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Tuesday, September 09, 2025

Chinese money laundering gangs handle funds for drug cartels and for fraud gangs; handled $312 billion over four years says FinCEN

   

FBI Internet Fraud Complaint Center warns of a sharp increase in "phantom hacking" complaints that begin with a tech support scam and then moves to a second stage where victims get calls impersonating banks or government agencies telling victims that their money is at risk and must be moved to a “safe” account
 
San Diego: Youtube scam baiter helps take down network of Chinese gang members, many here illegally,  who were helping and laundering money for call centers in India; gang handled $65 million; 28 charged and 25 arrested so far
 
Chinese money laundering gangs handle funds for drug cartels and for fraud gangs; handled $312 billion over four years says FinCEN
 

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 fraud and crypto scams
 
Fraud News Around the worldHumor FTC and CFPBBenefit Theft Business Email compromise fraud Ransomware and data breachesATM Skimming                                                         Romance Fraud and Sextortion