"The trouble with quotes on the Internet is that you can never know if they are genuine."
- Abraham Lincoln
Justice Department to set up new federal fraud section. DOJ already has a consumer protection branch of its Civil Division, and that unit can also do criminal cases. And it has a Criminal Division. Presumably this new unit is designed to tackle benefit fraud. But will this new unit include consumer fraud?
Aspen Institute releases survey they did in the US on consumer fraud
- 33% of US adults were victims of a fraud last year
- Losses were $42.7 billion; average loss $2499
- 10% of US adults lost money to more than one scam last year
- Only 1 of 12 reported this to police or law enforcers
- Many people felt blamed by banks or other institutions
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
- Canary Islands police raid scam center that called impersonating banks to get account information and then steal money; took in €265,000
- San Diego: Chinese man who led money laundering ring for tech support fraud operating from India and Dubai pleads guilty; handled $42 million; 21 others charged in this effort
- Boston: Man pleads guilty to making counterfeit pills containing fentanyl and meth; made 200 kilograms of pills
- Boston: Man (Indian?) pleads guilty to tech support fraud; got $500,000 from just one victim; scam turned into FBI impersonation saying victim needed to provide funds to keep them “safe”
- Nigeria has become a haven for Chinese fraudsters who have left Southeast Asia compounds
- Minnesota: ICE arrests Nigerian man here illegally for impersonation fraud during sweep
- Indiana: Police arrest man for grandparent fraud; claimed to be with DEA and went to victim homes to pick up money
- Spain arrests 18 for online sale of nonexistent pets; also stole government benefits in Spain
- Four big banks in Australia allege that Meta not only makes tons of money from scam ads, but also hosts thousands of Facebook groups that recruit money mules
- Philippines busts major operation making counterfeit Crocs shoes
- Washington: Man pleads guilty to hacking the US Supreme Court and the Veterans Administration using stolen log in credentials
- Ghana arrests 53 Nigerians in cyber crime take down
- Singapore: Four Malaysians to be charged in scam where they impersonated government officials and told victims that they needed to turn over their money to keep it “safe”
- Tech study finds 26 million people have been tricked by QR code scams
- A critique of the UK governments Stop Think fraud campaign that was designed to reduce fraud 10% per year
- DOJ settles case against Dun &Bradstreet over violation of FTC order dealing with renewal of subscriptions; to pay $5.7 million
- FTC wins in 11th circuit; court affirms summary judgement and broad injunction in case filed before AMG
- Chicago: Man gets six years prison for PPP fraud as well as fraudulent loans; ordered to repay $23 million
- Brooklyn: Two men plead guilty to $68 million fake adult daycare fraud
- Boston: Harvard Club of Boston to pay $2.4 million to resolve issues of PPP fraud
- Chicago: Three from Chicago police face firing for PPP fraud
- Detroit: Woman gets 27 months for PPP fraud; got $3 million
- Kansas: Man gets 21 months prison for PPP fraud; got more than $500,000
- Baltimore: Two cousins (Chinese?) indicted for unemployment benefit theft and for filing fake tax returns to get refunds
- Japan arrests 13 who were transferred to Japan over work at Cambodian scam compounds
- Cambodia arrests 75 in raid on scam compounds; they were also in the country illegally
- 400 Indonesians released from scam compounds in Cambodia this month
- Japan: Man gets three years prison for kidnapping people to Myanmar scam compound
- Korea: Cambodia turns over 157 from romance scam group to Korean law enforcement
- Cambodia arrests crypto romance kingpin who was featured on a BBC program about the scam and scam compounds
- Rhode Island: Jamaican man pleads guilty to lottery fraud; to be deported after sentence
- Kentucky: Jamaican man arrested and charged over lottery scam; claimed to be Mega Millions
- Virginia: Man gets 45 years prison for romance scam where he stole identities of victims to commit more frauds
- Philippines: Police arrest 39, including eight Chinese, for crypto romance fraud
- Tennessee man commits suicide after being defrauded by Nigerians in romance fraud
- Police in India bust blackmail extortion fraud that made nude videos of victims over the internet







