Tuesday, December 24, 2024

Santa and Grinch street performers arrested after fighting over tips

 Cyber-Security Experts Warn Election Was Hacked


A  fraud by any other name: Scammers building relationships onlie and then encouraging victims to put money into a crypto account, where it supposedly appreciates but can never be withdrawn, may be the most common fraud in the world right now.  

Scammers call it pig butchering, and some enforcement agencies have followed suit. But now Interpol urges use of “romance baiting”instead.  The Fraud Report will continue to use the term crypto romance fraud.  What do you think?





 
Nigeria arrests 792 for crypto romance fraud; many were from China
 
Consumer Reports: Scams impersonating banks are becoming increasingly common, and how they work

CBS: Gift card fraud operated in the US by Chinese gangs; use proceeds to fund fentanyl smuggling
 
FTC adopts final Junk Fee Rule, requiring hotels and live event tickets to disclose actual final price before getting consent to purchase; should end resort fees and all mandatory charges up-front; must include price of taxes or shipping and handling
 

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 worldHumor FTC and CFPBArtificial Intelligence and deep fake fraud 
Virus Benefit Theft Kidnapping and forced to scamBusiness Email compromise fraud IRS and tax fraudBitcoin and Crypto FraudRansomware and data breachesATM SkimmingRomance Fraud and Sextortion