Turkey: Wow! Three men each get 11,116 years in jail for crypto investment fraud
Hackers in North Korea stole $200 million in 2023; over $2 billion in the last five years
FinCEN issues alert warning of increase in mail theft; fake checks
Turkey: Wow! Three men each get 11,116 years in jail for crypto investment fraud
New scam tactic? Caesars casino in Las Vegas suffered a ransomware attack after a caller pretended to be an employee who wanted to change their password. Who monitors password change requests at your organization? Is it pretty easy to change one? And it seems that this approach could easily be adapted for other scams.
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
- Singapore: Ten arrested for acting as mules for scam that put malware on Android phones and got access to bank account information
- Cambodia arrests five Thai citizens from bogus lending operation; to be extradited to Thailand; one victim killed himself and family over the debt
- American Airlines sues scam travel agencies that appear at the top of Google searches and impersonate AA
- Washington, DC: Jamaican woman charged with fraud in online debt relief operation; got fees upfront but no loans issued
- Australia sues eHarmony dating over subscription terms; “free” services
- US, UK, and EU see increase in frequent flyer fraud; scammers advertise fake sites at the top of search results
- Boston: Man gets 102 months prison for using stolen ID’s to buy new cars and steal them; at least 50 cars involved
- Europol issues report on extent of ransomware and other malware attacks
- Southern Illinois: Chinese woman pleads guilty to gift card scam that placed bogus bar codes on cards at retail stores so that funds went to them
- Nevada rapper arrested after doing music video confessing to murder
- Wanted UK farmer nabbed after he set up a profile on Match.com
- CFPB gets order against Tempoe Leasing company over deceptive practices; must pay $36 million
- FTC gets permanent injunction against stock trading fraud; but can’t get $40 million money lost by victims because lack legal authority to do so
- FTC settles with online shoe seller Hey Dude over delivery issues and suppressing bad reviews; must pay $1.95 million
- FTC brings action against background report companies for deceptive claims; to pay $5.8 million
- Texas: Court rules CFPB authority does not allow it to challenge claims of discrimination as unfair
- 7th Circuit affirms the FTC’s use of Section 19 to get restitution for fraud victims; case had gone to the Supreme Court
- Florida: Woman pleads guilty to PPP fraud; got $20,000
- US GAO concludes that 11-15% of pandemic unemployment benefits went to fraudsters; between $100 billion and $135 billion lost
- West Virginia: Man pleads guilty to PPP fraud; got $451,000
- 14 employees of Chicago Public Schools fired or resign over PPP fraud
- Southern Georgia:20 cases against PPP fraud; losses $11 million
- Pennsylvania: Former church pastor gets two years prison for PPP fraud; got $662,000
- Boston: Social media influencer gets five years prison for PPP fraud; got $1.5 million
- Bob Sullivan explains the recent UN report on job seekers kidnapped and force to scam in SE Asia
- Myanmar: 1200 Chinese working at scam call centers arrested and handed over to the Chinese police
- Shuts down computer systems of Hinds County, Mississippi
- US, Britain sanction 12 Russians for ransomware; US indicts 9, for ransomware
- Hits major Las Vegas casinos, including Bellagio and MGM Grand
- Massive attack on email domains used by the UK government
- Hits email servers for Sri Lanka government and wipes out months of email
- New York: cofounder of bogus crypto “Onecoin” gets twenty years prison; used MLMs to market them
- Thailand arrests five over $2.7 million crypto fraud
- Jamaica extradites two women to the US; one for lottery fraud and the other for murder
- Jamaica arrests man for lottery fraud
- Jamaica arrests two for lottery fraud
- Nigeria returns money lost to a US romance fraud victim
- South Africa arrests man for romance fraud
- Wired on crypto romance fraud
- FinCEN issues alert on crypto investment fraud
- Thailand arrests Turkish man for romance fraud
- The dangers of suicide by romance scam victims
- Australia arrests three for romance fraud
- Indonesia: 42 from China arrested for romance fraud