Business+Scams

=Business Scams: The dark side of the entrepreneur=

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[|Geek cons US out of $20m]
A defence and intelligence contractor has scammed the US government out of $US20m...

[|Firepower]
Tim Johnson's "magic pill" was claimed to improve fuel efficiency by 17%. The only problem: it didn't, and never could.

At its height, Firepower owned a basketball team and transferred [|$17m that Johnson "can't recall".]70 [|investors] were defrauded of around $100m, which they are unlikely to recover.

You can view the ABC 4 Corners documentary "Liar Liar Pants on Fire -- Tim Johnston and Firepower" through ClickView.

[|Scamwatch]
An Australian Competition and Consumer Commission (ACCC) website that provides warnings and advice on common business scams and frauds active in Australia.

Office of Fair Trading (ACT Office of Regulatory Services)
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