Chasing a dream of wealth
The News Review:
- Chasing a dream of wealth
- The Patriot Ledger
- Life : Scamming scammers scammersvictimsmail – www.gazette.com
- Vancouver’s a con-man’s haven US media warn
- Bubbles booms and busts; The history of the stock market; ver 700…
- Bubbles booms and busts
Chasing a dream of wealth
NEWS.com.au – Mar 31, 2007
Top of the list were chain letters with 240 complaints followed by fake lotteries with 162 complaints. Fair Trading Minister Margaret Keech said scams were becoming more sophisticated and professional making them harder to spot. "Scams can turn up anywhere any time – in the mail over the telephone via email on the street at a seminar or in an advertisement" she said. "People continue to fall for the trap as they can appear to be the real thing and often target needs desires and emotions. " Abacus Australian Mutuals an association for credit unions and mutual building societies said in recent months there had been a "huge increase" in the number of Queenslanders being lured by scams that offer high commissions for receiving and transferring money with their computer. Leanne Vale fraud prevention manager with the firm urged people to be wary of adverts that say: "Work from home – we can pay you $1500 to $2000 per week for acting as our transfer agent. "She said that basically what they wanted was a bank account number and a scam mule for moving money around.
The Patriot Ledger
southofboston.com – Mar 31, 2007
They said they have seen 500 of the bogus checks. The writer called himself Sean Bright and said he lived on New Road in Bromsgrove England. A call to the local paper the Bromsgrove Advertiser determined that there is no listing for anyone by that name or for the street address he gave. ”New Road does exist leading off from the town’s High Street up past the local police station (perhaps where Mr Bright ought to or might end up)’’ editor Alan Wallcroft said. ”We’ve also checked the local telephone directories and directories on the Web and still no sign of our Mr. Bright’’ he said. A Google search of the first message to Brundage turned up a posting on a social networking site that included identical wording from someone who identified himself as Anthony Bright of Nigeria a favorite base for Internet scammers.
Life : Scamming scammers scammersvictimsmail – www.gazette.com
Colorado Springs Gazette – Mar 31, 2007
Instead of paying out they persuade the scammers to fill out elaborate forms or write messages in a made-up secret code. If the scammers bite the baiters then talk them into more and more ridiculous acts: holding up silly signs balancing objects on their heads even performing Monty Python sketches on film. Many scambaiters consider their reverse scam to be a kind of sport. Their goal is just to get the bad guys to do ridiculous things and then post the photos or video clips on the Internet. But the baiters also recognize that the more time the scam artists spend responding to their requests the less time the scammers have to lure real victims. Some even learn the scammers’ real identities and pass them on to law enforcement contacts. “It’s a good laugh especially if you can do the silly baits” said Buck Fast a scambaiter outside Glasgow Scotland who has gotten scammers to wear ballet tutus and sing made-up songs in recording studios… 8 billion worldwide in 2006. Though the scammers are concentrated in West Africa they now operate in dozens of countries. Scambaiters use dummy e-mail addresses and telephone numbers to protect their identities and employ the same tactics that the scammers themselves use — preying on their victims’ credulousness frequently changing the terms of the deal and perpetually holding out the promise of a payout that’s just around the corner. In one such example an English scambaiter replied to a 419 e-mail message saying that he couldn’t do the transaction because he was too busy running his video production company which he said was handing out scholarship money to promising actors. The men said they happened to be actors and would film an audition clip. The result was a fiveminute rendition of Monty Python’s dead parrot sketch with two Nigerian men taking John Cleese’s and Michael Palin’s original roles. The video got close to 150000 hits on YouTube last month.
Vancouver’s a con-man’s haven US media warn
Canada.com – Mar 31, 2007
over-the-counter market. These stocks are sold by salesmen in high-pressure boiler-room telephone or Internet solicitations. “He noted that one-third of the 35 companies that the U. Securities and Exchange Commission froze in an anti-spam campaign earlier this month had links to B… BlackBerry wireless e-mail comes from Canada and so do auto parts. Now for a hot new export: scandal. “(All of this is reminiscent of 1989 when Forbes dubbed Vancouver the “scam capital of the world” and Barron’s remarked that Vancouver has a reciprocal arrangement with the United States: “We send them our acid rain they export their worthless securities to us.
Bubbles booms and busts; The history of the stock market; ver 700…
Free with registration – Global Agenda – AccessMyLibrary.com – Mar 31, 2007
–>CPYRIGHT 2007 Economist Newspaper Ltd. Selling the history of financial speculation THE FINANCIAL world is flooded with literature: on hedge-fund investing portfolio theory discounted cash flows; on options kurtosis and PEG ratios; on alpha beta and omega. There is so much noise–so many titles and so much repetition–that it is easy to forget that there was once a time when the most common market aids were the pencil the tape and the telephone. Christopher Dennistoun a British antiquarian book dealer (and part-time stock trader) has spent 30 years collecting works on the history of the stockmarket and financial speculation. Some remain in print. thers long forgotten await resurrection. This is a field that lies well outside the interest of most booksellers and it has prospered beneath the radar of the auction.
Bubbles booms and busts
Economist – Portugal – Economist – Portugal – Mar 31, 2007
comSelling the history of financial speculation. There is so much noise—so many titles and so much repetition—that it is easy to forget that there was once a time when the most common market aids were the pencil the tape and the telephone. Christopher Dennistoun a British antiquarian book dealer (and part-time stock trader) has spent 30 years collecting works on the history of the stockmarket and financial speculation. Some remain in print. thers long forgotten await resurrection. This is a field that lies well outside the interest of most booksellers and it has prospered beneath the radar of the auction rooms… For well over a year before that Daniel Defoe had been pillorying the stock-market manipulation and sham reports that were used to push up stock prices. As Mr Dennistoun’s copy of Defoe’s book “The Anatomy of the Exchange Alley” recounts “’tis a compleat system of knavery; that ’tis a trade founded in fraud born of deceit and nourished by trick”. The fury this generated is also recorded vividly in a series of copper-engraved satirical cartoons entitled “Het Groote Tafereel der Dwaascheid” or “The Great Mirror of Folly” (pictured below) that mock the bubble companies of the first great Amsterdam tulip scam. The 19th century was also punctuated by another series of booms and busts producing a body of “how-to” literature that described both how to make money and how to avoid being had. In a remarkable three-volume series “Memoirs of Extraordinary Popular Delusions” Charles Mackay a precursor to Gustave le Bon and Elias Canetti examined a range of speculative bubbles.
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