A Lime Bike delivered by a friendly tattooed neighbour at 4:44ish
Hacker who allegedly carried out cyberattacks for China is extradited to US
Countries around the world join forces to take down a group responsible for denial of service attacks in which computers are directed to flood a target organization with phone or internet traffic to crash their systems and request funds to stop attack; servers seized, warning letters issued, and 4 arrested
New Jersey: Man from Germany who was a long time fugitive gets 70 months prison for mass-mailings supposedly coming from psychics; scheme that took in $14 million
WSJ: How Cambodia became Scambodia
- Scam compounds estimated to be 40% of GDP
- Estimates that they bring in $19 billion per year
India busts 52 bank workers across the country for assisting in cyber fraud; many of them set up fraudulent or mule accounts
SIM farms in the US, Europe, and elsewhere are rented out to send scam text messages
Scam messages claiming to offer safe passage through the Straits of Hormuz collect bitcoin from ships
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
- How the restitution/refund process works in fraud cases
- Nike wins $11 million in case against social media influencer that pushed counterfeit products
- New scam uses fake evite invitations to trick people into opening malware
- Texas: Jury convicts man from India of tech support fraud that evolved into government impersonation, threatened arrest, and supposed need to keep money safe; arrested when he went to victim’s home to pick up money
- Texas: Man from India arrested when he went to victim’s home to get $350,000 in gold
- Canada: Alberta RCMP sets up more financial fraud units
- Canada: Five arrested, warrants out for two others, in scam that used AI tools to get credentials from retail clerks and then add money to gift cards
- Canada: Calgary police arrest three (from India?) for fraud calling impersonating banks, claiming debit card was compromised and telling victims to cut it in half and leave it in mailbox; got $1.3 million; callers had lots of personal information about the victims when they called
- Amazon issues first report on fraud efforts; seized 15 million counterfeit products last year, stopped tens of millions of fake reviews
- Florida: Woman gets 42 months prison for using ID theft to get bank loans
- Japan: Police arrest 13 Japanese who were operating fraud ring from Indonesia impersonating banks, ran scam against Japanese
- Scammers are impersonating real recruiters in job scams sent by text messages
Humor
- India finds crooks set up a fake toll booth along a busy highway, and collected tolls for 18 months before it was discovered; several arrested
- Three men in California get prison for using a bear suit to stage attacks on luxury cars and get insurance money
- UK arrests man who had kept his mom’s body in the freezer for years to keep collecting her government benefits
FTC and CFPB
- FTC gets TRO against deceptive student loan debt relief company that impersonated the government
- Court issues injunction and orders owner of timeshare resale fraud to repay $140 million
Artificial Intelligence and deep fake fraud
- CEO of AI company indicted for securities and investment fraud that took in $421 million
- Google Gemini takes out 602 million fake ads
Benefit Theft
- Iowa: Woman gets ten months prison for PPP fraud and also social security fraud
- Orlando: Man gets more than six years prison for ID theft to get PPP loans and other benefits
- Florida: Former pastor indicted for PPP fraud
- New Orleans: Man gets one year home confinement for PPP fraud; must pay back $354,000
- Virginia: Prison inmate gets another three years prison for stealing identities of other prisoners and using them to get unemployment benefits
- Pennsylvania: Two arrested for conspiracy to use ID theft to get SNAP benefits
- St. Louis: Six charged with PPP fraud, three of them arrested; got $8.3 million
- New Jersey: Woman gets 20 months prison for PPP and unemployment fraud
- New Orleans: Woman gets 70 months prison for ID theft and PPP fraud
- Boston: Woman charged with theft of social security disability benefits through fraud
- Mississippi: Three arrested for stealing ID’s of prison inmates to steal unemployment benefits
- Buffalo: Man pleads guilty to PPP fraud
Scam Compounds
- Myanmar releases 78 Filipinos who were trapped in scam compounds
- Cambodia arrests eight; four Japanese and four Chinese, at scam compound
- South Korea: 46 people sentenced to prison for running scams on South Koreans from compounds in Cambodia and Thailand
Business Email compromise fraud
- Brooklyn: Nigerian man pleads guilty to BEC fraud that got $50 million
- Orlando: Man (Nigerian?) gets more than three years prison for laundering money for BEC frauds; got more than $800,000
IRS and tax fraud
- Two Nigerian men indicted in stolen identity refund fraud that sough $100 million
- IRS issues new online tool to help people with tax issues such as unpaid taxes
- Los Angeles: Four arrested in huge Covid tax credit scheme that got $93 million
- UK: Nigerian couple get nearly four years prison each for stolen identity refund fraud; got £433,000
Bitcoin and Crypto Fraud
- Florida AG recovers $5.4 million from crypto romance fraud
- Los Angeles: UK man pleads guilty to fraud that used text messages to get log in information to computer systems and to steal $8 million in crypto
- Mallorca: Police arrest five for international crypto pyramid scheme that cost investors €10 million
- Chicago: 23 years prison for man who ran bitcoin investment fraud that took in $20 million
- Argentina arrests Chinese man who is wanted in Nigeria for bitcoin investment fraud totaling $49 million
Ransomware and data breaches
- Hackers get into systems of Lockbit ransomware; release details of 60,000 bitcoin addresses
- Over 222 Japanese companies paid ransom; only 60% got their data back
- Miami: Man who had been ransomware negotiator pleads guilty to ransomware fraud
ATM Skimming
- Pennsylvania: Two charged with skimming aimed at EBT benefit cards
- Oklahoma City: Man charged with ATM fraud at gas pumps of 7-11’s
Romance Fraud and Sextortion
- India: Delhi police arrest man for romance fraud that defrauded over 500 people
- Atlanta: Nigerian woman who was sentenced to eight years prison for romance fraud fails to turn herself in; presumably fled the country
- Kentucky: Man living in New Jersey (Nigerian?) arrested for romance fraud that got $500,000
- Florida: Man living in Minnesota (Nigerian?) convicted for romance fraud
- Austin police arrest man from Taiwan who went to victim’s home to pick up money for crypto romance fraud
Spoofed Tankers Are Flooding the Strait of Hormuz. These Analysts Are Tracking Them
Wired – no paywall: “Marine insurers and oil traders want to know what’s going on in one of the world’s most critical waterways. As the volume of disappearing ships in the area increases, analysts are getting creative…Tracking disappearing ships makes use of several technologies, some of them newer than others. Samir Madani, the cofounder of TankerTrackers.com, has for years relied on satellite imagery from both commercial and public sources to give paying clients a better sense of when and where oil and other goods are moving in and out of the strait. But in April, US satellite firms announced they would limit high-resolution imagery of the region. “We are dusting off all the old sources and tweaking them to perfection,” Madani told WIRED in a message.
“We are buying [information] from other Western sources as well.” The firm’s data is valuable to other companies, he says, because two-thirds of tanker traffic moving through the Strait of Hormuz is by vessels with histories of violating sanctions. Bockmann says her firm relies on several other sources to get a good idea of what’s going on in the strait. Electro-optical imagery uses electronic sensors to detect visible and near-infrared light data. Synthetic-aperture radar uses microwaves to create images even through clouds, rain, or darkness.
Radio-frequency signals are used to transit data wirelessly (used in Wi-Fi, Bluetooth, and GPS). Stitch those together with databases that include ship registry information and even “human presence signals” from mobile devices onboard vessels, and the firm can get a better sense of what is going where. Generally, satellite imagery used to be very expensive to obtain, but prices are coming down, she says…”
