Coronavirus cancellations: United Airlines faces class action lawsuit over refusal to refund tickets

FOX BUSINESS

Coronavirus cancellations: United Airlines faces class action lawsuit over refusal to refund tickets

Passenger said United denied cash refund request after coronavirus pandemic canceled flights. read more »
 

Beware of Fee Scams Targeting Workers Sidelined by COVID-19

CFTC

The Commodity Futures Trading Commission advises the public that unregistered brokers selling binary options, foreign exchange (forex) programs, and cryptocurrencies are targeting people who lost their jobs due to the coronavirus outbreak. The scams are primarily conducted on social media and via messaging apps. The fraudsters convince their victims they can earn unrealistically high profits from home, but later force the victims to pay excessive “fees” and “taxes” to get their supposed earnings. The profits are not real and the fraudsters disappear when the victims stop paying. read more » 

Chinese video streaming giant iQiyi accused of fraud
CNBC

Chinese video streaming site iQiyi has been accused of fraud and inflating its financial numbers by a research firm, just days after coffee chain Luckin Coffee found a senior executive fabricated 2019 sales. read more »