After spending years saving money in the hopes of starting a family, Russell Leahy and his wife are now forced to live paycheck to paycheck. Leahy, a 28-year-old teacher from Fort Worth, Texas, recently lost $32,000 to scammers who tricked him into revealing sensitive financial information. Don’t miss “It was my entire life savings,” Leahy…
Your credit card can be a lifeline in tough financial times, but it can also turn into a nightmare in the blink of an eye. Just ask Andrew St. Hilaire, a small business owner who recently discovered his credit card had been compromised. The damage? A staggering $35,000 in unauthorized charges spanning multiple countries and…
A San Bernardino pastor and onetime city council candidate was arrested this week on suspicion that he swindled longtime friends and a nonprofit corporation tied to another church out of more than $230,000, according to federal authorities. Terrance Owens Elliott, who was arrested Thursday, has been charged with 11 counts of wire fraud, according to…
The Hong Kong Monetary Authority (HKMA) has made it incumbent on banks to conduct a mandatory name-matching process on customers for real-time fund transfers, the latest step by the city’s financial regulator to tackle scams. Financial institutions have been urged to adopt “refined measures” on their instant fund transfer systems such as the Faster Payment…
A man in China whose 10 million yuan (US$1.4 million) lottery jackpot was falsely claimed by another person has won a lawsuit demanding the money back. However, the man, surnamed Yao, has still not received his winnings after a five-year battle to secure his rights. The case has attracted huge attention on mainland social media…
Remember a decade or so when almost everyone was scared to shop online? The idea of putting credit card numbers on the internet was frightening and many people swore they’d never do it. Just about all of those people do at least some Christmas shopping online. While that may not be a problem, hackers see…
A man who oversaw a scheme to launder millions of dollars of narcotics money from the U.S. to drug organizations was sentenced to seven years in federal prison, according to the U.S. Department of Justice. Daniel Shaun Zilke, who went by the nickname “the Englishman,” was also fined $50,000 and ordered to pay $150,000 in…