Shaw Capital Management Warning

Notorious spam king Sanford Wallace is facing federal fraud charges for allegedly breaking into Facebook accounts and sending 27 million spam messages in 2008 and 2009.

Wallace, 43, allegedly used aphishing attack to steal usernames and passwords from victims and then used the stolen credentials to post spam to victims walls, the U.S. Department of Justice said. Wallace allegedly made money from the scam by driving Web traffic to affiliate marketing companies, who pay their members by the number of clicks they can deliver to websites.

The charges are outlined in an indictment, filed July 6 but made public Thursday after Wallace turned himself in to federal authorities.

Better Business Bureau of Southern Arizona is warning consumers against giving out personal information to unknown callers. Scammers have recently been using the name of legitimate law firms to trick victims across the country into giving out bank information, credit card numbers and other private information.



Victims report receiving calls from individuals using a fake name and an untraceable phone number, who say they work with a law firm in the victim’s area.

FORT LAUDERDALE, Fla. — Prosecutors say a family amassed $40 million in a fortune-telling scam, warning victims that if they didn’t follow their advice, terrible things would happen to them or their loved ones.
Details spilled out in federal court Friday after eight people were arrested earlier this week.
Assistant U.S. Attorney Laurence Bardfeld said victims who were going through vulnerable phases forked over cash, gold coins and jewelry. The defendants promised victims they wouldn’t spend the money, but then refused to return it.
The Sun Sentinel reported that one victim, a bestselling author, gave an estimated $20 million.
Citing “several sources,” the newspaper identified that victim as Jude Deveraux, author of dozens of New York Times bestsellers.
‘Operation Crystal Ball’
Authorities started investigating in 2007 after a victim complained about losing $3,000.
The Sun Sentinel said other alleged victims included a person from Japan who handed over $496,000.
According to NBCMiami, the multi-agency, multi-state investigation was dubbed “Operation Crystal Ball.”
An attorney for one family member said the clan provided counseling for victims who had nowhere to turn.
The Associated Press and msnbc.com staff contributed to this report.

Notorious spam king Sanford Wallace is facing federal fraud charges for allegedly breaking into Facebook accounts and sending 27 million spam messages in 2008 and 2009.

Wallace, 43, allegedly used aphishing attack to steal usernames and passwords from victims and then used the stolen credentials to post spam to victims walls, the U.S. Department of Justice said. Wallace allegedly made money from the scam by driving Web traffic to affiliate marketing companies, who pay their members by the number of clicks they can deliver to websites.

The charges are outlined in an indictment, filed July 6 but made public Thursday after Wallace turned himself in to federal authorities.

Better Business Bureau of Southern Arizona is warning consumers against giving out personal information to unknown callers. Scammers have recently been using the name of legitimate law firms to trick victims across the country into giving out bank information, credit card numbers and other private information.



Victims report receiving calls from individuals using a fake name and an untraceable phone number, who say they work with a law firm in the victim’s area.

Shaw Capital Management Online was born from a rather unfavorable school project addressing the “How do you make a website user-friendly?” issue. Apparently, we have an uncanny knack in making something unlikable into something, er, more likable. We never really knew it’d be this big, but hey, why not make it official? So we launched SCM Online where we can share, not just the most popular, but the most interesting pieces of news at any given time.

Our team keep this website updated several times a day to keep up with fast-paced news updates worldwide.

Basically, we aim to be the most reliable news portal online that provides all the timely and engaging stories, mostly from the following niche: Technology, Finance and Lifestyle. We offer an alternative venue for users to view the latest news minus all the clutter.

We also accommodate active participation from our visitors (you!), so if you find something interesting, erroneous, terrible or inspiring, feel free to leave your two cents.

As the White House continues negotiations with congressional leaders over a budget deal this weekend, newly elected head of the International Monetary Fund Christine Lagarde says that she “can’t imagine for a second” that the United States would default on its debt obligations, saying it would be “a real shock” to the global economy if no agreement is reached.

“I can’t imagine for a second that the United States would default,” Lagarde told “This Week” anchor Christiane Amanpour in an exclusive interview. “But, clearly, this issue of the debt ceiling has to be resolved.”

Shaw Capital Management Online was born from a rather unfavorable school project addressing the “How do you make a website user-friendly?” issue. Apparently, we have an uncanny knack in making something unlikable into something, er, more likable. We never really knew it’d be this big, but hey, why not make it official? So we launched SCM Online where we can share, not just the most popular, but the most interesting pieces of news at any given time.

Our team keep this website updated several times a day to keep up with fast-paced news updates worldwide.

Basically, we aim to be the most reliable news portal online that provides all the timely and engaging stories, mostly from the following niche: Technology, Finance and Lifestyle. We offer an alternative venue for users to view the latest news minus all the clutter.

We also accommodate active participation from our visitors (you!), so if you find something interesting, erroneous, terrible or inspiring, feel free to leave your two cents.

Shaw Capital Management Online was born from a rather unfavorable school project addressing the “How do you make a website user-friendly?” issue. Apparently, we have an uncanny knack in making something unlikable into something, er, more likable. We never really knew it’d be this big, but hey, why not make it official? So we launched SCM Online where we can share, not just the most popular, but the most interesting pieces of news at any given time.

Our team keep this website updated several times a day to keep up with fast-paced news updates worldwide.

Basically, we aim to be the most reliable news portal online that provides all the timely and engaging stories, mostly from the following niche: Technology, Finance and Lifestyle. We offer an alternative venue for users to view the latest news minus all the clutter.

We also accommodate active participation from our visitors (you!), so if you find something interesting, erroneous, terrible or inspiring, feel free to leave your two cents.

Stocks posted a shard drop recently, with Dow Jones Industrial Average coming to a 4.3% fall while the Nasdaq also suffered a decrease of 5%.



At closing time, there were couple of locations left to be able to conceal. Silver, gold, precious metal, crude and produces from Treasuries all fell dramatically since traders seemed regarding security and were met by absolutely nothing aside from dropping prices. Over the actual final ten investing nights, stocks and shares lost over 10%, the traditional classification of a market alteration.



Today’s selling began inside Europe and also found heavy steam since American traders, already restless within the wake of the financial debt threshold ordeal, all of a sudden favored cash over all other assets. The particular selling started abroad, however we have much more as compared to our own share of issues in the United States also.



There is a mounting awareness amongst even the most upbeat traders that the US will be getting into a brand new recession — a feared “double-dip”. Adding to the discomfort will be the sense that the authorities, as well as Federal Reserve tend to be out of each suggestions and methods to be able to stimulate the market. Corporate America is on record amounts money, however it is actually refusing to create new opportunities with so small end demand for its products. Companies and consumers are usually amassing cash, wh...