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| November 18, 2018

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PG&E stock soars most since 2001 after regulator eases fears related to California fires

November 18, 2018 |

PG&E Corp. stock soared the most in 17 years after the head of California’s Public Utilities Commission said he can’t imagine allowing the utility to go bankrupt as it faces billions of dollars in potential liability from deadly wildfires.

PG&E was up about 35% at $ 23.92 a share around 9:15 a.m….


L.A. Times – Business

CNN

World’s most popular car gets redesigned

November 17, 2018 |

The world’s most popular car just got a makeover.
CNN.com – RSS Channel – World

78-Year-Old May Be the Most Prolific Serial Killer in the US

November 16, 2018 |

A 78-year-old man already serving three life sentences for murder may be one of the most prolific serial killers ever in the US. Samuel Little, convicted in 2014 of slaying three women in California in the late 1980s, has provided authorities from across the nation with information about more than…
Newser

Bitcoin ATMs Most Common Scam Payment Method in Australia

November 15, 2018 |

Bitcoin ATMs Now Most Common Scam Payment Method in Australia

The Australian Taxation Office (ATO) has warned taxpayers to be “on high alert” for phone scammers demanding payment through bitcoin ATMs. It said payments via BTC cash machines have now overtaken iTunes vouchers as the most common method of scam payment reported to the tax authority.

Also Read: IMF: Central Banks Could Issue Digital Currency

Tax Month November Is Prime Time for Fraudsters

Around one million Australians are due to pay their taxes to the ATO on Nov. 21. In a statement on Wednesday, ATO assistant commissioner Kath Anderson said fraudsters are growing increasingly sophisticated. They hope to exploit vulnerable people, often using aggressive tactics to swindle people out of their money or personal information, she lamented.

Bitcoin ATMs Most Common Scam Payment Method in Australia

“November is a prime time for scammers as they know lots of people have tax bills to pay. Be wary if someone contacts you demanding payment of a tax debt you didn’t know you owed,” Anderson warned.

She added that the tax collector “will never ask you to make a payment into an ATM or via gift or prepaid cards such as iTunes and Visa cards, or direct credit to be paid to a personal bank account.” If uncertain about the legitimacy of a call, Anderson advised taxpayers to “hang up and call us.”

 Bitcoin Scams on the Rise

Incidents of bitcoin scams are on the rise throughout the world. In November last year, police in Canada said more than 40 people had lost 300,000 Canadian dollars (U.S. $ 228,000) to phone scammers, who compel victims to make bitcoin ATM deposits on the threat of arrest for tax default.

Bitcoin ATMs Most Common Scam Payment Method in Australia

Similarly, a Canadian woman suing for $ 48,125 sent to a phone scammer over a bitcoin ATM lost her court case in October. A judge of the Charlottetown Provincial Court ruled that the fiat money deposited by the woman into the teller machine belonged to Instacoin ATM Canada Inc., owners of the digital cash dispensing unit.

In Australia, scammers have made off with $ 1 million Australian dollars (U.S. $ 720,000) since the beginning of July after fooling people over tax according to the ATO. During the period, the tax body attended to more than 28,000 reported cases of scam attempts.

Anderson, the tax office assistant commissioner, stated that ATO officials would never demand immediate payment of a debt, use aggressive or rude behavior, or threaten taxpayers with arrest. She said:

That’s just not how we do business. We understand that it can sometimes be difficult to pay tax bills on time, so we urge anyone who is worried about paying to contact us as soon as possible as there are a range of ways we can help.

Phishing for Financial Information

Australians with tax bills of under $ 72,000 have the option to set up a payment plan with the authority, said Anderson, warning people against sharing their personal information with strangers. Since July, about 6,000 taxpayers have given away their personal or financial information to fraudsters through phishing scams.

Bitcoin ATMs Most Common Scam Payment Method in Australia

“Your identifying information like tax file numbers, bank account numbers or your date of birth are the keys to your identity, and can be used by scammers to break into your life if they are compromised,” she warned. Some of the signs that give away scammers include aggressive or abusive behavior, threats of immediate arrest, and requests for payment through bitcoin ATMs or gift cards.

What do you think about the rising incidences of bitcoin ATM tax fraud in Australia? Let us know in the comments section below.


Images courtesy of Shutterstock.


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Bitcoin News

‘I Have the Most Terrible Thing to Tell You. They Killed Laura’

November 13, 2018 |

There’s a good chance you heard Peter DeMarco’s story. Or, at least, the first version of it. The Massachusetts man received national press after a heartfelt thank-you he wrote to the employees of CHA Cambridge Hospital was published in the New York Times . In it, he extolled the kindness of…
Newser

One of Film’s Most Chilling Voices Is Gone

November 12, 2018 |

Canadian actor Douglas Rain never appeared before the camera in Stanley Kubrick’s 2001: A Space Odyssey , but anyone who’s seen the movie will vividly remember him anyway. Rain provided the voice for the HAL 9000 computer, which eventually turns against the human astronauts when it realizes they intend to disconnect…
Newser

Juul to Stop Sales of Most Flavored E-Cigarettes in Retail Stores

November 12, 2018 |

Juul Labs, the fast growing e-cigarette company, has decided to stop selling most of its flavored nicotine liquids at bricks-and-mortar retail stores, according to people familiar with the matter.
WSJ.com: US Business

Juul will stop selling most flavored e-cigarettes in retail stores, source says

November 11, 2018 |

Juul Labs Inc., the maker of a hot-selling vaping device that is increasingly popular with teens, will stop selling most flavored e-cigarettes in retail stores, according to a person familiar with the matter.

The decision follows word that U.S. health officials are preparing to step up efforts…


L.A. Times – Business

The most satisfying part about traveling is not your flight or your hotel

November 10, 2018 |

It may be difficult to believe but travelers say they are increasingly satisfied with nearly every aspect of their trips.

Even airports, with their crowded food courts and baggage claim carousels that often resemble a poorly lit factory conveyor belt, are getting positive reviews.

But the most…


L.A. Times – Business

Most Americans aren’t financially healthy despite booming economy, survey finds

November 2, 2018 |

The economy is growing, unemployment is low and, lately, workers are starting to see some wage gains.

But a new survey from USC and the nonprofit Center for Financial Services Innovation makes the case that, despite an overall healthy-looking economy, many Americans are struggling to save, pay…


L.A. Times – Business