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Currency Scam in Great Falls, MT

A Helena judge has issued a temporary restraining order against Richard Converse, a Great Falls tax practitioner, and his business, DC Tax Services, Inc., alleged to have operated a foreign currency scheme that involves 400 people - including 200 in Montana.  Converse allegedly recruited people to invest in the the Dong (Vietnamese currency) and the Dinar (Iraqi currency) on the promise the foreign currency would soon soar in value.  Victims were allegedly told they were buying the currency through a fictitious Bozeman bank (Victorious Financial Bank) with a situs in Belize and were asked to fill out paperwork imprinted with the name of Fidelity Investments. Read the story from the Great Falls Tribune here.

Refund and Recovery Scams

Scam artists buy and sell "sucker lists" with the names of people who already have lost money to fraudulent promotions. These crooks may call you promising to recover the money you lost or the prize or merchandise you never received — for a fee in advance. That's against the law. Under the Telemarketing Sales Rule, they cannot ask for — or accept — payment until seven business days after they deliver the money or other item they recovered to you.

Phone Scams - How to Indentify and Handle Them

Every year, thousands of people lose money to telephone scams — from a few dollars to their life savings. Scammers will say anything to cheat people out of money. If you get a call from someone you don’t know who is trying to sell you something you hadn’t planned to buy, say "No thanks."

First Bitcoin Fraud Case

The federal government announced its first bitcoin securities fraud case, accusing a Texas man (Trendon Shavers) of engineering a Ponzi scheme by getting people to turn over their bitcoins for promises of high interest rates and the ability to recoup their investments at any time.

Beware Free Trials

Companies use “buy-one-get-one-free” promotions or offer a free month’s supply for a small shipping and handling fee to persuade people to hand over their account information.

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