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Word: scamming (lookup in dictionary) (lookup stats)
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...pretending to be Facebook. This is what happened last week, when scammers unleashed a new attack on Facebook, collecting users' log-in information and passwords and pilfering victims' "friends" lists to target the next dopes. Listen up, people: Although Facebook has a reputation for Internet security - it identified the scam within hours, and the ripple effects only lasted for a couple days - at 200 million members and counting, the size and popularity of the social-networking site has made it the object of increasing attention from hackers and spammers. And if last week is any indication, it's only going...

Author: /time Magazine | Title: The Downside of Friends: Facebook's Hacking Problem | 5/5/2009 | See Source »

...masterminded the theft as part of a scheme to sell six meticulously forged versions of Mona Lisa to six gullible millionaires. Each would be duped into believing he had secretly bought the picture that had just been famously stolen from the Louvre. But in order to carry out the scam, it was necessary to pull off a highly publicized theft of the real picture. De Valfierno claimed that the scheme netted him millions, and that Peruggia has been well paid for his part, but had kept the original, thinking he could sell that...

Author: /time Magazine | Title: Art's Great Whodunit: The Mona Lisa Theft of 1911 | 4/27/2009 | See Source »

...past, a man like him might have been happy to settle into his seat at the high table of Kenyan politics. Instead, the former journalist uncovered a far-reaching scam extending to the highest levels of his party and then publicized it, thus becoming the first senior official in Africa to blow the whistle on his own government. The story of his struggle to do so, told in Michela Wrong's new book It's Our Turn to Eat, provides a rare insider's look at corruption in a developing society. It also shines an unflattering light on the complacency...

Author: /time Magazine | Title: Eating in Africa | 4/27/2009 | See Source »

...Florida officials are making their own surge, which is only fitting given that appallingly lax state oversight earlier in the decade allowed just about any crook to become a mortgage broker. Five people were busted in Miami on Thursday in a $4.5 million straw buyer scam. Florida Attorney General Bill McCollum this month filed a civil lawsuit against a number of alleged loan-modification scam artists on behalf of scores if not hundreds of people, most of them facing foreclosure, who claim they paid upfront fees as high as $3,000 to have their mortgage terms improved so they could...

Author: /time Magazine | Title: Mortgage-Fraud Crackdown Gathers Steam in Florida | 4/18/2009 | See Source »

Most of the CBL contracts with German municipal authorities were concluded in the late '90s. After a while, the IRS caught on to what was clearly a tax scam on the part of the American investors. The tax write-off applied to purchases of foreign infrastructure assets. But the German assets were not purchased; they were being leased. So in 2004 the loophole was closed...

Author: /time Magazine | Title: German Cities Suffer in the U.S. Financial Crisis | 4/9/2009 | See Source »

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