The Ethereal One Fleurieu Grenache 2020
Top Stories
DOJ/FTC announce settlement of case against Twitter over privacy violations; company to by $150 million fine
Nigeria, working with Interpol, arrests head of fraud gang Silver Terrier, involved in BEC and other frauds
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
- US Customs in Louisville seizes $3.6 million in counterfeit goods, including prescription medicine
- Durham, Canada police arrest three for grandparent fraud
- Deep Fakes may be able to evade biometric scanners
- Latvia arrests man wanted for extradition to the US over sales of nonexistent cars, boats and construction equipment
- Group issues report critical of self-regulation efforts of the multi-level marketing industry
- Australia: Man convicted of laundering money from puppy fraud victims into crypto; handled $50,000; kept 10%
Humor
- Two arrested for illegally transporting house, abandoning it on road
- Peruvian police capture pigeon being used to fly drugs into prison
- Ohio police find drunk Amish guy slumped over in carriage; say horse knew the way home
FTC and CFPB
- In House testimony, FTC asks for budget increase and to add 215 new people
- FTC sending second round of redress checks to victims of payday lending operation AMG; 690,000 checks for $152 million
- CFPB issues interpretive rule allowing States to enforce Consumer Financial Protection Act and 18 other consumer finance laws
- FTC proposes beefing up endorsement standards to address problems of fake online reviews
- CFPB and New York AG shut down scam debt collector; to pay $4 million penalty
- FTC gets order with telemarketer that deceptively sold magazine subscriptions; original order had been set aside due to loss of fraud authority
- FTC announces investigation into infant formula shortage
Virus Benefit Theft
- Florida: Woman gets 2 ½ years prison for PPP fraud; got $632,000
- Texas: 18 arrested for PPP fraud conspiracy
- Hawaii: Man pleads guilty to PPP fraud; got $1 million
- Georgia: Man gets 15 years prison for PPP fraud; got $11.1 million
- Albany, NY: Woman pleads guilty to PPP fraud; got $1.6 million
- Massachusetts: Woman pleads guilty to stealing identities to get unemployment benefits in several states
- Texas: Man who played the Red Power Ranger arrested for PPP fraud
- UK: Fraud in small business bounce back loans cost £5 billion, only £5 million recovered thus far
- Virginia: Man settles civil suit with DOJ over PPP loans
- Oklahoma: Man gets four years prison for PPP fraud
- Washington State AG recovers $18.8 million in stolen unemployment benefits
- Washington:Woman indicted for PPP fraud
Social media
Business Email compromise fraud
- New York: Nine years prison for man from Ghana who was top money launderer for Ghana-based fraud operation doing BEC and romance fraud; handled $34.5 million; also engaged in EIDL loan fraud
- Florida: Jury convicts man of laundering BEC money from real estate fraud; sent money on to Spain and South Africa
- New York: Nigerian man extradited from the UK for BEC fraud
Ransomware
- Hits Chicago public schools, affects 500,000
- City of Quincy, Illinois out $650,000 over ransomware attack; paid ransom
- Attack on Oklahoma ambulance authority
Bitcoin and cryptocurrency
Jamaica and Lottery Fraud
Romance Fraud and Sextortion
- Europol arrests 13 and busts gang located in Italy that ran romance fraud on elderly men; run by Romanians; got more than € 1 million
- Maine:Woman, presumably romance fraud victim, pleads guilty for actions as a money mule for money from fraudulent FEMA benefits
- Florida: Man pleads guilty to romance fraud; pretended to be a surgeon; took $1.3 million from 30 women; contacted victims on dating sites
- California teen boy commits suicide after online extortion attempt over compromising video