Articles of Note
Big stars, international spies, sublime cynicism: A dispatch from the Cannes Film Festival
TikTok challenge reveals simple task all women can do ‘but men can’t’
New Books
In the early 18th century, a Greek secret societycentered on blood oaths and cryptographic language launched a murderous, messianic uprising
Essays & Opinions
Photography and grief. "Sometimes I wonder if the hours I’ve spent with images of corpses has been an act of mitigation
New York City Ballet’s Amar Ramasar Gives His First Interview Since The Nude-Photo-Sharing Scandal
FTC releases new data on cryptocurrency fraud
- Victims report $1 billion in losses since start of 2021
- $575 million of that from investment scams
- Crypto now the largest overall payment method for frauds
- Nearly half began on social media
- Now 1/3 of money lost to romance frauds was in crypto
- Government imposter scams sending victims to Bitcoin ATM’s
- Those 20-29 three times as likely to be a victim of a crypto scam than older
Australia reports a 166% increase in losses to investment scams in the first three months of the year; those mostly involve crypto
Singapore: Malaysian teenager applied for a job on Facebook to be a customer service agent in Cambodia but was kidnapped and forced to do internet frauds
Tip of the week -- Gun scams. The same scammers that “sell” nonexistent puppies and pets are now offering guns and ammunition. A new site provides a place to learn about and report these scams. See gunscams.com.
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
- Class action filed against Navy Federal Credit Union over not adequately notifying customers that the CU would not reimburse for fraud losses through Zelle
- New BBB update to study about government imposter scams finds big increase in losses, especially to Social Security impersonators
- FTC warns about scammers pretending to be from Customs and Border Protection
- Class action filed against ticket broker Vivid Seats over adding hidden fees at the end of the transaction
- New York passes law forcing disclosure of full prices of event tickets
- Seattle: Woman indicted for online sales of counterfeit goods she got from China
- Scam call centers flourish in the country of Georgia; especially crypto calls
- India to expand efforts to fight robocalls: Wired
- Calgary man arrested for grandparent scam
- EFCC in Nigeria arrests 92 Yahoo boys for internet fraud
- Virginia: Man from India gets three years for tech support fraud; opened business in the US with calls handled by rooms in India
- FBI thwarted Iranian cyberattack on Boston Children’s Hospital
- Nigeria convicts three Yahoo Boys from fraud
- Social Security warns that scammers are using the names and credentials of real people at the FBI, SSA, and other agencies
- Australia sues Airbnb; deceptively prices locations in US dollars; victims think they are Australian dollars
- Amazon seized 3 million counterfeit products last year; also shut down 2.5 million fake accounts
- New Jersey AG issues guidelines for new law the requires retailers to train employees to fight gift card fraud
Humor
- Benwell arsonist found with cannabis between his buttocks torched property after downing six litres of wine
- Alabama Woman Drove ‘International Commercial Truck’ into Mobile Home After Arguing with Boyfriend on Memorial Day: Cops
FTC and CFPB
- FTC provides annual report to CFPB on enforcement of Truth in Lending Act, other finance laws
- FTC asks for comments on dot com disclosure guides; concerns that companies claim they shield deceptive practices
- FTC settles with company that used deception in offering loans to small businesses; to pay $2.7 million
- FTC sues shoe company for unsupported claims of pain relief; also violated earlier FTC order
- FTC returns $164,000 to victims of mortgage scams
Virus Benefit Theft
- Tennessee:Woman indicted for PPP fraud; bought Maserati and luxury goods
- New York: Man gets 51 months prison for PPP fraud; got $6.8 million
Ransomware
ATM skimming Jamaica and Lottery Fraud
Romance Fraud and Sextortion
- Ohio: Jury finds man, presumably Nigerian, guilty of laundering money from romance scams
- New York:North Dakota man convicted of laundering over $1 million from romance scams on behalf of scammers in Ghana
- Mississippi: Two Nigerians plead guilty to romance fraud conspiracy; collected victim money and sent it to Canada and Nigeria