Woman gives birth to stranger's baby after receiving wrong embryo at Monash IVF
MoneyGram settles with 49 States and DC over transmitting money from victims to fraudsters; to pay $13 million
Trump issues Executive order to crack down on ticket scalping and undisclosed fees for event tickets
Tools and resources available to scammers to ease their work
A scam by any other name would smell as bad. One thing I’ve been encountering are attempts to come up with new names for old scams, even when there is no apparent reason for that. For example, Chainalysis is reportingthat the largest fraud they see come from “automated push payments,” which appears to be no more than fraud victims sending money to fraudsters from their banks. So why the use of this new terminology? I’ve similar concerns about the use of terms like “smishing” (scam text messages seeking data) and vishing (same, but through a phone call). I don’t see how use of these terms really helps the public understand what is going on. Are these just a bit too clever? Is there any way such terms actually help?
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
- US sees big surge in attacks on postal letter carriers to get the arrow keys to5 mail storage bins
- US couple arrested and jailed in Mexico after they disputed credit card charges from a Cancun timeshare property
- Canada: Calgary police warn of new scam involving calls supposedly from bank about a problem with the ATM card; send a courier to pick it up and ask for PIN; then drain accounts
- UK arrests illegal immigrant who sold London houses he never owned; made £8.5 million
- India: Police bust three call centers running tech support frauds; arrest 27
- Pennsylvania: Man from the Dominican Republic arrested for grandparent fraud; used Uber drivers to pick up funds from victims
- Nigeria: 17 get jail for internet fraud
- Boston: Man arrested after he went to victim’s home to pick up money; she got a text supposedly from Lifelock; after she called she was told to pay and funds would be collected by an FBI agent
- FCC warns of increase in Chinese-speaking scammers targeting people in the US
- Air duct cleaning scams very common on Facebook
- How to recover emotionally after being defrauded
- Viet Nam: Two men arrested for scam where they impersonated others on Facebook
- iPhone farms operated on a Chinese platforms send 100,000 text messages per day
Humor
- Two arrested when the stopped to put air in their tires during police chase
- Baggage handler does push ups inside airline turbine engine
FTC and CFPB
- FTC settles with cash advance company Cleo; to pay $17 million
- What happens to the FTC after two Democrat Commissions are fired
- Fired FTC Commissioners file lawsuit
- Judge issues injunction against closing the CFPB
- FTC chair writes Bankruptcy trustee for 23and me, urging special care in sale of customer data
Artificial Intelligence and deep fake fraud
BEC Fraud
Virus Benefit Theft
- IRS has launched 2039 investigations into Covid benefit fraud with losses of $10 billion
- Chicago: 41 Illinois state workers may be responsible for $900,000 in PPP fraud says IG
- Houston: 15 arrested for falsifying documents to seek PPP loans
- Cleveland: Jury convicts man who used ID theft to get PPP loans; got $1.2 million
- Nashville: Insurance broker gets one year prison for PPP fraud; got $264,000
- Illinois: State AG charges postal worker with PPP fraud
- UK: Prison for Bulgarian woman who worked with gang to steal £54 million in government benefits; may be deported
- Orlando: Man pleads guilty to PPP fraud
Scam Compounds
- Philippines: Police nab man who was a recruiter for scam compounds; pretended to be victim worker and was repatriated
- Cambodia: Police arrest 70 at scam compounds
- Philippines: Two from Malaysia arrested; had kidnapped young women to promote romance frauds
- Indonesia extradites 29 online scammers from the Philippines
- Cambodia increasingly working with telcos to fight scam compounds
IRS and tax fraud
Bitcoin and Crypto Fraud
- DOJ seizes $200,000 in crypto intended to help finance Hamas
- India arrests five over running a fake crypto exchange that impersonated a Japanese firm
- Chinese-speaking woman lures men with Bitcoin promising sex, steals their bitcoin
- DOJ seizes $8.2 in tether stolen in crypto romance frauds; tied to Asian scam compounds
- Crypto lending platform Abracadabra loses $13 million to hackers
- South Korea: Prison for three involved in crypto investment scam; got $460,000
Ransomware and data breaches
- Ransomware attack on Malaysia’s Kuala Lumpur airport; country refuses to pay
- Ransomware group claims attack on Sam’s Club, company says it is investigating
ATM Skimming
- Wisconsin: Man arrested for ATM skimming at convenience stores
- South Carolina: Two men (Romanians?) arrested for ATM skimming
- St. Maartens: Two Bulgarian men arrested for ATM skimming
Jamaica and Lottery Fraud
- Jamaica: Man charged with lottery fraud
- Pittsburgh: Four, including Jamaican woman, indicted for lottery fraud; got $4.5 million
- Connecticut: Jamaican man living in Georgia indicted and arrested for lottery fraud
Romance Fraud and Sextortion