In September 2020, a North Korean hacking group known as Lazarus broke into a small Slovakian crypto exchange and stole virtual currency worth some $5.4 million. It was one of a string of cyber heists by Lazarus that Washington said were aimed at funding North Korea’s nuclear weapons programme.
How crypto giant Binance became a hub for hackers, fraudsters and drug traffickers
Defendant Allegedly Traded on Inside Information About NFTs That Were Scheduled to be Featured on The Homepage of The Largest NFT Marketplace
Damian Williams, the United States Attorney for the Southern District of New York, and Michael J. Driscoll, Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced today the unsealing of an Indictment charging NATHANIEL CHASTAIN, a former product manager at Ozone Networks, Inc. d/b/a OpenSea (“OpenSea”), with wire fraud and money laundering in connection with a scheme to commit insider trading in Non-Fungible Tokens, or “NFTs,” by using confidential information about what NFTs were going to be featured on OpenSea’s homepage for his personal financial gain. CHASTAIN was arrested this morning in New York, New York and will be presented today in the United States District Court for the Southern District of New York.
Former Employee Of NFT Marketplace Charged In First Ever Digital Asset Insider Trading Scheme
Status-seeking in women is more tolerated than is power-seeking.
The top 1 percent of earners, who make more than $804,000 a year, contributed 41 percent of the city’s personal income taxes in 2019.
About one-third of the people who left moved from Manhattan, and had an average income of $214,300. No other large American county had a similar exodus of wealth.
Here is more from the NYT.
New York Times, The Flight of New York City’s Wealthy Was a Once-in-a-Century Shock:
When roughly 300,000 New York City residents left during the early part of the pandemic, officials described the exodus as a once-in-a-century shock to the city’s population.
Visual graphic on the migration of millionaires
CTY cancelled this year, a big step backwards for talent!
“If we could preserve only one sentence…”
Sam Enright on optimal Covid policy
India’s next street food craze?
- 2000 arrested
- 76 countries involved
- Major efforts against BEC and romance scams
Thought of the week: Theft of government benefits: Fraud gangs around the world got rich applying for unemployment benefits and small business loans during the pandemic. I’m sure they learned a lot, and doubtless they would like to expand this to stealing other types of government benefits. All agencies will need to up their antifraud efforts
Need an expert witness for consumer protection or fraud issues? Let me know.
Fraud Studies. Here are links to the studies I’ve written for the Better Business Bureau: puppy fraud, romance fraud; BEC fraud, sweepstakes/lottery fraud, tech support fraud, romance fraud money mules, crooked movers, government imposters, online vehicle sale scams, rental fraud, gift cards, job scams, online shopping fraud, and crypto scams
Fraud News Around the world
- Do my heirs have to take over a timeshare I own? A short legal analysis – no they don’t, but they can
- Judge rules that class action can go forward against Apple for scams involving Apple gift cards; company profits from scams
- How Zelle Scams work and how to protect yourself
- Connecticut AG sues Hefty Trash bags over recyclable claims; once used they cannot be recycled
- Kolkata, India: Police bust call center scamming foreigners; arrest 12
- Los Angeles: Two Nigerians convicted of massive money laundering scam working with co-conspirators in Nigeria; handled $40 million; BEC, romance fraud and other scams
- Nigeria: 30 arrested for internet fraud in Abuja
- American candy stores in London found selling thousands of counterfeit Willy Wonka bars and other goods
- Nigerian police bust gang planning cyber attacks on ten banks
- Texas: More charges against operation that supported tech support frauds in India
- Police in Spain bust gang that sent Nigerian scam letters and collected money from victims
- Are robocalls from India declining and are efforts to challenge them working?
- Sydney, Australia police arrest nine for scam calling and impersonating government agencies; took in $2.5 million
- Montreal police arrest eight in action against gang that used fake caller ID numbers to pretend to be from bank and posing as employees
- Space station smells awful because people fart more in space
- $83 million cocaine shipment gets delivered to supermarket by mistake
- Indiana State Police arrest man driving motorized Walmart cart down the highway
- FTC warns Congress about relying on AI to fight online fraud
- FTC sending refund checks of $970,000 to victims of payday loan scam
- More FTC senior staff leave; Randy Tritell, head of International unit, resigns
- CFPB settles with student debt scam over debiting bank accounts of victims without permission
- FTC is sending $9.7 million to small businesses scammed by company that withdrew money from the accounts without permission
- FTC sends refunds of more than $2 million to victims of debt relief scam
- Massachusetts: Florida man arrested for $2.5 million PPP fraud
- Montana: Man gets 30 months prison for PPP fraud; got $1 million
- St. Louis:Woman pleads guilty to PPP fraud; got $291,000
- Oklahoma: Couple plead guilty to PPP fraud; got $743,000
- Boston: Man gets 39 months prison for PPP fraud; got $13 million
- Oregon: Vancouver man indicted for PPP fraud
- Ohio: Woman arrested for using identity of dead baby to apply for PPP loans; got $1.5 million
- Georgia: Five indicted for PPP fraud
- Detroit: Jury convicts man of PPP fraud; got $4.1 million
- Florida: Man arrested for PPP fraud; got $1 million
- Hits city of Palermo, Italy
- Attack on medical center in Yuma, Arizona steals data on 700,000
- Hits environmental group Montrose Environmental in Arkansas
- Attack on Cape Cod transit system
- Hits Japanese auto hose manufacturer
- FBI warns of increase in crypto scams from fake contacts on LinkedIn
- Investors in India lose $12.8 billion to crypto Ponzi scheme
- How Terra USD collapsed
- How crypto scammers reach victims
- New York: Canadian man gets 111 months prison for lottery fraud; extradited from Jamaica; got $2.6 million from older victims
- Orlando: Man gets four years prison for laundering lottery fraud money for Jamaican gangs
- Nigerian man extradited from the UK to Malta to face romance fraud charges
- Maryland: Nigerian man pleads guilty to romance fraud; got at least $2.5 million
- Ohio: Jury convicts Nigerian man for romance fraud
- Romance frauds thrive on victims in Taiwan
- FTC warns that romance scams are also common on LGBTQ dating apps