Wednesday, April 10, 2024

Australia warns of scammers sending fake invoices

AFP busts business that allegedly washed $1bn for 1.2k tax evaders 

REGULATION

The ongoing investigation is part of the ATO-led Serious Financial Crime Taskforce’s crackdown on false invoicing schemes


FTC impersonation rule goes into effect; FTC's Emma Fletcher releases data on business and government impersonation fraud

  • These were nearly half of all fraud reported to the FTC, and have jumped five-fold since 2020
  • Losses of $1.1 billion in 2023
  • Initial contacts by phone are down; emails and texts are up
  • Scammers claim to be:
  • Security alerts, phony subscription renewals, fake law enforcement, supposed delivery problems; phony giveaways
  • Money sent through bank to bank transfers and bitcoin
Los Angeles: Romanian man gets 75 months prison; headed group that used skimmers to steal food stamp benefits
 
Fraud Studies: Here are links to the studies I’ve written for the Better Business Bureau: puppy fraudromance fraud; BEC fraudsweepstakes/lottery fraud,  tech support fraudromance fraud money mulescrooked movers, government impostersonline vehicle sale scamsrental fraud, gift cards,  free trial offer frauds,  job scams,  online shopping fraud,  fake check fraud and crypto scams
 
Fraud News Around the world
Humor FTC and CFPBArtificial Intelligence and deep fake fraudBusiness Email compromise fraud Virus Benefit Theft  Kidnapping and forced to scamIRS and tax fraudRansomware and data breachesBitcoin and cryptocurrency  Jamaica and Lottery Fraud