According to the U.S. Department of Health and Human Services, the Medicare Fraud Strike Force has charged almost 1,900 defendants in fraud schemes that total almost $6 billion since 2007. And that’s just the fraudsters who have been caught. Still, despite the scope of the problem, many Americans aren’t familiar with how Medicare fraud works and how it affects them. Here are some common examples of Medicare fraud -- and how they can be prevented.Continue Reading
Ponzi schemes have been around for decades, but Bernie Madoff really brought them back into the spotlight with his legendary $17 billion scheme. From Madoff to bogus emu investments, these 10 Ponzi schemes turned heads with their big sums and odd natures.Continue Reading
You can’t completely prevent identity theft — that’s just impossible. But you can reduce your chances of falling victim, as well as improve your situation once you’ve been hit.
There’s no single agreed-upon number for just how much fraud costs the world or even the U.S., but even the numbers in small pockets of the economy are huge.
Penny stocks are completely legal securities that sometimes belong to completely legitimate companies. But they're also a popular stomping ground for scam artists. Learn how to protect yourself.Continue Reading
Here are 10 Internet scams to watch out for, how to recognize them and what to do if you encounter themContinue Reading
Credit card breaches, swindlers and even baby formula form a web of business-targeted fraud that spans the globe.Continue Reading