THOSE WHOM THE GODS WOULD DESTROY, THEY FIRST MAKE MAD
Facebook gets more from HMRC for adverts than it pays in tax
TikTok Parent ByteDance’s ‘Sensitive Words’ Tool Monitors Discussion Of China, Trump, Uyghurs Forbes
Brooklyn: Russian man indicted for platform Try2Check which tests stolen credit card numbers to see if they are valid; sold service on the dark web; made at least $18 million; large reward offered for his capture
New study released on romance scams
- State by state breakdown of victims/losses
- Crypto most common payment method
- Survey of most common reasons scammers claim to need money
- 75% of victims have college educations
- 100 most common photos used
Hollywood movies and the mass media in general often romanticize the cunning cleverness of the con grifter and fail to show the consequences to victims, as if fraud was a victimless crime.
Research reveals a much different reality, one in which fraud victims experience much pain and trauma, in addition to their financial losses. Ganzini and her colleagues found that among the victims of a Ponzi scheme, 45% experienced generalized anxiety, 29% were clinically depressed, and over 6% had suicidal thoughts (all rates greater than a matched control). Boyd and his colleagues investigated the victim impact of the Eron securities fraud and observed that among those losing more than $50,00, 54% stated it harmed their emotional well-being, 29% their physical health, and over 20% noted that it had damaged friendships and family and marital relationships. In a UK survey looking at the victims of frauds such as bogus investments, fake lottery, advanced fee fraud, and identity theft, Button and his colleagues showed that victims reported feeling anger and stress, with 39% reporting psychological and emotional issues, 17% damage to family and partner relationships, 11% physical health problems, and just under 2% reporting an attempted suicide.
Sadly, these research findings are often observed by those who work with fraud victims. As victim advocate Debbie Deem describes, fraud victimization often results in a loss of trust in others, in society and its institutions, in family and friends, and even in one’s own ability to make decisions.
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, fake check fraudand crypto scams
Fraud News Around the world
- New Hampshire: Man gets six years prison for identity theft used to buy and steal cars
- Ontario Provincial Police arrest Quebec man for grandparent fraud who picked up victim money in person
- Indiana: Woman arrested for rental scam; advertised on Facebook
- Nigeria arrests fake police officer, 42 others, for internet fraud
- Philippines rescues more than a thousand people from job scams who were forced to work in Asian scam rooms targeting US, Canada, and Europe
- Texas: Man gets four year prison for selling the US government products he claimed were Made in the USA but really from China; must pay $1.1 million restitution
- Things NOT to search for on Google; scammers are there
- Baltimore: Man gets five years prison for stolen credit cards; reencoded them with names of real people with accounts
- Woman with walker tries to rob New Orleans bank
- Man stopped for DUI found to be dressed like a can of Bug Light
- Three arrested for selling fake glasses that “let you see people naked”
- FTC sending $176,000 in refunds to victims who bought clothing falsely labeled Made in the USA
- CFPB sending $22 million to victims of Burlington Financial; company offered debt relief
- Court dismisses FTC case against seller of geolocation data
- FTC gets court order shutting down two California student debt relief scams; claimed to be Department of Education; got at least $12 million
- Indianapolis: Nigerian man gets three years prison for ID theft to steal unemployment benefits; got $197,000
- Florida: Couple get 40 and 24 months prison for PPP, EIDL fraud; got $4.8 million
- Queens, New York: Woman charged with PPP and unemployment benefit fraud
- San Diego: Man from Morocco arraigned for PPP fraud; got more than $400,000
- Buffalo: Man gets 30 months prison for PPP fraud
- Colorado: Man indicted for PPP fraud; got $500,000
- Kansas City: Twelve indicted in scheme to steal PPP benefits; got $250,000
- Facebook warns of email that pretends to be from Meta;they want you to open a link that downloads software
- New York: Man extradited from the UK pleads guilty to major Twitter hack, including accounts of celebrities; also to SIM swapping
- Attack on Dallas, Texas shuts down 911 emergency call system and forces courts to close
- Hits Italian supplier of drinking water
- Scammers hijack alert system of Virginia University to tell students/staff that their data would be made public due to ransomware attack
- California county government pays $1.1 million ransom
- Attack on South Carolina church
- California: Two men from Romania and Italy arrested for ATM skimming; had arrived in the US days before through Canada
- Florida: Man arrested for ATM skimming
- Michigan: Three Nigerian men indicted for sextortion; to be extradited from Nigeria; pretended to be girls on social media, got local teen boy to share sexual material and blackmailed him; suicide results
- Filipinos kidnapped in Thailand and forced to run romance scams in Myanmar; inside the operations