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Joe Melomo, from Austin, Texas, testifies on Capitol Hill in Washington, Wednesday, April 30, 2014, before the Senate Special Committee on Aging hearing on 'Exploring the Perils of the Precious Metals Market' . Melomo says he lost more than $200,000 after investing in gold and silver with a Florida-based precious metals company, almost everything he had saved for retirement.  (AP Photo)
Joe Melomo, from Austin, Texas, testifies on Capitol Hill in Washington, Wednesday, April 30, 2014, before the Senate Special Committee on Aging hearing on 'Exploring the Perils of the Precious Metals Market' . Melomo says he lost more than $200,000 after investing in gold and silver with a Florida-based precious metals company, almost everything he had saved for retirement. (AP Photo)
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Senate Probes Precious Metal Scams

Joe Melomo says the phone call promising a "safe" investment in gold and silver offered him hope, a way to help cover the enormous bills from his restaurant. But Melomo says those pledges of huge profits with little risk never once mentioned whopping, hidden fees that ended up wiping out most of his retirement savings.

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Category: Money & Business, News
Target
Christopher Polk, Getty Images
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Target: Data Breach Reached 70M Customers

Target says that personal information — including phone numbers and email and mailing addresses — was stolen from as many as 70 million customers in its pre-Christmas data breach. That was substantially more customers than Target had previously said were affected

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Money
Flickr User stevendepolo
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Would You Have Fallen for This North Plainfield Scam?

We've talked about scams before on the show. We're sympathetic. We understand how good the scam artists can be. How they catch people off-guard and use finely honed psychological manipulation and great acting skills. Sure. But this one is just ridiculous.

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