Kentucky: Romanian man gets 7.4 years prison for scheme that “sold” nonexistent used cars, boats, and RVs on line but just stole victim funds; part of a RICO case; 24thman sentenced; he laundered $3.5 million
Five countries responsible for the most fraud: Nigeria, India, China, Brazil and Pakistan
Review and recommendation/Courtroom Drama of the week: 12 Angry Men. Released in 1957 it involves a jury’s deliberations in a criminal case. It stars Henry Fonda, but the entire cast is great, with many familiar faces. Truly a great movie.
Question of the week: How is it that air traffic systems in both the US and Canada go down at the same time the Royal Mail is crippled with computer problems? There has to be more to these stories than just "we'll look into it.”
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 man gets over 3 years prison for Ponzi scheme based on sport betting; investors out over £1 million
- Denmark arrests 135 money mules who laundered money from fraud victims
- Southern Illinois: Tampa man gets six years prison; acted as money mule collecting from victims of callers who impersonated law enforcement who said people were victims of identity theft; calls came from India; laundered $481,000
- Cleveland: Woman gets two years prison for identity theft used to steal pension benefits owed to different man
- Washington state sues plastic surgery clinic practices aimed at inflating online reviews
- UK crime agency starts up a new crypto unit
- Hong Kong: 18 arrested for laundering fraud money; including Nigerian man; many handled funds for romance fraud; HK $35 million lost by victims; 13 were domestic helpers who opened bank accounts and the scammers then removed proceeds through ATMs
- Louisiana: Man gets 11 years prison for identity theft used to apply for student loans; got $1.8 million
- Laid off tech workers facing a deluge of job scams; complaints tripled since 2019
- Massachusetts: Man pleads guilty to using stolen identities to buy new cars and set up bank accounts; shipped many of the stolen cars out of the US
- Drinkers needed to help police with field sobriety testing
- Suspected drunk driver does back flip during field sobriety test
- Burglars arrested after breaking in to diaper cleaning business instead of medical marijuana store next door
- CFPB settles case against law firm that filed junk lawsuits against victims of debt collection companies
- FTC warns of online quizzes – information sought in those might be used to answer security questions in online accounts
- Texas: Man who ran tax preparation service pleads guilty to PPP fraud as well as false claims on returns; got $18,000 PPP money
- Florida: Attorney gets 41 months prison for PPP fraud; got $1.8 million
- Oklahoma: Three indicted for PPP fraud
- IG reports that at least 50 in Cook County (Chicago) clerk of Court’s office suspected of PPP fraud
- Maryland: Couple charged with PPP/EIDL fraud, as well as theft of unemployment benefits
- Georgia: Soldier gets 42 months prison for PPP fraud; took in $3.5 million
- California: New Jersey man pleads guilty to ID theft to steal California unemployment benefits; also fraud in getting EIDL loans; got $1.2 million from EIDL
- South Carolina: Charges against three postal service employees for PPP fraud; may have got $8 million
- West Virginia: Woman gets probation for PPP fraud; got $42,000, which she must repay
- Taiwan warns that scammers are sending text messages to get victim tax rebates
Milwaukee: Man gets five years prison for false IRS refund claims; got $1.1 million
- Crypto group DCG under investigation by SEC/DOJ
- Coinbase to pay $100 million in agreement with New York from money laundering
- Cleveland: Man pleads guilty to stealing $4.8 million of bitcoin from the IRS; which held it under seizure from money laundering scheme on the dark web
- New York: French man arrested at New York airport for defrauding NFT company out of $2.9 million; provided investors with nothing
- Spain arrests two more promoters of Forcount crypto Ponzi scheme based in Brazil; took in $8.3 million from Spanish-speaking investors worldwide
- Europol takes down call centers selling investments in crypto that didn’t exist; 15 arrests; 22 locations searched in Serbia, Bulgaria, Cyprus; at least €2 million lost