A call to arms from Jane Fonda, who said, "Have any of you ever watched a documentary of a great social movement, apartheid, civil rights, Stonewall...and asked yourself, would you have been brave?... WE ARE IN our documentary moment, this is it”
Nick Robinson's X account hacked to promote crypto
- Seattle: Two Estonian men plead guilty to crypto Ponzi scheme; to repay $400 million
India seizes $190 million from BitConnect Ponzi scheme
It looks like people are finally getting serious about Scam Compounds in Southeast Asia. Premier Xi recently announced a crack down on these operations, and Thailand recently cut power and cell phones into Myanmar. And most recently this piece of good news:
Militias in Myanmar to deport 10,000 people from scam compounds to Thailand, 500 at a time
Want to know why fraud victims get the blame? (By Anthony Pratkanis) The media exalt and excuse con criminals with little questioning of their claims. Case in point: Elizabeth Holmes Breaks Her Silence in First Interview from Prison: 'It’s Been Hell and Torture' (Exclusive)
Her troubles -- brought on by her choices -- are detailed with sympathy. The impact on victims: briefly touched on in an easily missed middle paragraph with little detail on the financial, emotional, and trust toll on victims (and on whistleblowers). Her claim that failure is not fraud is not challenged with the details of her scheme to defraud investors for which a jury found Holmes guilty on multiple counts of fraud.
Her claim that she is working while in prison on new health care advances is taken at face value. How? She has no lab, and the knowledge of biochem, medical devices, medical sensors, or anything else that might lead to a breakthrough never manifested itself at Theranos. The media often portray fraudulent organizations, con criminals, and those accused of fraud as heroes: Enron, Theranos, FTX, Wirecard, uBiome, Barry Minkow, Sam Bankman-Fried, Caroline Ellison, Martin Shkreli, Charlie Javice, Joanna Smith-Griffin, Jessica Richman (among others) were all featured for their “business” acumen in Forbes, Fortune, Fast Company, Business Insider, and similar media. Even AARP has featured in their magazine the good Michael Milken is doing. No wonder we are awash in fraud. It is a virtue not a crime -- at least for some in the media.
Fraud Studies: Here are links to the studies I’ve written for the Better Business Bureau: puppy fraud, romance fraud; BEC fraud, sweepstakes/lottery fraud, tech support fraud, romance fraud money mules, crooked movers, government imposters, online vehicle sale scams, rental fraud, gift cards, free trial offer frauds, job scams, online shopping fraud, fake check fraud and crypto scams
Fraud News Around the world
- Atlanta: Man gets 150 months prison for stolen identity refund fraud; BEC fraud, and romance fraud; got $7 million
- Chicago: Customs seizes 168,000 counterfeit postage stamps from China
- New law in Australia requires banks, telcos, and social media to make more efforts to stop frauds using their systems or face fines
- India: Police arrest four for selling nonexistent motorcycles on social media
- UK: New consumer protection regime to go into effect in April
- Alert bank teller saves woman who tried to withdraw $1 million for skincare scam
- India does 11 searches of locations of scams impersonating government official and also running tech support fraud
- Illinois: Waukesha police arrest two (Chinese?) for tech support fraud where victims paid with gift cards
- Man arrested in Florida for Craigslist rental fraud
- Thailand busts warehouse full of branded cosmetics; part of an operation aimed at online sales
- Singapore: Police arrest 18 for acting as scam money mules
- Nigeria arrests 47 for internet fraud
- UK: Two sentenced to prison for selling counterfeit, and dangerous cosmetics, charged on eBay
- Rhode Island: Man pleads guilty to stealing checks, depositing them into mule accounts and withdrawing cash
- Chase will block Zelle payments made over social media to fight fraud
- Miami: DOJ gets permanent injunction against enterprise that made millions from unauthorized debits to checking accounts
Humor
- Woman cut loose after nose ring gets caught in office chair
- Florida man dressed in Dalmatian Onesie escapes police, crashes car
FTC and CFPB
- DOJ to no longer defend old Supreme court case in Humphrey’s Executor, which says President can’t remove FTC Commissioners except “for cause”
- FTC Chair appoints new head of Bureau of Consumer Protection
- What to expect from Consumer protection at the FTC with new Chair
- FTC Chair appoints deputy Bureau Directors
- FTC sends $19.8 million in refunds from deceptive claims about financing water treatment systems
- Judge issues injunction against CFPB rule blocking medical debt from credit reports
Artificial Intelligence and deep fake fraud
Virus Benefit Theft
- Shreveport: Woman gets 27 months prison for PPP fraud
- Cincinnati: Convicted felon gets 13 months prison for PPP fraud; got $20,000
- Boston: Woman gets time served for PPP fraud; got $18,000
- North Carolina: Man pleads guilty to fraud in claim for unemployment benefits done through ID theft
- Sacramento: Woman pleads guilty to ID theft to get unemployment benefits; got $2.6 million
- Las Vegas: Woman pleads guilty to PPP fraud while on probation; got $137,000
- Las Vegas: Woman pleads guilty to fraud seeking Covid employee tax credits; sought $98 million; got $33 million
Scam Compounds
- Thailand increases pressure on scam compounds; cuts power, disrupts cell phone signals, more
- Two from Japan rescued from Myanmar scam compounds
- Myanmar: Chinese desert scam compounds after power was cut off by Thailand
- Cambodia arrests 24 from scam center doing gambling frauds; arrestees claim they were forced into work
- 1031 people rescued from scam compounds in Myanmar
- 200 Chinese nationals flown home from Myanmar scam compounds
Bitcoin and Crypto Fraud
- Seattle: Two Estonian men plead guilty to crypto Ponzi scheme; to repay $400 million
India seizes $190 million from BitConnect Ponzi scheme
Ransomware and data breaches
- Attack shuts down systems of the Sault Indian Tribe in Michigan; affects Tribes casinos
- Signs that the Russian government has started to crack down on ransomware crooks
ATM Skimming
- Texas: Romanian man pleads guilty to state charges over ATM skimming
- FBI is working with Romanian police to fight ATM skimming gang there; dozens of warrants served; many convicted
Jamaica and Lottery Fraud
Romance Fraud and Sextortion