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The FBI Internet Crime Complaint Center (IC3) received more than 101,000 reports of scams and fraud against people ages 60 and older in 2023, causing seniors to lose over $3.4 billion. And those ...
The Spanish Prisoner scam—and its modern variant, the advance-fee scam or "Nigerian letter scam"—involves enlisting the mark to aid in retrieving some stolen money from its hiding place. The victim sometimes believes they can cheat the con artists out of their money, but anyone trying this has already fallen for the essential con by ...
Just for Feet – bankrupt in 1999, acquired by Footstar, final stores closed in 2004. MC Sports – filed for bankruptcy and closed in 2017. Modell's Sporting Goods – first store opened in 1889. On March 11, 2020, the company filed for bankruptcy, and announced it would close all 115 stores.
Acorn Stores ( Minneapolis, Minnesota) Ames Department Stores Inc. (based in Rocky Hill, Connecticut) Arlan's Department Store (Mid-Atlantic and Midwest) Ayr-Way (Midwest/Great Lakes States-Based out of Indianapolis) Was discount chain of L.S. Ayres & Co. that eventually became Target Stores.
A financial columnist for New York Magazine has gone viral after she admitted to being scammed out of $50,000 from someone posing as a CIA agent. Charlotte Cowles, a writer living in New York City ...
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Many older Americans are staying in the workforce beyond retirement age. Some do it to maximize their savings potential, while others seek fulfillment. Don't miss. Commercial real estate has ...
1860s. Jacob Young, William Abrams, and Nancy Clem ran what author Wendy Gamber argues, in her book The Notorious Mrs. Clem: Murder and Money in the Gilded Age, was the first-ever Ponzi scheme. [ 1][ 2] In Munich, Germany, Adele Spitzeder founded the "Spitzedersche Privatbank" in 1869, promising an interest rate of 10 percent per month.