Another Startup With Massive Fake Accounts Bites The Dust
Remember 2021 when every startup was seemingly worth a billion dollars? My oh my, how times have changed, and some of those companies were engaged in fraud – first, there was NS8, then Frank the financial aid startup, and now the high-flying messaging app –IRL. The company has been closed. 95% of their users were […]
The Future Is Here – Meet The New Fraud Analyst 2024
The future is here. I see it clearly. And it’s impressively human. AI is great. But it is the fraud analyst – the human in the loop – who will make our future safe. When Apple launched Vision Pro, I saw the future of being a fraud analyst. And it looks very much like a […]
Fraud Royalty – She Was The Queen of Magic Numbers
By now you you’ve likely heard the story of Charlie Javice. She is accused of creating 4 million fake student accounts to inflate the user count of her company Frank, which she then used to sell the company for $175 million on Chase. In reality, she only had about 350,000 customers. Well, interviews with former […]