August 30, 2012 |
Michele Wein Layne decided on a career change 17 years ago when she was at her office at 10 p.m. poring over a mind-numbing legal document. Layne was an up-and-coming corporate litigation lawyer at a big Los Angeles law firm. But the grueling hours and unrewarding work left her miserable. She wanted something more meaningful, and soon after joined the Securities and Exchange Commission's local office as a lawyer fighting investment fraud and insider trading. After a series of promotions, she was chosen last month to lead the 150-person office.
August 22, 2012 |
NEW YORK - They've called from pay phones. They've had furtive meetings at hotels and even a church. On internal government documents, they go by code names like Mr. X. For the last year, whistle-blowers deep inside corporate America have been dishing dirt on their employers under a U.S. Securities and Exchange Commission program that could give them a cut of multimillion-dollar penalties won by financial regulators. A new bounty program has been an intelligence boon to the securities industry regulator, which has struggled to redeem itself after failing to stop Bernard Madoff's epic Ponzi scheme and rein in Wall Street before the 2008 financial crisis.
December 12, 2011 |
Here is a roundup of alleged cons, frauds and schemes to watch out for. Computer virus — The Federal Trade Commission has started mailing refunds to 300,000 consumers who were victims of a scam in which they were tricked into buying unnecessary software to remove nonexistent viruses and spyware from their computers. The perpetrators of the scheme caused ads to appear on victims' computers, informing them that a "system scan" had detected viruses and other threats that needed to be removed immediately.
November 14, 2011 |
Here is a roundup of alleged cons, frauds and schemes to watch out for. Social Security — Thieves have been impersonating Social Security Administration employees in an attempt to steal seniors' personal information, the AARP said in a recent bulletin. The con artists contact seniors by telephone, claiming to be updating their records. They ask for seniors' Social Security numbers, birth dates and bank account numbers, the AARP said. Consumers should never disclose such information over the telephone to strangers, the AARP said.
January 17, 2011 |
Here is a roundup of alleged cons, frauds and schemes to watch out for. Not easy being green ? The Federal Trade Commission said it reached a settlement with Tested Green, a company that issued "green" environmental certifications to businesses for as much as $550. According to the FTC, from February 2009 to April 2010, the company sold certifications that were "worthless" because Tested Green never examined the businesses. The FTC said Tested Green also deceived customers by citing endorsements from the National Green Business Assn.
December 13, 2010 |
Here is a roundup of alleged cons, frauds and schemes to watch out for. Telemarketing fraud The FBI wants to help you avoid giving your money to criminals on the telephone. Once you fall victim to telemarketing fraud, you'll almost certainly never get your money back. Before you buy, the FBI recommends that you take these precautions: Don't buy from an unfamiliar company, ask for written material by mail and check out companies on the Web. Websites for the Better Business Bureau, the state attorney general and the National Fraud Information Center are good places to start your search.