Tuesday, September 24, 2024

New UK legislation likely that will allow courts to prevent transfers from bank accounts when fraud is suspected

 Second Trump Shooter Wrote a Chilling Letter Before Assassination Attempt.


FBI’s Internet Fraud Complaint Center issues new report on crypto fraud
  • Victims reported losses of $5.6 billion in crypto in 2023
  • That’s a 45% increase over the 2022
  • Investments, almost surely meaning crypto romance fraud, accounted for 71% of those losses
  • But also large sums lost to tech support and romance scams
  • Most of those complaints were from people over 60
  • These complaints account for half of all reported money losses
FINcen releases in depth report on check fraud due to mail theft
  • Studied February through August 2023
  • Most common stolen checks are altered and deposited
  • Second most common is checks used as templates for a counterfeit check
  • Third was just signing and depositing checks
  • Most fake checks deposited through ATM’s
  • Here’s the study I did on fake check fraud
North Dakota: Nigerian man gets 142 months, over ten years prison, for scheme that hired a law firm with a fake check  and then “canceled” asking for money to be sent back by wire transfer
 
DOJ begins second phase of returning money to fraud victims who sent money through Western Union; $18.5 million is going to 3000 people
 

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
Canada: Court in Saskatoon sentences Quebec man to one year prison for grandparent fraud; had appeared in person to pick up cash
Ghana:  Police arrest 487 over claims that multi-level marketing company QNET is a Ponzi scheme; company denies
Buffalo: Ontario man pleads guilty to importing $4.2 million worth of counterfeit goods
BBB issues new study on investment fraud (mainly crypto romance fraud); average reported losses went up from $1000 in 2001 to $6000 this year
Nigeria:  EFCC returns proceeds of internet fraud on Canadians to the RCMP; 53 stolen vehicles, $180,000
UK: Man arrested over phone call impersonating police
Singapore: Two to be charged with acting as money mules
New UK legislation likely that will allow courts to prevent transfers from bank accounts when fraud is suspected
Chicago: Commodities Futures Trading Commission gets court to order defendant in binary option investment fraud to disgorge $7 million
Canada:  Toronto: Five years prison for leader of gang of eight charged with selling counterfeit art; biggest art fraud in history
Las Vegas: Man pleads guilty to operating telemarketing call center that claims it was seeking donors for charities but really sent money to PACs 
Class action claims JC Penney deceived consumers by claiming fake discounts off original prices
Des Moines: 18 indicted in scheme that stole business checks and deposited them in Iowa banks

Humor FTC and CFPBVirus Benefit Theft Kidnapping and forced to scamBusiness Email compromise fraud IRS and tax fraudRansomware and data breachesBitcoin and cryptocurrency  Jamaica and Lottery FraudRomance Fraud and Sextortion