Tuesday, July 20, 2021

Bakers Report: US got 5.9 billion robocalls in June

Eddie Obeid, Ian Macdonald and Moses Obeid found guilty over rigged tender

KPMG settles legal claims after failing to spot fraud at Chinese group China Forestry’s IPO led to backlash against poor listing standards in Hong Kong

‘Illicit gain’: Australia accuses China of criminal cyber attacks

Keir Starmer, it’s time we had a frank discussion about tax 

Billion Years of Tectonic Plate Movement in 40 Seconds Visual Capitalist 

On This German Farm, Cows Are in Charge. Or at Least Coequals. NYT

Top Stories  

News Nigeria: How Ray Hushpuppi became wealthy as a social influencer and how he laundered BEC funds
Largest ransomware attack to date hits thousands of businesses in at least 17 countries through IT service companies
US got 5.9 billion robocalls in June

  • Up 11% from May
  • Spam text messages on track to reach 86 billion; a 55% increase from 2020
  • Most common robocall is for extended vehicle warranties

Singapore investigating 334 as money mules for BEC, romance, tech support and other scams
DOJ announces another $66 million in refund checks are going out to scam victims that sent money through Western Union

  • To date more than $300 million has gone to 142,000 victims

BBB Studies. Here are links to some of the study topics: puppy fraud, tech support fraud, romance fraud money mules, apartment rental, crooked movers, government imposters, online vehicle sale scams, rental fraud and gift cards.

Fraud News Around the world


FTC and CFPB  

Virus Benefit Theft

Business Email compromise fraud (read BBB study)


Data Breaches

Bitcoin and cryptocurrency

ATM skimming

Jamaica and Lottery Fraud (read BBB lottery fraud study)

Romance Fraud and Sextortion (read BBB romance fraud study)