It’s a sue and be sued world out there!
In August, Juul Labs filed trademark claims against 30 entities in China selling counterfeit Juul products on Ebay. Now, the company has announced that a federal court granted the company a temporary restrainin…
Category: fraud
WSJ reports that Theranos will finally dissolve
Theranos is reportedly finally closing down for good, nearly three years after a Wall Street Journal investigation called its blood testing technology into question. The WSJ said the company, whose dramatic downfall spawned a best-selling book that’s set to be filmed with Jennifer Lawrence starring as Theranos founder and CEO Elizabeth Holmes, sent shareholders an […]
View More WSJ reports that Theranos will finally dissolveAmazon is working with the FTC’s fraud investigation against Sellers Playbook
Amazon said today it is working with the Federal Trade Commission’s investigation into consumer fraud allegedly committed by Sellers Playbook, a Minnesota-based business that claimed to help Amazon sellers make more money. FTC and the state of Minnesota announced today that they have charged Sellers Playbook and its owner Jessie Tieva and CEO Matthew Tieva, […]
View More Amazon is working with the FTC’s fraud investigation against Sellers PlaybookTwenty-four IRS phone scammers sentenced
Finally a little justice for the scammers who prey on the unsuspecting. Twenty four more phone scammers have been received prison sentences of up to 20 years for fraud and money laundering. The extent of their efforts was truly staggering. One defendant, Miteshkumar Patel of Illinois received 240 months in prison followed by three years […]
View More Twenty-four IRS phone scammers sentenced‘Vomit fraud’ is here to make your Uber ride even worse
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It looks like Uber rides just got a lot more expensive.
A new ride-hail scam is hitting the news and, if you’re not careful, it’ll hit your wallet, too. It’s called “vomit fraud,” and it’s as awful as it sounds.
According to the Miami Herald, which spoke with several passengers about the particularly soggy shakedown in question, it works like this: After completing a ride, a diver fraudulently reports the passenger to Uber as having thrown up in the car. The driver may submit faked photos as some chunky icing on the disgusting scam-cake. Read more…
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View More ‘Vomit fraud’ is here to make your Uber ride even worseBank says Ticketmaster knew of breach months before taking action
Ticketmaster UK announced on its site yesterday that it identified malicious malware on June 23rd that had affected nearly five percent of their customers, allowing an unknown third-party access to customers’ names, email addresses, telephone numbers, payment details and login information between February 2017 and June 23rd, 2018. The company says the breach can be […]
View More Bank says Ticketmaster knew of breach months before taking actionPayPal to buy Simility, a specialist in AI-based fraud and risk management, for $120M
Payment provider PayPal continues apace with its acquisitions streak to bring more modern tools into its platform to serve its 237 million customers. Today the company announced that it is buying Simility, a fraud prevention specialist, for $120 million in cash. PayPal had been an investor in Simility (it owns three percent of the company, […]
View More PayPal to buy Simility, a specialist in AI-based fraud and risk management, for $120MNew malware is being disguised as Fortnite for Android
Don’t download the game Fortnite: Battle Royale, Android users.
The year’s most popular video game (which made almost $300 million last month) is currently available on all major gaming platforms except for Android. So of course, malware developers h…
Riskified prevents fraud on your favorite e-commerce site
Meet Riskified, an Israel-based startup that has raised $64 million in total to fight online fraud. The company has built a service that helps you reject transactions from stolen credit cards and approve more transactions from legitimate clients. If you live in the U.S., chances are you know someone who noticed a fraudulent charge for […]
View More Riskified prevents fraud on your favorite e-commerce siteManafort’s PDF conversion confusion becomes evidence in Mueller probe
In the end, it’s our own mistakes that bring us down.
Former Trump advisers Paul Manafort and Rick Gates are learning that lesson first hand. Apparently, prosecutors have evidence of the pair’s fraud thanks to a paper trail caused by Manafort’s…
Zelle users are finding out the hard way there’s no fraud protection
Scammers have taken to Zelle, the Venmo alternative backed by U.S. banks, to defraud consumers who believe the service includes the same protections they’ve come to expect from PayPal. A number of customers report having lost hundreds, or even thousands of dollars, over Zelle, when they used it for transactions with people they didn’t know – like tickets bought off a… Read More
L.L. Bean ends legendary lifetime return policy, and of course social media is to blame
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Congratulations, internet! We’ve ruined another glorious thing.
On Friday, beloved cozy and outdoors-y things retailer L.L. Bean announced that it would end its famed lifetime return policy. And social media is at least in part to blame.
“What we have seen, and it has come to the point where we had to act upon it, is a small but growing group of customers who are interpreting the guarantee as a lifetime product replacement program, and that was never its intent,” L.L. Bean President and CEO Stephen Smith told the Portland Press Herald Wednesday in an interview.
L.L. Bean’s legendary policy allowed its customers to return a product at any time, in any state of disrepair, for a new or comparable product, or a store gift card. Now, customers will only be able to return products purchased in the prior 12 months, or those that have a manufacturing defect. L.L. Bean informed the public of its new policy on Facebook, which was met with many cry face emojis. Read more…
More about Retail, Social Media, Fraud, Ll Bean, and Return Policy
View More L.L. Bean ends legendary lifetime return policy, and of course social media is to blame