• THE BANKERS In the days when banks were trusted to meet the every day financial needs of ordinary people, men and women in suits pulled off one of the biggest cons in modern history. Motivated by greed, they applied surcharges to mortgage, personal loan and credit card agreements in the form of Payment Protection Insurance - commonly known as PPI. While some financially stressed consumers felt obliged to pay the premiums,

    fearful their loan applications would be turned down if they didn’t sign up, others were completely unaware that hidden charges were pushing up their monthly repayments. For years, banks were making huge fortunes with the money-spinning sideline - applying unnecessary insurance products to different forms of debt. Payment Protection Insurance was more profitable than car and home insurance and it was aggressively sold to unsuspecting

    borrowers. Unlike some scams which target only the vulnerable in society, the PPI scandal affected predominantly those of working age and from all social classes and backgrounds. And, because bankers don’t look like Arthur Daley or Nick Cotton, consumers fell for the con hook, line and sinker. In many cases, the insurance was mis-sold because it was: Not needed. Not asked for. Unsuitable for the needs of the borrower. Had hidden

    clauses that rendered it worthless. Was applied without the consumer knowing. In 2008, two years after the first bank was fined for the mis-selling of Payment Protection Insurance, it was estimated that around 20 million people in the UK were paying some form of PPI - and 40 per cent now claim they had no idea they had signed up to it. IWhat is clear is that a vast number of those who paid Payment Protection Insurance did not ask for or

    want it. Some were told their loan application would stand a greater chance of approval if they took out the insurance, which was a lie.   Please download to read more.


    Antoni Muldoon PPI Insurance Scam

  • THE BIGGEST SCAM? The Ponzi scheme has been conning investors with little knowledge of the financial investment industry out of their hard-earned cash for more than 100 years.  It came to modern-day prominence  when  the  former  NASDAQ chairman Bernie Madoff stunned regulators by admitting that the wealth management arm of his previously respected Wall Street business was, in fact, an elaborate con. The fraud, the

    biggest of its kind in history, was uncovered in 2008 after Madoff’s own sons grassed him up to the authorities.     SNARED - a police mugshot of con artist Bernie Madoff     It was later established that the complex fraud, one of the most elaborate Ponzi schemes ever detected, swindled around 4,800 clients out of a staggering $64.8billion. The ensuing investigation also uncovered the

    biggest ever case of accounting fraud. Madoff’s arrest and subsequent conviction had a ripple effect in the business world - even causing some companies to temporarily close. He was so well-respected on Wall Street and further afield that, at first, people could not believe his guilt.     Madoff pleaded guilty to 11 federal crimes and admitted running the largest private Ponzi scheme in history. He was sentenced in 2009 to

    150 years in jail and ordered to pay restitution of $170billion. Madoff almost got away with his crimes. His investments were shrouded in secrecy - something his investors came to falsely believe was a testament to his shrewdness. But when the veil of secrecy was lifted, he was exposed as little more than a crook. It had all been a ‘robbing Peter to pay Paul’ con.     In the way of a classic Ponzi scheme, Madoff’s early

    investors were paid off by cash taken from later investors. Some did quite nicely out of the scam. So long   as Madoff could attract new investors, the scheme was safe. But, when the financial markets  collapsed,  investors  withdrew from  the  scheme  and  the whole thing came tumbling down, exposing Madoff as a greedy snake with not a shred of decency.     Tracking down Madoff’s hidden billions turned

    into a job and a half for the authorities - the conman had used every trick in the book, and some that weren’t, to conceal the cash. He siphoned off the money in such elaborate ways that the paper trail was hard to fathom. However, at least $11billion was eventually recovered.     His victims paid a heavy price for being taken in by the scam. One, the co-founder of a fund that invested $1.4billion in the Ponzi scheme,

    allegedly committed suicide in his Manhattan office - not too far from Madoff’s office building. The death occurred as distraught investors looked for ways to be reunited with their stolen cash.     Ultimately, Madoff too paid a high price for his crimes - destined to spend the rest of his life behind bars, his two sons would die before him. One took his own life and the other succumbed to cancer. The former sprinkler

    installer, who borrowed cash from his in-laws to start his own business, may have risen to the very top but fell an awful long way into the gutter when the curtain came down on his crooked empire.     Warning signs that were ignored by regulators in the run-up to Madoff’s fall from grace have been picked to pieces and examined ever since the scam came to light.       THE FIRST PONZI

    SCHEME Charles Ponzi, whose name is synonymous with the scam, was not the first crook to implement the ‘robbing Peter to pay Paul’ fraud. A New Yorker called William Miller is widely believed to have used the same tactics in 1899 when he swindled trusting investors out of a cool $1million - worth a whopping $25million in today’s money.     Bookkeeper Miller claimed to have insider knowledge on how

    profitable companies operated, giving him the edge on stocks and shares, and offered massive returns on investments to hook his victims in. He was nicknamed ‘520 per cent’ - a reference to the huge rate of return he offered his backers. He told naive investors he could turn the profit around in 12 months. What he didn’t tell them, of course, was that whatever they received - if they received anything at all - came from subsequent investors

    and not from profitable investments on the stock market.     Ordinary people who handed over their life savings lost everything to the scheme. What started out as a trick carried out on his friends went on to earn Miller a massive fortune.   Please download the book to read.


    Antoni Muldoon The History of the Ponzi Scam

  • Dating Site Scams Pros and Cons The main reason people use dating sites is to find the love of their life; they may have broken up with a long-term partner, the parent of their child or their partner has sadly passed away. Whatever the reason may be, people use dating sites to meet the next love of their life; someone to love, adore and share the rest of their life with. The downside to using dating sites

    is that you put yourself into a vulnerable position, sometimes people become so desperate for love that they will follow their heart and ignore their brain in the hope that the person they are talking to really is as madly in love with themselves and they are in them. How Do Dating Sites Work? The dating site works as a place where people can upload a photo, write a few details about themselves including their age, job, interests and

    hobbies and then get chatting with likeminded people. The dating sites do not check who the people are that sign onto the dating websites. Things like photos, names and identities are not confirmed and therefore you really could be talking to anyone on a dating site.   Please download the book to read more.


    Antoni Muldoon Dating Sites Exposé

  • This Book – No 5 – Big Book of Little Scams has taken the book market by storm. This time we have moved on from covering one single scam, to covering lots of little ones. The scams may be little but the damage they cause is far from little so this book is a must for your library. It contains scams you were not even aware were scams. Please download this book to read.


    Antoni Muldoon The Big Book of Little Scams

  • The Scam - It starts with an innocuous phone call and escalates into a nightmare "Hello Visa Card Services here." That simple little hello is going to lead you into a financial nightmare that you just wouldn’t believe could happen to you. How would I know what was coming? Because I am the one who made that first phone call, well not always me, sometimes one of the guys I worked with. We were a good little team or should I

    say bad little team. So here is how it goes down: The person calling you will sound very professional and will inform you that there have been numerous fraudulent transactions on your bank account since late last night adding up to over £2,000. I doubt you have ever heard of Visa Card Services before but it sounds really professional, so no reason to doubt the caller. The caller will confirm that the last withdrawal you made was at such and

    such a bank and for such and such an amount, give you a genuine reference number and tell you to ring the number on the back of your bank card. He will stress that you should hang up and call the number back immediately. Of course you are going to do it straight away, someone is stealing your money after all. So you make the call, quote the reference number and speak to someone who knows all about the alleged fraud. The crooks had apparently

    cloned your card and were now merrily treating themselves to as much as they could get, in as many stores as they could cover. Although you will be a little bit skeptical, the evidence is overwhelming that you have been robbed and are still being robbed. The person you were on the phone with and who was apparently helping you, a Mr. Ryan Clark, who was according to him, the head of the card protection division for Visa. He had all your personal

    details including your full name, your birthdate and more importantly your full address. So you would never doubt that he was anybody but who he said he was. He will tell you that they had dispatched a courier to your house to collect the credit card and he would take it away to be examined. You won’t be over the moon about handing over your credit card but when he said it was necessary to analyse the chip, it will seem like the right thing to

    do. Don’t forget you were the one who called the bank and he knew everything about you when he called. After all, you had called the bank yourself, this was no cold call, and he had your full details already. Enough to convince you to type your pin number into the keyboard on your mobile phone. He will tell you not to worry, that they cannot see the number but inputting it was enough to do a pin block. You may question what you are being told

    to do but by now you are so far in that you are becoming a believer. So you package up your card as requested and patiently wait for the courier to arrive. While you are waiting, Ryan will call you back a few more times, just to reassure you and keep you from thinking too much. Normally just to say the courier was five minutes away, then to tell you he was pulling up outside. He will give you the car registration and tell you to check it before

    you hand over your card. He may even describe the driver. At least you are feeling happier now you know that your money is in safe hands. The last thing Ryan will do, before he hangs up is to assure you that everything will be okay and that he will ring you back later that afternoon. Ryan, true to his word will call you in the afternoon, to confirm they have the cards in their safe little hands and your money would be back in your account within

    a few days. You will be so impressed by the efficiency of Ryan and his team that no matter what happens, you never for one minute believe that you are being scammed and even though the crooks were still using your card, you had faith that Ryan and his team had your back covered. Ryan would make a point of calling you at least twice every day, to assure you that even though the crooks were maxing out you card, it was all part of the plot to

    capture them and you would not lose a single penny. Also he would be thanking you for your help and telling you how it would save a lot of people money in the long run. Then suddenly Ryan will stop calling and it will suddenly dawn on you that you have been well and truly shafted. Now you will do what you should have done at the beginning and call your bank. The crooks will no longer have control over your phone but call from another line or

    your mobile would be the best way to go. Please download to read more.


    Antoni Muldoon Courier Scams Exposé

  • Pros and Cons There are benefits to owning a timeshare, especially if you take lots of holidays each year. But the benefits decrease as the years pass and the reasons for the original purchase pass with time. One of the problems is that, as people get older, they tend to take less and less foreign holidays. One of the main benefits to buying a timeshare holiday is the opportunity to swap your week/weeks from the resort you

    purchased with other comparable resorts around the world. As the timeshare business grew, the need to build and maintain the industry grew with it. Obviously, in the early days, there were no resorts to exchange with but the growth was phenomenal. What is a timeshare and how does it apply to the holiday industry? Timeshare is a way of holidaying, supposedly an improvement on the traditional ways. It basically means that,

    for an upfront fee and an annual maintenance cost, you can own holidays for the rest of your life. Timeshares are normally bought in one week increments and you can buy as many weeks as you want or can afford. A lot of people buy just one week but as people normally take their holidays two weeks at a time, it makes sense to buy two. On paper it seems to be a very good way of buying and planning your holidays for years to come. It stands to

    reason that buying at today’s prices will make future holidays much cheaper. Due to inflation, prices only ever go up. How the Exchange System Works? Please download to read more.


    Antoni Muldoon Timeshare Exposé