The first bank card, called "Charg-It," was introduced in 1946 by John Biggins, a banker in Brooklyn, according to MasterCard. When a customer used it for a purchase, the bill was forwarded to Biggins' bank. The bank reimbursed the merchant and obtained payment from the customer. However, purchases could only ... Read More
Over 20 years ago Adriaan Alettus Niewoudt rose to prominence when he convinced thousands of wide-eyed South Africans to buy into the kubus scheme, which was based on a milk culture his grandmother used as a skin product.
In January 1984, Nieuwoudt placed a newspaper advertisement inviting members of the public ... Read More
Sometimes a scam is called by other names such as fraud, rip-off, theft, cheating, embezzlement, swindle, con: or even the softer phrase, chicanery; but a rose by any other name ... When the term Scam is applied, it adds a new dimension to the crime. Scams often involve intrigue, mystery, ... Read More
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