#financial scam

[bitchesgetriches]

Buy Now Pay Later Apps: That Old Predatory Lending by a Crappy New Name

Years ago Kitty and I did an interview with Glen James from My Millennial Money, a podcast out of Australia that answers the question “Will I ever get tired of listening to men with Australian accents talk about everything from true crime to investing?” (And that answer, to be clear, is a resounding haaayl nah.) You should listen to it! It’s great!

At the end of our conversation, Glen hit us with a curveball. “What do you think of Afterpay?”

“I don’t know her,” said we. And Glen, who is clearly gifted with The Sight, answered cryptically, “Ah. So it hasn’t made it to the States yet. Good luck, mates.” And then we asked him to say “1999” and giggled incessantly.

Flash forward to the present. Not only have we now heard of buy now pay later apps like Afterpay… we fucking hate them. Which means it’s time for another installment of Piggy Rails Against a Financial Outrage for 2,000 Words Or So.

Keep reading.

If you liked this article, join our Patreon!

[wealmostaneckbeard]

Money Laundering, as I understand it, is where illegally obtained money is exchanged in a process to make it legal. When a stereotypical over-confident crime boss describes his money laundering scheme, it would probably sound like this:

"I didn't make millions of US Dollars by selling party drugs, good heavens no! I just happen to run a very successful pizza parlor franchise. These parlors may appear to be derelict and understaffed. But according to my financial records our pizzas are extremely popular/profitable and our overhead costs are easily manageable. We don't keep track of who's ordering our pizzas because we respect our customers privacy!"

For those of you who are bit slow, and there is no shame in that, there are no pizzas being made or sold. The crime boss is selling drugs but he can't deposit the money into a regulated bank. And he needs the legit bank because it can be used to transfer money long distances, like to untaxable off-shore bank accounts. But he can't tell the bankers "I'm depositing money that I made by running an illegal narcotics operations" because that goes into the banks records which are subject to review by government law enforcement. So instead the crime boss sends the cash to the pizza parlors where the employees deposit it in the banks as earnings. The employees are allowed to take a small cut of the cash flow but the majority has to go into the bosses legitimate bank account. Any employee who takes more than their allotted amount will have to answer to the boss's enforcers.

When law enforcement agents check the boss's legit bank account, all they will find is the proceeds from the pizza business. So it's up to investigators to do a lot of legwork: visiting the parlors, interviewing employees, and monitoring transactions. If they can find a correlation between drug sales and profits from the pizzarias, then they have evidence they can bring to court.

This is just an example, not every money laundering scheme involves fake pizzas, although that was a thing back in the 1980-90's. You can swap pizza parlors for casinos, hotels, warehouses, and any other legitimate business. And the pizzas could be works of art, real estate, property rights, and cryptocurrencies. Finally the drug money could instead be any money taken illegally, like stolen from a bank, skimmed off the paychecks of illegally employed laborers, and exhorted from legit businesses. Oh, the money could also come from the sale of illegal firearms! Almost forgot about arms dealing!

Anyways that's how I think money laundering works, if I'm forgetting something, let me know!

P.S.: Why are you looking up money laundering on tumblr?

[evamadeln]

Victor Davis Hanson warns America’s witnessing a ‘systemic collapse’ [Video]

[creative-pens]

BBC raids: India arm lost PF money in IL&FS, DHFL scam

BBC World Service India Private Ltd, whose offices were subject to a survey today by the income-tax authorities over non-compliance with the Transfer Pricing Rules, had to write off ₹7.2 crore from its pension fund following its exposure to the two tainted non-banking companies, IL&FS and DHFL.

The New Delhi-based subsidiary of the UK’s national broadcaster along with other group entities, BBC Studios India Pvt Ltd and BBC Global News India Pvt Ltd, has a provident fund scheme under a trust called the BBC Worldwide India Employees Provident Fund. The trust had an exposure of ₹2.85 crore and ₹4.35 crore in the securities of IL&FS and DHFL, respectively. It is not clear if the “securities” only refer to debt or equity as well.

During the year (FY21), the company provided for ₹1.59 crore, including interest accrued till date, as a proportionate share of exposure of 80% and 35% of the investment made in IL&FS and DHFL, respectively, and accounted for the same as an exceptional item in its P&L. A sum of ₹1.44 crore on the investments was considered as a contingent liability and was to be assessed in the future based on the resolution proceedings, stated the company's filings. Fortune India, however, could not access the company’s financials for 2021-22.

Incidentally, rating agencies CARE and Brickworks, which have since been barred by the market regulator, had given an ‘AAA’ rating to DHFL’s non-convertible debentures (NCD) between 2016 and 2019. The bonds were subsequently downgraded to a default rating (D) after the NBFC began defaulting on its obligations. Besides commercial banks that owed ₹35,000 crore to DHFL, fixed deposit and NCD investors were the biggest lenders with an exposure of ₹45,000 crore.

With regards to the search, the tax authorities issued a statement today stating that the survey was in view of BBC’s deliberate non-compliance “for years” with the transfer pricing rules and vast diversion of profits. “As a result of the same, several notices have been issued to the BBC. However, the BBC has been continuously defiant and non-compliant and has significantly diverted profits,” read the statement.

According to the authorities, the key focus of the survey is to look into the manipulation of prices for unauthorised benefits, including non-compliance under transfer pricing rules, persistent and deliberate violation of transfer pricing norms; deliberate diversion of significant amounts of profits, and non-adherence in maintaining arm’s length arrangement in the case of allocation of profit. The company, which paid ₹2.04 crore in income tax in FY21, already has an ongoing case with the tax authorities but believes the outcome will not adversely impact its financial position and operations.

Incidentally, BBC World Service India, which produces content for radio, television and websites under contractual agreements with its parent and other group companies, in its annual statement mentioned that it has a comprehensive system of maintenance of information and documents as required by the transfer pricing regulation under Sections 92-92F of the Income-Tax Act, 1961.

“Since the law requires the existence of such information and documentation to be contemporaneous in nature, the company continuously updates its documentation for the international transactions entered into with the associated enterprises during the financial year and expects such records to be in existence latest by the due date for the same. The management is of the opinion that its international transactions are at arm’s length so that the aforesaid legislation will not have any impact on the financial statements, particularly on the amount of tax expense and that of provision for taxation,” the company filings state.

During 2020-21, the transactions that the company entered into on an arm’s length basis, involve the parent company, and fellow subsidiary, BBC Global News India Pvt Ltd. In FY21, on revenues of ₹107.45 crore, BBC World Service incurred a total expenditure of ₹103.97 crore, including staff expenses of ₹51.93 crore. As a result, it ended the year with a profit after tax of ₹2.40 crore. Read More On..

[collegelives]

Indians Must Learn to 'Stay Safe Online' as Scammers Have Spread Phishing Net for IRCTC, UPI Users: Experts

While Union IT Minister Ashwini Vaishnaw launched a new campaign called “Stay Safe Online” as part of India’s presidency of the G20, a report by Cyble Research and Intelligence Labs (CRIL) revealed that there is a new wave of financial fraud in which scammers, monitoring Twitter complaints, are targeting IRCTC customers and UPI users.

Cybersecurity and online scams have emerged as significant concerns in recent years according to several tech experts, while the country is seeing a digital boom. From online payments to online healthcare consultation as well as education, Indians have embraced all types of new technology when needed. But at the same time reports highlighted a significant increase in online fraud cases too.

For example, as per Cyber Pravah, the third and fourth quarterly issue, UPI fraud cases have increased from 50,812 in Q4 2021 to 1,13,137 in Q1 2022. Additionally, internet banking fraud complaints saw a rise of 14% from 13,791 in O4 to 34,229 in Q1 of 2022.

It is said in the report that “technological advancements and the COVID-19 pandemic have also accelerated the reliance on digital platforms to perform daily and essential activities, making users increasingly susceptible to cyber threats”.

Additionally, according to data from the Ministry of Home Affairs (MHA), UPI frauds contributed significantly to a 15.3% increase in the overall number of complaints reported on the National Cybercrime Reporting Portal (NCRP) between the first and second quarters of 2022. Read More

[yesterdayiwrote]

Ummm Carmen released a book now?!

Lol, yes, so it seems!

I mean... I haven't exactly hidden the fact I'm not a fan of hers or of wag culture in general, but I saw this and... it really sums up what it is that bugs me about the whole thing.

Not to be patronising but I really hope people realise - This isn't a book, it's a recruitment scam ploy for Female Invest. It's not a book with a reduced subscription, it's a reduced subscription package with a free 'e book'. You can't buy this book on it's own, or without giving your personal details to their company. You also will be auto-enrolled into an auto-renew subscription that will be £99 a year after the first year.

I'm not going g to tell people what to do with their money but just... please don't go rushing in to buying this just because it has her name on it. It's bad enough when WAGS are selling you overconsumption and overpriced designer shit you don't need but... I'm really uncomfortable with this one, because there's incredibly mixed reviews on Female Invest as a company (some positive but an awful lot not - I'd advise you to do your research on them), and also not much clarity on her own credentials. Having a famous boyfriend, a 500k insta and a LinkedIn really isn't enough to go on when offering around financial advice to people.

Obviously it's everyone's personal choice to make, but... I'd definitely tread carefully here. It's very... grifty and full of red flags. Companies don't tend to just offer you memberships at less than 50% their alleged market value... the fact you're getting an extra thrown in suggests neither of the end products are worth that in the first place 😬😬

[actualalivecreature]

beware of scammer @enchantingcomputerdefendor

They’re reaching out to people seeking mutual aid and trying to get them to commit check fraud. Stay safe, and only accept money through legit cash sharing services like ppal/vnmo/capp, never like this. Virtual checks don’t exist. You have to have a real, physical check in order to deposit one.

[coolreallifes]

How to Choose the Best Broker for Stock, Forex, and Crypto Trading in 2024?

Navigating the world of trading can be overwhelming, especially when it comes to selecting the right broker to meet your trading requirements. Whether you’re interested in stocks, forex, or cryptocurrencies, the choice of broker can significantly impact your trading experience and success. In this post, we’ll explore the key factors to consider when choosing a broker and introduce you to ForexJudge.com, a reliable resource that offers comprehensive reviews and detailed analysis of the world’s best brokers.

Factors to Consider When Choosing a Broker

Regulation and Security:

Ensure the broker is regulated by a reputable financial authority. Regulation provides a level of security and oversight, protecting you from fraudulent activities.

Look for brokers that offer robust security measures, including encryption and two-factor authentication, to safeguard your funds and personal information.

Trading Platform:

A good trading platform should be user-friendly, reliable, and equipped with essential tools for analysis and trading.

Consider whether the platform offers mobile compatibility if you plan to trade on-the-go.

Fees and Commissions:

Compare the fees and commissions charged by different brokers. Lower fees can significantly enhance your profitability, especially if you trade frequently.

Be aware of hidden fees, such as withdrawal charges, inactivity fees, or charges for additional services.

Range of Assets:

Ensure the broker offers the range of assets you’re interested in trading. If you plan to diversify your portfolio, choose a broker that provides access to stocks, forex, and cryptocurrencies.

Some brokers specialize in specific asset classes, so make sure your chosen broker aligns with your trading preferences.

Customer Support:

Reliable customer support is crucial, especially if you encounter issues with your account or trading platform. Look for brokers that offer multiple support channels, including live chat, phone, and email.

Check reviews to gauge the quality and responsiveness of the broker’s customer service.

Education and Resources:

Many brokers offer educational resources such as tutorials, webinars, and market analysis. These resources can be invaluable, especially for beginners.

A broker that provides regular market updates and trading insights can help you stay informed and make better trading decisions.

How ForexJudge.com Can Help

With so many brokers available, making an informed choice can be challenging. This is where ForexJudge.com comes in. ForexJudge is a trusted platform that has compiled detailed reviews and analysis of the world’s best brokers. By providing comprehensive information and user feedback, ForexJudge helps traders make well-informed decisions.

Detailed Broker Reviews

ForexJudge offers in-depth reviews of brokers across various asset classes, including stocks, forex, and cryptocurrencies. Each review covers critical aspects such as regulation, fees, trading platforms, and customer support. By reading these reviews, you can gain valuable insights into the strengths and weaknesses of different brokers, helping you choose the one that best meets your needs.

User Feedback and Ratings

In addition to expert reviews, ForexJudge features user feedback and ratings. This community-driven aspect allows traders to share their experiences and provide honest assessments of brokers. This real-world feedback can offer a clearer picture of what to expect and help you avoid potential pitfalls.

Regular Updates and Alerts

The trading world is dynamic, with brokers frequently updating their services, fees, and policies. ForexJudge keeps you informed with regular updates and alerts, ensuring you have the latest information at your fingertips. This proactive approach helps you stay ahead of the curve and make timely decisions.

Making the Final Decision

When choosing a broker, it’s essential to consider your trading goals, risk tolerance, and preferred asset classes. By leveraging the resources available on ForexJudge, you can make a well-informed decision that aligns with your trading strategy.

Steps to Follow:

Identify Your Needs:

Determine what you want to trade (stocks, forex, crypto) and what features are most important to you (low fees, robust platform, educational resources).

Research and Compare:

Use ForexJudge’s detailed reviews and user feedback to compare different brokers. Pay close attention to factors such as regulation, fees, and customer support.

Test the Platform:

Many brokers offer demo accounts. Use these to test the trading platform and ensure it meets your needs before committing real funds.

Start Small:

When you choose a broker, start with a small investment to test the waters. As you gain confidence and experience, you can increase your trading capital.

Conclusion

Choosing the right broker is a crucial step in your trading journey. By considering factors such as regulation, fees, trading platforms, and customer support, you can make an informed choice that enhances your trading experience.

For a reliable resource in your broker selection process, turn to ForexJudge.com. With its comprehensive reviews, user feedback, and regular updates, ForexJudge provides the insights you need to make the best decision for your trading needs.

Happy trading, and may your investments be fruitful!

[zndr315-blog]

Hello help prevent my lungs from collapsing please, am here begging for any little donation you will offer. Kindly support me by donating and sharing 💗...As low as $5 will save my life

Thanks for accepting to help me

No, you’re a scammer, as documented here by @slenbee.

Please consider sharing, reblogging, and donating to these REAL fundraisers instead👇

@oday-akram, verified by @gaza-evacuation-funds in this post, and number 369 on their list:

@hanihomed, number 99 on @gazavetters’ list:

@savepalestineinfamily19, verified by several different tumblr users, as documented in this post:

@mssb9996, number 309 on @gazavetters’ list:

@safaabed8, this family’s fundraiser was verified by @nabulsi and their original fundraiser was previously verified by @90-ghost before it was wrongly deleted, as documented here:

@needaafarhat, number 248 on @el-shab-hussein and @nabulsi’s list and verified by @90-ghost here:

[daisiesonafield-blog]

Don’t use Temu!

[bitchesgetriches]

I'm now thinking this job offer I've gotten is a scam and want to get feedback. I applied on linkedin and it's a customer service work from home position with pay listed as a few bucks an hour more than I make now. It's saying that I'll need to do an assessment with them before they offer the job. They're saying after I complete the assessment they'll send me a check to get the work computer. That feels very red flag, like if they have the money for getting me the computer wouldn't they want to purchase it for me and then send it?

THIS IS A SCAM. DO NOT GIVE THEM ANY MORE INFORMATION OR MONEY.

My brother almost fell for the same one. I tell the story in our guide to avoiding online financial scams:

10 Ways to Spot Financial Scams and How to Defend Yourself 

So sorry you have to put up with this bullshit while looking for a job, sweetie.

Did we just help you out? Join our Patreon!

[fobnsfwdoodlesbackup]

Hi y'all, I just wanted to talk a little about the behind the scenes of what I've been up to, to give y'all a little transparency and to open myself up for any tips or input! 🙏 Thank you for your continued support and for taking the time to look at my art 🫶

First and foremost I wanted to give some transparency about my art capacity.

As og followers may remember, I started this blog when I was doing art full time. Eventually my living expenses grew and I had to go back to work. I find myself in a cycle of "I'll make more art soon, once I get a job!" And "I'll make more art soon, once I am done with this job!" I lost my most recent job suddenly, having had an extension waved over my head until the last day(October 7th). Now I'm excited to have more time for art, but I am also feeling a rush to get a new job ASAP as I've been living paycheck to paycheck. I dream of doing this work full time, I'm just scared it's not quite there yet and I worry that I come off as scammy or dishonest when I anticipate more stability around the corner.

Second, I've been struggling with the Patreon. It's taken me a while to come to terms with this, but from what I've seen Patreon is not intuitive at all from the creator end. It doesn't do a good job of organizing addresses, emails, showing who or who isn't subscribed to me, or organizing and displaying the work I put on there. I've been really shocked by this experience, since lots of big names use Patreon. It's been a great way to streamline support, but it's been unhelpful in every other regard. I would like to continue using it, but I will most likely post more wips or process videos there in the future.

Which brings me to my third point, zines. I love making zines so much, it feels personal and fulfilling and fun! However the Patreon issues make it harder to keep information in order about where to send zines, or even where to message folks about them. In addition to this, the post office has been a big barrier to me, oftentimes only being open at the same time as my dayjob. Making zines can take days, then sending them out is a whole other monster.

This work is so important to me. Drawing peoples fantasies, representing body types, creating work around sexuality and the human experience feels like what I'm meant to do. I've made comics since I was a kid. This is the dream to me. The friends I've been able to make through this work are so important to me, and the conversations have been invaluable. Not to mention fun! I wanna doodle, I wanna draw hot stuff, I wanna thirst over these dudes! I want to play!

But I also just want to be transparent about the barriers I'm working around to share that experience. I'm completely self taught, both in art AND in running shops, building websites, running 8 accounts, etc. I take a lot of time to learn the logistics of these things, and try to make them make sense for my relationship with y'all (I do not want to paywall my art!! I don't want to!!!). This year my desktop broke down (the main one I use for all paintings and digital art). I've paused my Etsy shops and my Patreon to try to catch up with things. Trying to learn to paint in a completely different program. Then lost my job with no savings.

At the end of the day I don't want anything to come between me sharing my art with you. I wish I could doodle a thing, take a picture, and post it here. No third party site, no shop, no subscription. Just sharing my art with you. I promise I'm trying to figure out how to stay as close to that as possible, and I want to thank y'all for sticking with me as I untangle all of that.

So, what can you expect in the near future?

I'm working on a couple of painting commissions right now, which you should be able to see in the next couple of days! I want to catch up on kinktober and get those posted as well. There's a comic commission in progress which I'm very eager to work on, and which I think y'all will be excited for! To ease the weight of the Patreon I think I may do less zines/polls there and more wips and process videos! If possible, I want to do more full colored work too.

Thank you again for enjoying my work, and if you have any input or tips my inbox is always open 🙏🫶💕

[evamadeln]

Elder Fraud: Be Aware and Report Scams [Video]

[sleepyminty]

Help me with my funds

I knows this sounds stupid, yes call me irresponsible but please listen to my story. I am currently an exchange student in france and currently the prefecture demands me a amount of 5600 euros in my bank account. But here’s a thing, i found a ‘part-time job’ of my country via an association and long story short i got scammed and they stole around 2000€. After i paid for my school and paid for my housing i dont have enough fund in my bank account. Plus, i cant ask for more money from my parents cuz i dont want them to worry and they are still paying for my grandmother hospital bill.im having troubled looking for a jobs in france right now and Im feeling so stupid but i cant think of any other ways. This is my first time using gofundme and i dont know how it function so if the amount i ask is too much then its ok 1500 or 2500 should be fine for me So pls spare me some thoughts and help me. I am on my knees

[naivety]

not to be an ass but if you're giving so much to fundraisers spread around on tumblr dot com that you're out of money that is a you problem. most are asking for single digit donations or a share for other people to decide if they want to do the same. if they are a scam, make sure you lose money you can stand to lose, and if not, 100 people who can afford to donate $5 each will add up real quick for someone who needs it and will absolutely not be a waste to anybody anywhere. if you have time and energy to research multiple fundraisers yourself, awesome, and if you don't, $1 or $5 or $10 is not going to kill you, unless it is, in which case, you can simply not donate! nobody has a gun to your head. ultimately it is your decision and your judgement call if that's something you can afford to spend, scam or otherwise, vetted yourself or otherwise, as a grown ass adult with functioning free will. it is not that complicated, next question.

[reality-detective]

ATM thieves use glue and 'tap' function to drain accounts at Chase Bank.

There's a new warning for those who use the "tap" function at ATMs at Chase Bank.🤔