In a matter of days, Bruce and Linda MacMillan cashed out of retirement investment accounts they had built up over 15 years with R.M. Davis Inc. and transferred the money to scammers via bitcoin. The firm says it is not liable because the couple lied about their plans.
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Posted inBusiness, Local & State, News
Maine secures $1.9M settlement for bitcoin kiosk scam victims
Bitcoin Depot has agreed to refund money that was taken through its kiosks by third-party scammers who defrauded Maine consumers.
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Posted inBusiness, Local & State, News
How a Maine couple gave their $1.3 million retirement savings to bitcoin scammers
Larry and Barbara Cook are risking public embarrassment to spare others from a similar trauma. In the process, they’re helping to rewrite federal and state income tax laws related to fraud losses.
Posted inLocal & State, News
Holiday gatherings offer a chance to talk about scams
It’s a complicated subject, but having a frank discussion now could prevent heartbreak, trauma and serious financial losses in the future.
Posted inLocal & State, Maine Crime, News
Elderly couple in Gray recovers $19,500 from online fraud
Scammers convinced the couple they needed to return money that was supposedly deposited into their account by accident, police said.
Posted inLocal & State, News
A new scam is targeting Maine veterans — by postcard
The Maine Bureau of Veterans’ Services says the scam attempts to persuade veterans to enroll in a false savings program, soliciting personal and financial information in the process.
Posted inLocal & State, Maine Crime, News
Maine secretary of state warns of scams targeting businesses, notaries and marriage officiants
One scheme involves overpaying for services, asking for a refund of the difference and then withdrawing the original payment, Shenna Bellows said Friday, while the other revolves around annual government forms.
Posted inLocal & State, Maine Crime, News
Cumberland County officials warn Maine homeowners of federal tax scam
A letter claiming to be from the ‘Federal Tax Authorities’ was sent to a county resident amid a rising number of scams affecting Mainers.
Posted inLocal & State, News
Maine joins effort to crack down on illegal robocalls
The Anti-Robocall Litigation Task Force is sending warning letters to 37 companies that officials say are responsible for a significant volume of fraudulent robocalls targeting people in Maine and nationwide.
Posted inBusiness, Local & State, Maine Crime, News
Maine contractor accused of ‘significant’ home repair fraud
Timothy Galvez faces felony charges and a civil lawsuit for a years-long scheme officials say involved unfinished jobs, stolen money and shady business practices.