FraudCaster

Archive for November, 2009

According to a recent article in the Des Moines Register, Bankers Trust is warning shoppers to “carefully check retail receipts following reports that rogue cashiers are adding ‘cash-back’ on transactions and pocketing the extra”. Read the rest of this entry »

In the stock world, if it sounds too good to be true, it is probably a Pump n’ Dump! What is that?

A Pump n’ Dump is a scheme where unscrupulous people, like the six that were recently sentenced to up to 51 months in federal prison, buy stock in struggling or sometimes defunct companies that are still available on the stock market, pump up their value through false or misleading statements, then dump their own stocks at the highest possible value leaving the rest of the investors holding worthless stock. Read the rest of this entry »