Corporate One Asset Management issued a warning about the website economicfrauds.com, which has been scamming their clients using an advance fee fraud scheme. Economicfrauds.com contacts Corporate One's clients attempting to defraud them of money by convincing victims to pay legal and administrative fees, but the money is stolen and no work is done. A number of Corporate One's clients have complained about the unsolicited contacts. Other people have also documented being scammed by economicfrauds.com on the internet. Corporate One warns clients to document any contact from economicfrauds.com and report it to authorities.
Some time ago I bought shares in a micro cap company traded on the pink sheets. Lesson was quickly learned as I have ever since tried my best to sell them without success, as nobody seems to be interested in buying the small amount of stock that I held.
I had all but forgotten about them until a few weeks ago when I was contacted by someone at the website http://economicfrauds.com/ who said that I was the victim of a scam by the company (Midas Capital) that originally sold me the shares and that they were filing a class action suit against them and invited me to partake.
After much eulogizing of their own skills and of the potential success of the case I was convinced and sent them $150 in legal fees to register my name with the suit and cover other costs, which I sent to their bank in Cyprus.
Shortly afterwards “Economic Frauds” contacted me to tell me that the case had hit a stumbling block and that a further $500 would be required from each participant in the suit in order for the case to proceed. $500 which I stupidly sent them.
Payment fraud is a persistent threat in today's digital world. Even some of these fraud events were found connected with the best credit card payment companies to top credit card payment processing. Visit us at: https://webpays.com/best-credit-card-payment-companies.html
Advisory to Financial Institutions on E-Mail Compromise Fraud SchemesRyan Renicker CFA
"The Financial Crimes Enforcement Network (FinCEN) is issuing this advisory to help financial institutions guard against a growing number of e-mail fraud schemes, in which criminals
misappropriate funds by deceiving financial institutions and their customers into conducting wire transfers.
This advisory also provides red flags—developed in consultation with the Federal Bureau of Investigation (FBI) and the U.S. Secret Service (USSS)—that financial institutions may use to identify and prevent such e-mail fraud schemes."
Source: FinCEN Advisory FIN-2016-A003, September 6, 2016
The legal sector has been identified as a top target for cyber criminals and cyber attacks. Discover what the key threats and the type of attacks are of threat to law firms in our quick slide share.
Simple Training for Information Security and Payment FraudEvan Francen
The frequency of financial scams and payment fraud have been increasing substantially. We put these simple training slides together as a way to help our clients and friends.
Some time ago I bought shares in a micro cap company traded on the pink sheets. Lesson was quickly learned as I have ever since tried my best to sell them without success, as nobody seems to be interested in buying the small amount of stock that I held.
I had all but forgotten about them until a few weeks ago when I was contacted by someone at the website http://economicfrauds.com/ who said that I was the victim of a scam by the company (Midas Capital) that originally sold me the shares and that they were filing a class action suit against them and invited me to partake.
After much eulogizing of their own skills and of the potential success of the case I was convinced and sent them $150 in legal fees to register my name with the suit and cover other costs, which I sent to their bank in Cyprus.
Shortly afterwards “Economic Frauds” contacted me to tell me that the case had hit a stumbling block and that a further $500 would be required from each participant in the suit in order for the case to proceed. $500 which I stupidly sent them.
Payment fraud is a persistent threat in today's digital world. Even some of these fraud events were found connected with the best credit card payment companies to top credit card payment processing. Visit us at: https://webpays.com/best-credit-card-payment-companies.html
Advisory to Financial Institutions on E-Mail Compromise Fraud SchemesRyan Renicker CFA
"The Financial Crimes Enforcement Network (FinCEN) is issuing this advisory to help financial institutions guard against a growing number of e-mail fraud schemes, in which criminals
misappropriate funds by deceiving financial institutions and their customers into conducting wire transfers.
This advisory also provides red flags—developed in consultation with the Federal Bureau of Investigation (FBI) and the U.S. Secret Service (USSS)—that financial institutions may use to identify and prevent such e-mail fraud schemes."
Source: FinCEN Advisory FIN-2016-A003, September 6, 2016
The legal sector has been identified as a top target for cyber criminals and cyber attacks. Discover what the key threats and the type of attacks are of threat to law firms in our quick slide share.
Simple Training for Information Security and Payment FraudEvan Francen
The frequency of financial scams and payment fraud have been increasing substantially. We put these simple training slides together as a way to help our clients and friends.
2. Corporate One Asset Management have issued a warning against dealing with fraudulent
website economicfrauds.com who have been scamming clients.
Corporate One Asset Management have taken the unusual step of issuing an all points warning
against “Economic Frauds” and their website economicfrauds.com.
“Economic Frauds” have been contacting clients of Corporate One Asset Management in
attempts to defraud them using a version of the Advanced Fee Fraud scam –
en.wikipedia.org/wiki/Advance-fee_fraud. A number of clients have been in touch with
Corporate One Asset Management to complain about the unsolicited contacts from
economicfrauds.com.
“Economic Frauds” play on the fears of their victims and convince them to send them money in
order to cover legal and administrative expenses, but no work is ever carried out and the money
is simply stolen.
Corporate One Asset Management’s clients are not the only ones to have been contacted by
economicfrauds.com as people have begun to document their bad experiences of being
scammed by them on the internet – http://economicfraudsscam.blog.com/.
There has been a number of fake recovery agencies created recently and along with “Economic
Frauds” (economicfrauds.com), Corporate One Asset Management’s clients have also been
harassed by “People Alliance Corp” (peoplealliancecorp.com) and “Financial Frauds”
(financialfrauds.us).
If contacted by economicfrauds.com, document as much as possible and report it to your local
authority. Should they be successful in obtaining funds fraudulently, contact the police and file a
report.