Arizona fake magazine scam took $550,000 from 250 mostly elderly victims
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An Arizona man has pleaded guilty to scamming up to 250 people out of hundreds of thousands of dollars by operating a fake magazine-subscription company.
Raheem Oliver, 38, of Phoenix, pleaded guilty Monday in federal court to fraud conspiracy charges. He admitted running companies that preyed on elderly consumers, demanding large payments for supposedly overdue magazine subscriptions.
Court documents say two elderly consumers in Virginia were each scammed out of more than $50,000. They... read more