Why are smart people tricked by fraudsters? Scam schemes are all quite similar; however, people are getting tricked time and time again. Scammers use ...
In mid-2016, the Decentralized Autonomous Organization, an autonomous venture capital funding organization that united more than 20,000 owners of Ether, came under attack. A hacker exploited a weakness in the code behind the DAO system and tried to – legally! – transfer about $50 million of cryptocurrency to his account. Despite the hacker’s threats of a lawsuit (which is amusing in itself), the DAO community has voted to create a hard fork in order to overcome the hack and return the Ethers to the owners. A group of programmers, led by Ether inventor Vitalik Buterin, has made changes to the code, breaking the initial ledger while recovering the stolen money and returning it to the rightful owners.
This is the story of BioRing on IndieGoGo, the groundbreaking fitness ring that ensured you were getting scammed. BioRing on IndieGoGo Are you i ...
A story about a thief who successfully stole 50 billion dollars. Little did he know, they were the worst kind of dollars...
The recently released iPhone X has many cool features that users are excited about. For example, animated emojis and Face ID are generating a strong buzz in the tech community. On one hand, it is an interesting innovation and a technological advancement. On the other hand, it is a bit scary considering this technology makes producing fake videos that much easier – and who knows what that could lead to? See for yourself in our video.
The scheme named after Charles Ponzi is a classic for financial pyramid builders. If you want to learn how the bad guys work, begin with Ponzi.
The Wolf of Wall Street’s main character made a fortune trading garbage stock. These are quite attractive cheap shares because one can purchase and sell them at a quick rate and make a good profit. However, most of the time only the scammers benefit.
Old vintage Bordeaux and Burgundy wines cost outrageous amounts of money and are quite tempting targets for frauds.
The story of how outside-the-box-thinking gets scammed by more outside-the-box thinking. Don’t make these mistakes.
Thousands have sent money to the “IRS” without realizing they just became the latest victim of an India-based scam.
Internet scams come in many forms. The especially cruel ones play games with the feelings of men looking to chat with beautiful Russian women. You can’t believe how often this happens.
Being an office worker at fraud companies like Enron does not guarantee someone a part of their dirty profits. On the contrary, they often get burned just like swindled investors.
How to inherit from an African prince, and mock a scammer? By popular demand, here is the final video on the nature and intricacies of Nigerian scam letters.
Watch how Fyre Festival’s Billy McFarland and has-been rapper Ja Rule allegedly duped people out of tons of cash.
If an opportunity to get rich quick comes your way, think long and hard. Otherwise you’ll end up like the subject of this video. Watch and learn from their mistakes.
Vegans and Silicon Valley alike were duped into the vegan mayo craze. How did it happen? Meet Josh Tetrick.
The Fidget Cube is one of the more recent crowdfunded toys for adults. With that simple concept in mind, here are some other ideas you might find yourself funding soon enough.
The issues of immortality and eternal youth always occupied the minds of successful people of the most various epochs. Unfortunately, those issues remained unsolved. Until today. From now on the rules of the game change forever.
Knowing the law can prove to be quite profitable. It's especially true if you're an entrepreneur.
In China, fraudulent ant farm Ponzi schemes (you read that right) can cost you your life (you read that right too).
Theranos and Elizabeth Holmes shot to mega status and billions. So, how did they become the business equivalent to Icarus?