Tuesday, November 26, 2024

Australia issues new warning of scammers pretending to be from your bank, claiming cards are compromised, ask for PIN and have you place card in your mailbox to be replaced

 Top Stories

Minneapolis: Man gets five years prison for telemarketing scheme selling magazine subscriptions; ordered to repay $19 million 
 
FTC says robocalls complaints down over 50% since 2021
 
Useful research on consumer education needed!  Many of us spend much time and resources developing consumer education materials, and it would be great to find things that make those more effective. Professor Anthony Pratkanis has compiled and conducted research showing that consumers simply don’t pay attention to most warnings or, worse, become defensive and shut them down.  The FTC has tried to combat this with their “pass it on” campaign, directed to tell people they are educating them not to make them afraid but instead to educate themselves so they can help their friends, families, and neighbors avoid frauds. Anthony’s idea is to empower people to become fraud fighters. But he says there hasn’t been research to examine this approach and show it is more effective. Anyone interested in taking this on?

Online shopping We are rapidly approaching  the holiday shopping season, and online shopping is close to the top of the list of scams consumers file complaints about.  So be careful, and this is a place where consumer education can do a great deal of good. So stay on the information superhighway, avoid dodgy sites on social media, and file complaints if ripped off.

Interpol operation in Argentine seizes counterfeit goods worth $225 million; 104 arrested; fake prescription drugs among 11 million items seized

WSJ: Fraud with paper checks was up 400% last year
 

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
Idaho: Man gets ten years prison for hacking computers and extorting money to prevent release of data
Latvia: Two Lithuanians charged with fraud over sales of counterfeit laundry products; organized crime involved
Canada: Surrey woman arrested for large scale gift card scam
Rochester: Two plead guilty to scheme that sent fake invoices to businesses, who often paid; made $860,000
Omaha: Nigerian man gets three years prison; was ringleader of a gang that robbed parked cars, stole credit cards, then bought goods and did ID theft
Ireland: Couple from China arrested for laundering fraud money through crypto; handled €21 million
UK man gets prison for selling nonexistent tractors to Canadian; got £130,000
Indiana: Man gets eight years prison for scam in which callers from Pakistan offered TV services and subscriptions they didn’t deliver
How to watch out for gift cards that have been tampered with
Ten tips for black Friday shopping from Consumerworld
Interesting podcast on the huge amount of fraud in the US medical system (43min)
Australia issues new warning of scammers pretending to be from your bank, claiming cards are compromised, ask for PIN and have you place card in your mailbox to be replaced
Buffalo: US seizes web site and charges three administrators of website that traded stolen credit card information on the dark web; one man from Afghanistan, two from Pakistan

Humor FTC and CFPBArtificial Intelligence and deep fake fraudVirus Benefit Theft Kidnapping and forced to scamIRS and tax fraudBitcoin and Crypto FraudRansomware and data breachesATM SkimmingJamaica and Lottery FraudRomance Fraud and Sextortion