Friday, January 27, 2023

Internal staff survey at the FTC finds huge plunge in trust of senior managers

 Internal staff survey at the FTC finds huge plunge in trust of senior managers


Top Stories

 
WSJ: State of Arizona has database of money transfers over Western Union, MoneyGram and RIA for 20 countries, and law enforcers can consult it without a warrant
 
Review and recommendation/Courtroom Drama of the week:   The last one I will recommend is To Kill A Mockingbird.   Released in 1962, it stars Gregory Peck, which won him Best Actor, and was nominated for best picture.  It is a powerful movie, involving a trial of a black man, and if by chance you’ve not seen it do so right away.    Do you have a favorite? Send it in to steve@bakerfraudreport.com
 
Basic Fraud:  Con Man is short for Confidence Man, someone who gains your trust in order to fleece you.   Guest post by Anthony Pratkanis. This blog post by Jeff Smith provides an overview of how con criminals of the 1880s found their victims and began to establish the trust needed to enact their crimes. Jeff is the great grandson of Soapy Smith and has gathered extensive information about Soapy's life.  As such, we have more information about Soapy Smith than any other con criminal -- a gold mine for those who research the modus operandi of confidence-grifters.  https://soapysmiths.blogspot.com/2023/01/how-soapy-smiths-gang-obtained-their.html
 
From a social-psychological point of view, the methods are remarkably similar to those used by today’s confidence-grifter:  (a) secretly profiling and obtaining information about the target (hotel registry and information books whereas today’s cons use a list broker, maintain and trade lists, and gather information via social media and other media) and (b) using that information in an initial contact and thus creating an instant relationship via ostensibly shared similarities and a false familiarity.

 
New links!
Fraud Studies: Here are links to the studies I’ve written for the Better Business Bureau: puppy fraudromance fraud; BEC fraudsweepstakes/lottery fraud,  tech support fraudromance fraud money mulescrooked movers, government impostersonline vehicle sale scamsrental fraud, gift cards,  free trial offer frauds,  job scams,  online shopping fraud, and crypto scams
 
Fraud News Around the world

Humor 

FTC and CFPB  

Virus Benefit Theft 

Ransomware  

Data Breaches 

Bitcoin and cryptocurrency

ATM Skimming

Romance Fraud and Sextortion