Red Condor Warns of IRS Underreported Income Notice Spam

Email security experts at Red Condor have issued a warning for a new blended email threat that once again spoofs the Internal Revenue Service. The text-based email, which has a variety of subject lines, such as “the CP2000 notice (Underreported Income Notice),” is asking recipients to “review your tax statement on Internal Revenue Service (IRS) website.” When someone clicks on the link, they are taken to a landing page that includes the IRS header, as well as a link to the IRS Privacy Policy. On the landing page, visitors are asked to “Please review (download and execute) your tax statement.” The link on the page actually installs a version of the Zbot Trojan, which hides itself on compromised computers and allows remote attackers to steal bank-related information, log-in details and other personal data. This campaign is being sent from a botnet, has a moderate to high volume, and more than 2,000 unique sending IP addresses. A similar campaign was blocked in the fall of 2009. 

“Given its familiarity with so many people, the IRS is a common target, especially during this time of the year as consumers and businesses are getting ready for tax season,” said Dr. Tom Steding, president and CEO of Red Condor. “In addition, many people fear the IRS, and an email with the subject line containing underreported income does catch people’s attention. Unfortunately, because the email appears to come from the federal government, they may be more likely to follow the instructions in the email. And it doesn’t take very many people clicking on the links for the spammers to profit from the campaign.”   

As with past IRS spam warnings, the IRS has made it very clear that it does not communicate with individual taxpayers via email, so any email with the IRS’ brand on it is likely going to be a scam and should be forwarded to the IRS at phishing@irs.gov and then deleted. 

This campaign was detected by Red Condor’s Spam Trigger filter, which quickly identifies spam and phishing campaigns before they penetrate users’ networks. Once identified, the campaigns are quarantined and reviewed as rules are written and automatically distributed to Red Condor’s antispam appliance and Hosted Service customers. 

Visit http://www.redcondor.com/resources/whitepapers/new-threa ... to download Red Condor's white paper on emerging email threats.

Sourec: http://www.prlog.org/10594525-red-condor-warns-of-irs-underreported-income-notice-spam.html

CNX Gas Corporation takeover under investigation for investors

CNX Gas Corporation faces multiple investigations on behalf of current investors in CNX Gas Corporation (Public, NYSE:CXG) concerning shareholder claims over possible breaches of fiduciary duty by the board of directors of CNX Gas Corporation (Public, NYSE:CXG) was announced.

If you currently hold shares of CNX Gas Corporation (NYSE:CXG), you have certain options and you should contact the Shareholders Foundation, Inc by email at mail@shareholdersfoundation.com or call +1 (858) 779 – 1554.

The investigations by law firms focus on potential breaches of fiduciary duty and other violations of state law by the Board of Directors of CNX Gas Corporation arising out of their attempt to sell CNX Gas Corp to CONSOL Energy, Inc. CNX Gas Corporation, located in Pittsburgh, PA, is engaged in the exploration, development, production and gathering of natural gas primarily in the Appalachian and Illinois Basins. CNX Gas Corporation reported in 2007 Total Revenue of $479.48million with a Net Income of $135.68million, in 2008 Total Revenue of $789.42million with a Net Income of $239.07million, and in 2009 Total Revenue of $683.44million with a Net Income of $164.46million.
On March 21, 2010, CONSOL Energy Inc announced that it had entered into an agreement to purchase the remaining shares of CNX Gas Corporation that it does not currently own. ONSOL Energy currently owns approximately 83.3% of the approximately 151 million shares of CNX Gas common stock outstanding. According to the agreement, CONSOL Energy Inc will pay $38.25 per CXG share for the 9.5 million shares that are currently owned by investment advisory clients of T. Rowe Price Associates, Inc. and CONSOL Energy agreed to commence a tender offer for the remaining outstanding shares of CNX Gas Corp. by May 5, 2010 at a price of $38.25 per share. According to CONSOL Energy Inc the offer represents a 24% premium over the closing price on March 19, 2010. Shares of CNX Gas Corporation traded after the announcement at $38 per share, and at $31 per share days before the news.

CXG shares reached over $41 per share in 2008, and closed at $35.45 as recently as October 20, 2010.

According to one investigation by a law firm “the transaction appears to be unfair” to current investors of CNX Gas Corporation (NYSE:CXG) because the “offer to purchase the remaining shares of CNX Gas Corporation (CXG) at $38.25 per share appears is grossly unfair, inadequate, and substantially below the fair or inherent value of CXG”. The investigations concern “whether the CNX Gas Corp. Board of Directors breached  their fiduciary duties to CNX Gas Corporation (CXG) shareholders by failing to adequately shopped CNX Gas Corporation before entering into the proposed transaction and whether CONSOL Energy Inc may be underpaying for CNX Gas Corporation (CXG), thus unlawfully harming CXG shareholders”.  

Those who currently hold shares of CNX Gas Corporation (NYSE:CXG), have certain options and should contact the Shareholders Foundation, Inc by email at mail@shareholdersfoundation.com or call +1 (858) 779 – 1554.

Source: http://www.prlog.org/10590810-cnx-gas-corporation-takeover-under-investigation-for-investors.html

Real Estate Investing And Your Personal Goals

The term Real estate is associated with and also includes lands, buildings, plots, farm lands and any ground where the investment can be made. There is also an inclusion of leasehold, real property and stock-in-trade which is concerned with the business.  
In today's market, real estate investment is the business which offers more financial profits with less risk factor and this business is well thought-out to be the best option for investment.

For past few years Real estate investing is becoming popular among the investors and it is also considered as one of the most common investment vehicle. It has lot of opportunity to grow and increase the profits.

Few tips on how to go for real estate investing and gain profits:

1. Cash flow: Here the investor purchases the property and turn out to be its owner. At the time of going further for any deals see to that your payment and the expenses incurred is not exceeding your income which you will receive, and it advisable not to have any direct deals with the tenants.

For more : http://www.realestatemillionairecode.com/

2. Buying and selling of the property:  as a business tactics first buy the property for the lesser price and sell the same property by increasing the actual price of the property (i.e.) selling price of the property should be high than the buying price. If suppose it happens that you have bought the real estate property which needs some improvements and cost has to be incurred for its service. If so, then while the time of selling include all the cost incurred during the time of its improvement. The holding costs will be inclusion of utilities, taxes, mortgage payments and other normal maintenance cost.

3. Private lending: it is one of the best options for real estate investing. This is one of the best methods in real estate investment. By holding trust, you can charge more interest has your money is been cosseted by the property.

Financing in an artistic way: An investment in Real estate is not like a business of retail store. Once the investment has been made it is essential to identify what are the goals and objectives that have to be fulfilled. Make a decision whether you are willing to give your house for rent for enjoying the annuity or you are willing to flip the asset for making more short-term profits. For a long term investment it is better to have fixed mortgages as it helps in forecasting of cash flow. Ensure that you are leveraging all the benefits of tax by means of depreciation and expenses incurred.

There are various benefits in real estate investing you can arrange the money for investment from the financial institutions by keeping the property under their possession. You can earn income by renting out your property. As the year passes the term property appreciation applies (i.e.) the value of the asset keeps rising as the year passes.

Source: http://www.prlog.org/10589023-real-estate-investing-and-your-personal-goals.html

Medivation, Inc. Long Term Shareholder Investigation

A MDVN investor filed a lawsuit on behalf of purchasers of Medivation, Inc. (NASDAQ:MDVN) common stock during the period between July 17, 2008 and March 2, 2010, against Medivation, Inc. Meanwhile an investigation on behalf of current long term investors in Medivation, Inc. (NASDAQ:MDVN) was announced.

If you are a current long term investor in Medivation, Inc. (NASDAQ:MDVN) common stock, you have certain options and you should contact the Shareholders Foundation, Inc. by email at: mail@shareholdersfoundation.com  or at: +1 (858) 779 – 1554

Medivation, Inc., located in San Francisco, California, is a biopharmaceutical company with small molecule drugs in clinical development to treat three medical needs: Alzheimer’s disease, Huntington’s disease and castration-resistant prostate cancer. According to the complaint filed in in the United States District Court for the Northern District of California the plaintiff alleges that Medivation, Inc. and certain of its officers and directors violated the Securities Exchange Act of 1934 by issuing between  July 17, 2008 and March 2, 2010 false and misleading statements regarding its drug Dimebon. Then, on March 3, 2010, before the market opened, defendants were forced to publicly disclose that Dimebon did not meet primary and secondary goals in a Phase 3 trial for patients with mild to moderate Alzheimer’s disease, and as a result of this news, Medivation’s stock plummeted $27.15 per share to close at $13.10 per share on March 3, 2010 – a one-day decline of 67%, so the lawsuit. Shares of Medivation, Inc. (NASDAQ:MDVN) continued to decline from its 52weekHigh of $40.49 per share to $12.10 per share on Tuesday, March 09, 2010.

Those who are current long term investors in Medivation, Inc. (NASDAQ:MDVN) common stock, have certain options and should contact the Shareholders Foundation, Inc. by email at: mail@shareholdersfoundation.com  or at: +1 (858) 779 – 1554

Source: http://www.prlog.org/10586773-medivation-inc-long-term-shareholder-investigation.html

Trading Forex Options and Options On Currency ETFs

Predictably, the 3G auctions have attracted only existing 2G players -- Aircel, Bharti, Etisalat, Idea, Reliance Telecom, S Tel, Tata Teleservices, Vodafone and Videocon Telecom -- with not a single new entrant, global or Indian, in the list.

TOI was the first to predict, way back on August 12, 2008, that new players would probably stay away from the 3G auctions after the auctions were first announced. Even after the guidelines were revised for the 2010 auctions, the barriers for new entrants remained unchanged. The absence of global bidders is likely to ensure that the bidding will be conservative, and probably lower than the ambitious Rs 40,000 crore revenue target first announced by telecom minister A Raja.

The BWA list has four new players -- Augere, Tikona Wireless, Infotel Broadband Services and The foreign exchange market is much larger than then equity markets although unlike equity (stock) options the currency option market is mainly Over The Counter (OTC). A global futures broker such as Enfinium International provides access to options on currency futures. However if your broker doesn’t support futures or options on futures you can still gain derivative exposure by trading options on currency exchange traded funds (ETFs), such as issued by Rydex CurrencyShares.

For example, if one wanted to take a bearish position on the AUD relative to the USD, then you could to do so via an Australian Dollar CurrencyShare ETF which trades with ticker code FXA. The CurrencyShares Australian Dollar Trust is designed to track the price of the Australian Dollar net of Trust expenses, which are expected to be paid from interest earned on the deposited Australian Dollars. www.etffunds.com.au provides a complete list of forex ETFs.
 
Various bearish strategies are:-

1.   Short the underlying
2.   Long put
3.   Bear call spread
4.   Bear put spread
5.   Ratio put spread
6.   Put time spread

The basic component of most bearish options strategies are put options. Put options changed the way traders profit when a stock goes down as there is no need to sell short, which resulted in a margin requirement. Previously, profiting when a stock dropped in price only happened when you short sold the stock itself. When shorting, margin is held to cover any potential risk with an adverse price move.

In summary currency ETFs are used to gain exposure to the world’s largest financial market – the forex market. If a trader is looking to take a speculative or hedged position on a currency, one can do so using a currency ETF.

Source: http://www.prlog.org/10585881-trading-forex-options-and-options-on-currency-etfs.html