A lawsuit has been filed against Yahoo by shareholders who say Yahoo’s board of directors have put shareholders’ finances at risk. They are angry that Yahoo turned down Microsoft’s offer to purchase the company for $33 a share; Yahoo representatives had said it was worth $37. But before talks of a sale began, Yahoo shares were trading for just $19, so to shareholders, the buyout would have been a huge gain.
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In an age where identity theft and other scams are prolific, seniors are targeted much more frequently than most other groups. Whether these scams claim to provide medicare discount cards, donations to charities, prizes, or cheap drugs, they all are directed at seniors who have a lifetime of savings to lose. One Western Illinois group is trying to help.
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The IRS is warning consumers of emails and phone calls claiming to be from their agency. The first round of scam warnings went out in the time right before most people were expecting their income tax returns. Now, the Economic Stimulus Payments are the source of the fraud warning.
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Canadian telemarketers are being fined $4,997,695.60 by the U.S. Federal Trade Commission for practicing telemarketing fraud on United States Consumers. The FTC says that three men and a handful of companies were involved in scams that required consumers to pay advance fees (up to $316) to receive credit cards, cell phones and computers– none of which were ever delivered to the American consumers.
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