News That Matters

Tag: Scam

Fraudsters jailed for £107m 'cynical' green tax scam

Fraudsters jailed for £107m 'cynical' green tax scam

Business
Six men who orchestrated an "audacious and cynical" tax fraud have been jailed for between 11 years and 20 months.They persuaded wealthy people to invest in environmental projects in exchange for tax breaks, but then used the money to fund lavish lifestyles, buying overseas property and luxury holidays.HM Revenue & Customs said it could have lost up to £107m as a result.HMRC's Simon York said the men showed "complete disregard" for the ecological causes they claimed to be supporting."These individuals thought they had worked out the perfect fraud," he said, adding that work had started to recover the proceeds of their crime.'Bare-faced dishonesty'HMRC said the group, led by "self-styled ringleader" and scientist Michael Richards, enticed 730 high earners to invest in research and devel
Email scam targets Netflix's millions of subscribers

Email scam targets Netflix's millions of subscribers

Technology
An email scam has been specifically targeting Netflix's millions of subscribers, threatening to suspend their accounts if they don’t update their billing information. The email asks its readers to click the link, leading them to a fake Netflix homepage and prompting them to enter their private information, according to MailGuard, an Australian cybersecurity firm. Netflix said it is aware of the ongoing scam, adding that the company takes security seriously and has measures in place to detect fraudulent activity. “Unfortunately, scams are common on the internet and target popular brands such as Netflix and other companies with large customer bases to lure users into giving out personal information,” Netflix said in a statement to ABC News. The company will never ask for any personal in
Scam baiter: Why I risk death threats to expose online cons

Scam baiter: Why I risk death threats to expose online cons

Technology
In the flesh, Wayne May (not his real name) is an affable gentleman in his late 40s, softly spoken with a lilting Welsh accent. When we meet he's casually dressed in jeans and a Batman T-shirt. He works full-time as a carer.On the net, he's a tireless defender of scam victims and a fearless scam baiter - a person who deliberately contacts scammers, engages with them and then publishes as much information about them as possible in order to warn others. He regularly receives death threats, and his website, Scam Survivors, is often subjected to attempted DDoS attacks - where a site is maliciously hit with lots of web traffic to try to knock it offline.But Mr May is determined to continue helping scamming victims in his spare time, and has a team of volunteers in the US, Canada and Europe doin...