FBI reports that victims lost $333 million at bitcoin ATM’s last year; double the year before
Chinese language training manuals for crypto romance scammers found at Philippines scam call center; "A woman's IQ is zero when she is in love."
Small Business Administration suspends thousands of accounts in Minnesota over PPP fraud
Thoughts on fraud stealing government benefits. Fraud is fraud. Stealing money from the government simply spreads the losses among everyone, and takes money from those who have a legitimate need for those funds. Apparently 100 million people have now seen the Nick Shirley video on X. The US Attorney’s office there says that they expect at least $9 billion in fraud against these programs. And this is quickly expanding to many other states. Not all of the fraud can be attributed to immigrants, of course, but anyone engaged in fraud should be prosecuted, and those in charge of these programs must do a better job of screening for fraud.
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
- India arrests man who laundered money from tech support call centers targeting the US; handled $15 million
- Canada: The majority of fraud cases in Ontario have been dropped since 2020; Crown prosecutors claim backlogs
- AARP warns of five scams they are especially worried about
- How and why scam call centers are exploding in one small town in India
- India arrests 100, most of them Nigerian, in raid on operation that was running romance, BEC, and other frauds
- UK Trading Standards says 4.7 million British are paying for subscriptions they don’t know about
- Florida: Man gets probation for laundering money from tech support victims he sent abroad, (to India?) but must pay $1 million restitution
- UK sentences man to 6 ½ years prison for scam where he called victims claiming to be from their bank; collected their money
- Latvia arrests 213 who acted as money mules for scammers
- Chicago: Four men plead guilty to selling counterfeit electronic goods such as iPads worth $573,000
- Law enforcement does not make enough use of Suspicious Activity Reports
- Postal letter carrier gets 15 years prison for work with a drug ring
- AG of the Virgin Islands sues Meta over allowing bogus ads and making money from them
- National Consumers League report five fraud stats you should know
- FTC settles case with Disney over illegal collection of data from minors; to pay $10 million
- FTC releases biennial report on Do Not Call complaints; robocall complaints up since the year before
- FTC begins claims process for victims of app NGL over tricking people into subscriptions
- Illinois IG finds hundreds of state employees were involved in PPP fraud
- Texas: Man gets 97 months prison for fraudulent loans and PPP fraud; got $9 million
- Georgia legislator indicted for PPP fraud; resigns
- Ghana arrests 141 Nigerians for BEC, romance and other frauds
- Poland arrests Nigerian man; allege he did BEC and romance frauds
- BEC scam uses fake emails to redirect $400,000 lobster order and have truck pick them up; were destined for Costco
- India arrests participant in Coinbase database breach
- Maine settles with operator of Bitcoin ATM machines over their use in frauds; to pay $1.9 million
- Hits bank in Ghana, which pays $120,000
- Miami: Two men plead guilty to ransomware fraud
- Chrysler auto hit by attack
- Ghana arrests 48 Nigerians for romance fraud
- Thailand: Police arrest 13 on Christmas day raid against romance scammers, including men from Canada and Switzerland
- Thailand arrests Russian man at the airport; allege he was ringleader of crypto romance fraud operation
- Indonesia busts Chinese run crypto romance fraud call center hitting the US and UK; six suspects involved
- India busts gang engaged in crypto romance fraud
- Nigeria: Police arrest romance fraudster who concentrated on US victims while he was at the airport
