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Resource ID: #12054
Subject: Fraud
Source: Forbes Magazine
Affiliation: 
Date: Sept. 11

Description

Forbes Magazine reports that "The information age is breeding a new sort of scamster. They put penny stock operators to shame. Meet Marcus Dalton... Like most scams, these count on the victim's greed overcoming his common sense...Dalton's fingerprints have been all over many of the biggest of the FCC license scams. We're talking serious money here, investors separated from close to a half-billion a year, in wireless cable TV, specialized mobile radio, interactive TV and personal communications systems. Not even the FCC's recent move to auction off the spectrum seems to have slowed the scamsters down.."

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