Fake Son of Congo President Scams $1.6 Million from Real Idiot

Gabrielle Bluestone · 04/27/13 10:22AM

It's the age-old Nigerian folktale. A long, long time ago, a prince lost his way. Riches and wealth seized by an evil government, the prince wandered the Bay Area, searching for an ordinary citizen with a heart of gold to break the curse. All it would take, the prince told the goodhearted citizen, was a little cash infusion that would break the government's evil spell, releasing millions of dollars for the prince to share with his savior.

Feds Celebrate Cyber Monday With Massive Domain Name Seizure

Lauri Apple · 11/26/11 01:49PM

Bad news: The federal government has once again made it harder to find the best online shopping spots for all your counterfeit sports jersey and fake Louis Vuitton bag holiday shopping needs. Why? Because they want your family's holiday gift-giving experience to be authentic.

E-gold founders plead guilty to money laundering

Alaska Miller · 07/22/08 02:40PM

E-gold and the online money-transfer site's three owners have reached a deal with the Department of Justice to plea guilty to charges of conspiracy to engage in money laundering and conspiracy to operate an unlicensed money-transmitting business. The company now faces fines of up to $3.7 million, along with an agreed-on forfeiture of $1.75 million in funds. Douglas Jackson, one of the owners, could face a maximum prison sentence of 20 years and a fine of $500,000 on one of the conspiracy charges, and a sentence of five years and a fine of $250,000 on the other. His co-owners, Barry Downey and Reid Jackson, each face a maximum of five years in prison and a fine of $25,000. E-gold, a survivor of the first dotcom boom, says it has about 3 million registered accounts, facilitating about $10 million in transactions a day.

Yahoo, Google deal officially being investigated by DOJ

Jackson West · 07/02/08 11:20AM

"What is Yahoo's incentive to continue to compete?" That's the question Clinton-era Federal Trade Commission competition policy director David Balto asked of the search advertising deal between Yahoo and Google. And that's just one of many questions that will be asked by the Department of Justice now that officials have opened a formal investigation into the deal, according to unnamed sources cited by the Washington Post.