Cambodia deports 64 Thais who have been kidnapped to work in Chinese-funded scam boiler rooms; police crack down
Wired: Victims of crypto scams get little help from police; find they just are not trained to help
Frauds getting money through Zelle are up sharply; banks report a dramatic increase
BBB issues report about online fraud
- Online scams up 87% since 2015
- 75% of scam victims that lost money was to online scams
- Top three scams are: 1. online purchases, 2. crypto, and 3. romance fraud
New links!
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, free trial offer frauds, job scams, online shopping fraud, and crypto scams
Fraud News Around the world
- UK sees 21% increase in scams selling nonexistent cars on line
- EFCC in Nigeria arrests two brothers and 24 others for internet fraud
- South Africa: Two Nigerians, members of Black Axe rival Air Lords, arrested for internet fraud
- Do children have to be stuck with an inherited timeshare? No.
- Boston: Man indicted for rental fraud; targeted Spanish speakers
- Toronto police arrest man for rental fraud
- Georgia: Two men (Chinese) plead guilty to fraud; laundered gift cards bought at Walmart from victims of tech support, romance, and other fraud; kept 3% of funds
- Arizona: Man gets 18 months prison for identity theft to steal social security benefits; must pay $1.3 million restitution
- Nigeria arrests 93 for internet fraud
- Cambodia: 261 people rescued so far from boiler rooms where they had been kidnapped and forced to scam people
- Credit card scam makes tens of millions by using stolen credit cards to enroll victims in monthly subscriptions to fake dating web sites set up in Russia; also used bogus customer service to contest efforts to challenge charges
- US and UK agree on data sharing arrangement for serious crimes
- Georgia: Nigerian man gets 25 years prison for laundering money from romance, BEC, and other scams; handled $9.5 million; recruited at least 8 money mules
- UK reports big jump in text messages offering support for energy costs
- FBI and intellectual property rights center warn about sales of counterfeit batteries
- New California law makes jaywalking legal
- CIA funding company that is trying to bring back extinct species like the Wooly Mammoth
- Miami Dolphins fans set up strip club in parking lot for tailgaters
- 10th Circuit Court of Appeals affirms injunction, restitution order from CFBP against short term lender
- American Banker’s Association sues CFPB; contends that it violates administrative procedure act
- CFPB releases study on recovering money from adult financial exploitation (its complicated)
- Analysis: Is discrimination an unfair act or practice under FTC and CFPB law?
- Opinion in The Hill: The case against the FTC
- St. Louis: Woman pleads guilty to PPP fraud as well as separate embezzlement
- New Hampshire: Former IRS employees plead guilty to EIDL fraud; got $62,300
- State of Virginia has issued four sets of indictments for theft of unemployment benefits
- Virginia: Man, gang member, gets 27 months prison for theft of unemployment benefits
- Five IRS employees charged with PPP/EIDL fraud; got over $1 million
- Tampa: Quebec man gets 20 years prison for ransomware; ordered to pay back $21.5 million
- Hits biggest electric utility in Ghana
- Attack on William Carey College in Mississippi
- Gang leaks data from Los Angeles school system after it refuses to pay ransom
- State of Delaware freezes 24 crypto accounts in effort to fight romance scams
- Ohio: Nigerian man living in Cleveland gets 2.5 years prison for acting as a money mule for romance fraud victims; got $438,000; some money went on to Nigeria
- How a Chicago woman, a romance fraud victim, was sent a fake check and lost all