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1860s. Jacob Young, William Abrams, and Nancy Clem ran what author Wendy Gamber argues, in her book The Notorious Mrs. Clem: Murder and Money in the Gilded Age, was the first-ever Ponzi scheme. [ 1][ 2] In Munich, Germany, Adele Spitzeder founded the "Spitzedersche Privatbank" in 1869, promising an interest rate of 10 percent per month.
The Luffy robberies were linked to the arrest of 36 Japanese nationals in a hotel in Makati, Philippines, for running a telecom fraud and extortion scheme. [1] [2] According to Japanese police, the group victimized 1,393 Japanese nationals, causing damages estimated at around ¥2 billion (₱1 billion). [1]
After a prolonged sting investigation, Secret Service agents swoop down on organizers and prominent members of BBSs in 14 U.S. cities including the Legion of Doom, conducting early-morning raids and arrests. The arrests involve and are aimed at cracking down on credit-card theft and telephone and wire fraud.
Fake news in the Philippines refers to the general and widespread misinformation or disinformation in the country by various actors. It has been problematic in the Philippines where social media and alike plays a key role in influencing topics and information ranging from politics, health, belief, religion, current events, aid, lifestyle, elections and others.
Internet fraud is a type of cybercrime fraud or deception which makes use of the Internet and could involve hiding of information or providing incorrect information for the purpose of tricking victims out of money, property, and inheritance. [ 1] Internet fraud is not considered a single, distinctive crime but covers a range of illegal and ...
Around 55 million registered voters at risk. Biggest private data leak in Philippine history. Arrests. Paul Biteng (arrested on April 20) Joenel de Asis (arrested on April 28) On March 27, 2016, hackers under the banner "Anonymous Philippines" hacked into the website of the Philippine Commission on Elections (COMELEC) and defaced it.
The Kapa-Community Ministry International ( Cebuano: Kabus Padatuon, lit. 'enrich the poor'; a.k.a Kapa) was one of the biggest financial investment fraud scandals in Philippine history. An estimated five million people including Noel were duped by the religious company Kapa-Community Ministry International, which promised a 30% monthly return ...
Aman Futures was reported as a pyramid scheme in 2012 by the National Bureau of Investigation of the Philippines that duped some 15,000 people in Mindanao and the Visayas of P 12 billion (US$295,000,000 est.). [4] Authorities from the Philippines have set a manhunt for Manuel K. Amalilio, the founder of the company who left the Philippines for ...