Half of Madoff "Victims" Didn't Actually Lose Money

Half of Madoff "Victims" Didn't Actually Lose Money

Most investors who put money into Bernard Madoff’s funds over the decades he was in business came up losers when the house of cards collapsed. Some, however, lost more than others. According to a new court filing, about half of the investors who had accounts in Madoff’s Ponzi scheme at the time it was shut down didn’t actually lose any of the original principal they put into the funds.

http://consumerist.com/2008/10/20/energy-scammers-are-still-stalking/

Energy scammers are still stalking the good people of Brooklyn, according to the Gowanus Lounge. Not only are they going door-to-door, but now they’re calling, too. Remember: if some stranger calls claiming that they are from a company you do business with and asks you to “confirm you account information,” tell them you’ll call them back at their usual number and hang up. [Gowanus Lounge] (Thanks, Chris!)

Yet Another Reader Scammed By FreeCreditReport.com

Yet Another Reader Scammed By FreeCreditReport.com

Here it is folks, your semi-annual reminder that FreeCreditReport is not free. Free credit reports can be found at AnnualCreditReport.com. FreeCreditReport.com is a pay site. As in you will be billed. As in not free.

Customers Claim That Wachovia Is Handing Out Counterfeit Bills

Customers Claim That Wachovia Is Handing Out Counterfeit Bills

Something shady may be afoot at a Central Florida Wachovia branch…two customers say that a teller gave them counterfeit bills, according to Local 6 news in Orlando. The bank is refusing to give them a refund, claiming that they have no way of knowing if those counterfeit bills are the same ones the teller gave out, but Local 6 says that they’ve learned that Wachovia previously gave a customer with a similar story a refund.

Shady Energy Resellers Stalk Hallways Of Brooklyn

Shady Energy Resellers Stalk Hallways Of Brooklyn

A reader writes: “Another day, another energy scammer in Brooklyn. This was the most misleading one yet—a man was walking around and banging on every door up and down the hallways of my building—identifying himself as having been “sent by building management about our ConEd bill.” So I ran and got my video camera, which also serves as a digital voice recorder. Here is the conversation…The gentleman vacillated between telling the truth, misleading me and completely lying.”

1-800-Flowers Sends Box Of Chocolate Peanuts From Walmart For $14.99

1-800-Flowers Sends Box Of Chocolate Peanuts From Walmart For $14.99

When I ordered flowers for my wife, I added a $14.99 box of chocolates, but got an .88 cent box of peanuts

Chase: By Cashing This $9.25 Check You Agree To Give Us $59.99

Chase: By Cashing This $9.25 Check You Agree To Give Us $59.99

Reader Aaron writes in to complain about a “scam” that he can’t believe is legal. Many of you know about this little marketing tactic, and we’ve written about it before, but some of you probably do not.

Who Gives Money to the Homeless?

Who Gives Money to the Homeless?

Blunt Money has opened up an interesting thread about giving (or not giving) to beggars. Some of the comments bring back memories:

Connecticut Sues Best Buy For Tricking Customers With Secret Internal Website

Connecticut Sues Best Buy For Tricking Customers With Secret Internal Website

The Connecticut Attorney General has announced a lawsuit against Best Buy in regards to a secret internal website that is identical to their public website except for the prices. Consumerist has received reports of this website being used to attempt to trick our readers as recently as March 19, 2007.

Beware: CompUSA's 'In-Store Pick-Up' Is A Scam

Beware: CompUSA's 'In-Store Pick-Up' Is A Scam

Kevin purchased two DVD and CDR spindles using CompUSA’s “In-Store Pick-Up” option; when he got to the store, the price doubled. Kevin had already handed over his credit card information and had a printed receipt. Why did the price double?

Jiffy Lube's Underhanded Charges

Jiffy Lube's Underhanded Charges

Jiffy Lube charged Carlo for an oil change. They even warned his car suffered from a transmission fluid leak and an excessive oil leak. Only one problem: They hadn’t looked at the car.

When I came back, they told me that my car was ready and even pointed out that my car had a transmission fluid leak and excessive oil leak. They even said that they replaced my filters and window wipers. I agreed to the charges and paid for it. After five minutes, the cashier comes back and tells me that my car hasn’t been serviced, yet.

Carlo’s car was a chameleon. They thought the car was green, even though Carlo told them it was “bluish-green.” Well, that explains everything. Carlo had been a Jiffy Lube customer for six years. Now, he will service his car elsewhere.

TigerDirect: 2GB Flash Drive For $1.99 After Rebates, $171.98 After Thirty Days

TigerDirect: 2GB Flash Drive For $1.99 After Rebates, $171.98 After Thirty Days

TigerDirect.com sold Chudacek a 2GB flash drive for $1.99, without warning that after thirty days, the price would skyrocket to an astounding $171.38. Included with the drive “[for] a limited-time only [the] opportunity to try [CA] Internet Security Suite 2007.” We have warned against rebates, but even we were caught off-guard by the note on TigerDirect’s packing slip. Limited-time, indeed.

At $2 (after rebates) for 2 GB, I thought it was a deal I couldn’t refuse. I would just format the flash drive to get rid of the pre-loaded software and I’d be in good shape.

Buzz Telecom Good At Confusing Ancient People From Iowa

The Iowa Attorney General is warning people that they may have been fooled by an Indiana-based phone company.

Furniture Tags Lie About Materials

Furniture Tags Lie About Materials

“The federal government used to set specific standards for furniture labeling, but dropped the rules four years ago after the industry complained the standards were outdated.”

CompUSA PS3 Bundle Turns Out to Be A Scam

CompUSA PS3 Bundle Turns Out to Be A Scam

Did Mary get her TV or her PS3? Nope. The staff told her there was a priority list for the PS3, but couldn’t tell her if she was on it. Then, after Mary left the store TV-less and PS3-less she got a telephone call from the store manager, who informed her:

EXCLUSIVE: DefendMyStreet.Com Substantively Linked To Spammers

It looks like DefendMyStreet.com may indeed be exploiting Denver suburbanite’s fears about sex offenders to collect their email addresses and spam them. Reader Loy, who fights spam for a living, sends us the result of his probes.

Nigerian Email Scammers Go Postal

Nigerian Email Scammers Go Postal

What happens when the ubiquity of Nigerian email scams gets to the point when even trusting myopic grannies start wildly flipping the double deuce at the screen when they see yet another “URGENT ASSISTANCE FROM MR. KOBE UBUNTU” email in their inbox? They bring it down a notch on the luddite ladder:

New Homeless Sign: Will Die for Food

New Homeless Sign: Will Die for Food

A Double Indemnity for the skid row set, a pair of golden grannies have been arrested in a homeless life insurance scam nothing short of diabolical. You won’t wash the taste of this one out your mouth with a bottle of discount lighter fluid anytime soon.