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Getty Millionaire consumer rights champion Martin Lewis is suing Facebook after claiming scammers are using his reputation to ensnare people in “get-rich-quick schemes” through fake ads. The TV star’s team has been surprised by Facebook’s “deliberately obtuse” response to being served with legal action, according to his attorney. He is pursuing exemplary damages against Facebook, […]
Enlarge / Signs for Cambridge Analytica in the lobby of the building in which the firm is based on March 21, 2018 in London. (credit: Chris J Ratcliffe/Getty Images) Cook County, Illinois, has joined the parade of lawsuits filed against Facebook in the wake of the ongoing Cambridge Analytica scandal—the county is believed to be the […]
Theresa May’s political secretary has been accused of ‘outing’ his former partner as gay in an attempt to stop him exposing alleged breaches of campaign finance rules. The allegations center on the Vote Leave Brexit campaign. Shahmir Sanni, a former research director of BeLeave, claimed Downing Street aide Stephen Parkinson revealed the pair’s relationship in […]
Enlarge / Founder & CEO of Theranos, Elizabeth Holmes. (credit: Getty | Gilbert Carrasquillo) The once-darling Silicon Valley startup that promised to revolutionize the blood-testing industry and fetched a valuation of $ 9 billion may have finally been dealt a death blow. The Securities and Exchange Commission on Wednesday charged Theranos Inc., its founder and […]
“Pharma Bro” Martin Shkreli was sentenced Friday to seven years in prison for defrauding investors in two failed hedge funds.
Martin Shkreli, former CEO of Turing Pharmaceuticals. (credit: NEPA Scene/Flickr) A federal judge sentenced former pharmaceutical executive and hedge-fund manager Martin Shkreli to seven years in prison Friday following his earlier conviction on three of eight counts of securities and wire fraud charges. According to reporters present in the Brooklyn courtroom, Shkreli gave an emotional […]
Enlarge (credit: Lionel Allorge) The de facto kingpin of an online crime bazaar that peddled stolen identities, credit card skimming devices, and many more illicit wares and services was arrested in Thailand by dozens of heavily armed police officers, it was widely reported Friday. Sergey Medvedev, 31, was co-founder of Infraud, a massive enterprise that […]
GUEST: Facebook’s decisions earlier this month to combat fake news by reducing the amount of news-outlet posts users see and relying on users to validate media sources have been hot topics of discussion among advertisers, the media, and anyone following the story of fake news’s damaging influence on politics. Unfortunately, Facebook’s approach may make fake […]
Regulators accuse a Nevada-based cryptocurrency company of misappropriating over $ 6 million from customers and funneling the money through their family members’ accounts to purchase luxury items. On Wednesday, the US Commodity Futures Trading Commission (CFTC) announced it had filed a lawsuit against My Big Coin Inc (MBC) founder Randall Crater and Mark Gillespie, who […]
Enlarge / If you bought directly from OnePlus in the last two months or so, double-check your credit statements. Earlier this week, numerous reports of credit card fraud started pouring in from OnePlus users. On the company’s forums, customers said that credit cards used to purchase a OnePlus smartphone recently were also seeing bogus charges, […]
