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Tag: scheme

How a mailed check for $112 got cashed for $3,500: The new 'fishing' scheme

How a mailed check for $112 got cashed for $3,500: The new 'fishing' scheme

Finance
It was around noon on April 12. Josefina Gomez Pando, 83, dropped a check for $ 112 into a blue mailbox on a corner on the Upper West Side of Manhattan. Then she proceeded to her doctor's appointment. Her check would never make it to the mailman. That's because someone else, most likely using a sticky rat trap attached to the end of a string, fished her check right back out of that mailbox. And then they wrote a new one for $ 3,500. ...
Drinks bottles and can deposit return scheme proposed

Drinks bottles and can deposit return scheme proposed

Science
Media playback is unsupported on your devicePeople in England will soon have to pay a deposit when they buy drinks bottles and cans in a bid to boost recycling and cut waste.The deposit will increase prices - but consumers will get the money back if they return the container.The scheme is expected to cover single-use glass and plastic bottles, and steel and aluminium cans.Full details are subject to consultation and yet to be decided, including how big the deposit will be.But costs in similar schemes elsewhere range from 22p in Germany and 8p in Sweden.The government announcement comes after the Blue Planet II series highlighted the threat of ocean pollution and showed footage of wildlife eating plastic.Environment Secretary Michael Gove said there was no doubt that plastic was "wreaking h...
US retirement village to have 'largest' self-driving taxi scheme

US retirement village to have 'largest' self-driving taxi scheme

Technology
One of America's largest retirement villages will have a fleet of self-driving taxis introduced next year.US firm Voyage said it will start rolling out the service at The Villages, Florida which is home to 125,000 senior residents.It said the scheme, spanning 750 miles of road, would be the "largest by area size" in the world.It comes as safety concerns about self-driving cars persist after testing problems and some accidents.Voyage already operates a handful of driverless taxis at another retirement community in San Jose, California, also called the Villages, but said it had begun testing vehicles in Florida ahead of a much larger roll-out. Once the scheme is fully operational, it said all residents would be able to summon a self-driving car using its mobile app. "[Then they can] travel ...
The SEC busted an alleged $1.2 billion Ponzi scheme. Here's how not to be victimized.

The SEC busted an alleged $1.2 billion Ponzi scheme. Here's how not to be victimized.

Finance
The Securities and Exchange Commission on Thursday announced charges against a group of unregistered funds and their owner, for allegedly fleecing retail investors through a $ 1.2 billion Ponzi scheme. The victims include more than 8,400 individuals, many of whom are elderly.In a Ponzi scheme, the perpetrator generally takes money from one set of investors to pay off others, often earlier investors or simply diverts the proceeds for private gain.Fraud complaints have increased by 60 percent in the last five years, according to the Federal Trade Commission. "The frightening truth about fraud is scammers scam and liars lie," said Gerri Walsh, senior vice president of investor education at the Financial Industry Regulatory Authority, or FINRA, which regulates brokerage firms.To lessen the cha...
FCC stonewalling probe of 'massive' fake net neutrality comments scheme: NY AG

FCC stonewalling probe of 'massive' fake net neutrality comments scheme: NY AG

Technology
New York Attorney General Eric Schneiderman released an open letter to Federal Communications Commission Chairman Ajit Pai, accusing the agency of stonewalling his office's investigation into what he called a "massive scheme" to inundate the FCC's public net neutrality review process with fake comments. "The process the FCC has employed to consider potentially sweeping alterations to current net neutrality rules has been corrupted by the fraudulent use of Americans’ identities and the FCC has been unwilling to assist my office in our efforts to investigate this unlawful activity," Schneiderman wrote to Pai, a Republican appointed to head the agency by President Donald Trump. Net neutrality rules prevent internet service providers like AT&T, Verizon, Comcast and others from charging