Chainalysis issues 2024 crypto crime report
John Oliver HBO program on crypto romance scams and scam call centers in Myanmar; very good, complete, and includes humor. Runs 45 minutes
FTC warns never to move your money to another account to “save it,” this is always a scam
BBB issues annual scam tracker risk report
- Those 18-24 lost the most money
- Contacts with scammers on social media were up to 64%
- Crypto romance scams also increase
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, free trial offer frauds, job scams, online shopping fraud, fake check fraudand crypto scams
Fraud News Around the world
- Toronto man pleads guilty to binary options investment fraud; most victims in the Netherlands; got $49 million
- UK police say replacement unit for Action Fraud will not be ready by April
- Cayman Islands: Woman gets six and a half years prison for rental fraud
- Canada: Competition Bureau announces fraud prevention month; reported fraud losses rose $37 million last year
- UK: Lloyds bank reports that impersonation scams were up 13% last year
- Rhode Island: Man who went to homes to pick up money from grandparent fraud gets 30 months prison; got $867,000
- Canada: Police in British Columbia arrest two from Quebec for grandparent fraud
- Florida sees big spike in online theft of real property
- Richmond: Former letter carrier pleads guilty to stealing mail; used stolen checks to take money from bank accounts
- Brooklyn: Man gets two years prison for investment fraud targeting Haitian community in New York
- Washpost: US government scientist lost $390,000 to a tech support fraud online, and now the IRS wants her to pay taxes on that money
- New Zealand: Money mule for pet frauds convicted; claims he was a victim too; kept 10%
- Scammers are now using counterfeit checks from the US Treasury
- Canada is seeing a sharp rise in text messages claiming to be from the Canada Revenue Agency and including the recipients Social Insurance number
- Australia shuts down 3500 scam websites
- German police seize domains and shut down darkweb marketplace; arrest three
- New York AG sues Ponzi investment scam aimed at grads of Harvard Business School
- Canada issues Bulletin on how scams have evolved over the last 20 years
- LA man arrested trying to steal self-driving taxi
- Strip club customer assaulted by employee for not tipping
- Man tries to rob Missouri bank that is in the same building as police station
- CFPB warns that credit card comparison sites are biased; may get kickbacks
- Editorial: Emails suggest the FTC losing antitrust cases in order to urge a change in antitrust laws
- CFPB finalizes rule drastically lowering costs of credit card late fees; Does that mean those costs will be passed along to the rest of us?
- Australia warns of deepfake ads using celebrities which lead to crypto investment fraud – a new wrinkle to this scam
- Canada’s Competition Bureau warns of increase in AI scams
- New Jersey: Man gets one year prison for defrauding the Small Business Administration with pandemic loan
- Tennessee: Woman gets 14 month prison for unemployment fraud; got more than $1 million
- Utah: Man pleads guilty to aiding and abetting ID theft to get unemployment benefits; got $114,000
- Richmond: Man gets seven years prison for PPP fraud and card cracking; depositing stolen and altered small business checks and withdrawing cash immediately
- Maryland: Man (Nigerian?) gets 53 months prison for ID theft to steal unemployment benefits in MD and CA; got $1.5 million
- New Hampshire: Woman pleads guilty to PPP fraud; got $2.5 million
- Seattle: Leader of PPP gang gets five years prison; got $6.8 million
- 326 Malaysian’s have been rescued from call centers
- Myanmar turns over 497 involved in fraud to Chinese authorities
- Thailand sends 900 Chinese trapped in Myanmar call centers back to China
- Baltimore:Man (Nigerian?) gets 40 months prison for laundering victim money from BEC scams; handled over $1 million
- Maryland: Nigerian man pleads guilty to BEC fraud; had been living in South Africa at the time; was extradited from Canada