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The world is full of scammers who are geniuses at separating you from your money. Older adults are too often targeted, but you can protect yourself. Steve Weisman of Scamicide has warnings and tips.Brought to you by NEXTVillageSF.orgNEXT Village SF is a neighborhood nonprofit providing services and support that empowers members to live independently.
Michael Harrison interviews attorney, cyber-crime fighter and Scamicide.com founder Steve Weisman.
Michael Harrison fills in for Grace on this Christmas Eve Junior. Michael hates scam artists, telemarketers, all of the above! During this holiday season and in the midst of the Sam Bankman-Fried scandal, Michael welcomes Steve Weisman, Scamicide host and professor at Bentley University. Weisman calls his area of expertise "white collar crime" and enlightens listeners on the ins and outs of scummy financial dealings.
Some believe Ponzi schemes are doomed to fail. But with a sophisticated schemer and a broad enough base of people, they might just be able to keep it going. In honor of Charles Ponzi’s birthday, we talk about the history of the Ponzi scheme and some of the amazing stories of how they’ve been exposed and ways to see them coming. Today’s guest is Steve Weisman. Steve is a nationally recognized expert in scams and identity theft as well as a lawyer, college professor, and prolific author. His informative speeches, articles, and books make difficult subjects not only understandable, but enjoyable with the humor he brings to these complex issues. Steve is passionate about educating people through his website Scamicide.com. Show Notes: [1:16] - Steve has a personal backstory with a Ponzi scam because his father became the victim of one several years ago. His father was an astute businessman and the people involved with it seemed very honest. [1:50] - Steve also became a victim of identity theft himself and then wanted to help others not have the same problem. [2:29] - After WWI, Charles Ponzi came up with a plan to make money. Steve admits that it is very hard to explain and that is the key to a Ponzi scheme. [3:45] - Schemers blamed their victims for falling for the scheme. They claimed that they deserved what happened because they weren’t smart enough. [4:58] - Steve describes how Charles Ponzi used the money from investors and shares why a more recent scheme in 2008 was successful. [5:46] - In the case of Charles Ponzi, law enforcement didn’t bring him down. The media did. [6:29] - Ponzi did spend time in prison and was kicked out of the country. He went back to Italy and actually scammed Mussolini. [8:04] - Ponzi was probably not the first person to scam this way. In Steve’s research, there was an earlier scam by a woman named Sarah Howe in the 1870s. [9:42] - Upon being released from prison, Sarah went back to her old ways and developed the same exact scam. [10:16] - Steve shares the story of Brad Bleidt to illustrate the term “affinity fraud.” Brad was a Mason and other Masonic groups trusted him. [11:01] - Sarah Howe targeted women. Brad Bleidt targeted other Masons. Bernie Madoff targeted mostly other Jewish people. We trust those who are like us. [12:21] - Steve shares a story about how Bernie Madoff was actually found out much earlier and reported multiple times. [14:10] - This is not just an American phenomenon. A massive Ponzi scheme in Romania took down most of the nation’s economy. [14:43] - When you deal with any kind of investment, you want to check out two things. The first thing is the person you’re dealing with. The second thing is to fully understand what you’re investing in. [15:28] - People like Madoff and Bleidt would be an investment advisor and the person who holds the investment. Most of the time, you want your investment advisor and custodian as separate people. [17:13] - Chris asks a new question of the guest and Steve says it is a very important question. Do these schemes start out as frauds to begin with or do they evolve into it? [19:10] - Some schemers don’t start out that way. They need a little bit more money or time and before they know it, they’re in too deep. [20:03] - Steve points out that Bernie Madoff may have been able to get away with his scheme forever if it weren’t for the unprecedented economic issues in 2008. [21:42] - Bernie Madoff was never actually caught. He knew he was about to be caught and turned himself in. Steve shares the interesting facts of the case and where the money wound up. [24:29] - Ultimately, the money invested with Madoff was able to be returned to investors. But this is unusual. Most of the time, the money is dissipated. [25:08] - Ponzi schemers will appear very successful and wealthy when in reality they are dissipating the funds that they get to appear that way. [27:35] - In addition to living lavish lifestyles, some schemers may have issues with gambling. [28:23] - Steve shares the story of a Ponzi schemer in Florida who was a lawyer. He was a fixture of the high life in South Florida. [30:24] - There was a Texas scammer that owned a bank in the Caribbean selling CDs at high rates. Rather than Ponzi, this was similar to Madoff’s approach. [32:01] - Chris and Steve discuss the regulatory organizations that are intended to investigate Ponzi schemes. [34:18] - If you feel like you are a victim of a Ponzi scheme, you need to report it to the SEC or the Federal Trade Commision. [35:10] - Investing all of your money into one thing is not a good idea, either. The markets go up and down. Diversification as much as possible is helpful. [36:01] - Steve references the recent GameStop stock that appeared to be a “pump and dump” scam but was not. [38:40] - You have to do your homework on investments. No one likes to do the research and the homework, but it can be detrimental if you do not. [39:53] - In reference to the GameStop stock, Steve explains that when investors were “sticking it to the man,” they were impacting hedge funds. [41:05] - Steve is a big believer in investing but clarifies that day trading is not investing, but rather gambling. [43:03] - Chris and Steve sum up the red flags to look for to avoid being a victim of a Ponzi scheme. Thanks for joining us on Easy Prey. Be sure to subscribe to our podcast on iTunes and leave a nice review. Links and Resources: Podcast Web Page Facebook Page whatismyipaddress.com Easy Prey on Instagram Easy Prey on Twitter Easy Prey on LinkedIn Easy Prey on YouTube Easy Prey on Pinterest Scamicide Home Page Books by Steve Weisman Scamicide on Facebook
As if the coronavirus pandemic were not bad enough, it has spawned another epidemic. Testing and treatment scams, product delivery scams, tax identity theft, and a multitude of new and creative ways to get people to divulge private information or click on sites that load malware, ransomware, and other dangerous software onto their devices are on the rise. As our guest, Steve Weisman says, “Things aren’t as bad as you think, they are far worse.” But don’t despair. Steve joins Torchlight’s Eldercare Illuminated host, Lenore Tracey, and Exceptional Parenting Podcast host, Stefanie Boucher, for a discussion of what to beware of and how to avoid the clever ways these thieves seek to undermine our digital security. Steve alerts us to attacks and identity theft based on use of websites and apps targeted at students, younger children, seniors, and employees; he offers some surprising insights about how criminals are exploiting the tools and applications we use every day.Steve has helpful strategies to share for all of us — adults and kids of all ages. Check out his website, Scamicide.com, for regular updates on new scams and how to protect yourself and your loved ones.About Our Guest:Steve Weisman, JD is an attorney admitted to practice before the United States Supreme Court, college professor at Bentley University, and nationally recognized expert on scams, identity theft and cybersecurity. He appears regularly in the media to share his knowledge and ideas for staying one step ahead of the bad guys.You can find Steve’s books on retirement planning and digital security on Amazon. Learn more about identity theft attacks based on use of Facebook, iPad, iPhone, Android, cloud apps, iPod, and other new technologies — and shows you how to protect yourself, or how to fix the damage if you've already been attacked!
As if the coronavirus pandemic were not bad enough, it has spawned another epidemic. Testing and treatment scams, product delivery scams, tax identity theft, and a multitude of new and creative ways to get people to divulge private information or click on sites that load malware, ransomware, and other dangerous software onto their devices are on the rise. As our guest, Steve Weisman says, “Things aren’t as bad as you think, they are far worse.” But don’t despair. Steve joins Torchlight’s Eldercare Illuminated host, Lenore Tracey, and Exceptional Parenting Podcast host, Stefanie Boucher, for a discussion of what to beware of and how to avoid the clever ways these thieves seek to undermine our digital security. Steve alerts us to attacks and identity theft based on use of websites and apps targeted at students, younger children, seniors, and employees; he offers some surprising insights about how criminals are exploiting the tools and applications we use every day.Steve has helpful strategies to share for all of us — adults and kids of all ages. Check out his website, Scamicide.com, for regular updates on new scams and how to protect yourself and your loved ones.About Our Guest:Steve Weisman, JD is an attorney admitted to practice before the United States Supreme Court, college professor at Bentley University, and nationally recognized expert on scams, identity theft and cybersecurity. He appears regularly in the media to share his knowledge and ideas for staying one step ahead of the bad guys.You can find Steve’s books on retirement planning and digital security on Amazon. Learn more about identity theft attacks based on use of Facebook, iPad, iPhone, Android, cloud apps, iPod, and other new technologies — and shows you how to protect yourself, or how to fix the damage if you've already been attacked!
As if the coronavirus pandemic were not bad enough, it has spawned another epidemic. Testing and treatment scams, product delivery scams, tax identity theft, and a multitude of new and creative ways to get people to divulge private information or click on sites that load malware, ransomware, and other dangerous software onto their devices are on the rise. As our guest, Steve Weisman says, “Things aren’t as bad as you think, they are far worse.” But don’t despair. Steve joins Torchlight’s Exceptional Parenting Podcast host, Stefanie Boucher, and Eldercare Illuminated host, Lenore Tracey, and for a discussion of what to beware of and how to avoid the clever ways these thieves seek to undermine our digital security. Steve alerts us to attacks and identity theft based on use of websites and apps targeted at students, younger children, seniors, and employees; he offers some surprising insights about how criminals are exploiting the tools and applications we use every day.Steve has helpful strategies to share for all of us — adults and kids of all ages. Check out his website, Scamicide.com, for regular updates on new scams and how to protect yourself and your loved ones.About Our Guest:Steve Weisman, JD is an attorney admitted to practice before the United States Supreme Court, college professor at Bentley University, and nationally recognized expert on scams, identity theft and cybersecurity. He appears regularly in the media to share his knowledge and ideas for staying one step ahead of the bad guys.You can find Steve’s books on retirement planning and digital security on Amazon. Learn more about identity theft attacks based on use of Facebook, iPad, iPhone, Android, cloud apps, iPod, and other new technologies — and shows you how to protect yourself, or how to fix the damage if you've already been attacked!
As if the coronavirus pandemic were not bad enough, it has spawned another epidemic. Testing and treatment scams, product delivery scams, tax identity theft, and a multitude of new and creative ways to get people to divulge private information or click on sites that load malware, ransomware, and other dangerous software onto their devices are on the rise. As our guest, Steve Weisman says, “Things aren’t as bad as you think, they are far worse.” But don’t despair. Steve joins Torchlight’s Exceptional Parenting Podcast host, Stefanie Boucher, and Eldercare Illuminated host, Lenore Tracey, and for a discussion of what to beware of and how to avoid the clever ways these thieves seek to undermine our digital security. Steve alerts us to attacks and identity theft based on use of websites and apps targeted at students, younger children, seniors, and employees; he offers some surprising insights about how criminals are exploiting the tools and applications we use every day.Steve has helpful strategies to share for all of us — adults and kids of all ages. Check out his website, Scamicide.com, for regular updates on new scams and how to protect yourself and your loved ones.About Our Guest:Steve Weisman, JD is an attorney admitted to practice before the United States Supreme Court, college professor at Bentley University, and nationally recognized expert on scams, identity theft and cybersecurity. He appears regularly in the media to share his knowledge and ideas for staying one step ahead of the bad guys.You can find Steve’s books on retirement planning and digital security on Amazon. Learn more about identity theft attacks based on use of Facebook, iPad, iPhone, Android, cloud apps, iPod, and other new technologies — and shows you how to protect yourself, or how to fix the damage if you've already been attacked!
Michael Harrison interviews Steve Weisman, noted law professor at Bentley University in Boston and publisher of Scamicide.com, about the dangers to our privacy, security and finances presented by the technological advances of the digital era.
Identity theft is a very modern peril. As such many people remain woefully uninformed about this frightening topic. Well worry not, here with Francesca this week is Steven Weisman. He is the creator of Scamicide.com, a website detected to informing the public about the dangers of online scams and identity theft. Steven is here this week to tell you all about how anyone, young or old, can fall victim to these deceptions and what you can do to protect yourself.
Host Justin Barnes', aka @HITAdvisor, guest is cybersecurity expert, Steve Weisman – www.scamicide.com. @Scamicide This episode details what happened with ransomware attack, Wannacry and also how to protect yourself in the future with best practices.
Justin s guest is Cybersecurity expert, Steve Weisman, of Scamicide. Steve returns to detail what happened with ransomware attack, Wannacry and also how to protect yourself in the future with best practices. The post Steve Weisman of Scamicide appeared first on Business RadioX ®.
Guest is Steven Weisman, attorney, author, and leading expert on cybercrimes. Hear Justin and Steve discuss healthcare identity fraud and how to protect yourself as an organization and as a patient. Learn more at Scamicide. The post Steven Weisman with Scamicide appeared first on Business RadioX ®.
Host Justin Barnes', aka @HITAdvisor, guest is Steven Weisman, an attorney, author and leading expert on cybercrimes. We discuss healthcare identity fraud and how to protect yourself as an organization and as a patient. www.scamicide.com
Michael Harrison discusses cyber-crime and other dangers of the digital era with leading expert Steve Weisman of Scamicide.com.
Scott and Leonora discuss the CNBC Republican Debate and the upcoming Fox Business News Debate with psychologist Barbara Borowsky. Program also includes interview with Steve Weisman of Scamicide.com about identity theft.
Scott Adams and Leonora Cravotta interview Steve Weisman of Scamicide.com about Identity Theft. Program also covers the recent Russian aggression in Syria and much more.
Scott Adams and Leonora Cravotta discuss Vladimir Putin and Russia'a aggression in Syria to defeat ISIS. Program also includes interview with Steve Weisman of Scamicide about identity theft.
Today we'll discuss Vladimir Putin's Russian aggression in Syria to attack ISIS, resolve the refugee crisis, and seize the power grab opportunity that Obama has squandered by leading from behind. We'll also welcome to the Scott Adams Show Steve Weisman from Scamicide.com.
Today's show we continue our discussion with the editor of EagleRising.com Onan Coca (Part 2) and discuss identity theft with Scamicide.com founder Steve Weisman.