FDIC warns that consumers now losing $12.5 billion to bank impersonation frauds.
Canada: Gareth West, believed to head up largest group of grandparent fraud scammers, arrested in Quebec
Court appeals vacates FTC’s Click to Cancel Rule; finds that agency failed to follow proper procedures in adopting it
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
- Ontario Provincial Police arrest two for grandparent fraud
- DOJ indicts Nigerian man who was part of group that sent phony inheritance letters to US consumers
- New report says 70% of ads on Facebook are for scams or counterfeit products
- India arrests man who ran major tech support call center targeting Australia and the UK
- US arrests hacker who worked for Chinese state security; picked up in Italy and extradited to the US
- FTC sends $2.5 million to victims of home improvement finance company that made deceptive claims
- FTC sends $409,000 in refunds to victims of weight loss supplement company Roca Labs
- Chicago: Businessman pleads guilty to PPP fraud; got $14 million
- Los Angeles: Four arrested over fraud in getting covid tax credits; got $93 million
- UK: Two men sentenced to six years each for crypto investment fraud; used fake web sites; got $2 million
- Puerto Rico: Two indicted for crypto investment fraud that got $650 million
- Binance helps police in India in investigation of “digital arrest” fraud where scammers impersonated police