The Fightback Ninja has created the Scumbag Awards 2017 for the scammers and spammers who make our lives miserable through theft of money, time and even identity.
Each week, the Fightback Ninja will select and publicise one or more categories of scam or spam and a list of contenders for the award. You pick the winner by voting online and the awards will be announced in July.
For further information go to https://fightback.ninja/scumbag-awards-2017/
Category: Financial Fraud
The Traffic Monsoon Ponzi Scheme
Pyramid investment scheme worth £160 million shut down after taking money from 162,000 people.
Traffic Monsoon, which is run by Charles Scoville, claimed to make people money through online advertising ‘AdPacks’, but Mr. Scoville, an American “entrepreneur” has a history of similar schemes that collapse.
The Trading Options Scam
Trading options on the stock market is a job for an expert or at least a very well informed amateur, not a beginner.
It is not an easy way to make money – just an easy way to lose money as with all gambling. A recent piece of research showed that home investors who trade options made on average only 20% of the profits of those investors who steered clear of options.
The Banks and PPI
We’ve all had hundreds of cold calls about PPI (payment protection insurance) and this has been going on for years. Millions of people have had their PPI cost refunded by the banks, credit companies and 3rd party brokers who have had to pay back over £26 billion so far.
How did this happen? The banks and others got too greedy and were happy to insist on insurance payments that could never benefit the loan taker. Although this injustice has been known for years, it is an example of supreme greed and stupidity by bankers and is still relevant today.
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