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МММ was a Russian company that perpetrated one of the world's largest Ponzi schemes of all time. By different estimates from 5 to 40 million people lost up to $10 billion. The company started attracting money from private investors, promising annual returns of up to 1,000%.
Phone hacking. Phone hacking is the practice of exploring a mobile device, often using computer exploits to analyze everything from the lowest memory and CPU levels up to the highest file system and process levels. Modern open source tooling has become fairly sophisticated to be able to "hook" into individual functions within any running app on ...
Scam. A scam, or a confidence trick, is an attempt to defraud a person or group after first gaining their trust. Confidence tricks exploit victims using a combination of the victim's credulity, naïveté, compassion, vanity, confidence, irresponsibility, and greed. Researchers have defined confidence tricks as "a distinctive species of ...
The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008. [1] In December of that year, Bernie Madoff, the former Nasdaq chairman and founder of the Wall Street firm Bernard L. Madoff Investment Securities LLC, admitted that the wealth management arm of his business was an elaborate multi-billion-dollar Ponzi scheme.
The Oil-for-Food Programme ( OIP) was established by the United Nations in 1995 (under UN Security Council Resolution 986) [ 1] to allow Iraq to sell oil on the world market in exchange for food, medicine, and other humanitarian needs for ordinary Iraqi citizens without allowing Iraq to boost its military capabilities.
The women's and men's singles champions will each receive $3.6 million, the U.S. Tennis Association announced Wednesday. The total compensation, which includes money to cover players' expenses ...
The Vanguard Growth Index Fund ETF comes with an attractive expense ratio of just 0.04%, a 30-day SEC yield of 0.42%, and a noteworthy 10-year average annualized return of 15.3%. The fund holds ...
Authorization hold (also card authorization, preauthorization, or preauth) is a service offered by credit and debit card providers whereby the provider puts a hold of the amount approved by the cardholder, reducing the balance of available funds until the merchant clears the transaction (also called settlement), after the transaction is completed or aborted, or because the hold expires.