U.S. Government seized “approximately 17 phones” from former DEA official charged with narcoterrorism and money laundering All-Source Intelligence
An in depth look at text message unpaid highway toll scams; WSJ Video (4.42); 1 billion lost over last three years to Chinese gangs; they get credit card numbers and use US helpers to buy goods, sometimes ship to China
Is the term “scam” helpful? We often use the term scam as a synonym for fraud. “Fraud,” is, of course, a legal term for criminal activity. The authors of a new article suggestthat for several reasons use of the term scam is inapposite. They contend that use of the term “scam” downplays the seriousness of the conduct, and can suggest that it is somewhat the fault of the victim. A thoughtful piece
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
Is the term “scam” helpful? We often use the term scam as a synonym for fraud. “Fraud,” is, of course, a legal term for criminal activity. The authors of a new article suggestthat for several reasons use of the term scam is inapposite. They contend that use of the term “scam” downplays the seriousness of the conduct, and can suggest that it is somewhat the fault of the victim. A thoughtful piece
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
- California announces new online tool to get your name off lists from data brokers
- Maryland: Man (Vietnamese?) gets 15 months prison for his role in helping North Koreans get remote jobs at IT companies
- UK announce replacement of Action Fraud reporting center with Report Fraud
- Canada: Police in Regina arrest two for grandparent fraud
- Rochester: Customs seizes $425,000 in counterfeit designer goods
- South Korea: Four arrested for hacking 120,000 home security cameras overseas to get video to make sexually explicit videos
- Arkansas Sheriffs department arrests three for fraud that picked up money in person; one mule for Jamaican fraud; other two from Indian and tech support-related frauds
- Spain arrests couple for vacation rental fraud; were top of most wanted list
- Connecticut: Woman pleads guilty to importing $4 million of counterfeit goods
- FinCEN fines Paxful $3.4 million over violations of money laundering rules; Iran and North Korea
- Kansas City: Man pleads guilty to PPP fraud; got $312,000
- Cleveland: Man gets 11 years prison for PPP fraud; got $1.2 million
- North Carolina: Man and woman who were ringleaders of national PPP fraud scheme get a combined 204 months prison for PPP fraud; got over $10 million
- Colorado: Nigerian man gets five years prison for PPP fraud; got $1.4 million
- Iowa: Former sergeant in the Cuban military, illegally in the US, gets four years prison for PPP fraud
- 24 Los Angeles county employees charged with unemployment fraud; got $741,000
- Georgia: State representative arrested for PPP fraud; got $18,000
- West Virginia: Woman gets time served for PPP fraud; got $15,000
- FinCEN releases new report on ransomware; $2.1 billion paid in ransom from 2022-2024
- Major data breach at company that provided IT services for 74 US banks
- Los Angeles: Two Ukrainians who worked for the Russian government indicted to hacking attack on infrastructure in several countries
- Tennessee: Two Nigerian men and the Sudanese wife of one of them sentenced to over 20 years in prison over romance scam that impersonated celebrities; victim committed suicide
- Canada: Peel police arrest man over crypto romance fraud that got $1.6 million
- Viet Nam arrests three from South Korea for romance frauds that used deepfake video