Thursday, November 09, 2023

India: Police raid 42 locations; man found and arrested from $240 million crypto investment scam

 When you stop doing things for fun you might as well be dead.

— Ernest Hemingway

Australia busts massive operation run by China that laundered fraud money from around the world; handles $229 million; seven arrested; $50 million in property seized
 
Quebec arrests 17 in $5 million real estate scheme; used ID theft to get mortgage loans on houses they didn’t own
 
Vermont: Woman from India who lived in Florida pleads not guilty when charged with tech support fraud where victims were contacted by email claiming to be from Geek Squad; moved money from victim’s savings accounts to checking, and claimed they had accidentally made too large a “refund” and victim to return “excess” to them; part of a larger group charged

New AI tool, LoveGPT, is being used on dating sites to create profiles, avoid CAPTCHA’s, and to chat with victims
 

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,  fake check fraudand crypto scams
 
Fraud News Around the world

Humor 

FTC and CFPB

Artificial Intelligence and deep fake fraud

Virus Benefit Theft 

Social media

Kidnapping and forced to scam

Business Email compromise fraud 

Ransomware

Data Breaches 

Bitcoin and cryptocurrency

ATM Skimming

Jamaica and Lottery Fraud

Romance Fraud and Sextortion