Synthetic Identity Fraud Rate Doubles
A new study by ID Analytics finds that a special form of identity theft called “Synthetic Identity Fraud” has doubled in size since 2011. In a press release today, IDAnalytics announced that since the randomization of social security numbers (SSNs) in 2011, the number of new SSNs appearing on applications within their ID Network more […]
Branch Manager Facilitates Massive Auto Fraud Scheme
A former Branch Manager of IAM Community Federal Credit Union in Alabama admitted to defrauding her employer out of $1.5 Million Dollars through a massive auto lending fraud scheme. Jennifer Leigh Arnette of Enterprise, Alabama inflated borrowers FICO Scores, and inflated the values of vehicles through power booking and manipulated loans so borrowers could qualify for […]