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Carnival of Business #16

by Flexo

Welcome to Consumerism Commentary and the 16th edition of the Carnival of Business. If you’re new to this website, feel free to read about me and this blog and peruse a collection of articles from the first half of this year. There were a number of submissions this week, and below you will find all ... Continue reading this article…

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Deceptive Credit Card Offers, Part 1: Two-Cycle Billing

by Flexo

Although it’s common to recieve mailing from credit card companies offering credit cards with attractive terms, like 0 percent APR balance transfer offers or offers on small business credit cards they won’t tell you all the terms of the agreement until you actually apply for the card. This is often the case regardless of your “pre-approved” ... Continue reading this article…

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Was Your Credit Card Number Stolen in February?

by Flexo

If you have ever been a customer of Hotels.com, this might affect you. Credit card numbers and names of 243,000 of the company’s customers were on a laptop computer stolen from an Ernst & Young employee in February. They only began notifying customers last week as until recently, the companies didn’t know what was contained ... Continue reading this article…

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Hedge Fund Sues Its Own Investors

by Flexo

In addition to filing for bankruptcy, a hedge fund is suing its own investors to recover the profits that were paid out. Should investors who thought they were investing in a legitimate operation be forced to give back what those funds paid out if the payments were based on fraudulent numbers? Who is to blame? ... Continue reading this article…

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Yet More Hedge Fund Fraud

by Flexo

The bad news for the hedge fund industry just keeps coming. [Kirk] Wright is on the lam after federal officials charged him with fraud, claiming he sent statements saying that his funds, managed by Atlanta-based International Management Associates, had over $150 million invested when the accounts in question held only $150,000 — about the only ... Continue reading this article…

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Spend More With Cash or Plastic?

by Flexo

Liz Pulliam Weston is suggesting using cash rather than plastic because of an inclination to overspend. I’m a big fan of credit cards. Most offer fraud protection and online reconciliations so I always know exactly what I am spending. When I pay the balance off at the end of the month, it’s also nice to ... Continue reading this article…

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Some Hedge Funds Must Register

by Flexo

The Securities and Exchange Commission has ruled that most hedge funds must register with the organization, due to fraud and other drama in the industry. Some funds will be able to escape regulation with a designation as a “private fund.” From the New York Times article: “The new rule applies only to those funds that ... Continue reading this article…

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More Articles to Review

by Flexo

Here are some of the articles I’ve been reading since the last link dump. * The truth about Google and click fraud. Google expects some, so it’s built into the price. * Ameriprise notifies customers of data theft. They tried to recruit me to sell their financial products (full time job, not through this blog). ... Continue reading this article…

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