http://answers.yahoo.com/question/index?qid=20110522020147AA05IzV
to invest with long term in mind
to invest in different types of schemes
To invest thru Systematic investment plan
Select a fund house and adviser after careful study
Do not shuffle the portfolio in the short run
Tuesday, September 6, 2011
Brightbridge Wealth Management Headlines: Microsoft-Watchers See A Company In Decline
http://brightbridge-wealthmanagement.com/
Today at BYTE it wasn’t all Google+, Apple OS X Lion and Ubuntu talk. Rather, we’ve been debating a question that–in all my years covering tech, beginning as a beat reporter on Microsoft–was one I thought I’d never hear.
Is Windows dying? And then, riffing off of that, the discussion moved to the Windows Phone 7 update code-named Mango, due this fall.
And then it migrated to the fate of Microsoft in general, given the steady erosion of Redmond’s influence in a now tablet- and mobile-focused world.
Predictions on all fronts were dour. I spoke to some of our staffers, many of whom are high-level IT folks. I also contacted some Microsoft experts (known as Microsoft MVPs) close to the company. No one had high hopes for Microsoft gaining ground in any of these areas.
It’s strange. Back in 1989, I covered the posh launch event in NYC where Microsoft unveiled its buggy Windows 3.0. Then CEO Bill Gates was exultant at the announcement, grinning as he unveiled the new graphical user interface at the Windows of the World Restaurant.
I spoke to Gates’ mother that night, who told me, I’ll never forget, “this is the happiest day of Bill’s life.”
Brightbridge Wealth Management Headlines:Aifa warns over cost of FSA data collection plans
http://brightbridge-wealthmanagement.com/2011/05/brightbridge-wealth-management-headlinesaifa-warns-over-cost-of-fsa-data-collection-plans/
The Association of Independent Financial Advisers (Aifa) has warned over the £9.6 million cost of the Financial Services Authority’s (FSA) new data collection project.
Aifa director of policy Andrew Strange called for the FSA to demonstrate the practical application for its data proposals which he argued had significant cost and time implications for adviser firms. He said the proposal to monitor adviser charging through retail mediation activities returns was alarmingly close to economic regulation.
‘We have real concerns about the cost and time implications of these proposals for adviser firms,’ said Strange (pictured). ‘An assessment of service based on price can be dressed up as ensuring value, but is simply price regulation’
Strange also had concerns over proposals to collect complaints data on individual advisers. ‘The Financial Services and Markets Act makes clear that a complaint originates at a firm level, not with an adviser. As many advisers will testify, complaints often arise relating to non-advice issues, such as administration failings,’ he said.
The FSA estimated that the new systems needed to handle adviser charging information and complaints figures for individual advisers would cost between £1.9 million and £1.3 million while firms faced one-off costs of around £6.7 million. The cost benefit analysis for the data collection paper also estimated annual ongoing costs of £2.9 million from the new proposals for businesses.
‘Small firms will have fewer transactions to report and are less likely to need sophisticated systems to enable data record management so reducing their set-up costs,’ stated the FSA. ‘However, this works against them on an ongoing basis as the lack of systems and processes that improve efficiency and regularity of data collection could be influencing their estimates for ongoing costs associated with the new retail mediation activities return data proposals.’
Monday, August 15, 2011
Brightbridge Wealth Management: What tips are useful for a young adult who is saving for retirement?
http://answers.yahoo.com/question/index?qid=20110522020147AA05IzV
to invest with long term in mind
to invest in different types of schemes
To invest thru Systematic investment plan
Select a fund house and adviser after careful study
Do not shuffle the portfolio in the short run
to invest in different types of schemes
To invest thru Systematic investment plan
Select a fund house and adviser after careful study
Do not shuffle the portfolio in the short run
Source(s):
I am an investment consultant
BBWM Headline: Star-studded cast recreates financial crisis in HBO’s ‘Too Big to Fail’
http://www.widepr.com/press_release/14522/bbwm_headline_star_studded_cast_recreates_financial_crisis_in_hbo_s_too_big_to_fail.html
PASADENA, Calif. – You might not think that the financial crisis three years ago would be fodder for stimulating drama. But some TV brokers are speculating that you’re wrong.
On May 23 HBO is offering “Too Big to Fail,” the tale of what was happening behind the scenes as banks folded, industry staggered and the housing market crumbled.
Based on the book by Andrew Ross Sorkin, the film is directed by Curtis Hanson (“L.A. Confidential”) with a roster of heavy hitting stars like James Wood, William Hurt, Topher Grace, Tony Shalhoub and Matthew Modine.
“I think that this story and this particular film and the book was really an opportunity to try to take the public inside the room so they could see what happened, so they could actually see the decisions that were made and what the opportunities were and the choices were that they actually had,” says Sorkin.
“In hindsight, everything looks black-and-white. But with 20/20 hindsight, it’s different. When you’re actually there, the choices were very different. And I think that this particular project really puts a focus on that. You get to see really what we were up against and how this was perhaps the most catastrophic thing that had happened in our economy since the Great Depression and that we were really on the edge. People don’t really appreciate often how close to the edge we really were,” he says.
Hurt portrays Henry Paulson, secretary of the Treasury and former chairman and CEO of Goldman Sachs. “I got to play a guy who crosses the line from the private sector to the public sector,” he says.
“And they’re different jobs. You do different things in different contexts. So that was one of the most interesting parts for me, is Paulson who is a street fighter … a guy who is not used to hearing ‘no’ in the street, to a guy who is working now for the American people. And what do you do in relationship to that responsibility?”
Hurt spent considerable time with Paulson. “He was very generous with his time, for a lot of reasons. So that was utterly fascinating for me. And he was open, I think. So that was a thrill. And to be able to ask some very pointed questions and get some very direct answers about those questions was, this is a sideline, but it was thrilling, just wonderful for me.”
Usually Hurt avoids portraying real people. “But what made this project so fascinating and imperative to me was that the events affect the life of everybody on the planet and will continue to. So that raised the level of interest and the applicability of the subject to an acceptable artistic level.”
PASADENA, Calif. – You might not think that the financial crisis three years ago would be fodder for stimulating drama. But some TV brokers are speculating that you’re wrong.
On May 23 HBO is offering “Too Big to Fail,” the tale of what was happening behind the scenes as banks folded, industry staggered and the housing market crumbled.
Based on the book by Andrew Ross Sorkin, the film is directed by Curtis Hanson (“L.A. Confidential”) with a roster of heavy hitting stars like James Wood, William Hurt, Topher Grace, Tony Shalhoub and Matthew Modine.
“I think that this story and this particular film and the book was really an opportunity to try to take the public inside the room so they could see what happened, so they could actually see the decisions that were made and what the opportunities were and the choices were that they actually had,” says Sorkin.
“In hindsight, everything looks black-and-white. But with 20/20 hindsight, it’s different. When you’re actually there, the choices were very different. And I think that this particular project really puts a focus on that. You get to see really what we were up against and how this was perhaps the most catastrophic thing that had happened in our economy since the Great Depression and that we were really on the edge. People don’t really appreciate often how close to the edge we really were,” he says.
Hurt portrays Henry Paulson, secretary of the Treasury and former chairman and CEO of Goldman Sachs. “I got to play a guy who crosses the line from the private sector to the public sector,” he says.
“And they’re different jobs. You do different things in different contexts. So that was one of the most interesting parts for me, is Paulson who is a street fighter … a guy who is not used to hearing ‘no’ in the street, to a guy who is working now for the American people. And what do you do in relationship to that responsibility?”
Hurt spent considerable time with Paulson. “He was very generous with his time, for a lot of reasons. So that was utterly fascinating for me. And he was open, I think. So that was a thrill. And to be able to ask some very pointed questions and get some very direct answers about those questions was, this is a sideline, but it was thrilling, just wonderful for me.”
Usually Hurt avoids portraying real people. “But what made this project so fascinating and imperative to me was that the events affect the life of everybody on the planet and will continue to. So that raised the level of interest and the applicability of the subject to an acceptable artistic level.”
Brightbridge Headlines: Time to move some money to stocks from commodities
http://www.widepr.com/press_release/14866/brightbridge_headlines_time_to_move_some_money_to_stocks_from_commodities.html
nstead, they are recommending investing in large-cap U.S. companies whose earnings have historically varied less through economic cycles. That includes defensive areas such as household products and utilities but also some technology and industrial companies.
Investors became more cautious about commodities after last week’s vicious unwind of oil, copper and precious metals — which some dubbed a mini “flash crash” similar to the one seen in U.S. equity markets a year earlier.
Even as strategists recommend steering away from commodities, they agree that the long-term outlook is positive. But over the near term they do not rule out another downleg in prices — especially if China, the world’s largest consumer of raw materials, continues to tighten monetary policy.
“Chinese policy makers made it very clear that there is ‘no absolute limit’ to what they will do to control inflation, which raised concerns around the impact of their actions on demand growth” for commodities, Jan Loeys, head of asset allocation at JPMorgan, wrote in a research note this week.
Economic activity has been moderating in China, and prospects for future growth seem less certain after the government signaled no end in its fight to curb inflation.
China raised bank reserve requirements by 50 basis points on Thursday, surprising analysts who had expected it to use monetary brakes less aggressively after a series of weaker-than-expected economic data for April.
For its part, the United States saw growth domestic product of only 1.8 percent in the first quarter, down from 3.1 percent in the last three months of 2010.
nstead, they are recommending investing in large-cap U.S. companies whose earnings have historically varied less through economic cycles. That includes defensive areas such as household products and utilities but also some technology and industrial companies.
Investors became more cautious about commodities after last week’s vicious unwind of oil, copper and precious metals — which some dubbed a mini “flash crash” similar to the one seen in U.S. equity markets a year earlier.
Even as strategists recommend steering away from commodities, they agree that the long-term outlook is positive. But over the near term they do not rule out another downleg in prices — especially if China, the world’s largest consumer of raw materials, continues to tighten monetary policy.
“Chinese policy makers made it very clear that there is ‘no absolute limit’ to what they will do to control inflation, which raised concerns around the impact of their actions on demand growth” for commodities, Jan Loeys, head of asset allocation at JPMorgan, wrote in a research note this week.
Economic activity has been moderating in China, and prospects for future growth seem less certain after the government signaled no end in its fight to curb inflation.
China raised bank reserve requirements by 50 basis points on Thursday, surprising analysts who had expected it to use monetary brakes less aggressively after a series of weaker-than-expected economic data for April.
For its part, the United States saw growth domestic product of only 1.8 percent in the first quarter, down from 3.1 percent in the last three months of 2010.
Brightbridge Wealth Management
http://www.widepr.com/company_profile/5906/brightbridge_wealth_management.html
Brightbridge is a world-wide private equity firm with the resources and expertise to source, evaluate, and manage private investments globally in both developed and developing markets and across many industrial and commercial sectors.
Brightbridge is manager of -- or principal advisor to -- private equity funds covering Asia, Latin America, Europe, Africa, and the Islamic countries that span the globe from North Africa through the Middle East and into Asia. These funds represent aggregate capital commitments of nearly $6.0 billion and several are the largest of their kind in their particular region.
Brightbridge is a world-wide private equity firm with the resources and expertise to source, evaluate, and manage private investments globally in both developed and developing markets and across many industrial and commercial sectors.
Brightbridge is manager of -- or principal advisor to -- private equity funds covering Asia, Latin America, Europe, Africa, and the Islamic countries that span the globe from North Africa through the Middle East and into Asia. These funds represent aggregate capital commitments of nearly $6.0 billion and several are the largest of their kind in their particular region.
Brightbridge Wealth Management
Brightbridge Wealth
Talstrasse 40
Zurich, Zurich
Switzerland, 8001
Voice +45.36946676
Email: 
Sunday, July 24, 2011
Brightbridge Wealth Management Headlines: Venture Capital: 5 Tips for Nailing the Full Partnership Pitch
http://advice.brightbridgewealthmanagement-facts.com/2011/07/brightbridge-wealth-management-headlines-venture-capital-5-tips-for-nailing-the-full-partnership-pitch/
So you made it to the “full partnership pitch.” You have already had one (or likely multiple) meetings with a subset of a firm’s investment team, including a principal and perhaps a general partner. You’ve impressed your point person (or people) sufficiently so that you have been invited to present to the broader partnership. What do you do now? Here are five things to keep in mind.
1. Focus on Style, Not Just Substance
This may sound counterintuitive. However, if you have been asked to come in and present to the full partnership, you have already done a good job defining, defending and articulating your business plan, and addressing many questions and concerns. Your initial contacts from the firm have likely already written up one or more memos introducing your company, and have had multiple internal discussions about your company’s compelling prospective investment.
Now it’s showtime! Most likely, the partnership will already be familiar with the facts around your team, market, business model, product, customers, competition and financial projections. They are now looking for the “X factor” — your ability to present with pizzazz, to capture and sustain the attention of the room, to project a degree of informed enthusiasm and to showcase your natural leadership and sales abilities with a healthy spark of charisma.
Brightbridge Wealth Management Headlines: Casey Anthony Facebook scam preys on social-media users
http://advice.brightbridgewealthmanagement-facts.com/2011/07/brightbridge-wealth-management-headlines-casey-anthony-facebook-scam-preys-on-social-media-users/
One of the most popular scams masquerades as a Facebook post urging the social media site’s nearly 700 million users to click on a link that plays a secret video confession by Casey Anthony, the 25-year-old acquitted July 5 in the first-degree murder of her 2-year-old daughter Caylee Marie.
Scam post message reads: “BREAKING NEWS – Leaked video of CASEY ANTHONY confessing to lawyers. Click To See – She can’t be re-tried, double jeopardy[sic]…OJ all over again!”
There is no video. There is no secret confession. However, scammers gain access to users’ Facebook walls, personal information, and share the viral scam using the unquestioned loyalty of their social media friends.
AllFacebook.com, a site which tracks trends, analytics and news about Facebook, shows that within minutes of the not guilty verdict, users posted 10 comments every second. Given that frenetic activity on the site, it’s no wonder scammers targeted it.
“It makes sense that people are taking advantage given the huge interest in the Casey Anthony trial,” said Josh Benton, director of the Nieman Journalism Lab atHarvard University in Cambridge, Mass. “The mechanism of sharing information can be taken advantage of and it’s a nefarious practice.”
Posts Tagged ‘Brightbridge Wealth Management Online Magazine – collection of world news and current events articles’
http://advice.brightbridgewealthmanagement-facts.com/tag/brightbridge-wealth-management-online-magazine-collection-of-world-news-and-current-events-articles/
In rolling out Office 365, the online version of its ubiquitous Microsoft Office suite, the Redmond, Wash., technology giant is looking to catch up to rival Google Inc. in the race to move business software residing on local computers to remote data centers accessible from anywhere. For a monthly fee starting at $6 per user, Office 365 will allow company employees to edit and store Word documents, Excel spreadsheets and PowerPoint presentations online and communicate with one another via email, instant message or video chat as they work on projects together, an element Microsoft said would allow workers to get more done. Larger companies and those looking for more features will pay more per month.
Cloud proponents say companies can cut costs by getting rid of their own servers — which are expensive and require frequent maintenance and security updates — and allowing technology firms like Microsoft and Google to handle the hard work of supplying businesses’ computing needs.
“What happens when Microsoft Office meets the cloud?” Chief Executive Steve Ballmersaid at a presentation Tuesday. “Collaboration happens in addition to productivity, anywhere for any business of any size.”
Though Microsoft has for years had a cloud element to its Office suite, the company has struggled to catch up to Google in the online software race. The search giant says its Google Apps software, which also includes word processing, email and other business applications, is used by 3 million businesses and 30 million people around the world.
Brightbridge Wealth Management Headlines: Adobe 2Q tops profit, sales expectations
http://advice.brightbridgewealthmanagement-facts.com/2011/07/brightbridge-wealth-management-headlines-adobe-2q-tops-profit-sales-expectations/
SAN JOSE, Calif. — Adobe Systems Inc., the maker of Photoshop, Acrobat and Flash software, said Tuesday that net income for its fiscal second quarter grew 54 percent from a year ago as revenue rose 9 percent. It reaffirmed its sales target for the year.
Net income in the three months to June 3 climbed to $229.4 million, or 45 cents per share, from $148.6 million, or 28 cents per share, a year ago.
Excluding stock-based compensation expenses, an income tax windfall and other items, adjusted earnings came to 55 cents per share, more than the 51 cents per share expected by analysts polled by FactSet.
Revenue grew to $1.02 billion from $943 million a year ago, beating the $996 million expected by analysts.
Adobe said it expected third-quarter revenue between $1 billion and $1.05 billion. The mid-point is higher than the average analyst estimate of $1.02 billion.
The company said it also expects to post 50 cents to 56 cents per share of adjusted earnings in the third quarter, roughly in line with the 54 cents analysts are looking for.
Adobe reaffirmed its target for sales to grow 10 percent in the current fiscal year. That would put it on track to post annual revenue of $4.18 billion, above the $4.11 billion analysts are expecting.
Despite the solid outlook, Adobe’s shares fell $1.11, or 3.5 percent, to $30.90 in extended trading. The stock had closed the regular session up $1.06, or 3.4 percent, at $32.01.
Friday, July 22, 2011
Archive for the ‘Social Media’ Category
http://advice.brightbridgewealthmanagement-facts.com/category/social-media/
The Casey Anthony trial and not guilty verdict lit up Facebook, offering users updates and armchair analysis — but it also opened the door to scammers craving to cash in on people’s curiosity.
One of the most popular scams masquerades as a Facebook post urging the social media site’s nearly 700 million users to click on a link that plays a secret video confession by Casey Anthony, the 25-year-old acquitted July 5 in the first-degree murder of her 2-year-old daughter Caylee Marie.
Scam post message reads: “BREAKING NEWS – Leaked video of CASEY ANTHONY confessing to lawyers. Click To See – She can’t be re-tried, double jeopardy[sic]…OJ all over again!”
There is no video. There is no secret confession. However, scammers gain access to users’ Facebook walls, personal information, and share the viral scam using the unquestioned loyalty of their social media friends.
AllFacebook.com, a site which tracks trends, analytics and news about Facebook, shows that within minutes of the not guilty verdict, users posted 10 comments every second. Given that frenetic activity on the site, it’s no wonder scammers targeted it.
Thursday, July 21, 2011
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Archive for July, 2011
http://advice.brightbridgewealthmanagement-facts.com/2011/07/
“Such an indictment would have led to the bankruptcy of the bank which in turn would have caused serious and virtually uncontrollable economic repercussions for Switzerland,” the Swiss Federal Supreme Court said in a statement.
“Since FINMA had compelling reasons to believe that not relinquishing the customer data to the U.S. Department of Justice would have seriously impaired Switzerland’s financial markets and have led to serious repercussions for the Swiss economy, the action taken by it was shown to be lawful.”
The ruling overturns a 2010 decision by the Swiss Federal Administrative Court that FINMA’s decision was unlawful in a case brought by UBS customers whose data was handed over. If the Supreme Court had upheld that ruling, UBS clients could have sought damages from the Swiss state.
UBS also paid a fine of $780 million in exchange for the dropping of the U.S. investigation and later handed over details of a further 4,450 accounts to settle the case.
Earlier on Friday local rival Credit Suisse said it is being probed by the U.S. Department of Justice as part of a broader investigation into banks suspected of helping Americans evade taxes.
Brightbridge Wealth Management Headlines: Swiss court says was right to give U.S. bank data
http://advice.brightbridgewealthmanagement-facts.com/
The Swiss financial markets regulator FINMA was right to order the handing over of client data by UBS to the U.S. authorities, a top court ruled on Friday, despite the country’s cherished tradition of bank secrecy.
FINMA ordered UBS to hand over the data of 255 customers to the U.S. Department of Justice in 2009 as part of a settlement to avert criminal charges being leveled against Switzerland’s biggest bank.
“Such an indictment would have led to the bankruptcy of the bank which in turn would have caused serious and virtually uncontrollable economic repercussions for Switzerland,” the Swiss Federal Supreme Court said in a statement.
“Since FINMA had compelling reasons to believe that not relinquishing the customer data to the U.S. Department of Justice would have seriously impaired Switzerland’s financial markets and have led to serious repercussions for the Swiss economy, the action taken by it was shown to be lawful.”
The ruling overturns a 2010 decision by the Swiss Federal Administrative Court that FINMA’s decision was unlawful in a case brought by UBS customers whose data was handed over. If the Supreme Court had upheld that ruling, UBS clients could have sought damages from the Swiss state.
Monday, July 18, 2011
Brightbridge Wealth Management Headlines: Adobe 2Q tops profit, sales expectations
http://advice.brightbridgewealthmanagement-facts.com/2011/07/brightbridge-wealth-management-headlines-adobe-2q-tops-profit-sales-expectations/
SAN JOSE, Calif. — Adobe Systems Inc., the maker of Photoshop, Acrobat and Flash software, said Tuesday that net income for its fiscal second quarter grew 54 percent from a year ago as revenue rose 9 percent. It reaffirmed its sales target for the year.
Net income in the three months to June 3 climbed to $229.4 million, or 45 cents per share, from $148.6 million, or 28 cents per share, a year ago.
Excluding stock-based compensation expenses, an income tax windfall and other items, adjusted earnings came to 55 cents per share, more than the 51 cents per share expected by analysts polled by FactSet.
Revenue grew to $1.02 billion from $943 million a year ago, beating the $996 million expected by analysts.
Adobe said it expected third-quarter revenue between $1 billion and $1.05 billion. The mid-point is higher than the average analyst estimate of $1.02 billion.
The company said it also expects to post 50 cents to 56 cents per share of adjusted earnings in the third quarter, roughly in line with the 54 cents analysts are looking for.
Adobe reaffirmed its target for sales to grow 10 percent in the current fiscal year. That would put it on track to post annual revenue of $4.18 billion, above the $4.11 billion analysts are expecting.
Despite the solid outlook, Adobe’s shares fell $1.11, or 3.5 percent, to $30.90 in extended trading. The stock had closed the regular session up $1.06, or 3.4 percent, at $32.01.
Brightbridge Wealth Management Headlines: Venture Capital: 5 Tips for Nailing the Full Partnership Pitch
http://advice.brightbridgewealthmanagement-facts.com/2011/07/brightbridge-wealth-management-headlines-venture-capital-5-tips-for-nailing-the-full-partnership-pitch/
So you made it to the “full partnership pitch.” You have already had one (or likely multiple) meetings with a subset of a firm’s investment team, including a principal and perhaps a general partner. You’ve impressed your point person (or people) sufficiently so that you have been invited to present to the broader partnership. What do you do now? Here are five things to keep in mind.
1. Focus on Style, Not Just Substance
This may sound counterintuitive. However, if you have been asked to come in and present to the full partnership, you have already done a good job defining, defending and articulating your business plan, and addressing many questions and concerns. Your initial contacts from the firm have likely already written up one or more memos introducing your company, and have had multiple internal discussions about your company’s compelling prospective investment.
Now it’s showtime! Most likely, the partnership will already be familiar with the facts around your team, market, business model, product, customers, competition and financial projections. They are now looking for the “X factor” — your ability to present with pizzazz, to capture and sustain the attention of the room, to project a degree of informed enthusiasm and to showcase your natural leadership and sales abilities with a healthy spark of charisma.
Brightbridge Wealth Management Headlines: Microsoft rolls out Office 365 in cloud computing race
http://advice.brightbridgewealthmanagement-facts.com/2011/07/brightbridge-wealth-management-headlines-microsoft-rolls-out-office-365-in-cloud-computing-race/
In rolling out Office 365, the online version of its ubiquitous Microsoft Office suite, the Redmond, Wash., technology giant is looking to catch up to rival Google Inc. in the race to move business software residing on local computers to remote data centers accessible from anywhere. For a monthly fee starting at $6 per user, Office 365 will allow company employees to edit and store Word documents, Excel spreadsheets and PowerPoint presentations online and communicate with one another via email, instant message or video chat as they work on projects together, an element Microsoft said would allow workers to get more done. Larger companies and those looking for more features will pay more per month.
Cloud proponents say companies can cut costs by getting rid of their own servers — which are expensive and require frequent maintenance and security updates — and allowing technology firms like Microsoft and Google to handle the hard work of supplying businesses’ computing needs.
“What happens when Microsoft Office meets the cloud?” Chief Executive Steve Ballmersaid at a presentation Tuesday. “Collaboration happens in addition to productivity, anywhere for any business of any size.”
Though Microsoft has for years had a cloud element to its Office suite, the company has struggled to catch up to Google in the online software race. The search giant says its Google Apps software, which also includes word processing, email and other business applications, is used by 3 million businesses and 30 million people around the world.
Still, that number is a small fraction of the 1 billion global users Microsoft says it has for its traditional Office suite, which for years has been its bestselling product. In 2010, Microsoft’s Business Division, which makes Office, was responsible for 30% of the company’s $64 billion in annual revenue.
Brightbridge Wealth Management Headlines: Casey Anthony Facebook scam preys on social-media users
http://advice.brightbridgewealthmanagement-facts.com/
The Casey Anthony trial and not guilty verdict lit up Facebook, offering users updates and armchair analysis — but it also opened the door to scammers craving to cash in on people’s curiosity.
One of the most popular scams masquerades as a Facebook post urging the social media site’s nearly 700 million users to click on a link that plays a secret video confession by Casey Anthony, the 25-year-old acquitted July 5 in the first-degree murder of her 2-year-old daughter Caylee Marie.
Scam post message reads: “BREAKING NEWS – Leaked video of CASEY ANTHONY confessing to lawyers. Click To See – She can’t be re-tried, double jeopardy[sic]…OJ all over again!”
There is no video. There is no secret confession. However, scammers gain access to users’ Facebook walls, personal information, and share the viral scam using the unquestioned loyalty of their social media friends.
AllFacebook.com, a site which tracks trends, analytics and news about Facebook, shows that within minutes of the not guilty verdict, users posted 10 comments every second. Given that frenetic activity on the site, it’s no wonder scammers targeted it.
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