Korean Banks Sue Newegg, Allege Massive Fraud, ‘Classic Ponzi Scheme’


A major lawsuit claims Newegg, ASI Corp, engaged in fraudulent transactions and built a major Ponzi scheme, defrauding four South Korean banks in the process.

The post Korean Banks Sue Newegg, Allege Massive Fraud, ‘Classic Ponzi Scheme’ appeared first on ExtremeTech.

The original article can be found here: https://www.extremetech.com/computing/257832-korean-banks-sue-newegg-allege-massive-fraud-classic-ponzi-scheme?source=Computing

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EPIC Claims Google Violates Consumer Privacy in FTC Complaint

A new technology that Google uses to track billions of credit card transactions is unsafe, overly intrusive, and possibly in violation of federal law, according to a complaint EPIC filed Monday with the U.S. Federal Trade Commission. EPIC urged the FTC to investigate Google over its Store Sales Management program, criticizing it as unfair and deceptive to consumers, and lacking an easy way to opt out. Google uses its SSM program to track whether consumers have converted online advertisements into in-store purchases.

The original article can be found here: http://www.ecommercetimes.com/story/84716.html?rss=1

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Overwhelming demand for Apple Pay's China launch causes sign-up hiccups

Article Image A rush from Chinese users to sign up for contactless transactions via Apple Pay has taken its toll on the service’s servers, preventing consumers from adding their credit and debit cards.

The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/4db549ba/sc/28/l/0Lappleinsider0N0Carticles0C160C0A20C190Coverwhelming0Edemand0Efor0Eapple0Epays0Echina0Elaunch0Ecauses0Esign0Eup0Ehiccups/story01.htm

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Online payments halted in Greece, citizens eye Bitcoin to protect savings

In the midst of the ongoing financial crisis, Greece has stopped online payment transactions from going ahead using Greek debit or credit cards.

The original article can be found here: http://www.foxnews.com/tech/2015/06/30/online-payments-halted-in-greece-citizens-eye-bitcoin-to-protect-savings/

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Your Lawyer Is Vulnerable to Cyberattacks

Lawyers help their clients as they negotiate confidential business transactions, hold intellectual property, manage funds and litigate disputes, among many other business activities. In the ordinary course of business, lawyers also maintain numerous confidential documents and data of and about their clients. As a result, lawyers have a big bull’s-eye drawn on their backs, visible to cybercriminals. The worst part is that most lawyers do not realize how vulnerable they are, since few lawyers understand IT security and cyber-risks.

The original article can be found here: http://www.ecommercetimes.com/story/81954.html?rss=1

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Bitcoin robberies hit New York

Bitcoin might make money transactions easier in the digital age, but it’s also brought about another way for people to get robbed. Dwayne Richards, a New York City-based firefighter, was the most recent victim of a bitcoin robbery, reports the New York Business Journal. Richards was stabbed by the thieves he was in contact with for a bitcoin-for-cash exchange in Williamsburg, Brooklyn. 

The original article can be found here: http://www.foxnews.com/tech/2015/02/23/bitcoin-robberies-hit-new-york/

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