Fraud Alert: No Harm Done

My Real Estate Tech Startup Has A Loan Investment
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This is more sophisticated than the emails from "Nigerian princes," but still very much fraud.

7 Signs of a Personal Loan Scam Reputable lenders do not require you to pay a penny before you receive your loan. If you come across a personal loan lender that demands a processing, insurance or origination fee before they can approve you, walk away fast. The lender is likely a scammer hoping to make a quick buck off of you........ While legitimate lenders may charge application, appraisal and credit report fees, these are typically deducted from the amount you borrow.

Loans to Avoid There was a 10% decrease in complaints about loan scams and fraud in 2017, but the cost to American consumers still went up, reaching nearly $1 trillion....... consumers reported losing $905 million to scams in 2017, $63 million more than in 2016. The FTC credited education, awareness and enforcement for the positive trend in fewer complaints, but even with all that, consumers are still being taken for millions of dollars in fraudulent loan scams....... Financial scammers have never been more prevalent and they often prey on individuals who previously have been denied a loan. ...... About one-in-three adults is a victim of financial scammers ....... seniors are easy targets .......... nearly 33% of 1,260 respondents indicated they had been exposed to financial scams during the past five years, while one-third said that outsiders had used (or attempted to use) their accounts without permission. ........ 40% of Americans in their 20s who reported fraud in 2017 said they lost money, with a median loss of $400. That was a much higher rate than senior victims of financial fraud where only 18% of the 70-and-older group reported losing money. ....... The world has changed. Now there’s online banking and brokerage accounts, payday lenders, borrowing from your 401(k), Exchange-Traded Funds (ETFs), variable rate and adjustable mortgages … and seemingly, just as many complex financial scams designed to dupe consumers...... Upfront Fees — The lender might disguise these as application fees or document fees or some other name, but they all mean: “Send me some money before I perform any service.” Think about this: You are being asked to send money in order to be loaned money. That’s a scam. Legitimate lenders must disclose all their fees. Typically, they are rolled into the cost of the loan, not paid for in advance. ....... Wire Transfers — If the lender wants you to wire money for any fees, it’s a big cause for concern. Never wire money to an individual. Always ask for the lender’s physical address. Then contact the Attorney General or Financial Regulations office in that state to verify it’s a legitimate business. ........ Personal Information — Never give out your social security number, date of birth, bank account number or other important personal information unless you are convinced you’re dealing with a responsible lending institution. Personal information can be used for identity theft or stealing from your bank account. ....... Reviews — Online reviews have become influential when it comes to restaurants, museums and movies. They can also help you pick a reputable lender. You can simply Google the company or person’s name ......... Be wary if you’re offered a free period (like a year with no payments) before the loan must be repaid.

How fraudsters are gaming online lenders Online lenders’ advantage in speed has exposed them to a growing problem: a type of fraud called loan stacking........ People are taking advantage of the quick loan approval times online lenders offer to game the system by applying for multiple online loans in a short time before credit files update to reflect the increased debt load. By doing so, they are able to get more money than they would typically qualify for in any one loan.

How to avoid a personal loan scam If you’re faced with an “urgent offer,” you’ve likely found a scam. Legitimate lenders offer steady rates that depend on your credit. Pressure tactics are designed to drive you to act quickly, before you’re able to spot a scam in progress. ....... Loans demanding “processing,” “insurance” or even “origination” fees before approval are a scam. A lender asking for payment before it’s processed your application is a scammer looking for a quick buck. ...... Legit lenders generally never charge anything until you receive your loan — though some might deduct an origination fee from the funds before it shows up in your bank account.

The Rise Of Mortgage Fraud: How To Spot Common Schemes

Fraudster poses as Jason Statham to steal victim's money
A fraudster posing as Hollywood actor Jason Statham cheated a British woman out of hundreds of thousands using an online scam ......... police warn such crimes are at "epidemic" levels, with Greater Manchester Police (GMP) receiving reports of about 1,000 victims a month. ....... Detectives fear the true figure may be up to 10 times higher as many fraud victims never come forward.........

"It's the volume crime of the 21st Century." ....... A recent estimate put the total lost to fraud each year in the UK at about £110bn.

...... One victim from the North West of England told BBC Radio Manchester she had lost a fortune after being targeted by a fraudster who has "just got no feelings at all"...... The woman, who asked not to be named, said she was targeted at a vulnerable time following the deaths of both her mother and fiancé.......... "I'm quite a strong person but obviously certain things get to you and you let your guard down," she said......... The woman said she was first contacted online by someone posing as Mr Statham while she was on a Facebook page dedicated to the Fast and Furious star. ...... "I thought 'Oh, that's nice of him, talking to his fans'......... There were an estimated 3.6 million fraud offences in England and Wales in 2018...... it is "much more likely for an adult…to experience fraud than a violent offence". ...... 6.6% of adults, just over 3 million people, had experienced some form of fraud in the year ending December 2018. .....

GMP was unable to prosecute anyone over the fraud, with the person responsible believed to be operating from overseas.

'Britain's oldest scam victim': 103-year-old loses £60,000 in 10-year catalogue fraud Elderly widower ends up with 'house full of incredibly overpriced products' after ending up on a 'suckers' list'

This name and this picture are obviously pure fiction: Yahya Al-Wazna. Dubai Police, please take note.

Deleted original tweet. Times thinks it may have been a scam. Anyway, will have more security in future

— Paul Krugman (@paulkrugman) January 9, 2020

Lithium-Ion Battery Vs Iron Low-Energy Battery Vs Silicon Anode Battery

In the early-1990s, lithium-ion energy storage systems replaced nickel cadmium batteries to serve the burgeoning cellphone and consumer electronics markets. More recently, they are being used in medical equipment and electric vehicles.

Tesla is building massive “gigafactories” to produce lithium-ion batteries for electric vehicles and Tesla Energy’s storage solutions business, including its newest Gigafactory 3 in Shanghai, China. GM just announced a multibillion-dollar investment in a lithium-ion battery plant in Ohio.

But lithium-ion batteries have limitations. They lose capacity the more they’re charged and discharged, eventually needing replacement, and on occasion have exploded or caught fire. Iron low-energy storage systems, by contrast, last indefinitely, with no environmental risks. Both systems store energy from solar, wind and water on power grids, pulling it off as needed and re-injecting it when not.

From 2010 to 2018, lithium-ion battery costs declined by 85% and are forecast to decline by another 50% by 2030

“And lithium ion can still compete at four hours. But as we move into the next phase of the energy transition, four hours isn’t going to cut it anymore. That’s why all these investors are asking if there’s a longer-duration technology that scales better than lithium ion. This is where flow batteries come in.”

“You can follow the money,” Finn-Foley said. “All the investors are smelling it.”

In October of this year, ESS, a manufacturer of low-cost, long-duration, iron-flow batteries for the global renewable energy infrastructure, secured $30 million in a Series C investment round from Breakthrough Energy Ventures, the group of private investors led by Bill Gates and fellow billionaires Jeff Bezos, Michael Bloomberg, Richard Branson and Jack Ma, among others.

investors see our technology as one that offers consumers a number of benefits over lithium ion — longer duration in order to have solar-plus as a base load, the ability to work in very hot environments, and indefinite cycles at a similar price point.”

Flow battery technology is not the only bet the big money is making on competitors to traditional lithium-ion batteries. Tesla employee No. 7, Gene Berdichevsky, who worked on the original Tesla Roadster’s battery, is now CEO of Sila Nanotechnologies, which took in $70 million from VC investors in 2018 for its silicon anode battery technology. Enevate, another silicon anode battery start-up — which is sometimes referred to as “next-gen” lithium ion — has raised more than $100 million in VC funding and includes GM battery partner LG Chem among its recent investors.

Bill Gates: 12/12/2016 A new model for investing in energy innovation Our new fund will invest more than $1 billion in clean energy breakthroughs...... today, I, along with an incredible group of people who care a lot about energy innovation, am announcing the launch of Breakthrough Energy Ventures (BEV), a fund that will invest more than $1 billion in scientific breakthroughs that have the potential to deliver cheap and reliable clean energy to the world........ an investment in a true energy transformation requires governments, research institutions, businesses, and private investors to work together. ..... Government funding gives scientists the freedom to come up with bold new ideas and try to prove they will work. But government research is not enough. The world needs the skills and resources of investors with experience driving innovation from a lab to the marketplace. The private sector knows how to take great research, turn it into a great product, and ultimately create a great company to bring a transformative technology to market........ During the Cold War, the Department of Defense developed a network of computers that could survive a nuclear attack, and private companies saw an opportunity to expand this technology to the public. Together, they created the Internet........ Unlike a software start up, getting a new energy technology from a lab to market takes a lot of infrastructure, a lot of upfront capital, and a lot of time....... The Breakthrough Energy Coalition created BEV to address some of those challenges in the energy market. We are willing to wait a longer time for returns than other funds. We have a higher tolerance for technical risk, because we know it’s tough to determine which technologies will succeed in a complicated energy market. ........ The fund is also driven by science. Because of the technical nature of succeeding in an energy market, we will build a team that knows as much about the science behind energy breakthroughs as the investment strategies necessary to build those businesses........ to be successful, you have to get the most out of the technology you already have while developing the technology you still need.

Flow battery While it has technical advantages over conventional rechargeables, such as potentially separable liquid tanks and near unlimited longevity, current implementations are comparatively less powerful and require more sophisticated electronics.

Lithium–silicon battery Silicon has a much larger specific capacity (3600 mAh/g) than graphite (372 mAh/g) ..... Silicon's large volume change (approximately 400% based on crystallographic densities) when lithium is inserted is one of the main obstacles along with high reactivity in the charged state to commercializing this type of anode

Lithium-Ion Battery Vs Iron Low-Energy Battery Vs Silicon Anode Battery https://t.co/WQbVZoaYnj @elonmusk @JeffBezos @BillGates @richardbranson #cleanenergy #ClimateChange #ClimateCrisis

— Paramendra Kumar Bhagat (@paramendra) December 15, 2019