Wednesday, August 21, 2024

SEC sues NovaTech, alleges it is a multilevel crypto fraud that has cost 200,00 worldwide investors $650 million

 Only 7pc of scam victims are getting their money back from Australia's banks


FASTER, PLEASE:  Cleaning up the aging brain: Scientists restore brain’s waste removal system.


US arrests two Russians who were living in Miami and had claimed asylum; pair had run a site that acted as a forum on credit card fraud 

 
Australia’s ACCC alleges that over half of the crypto ads on Facebook are scams or violate Meta policies
 
Gold – A new Trend. I am seeing more and more scammers who are asking victims to pay with gold.  And it appears that this tactic is being headed by scammers from India.  This is a huge red flag of fraud (no legitimate operation will ask for funds this way) and of course this makes it harder to follow the money.


 
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
Philadelphia:  Four charged with stealing checks from mail, altering, and cashing them
Baltimore: Man gets four years prison for bank fraud; opened phony accounts used to launder money from fake check scams that got $1.8 million
Taiwan: Police arrest 14 from gang that was recruiting money mules
Tennessee: Man arrested for helping North Koreans get remote jobs at US tech companies
Minnesota: Chinese man from California pleads guilty to tech support fraud where he appeared at home claiming to be a “special agent” collecting funds
Australia: UK man pleads guilty to scam where he called impersonating police officer
North Carolina: Ukrainian man extradited from Germany and charged with scheme that stole personal information and charged small sums, $7 to $10, on credit card bills of victims around the world; used network of money mules, and got at least $1.8 million
India busts call center offering bogus loans to US victims; arrest 18
Houston: Man pleads guilty to impersonating US military, telling victims they were due back pay; had to send him money Cash App
Chicago: Two men (Indians?) arrested for fraud where they claimed to be with the FTC, and got $60,000 from elderly couple; not clear if they appeared at home in person
Texas: Three men plead guilty to selling millions worth of counterfeit Cisco computer networking system parts
SEC sues and shuts down Ponzi scheme that took in $300 million
India’s Telecom regulator tells phone companies to block all calls from unregistered telemarketers for two years
Michigan: Female money mule pleads guilty to impersonating an FBI agent; had fake badge and uniform; went to victim home to pick up money from scam claiming the IRS was owed money; but law enforcement had victim number changed to theirs, and she was arrested; had been promised $2500
Humor FTC and CFPBVirus Benefit Theft Kidnapping and forced to scamRansomware and data breachesBitcoin and cryptocurrency