“Bombin & Billin” -What I Learned at Yahoo Boys School
The Yahoo Boys are notorious and growing like wildfire. With a poverty rate of 40% in Nigeria, the loosely formed scamming empire has no problem recruiting kids who want to make big money in scams. For recruitment, hundreds of “Yahoo Boy Universities” have sprung up everywhere. These are places where young people can work with […]
Toronto Police Announce Major Synthetic ID Sting
Toronto Police have announced a sweeping crackdown on Synthetic Identity after a financial institution warned them of the increasing threat in Canada two years ago. The operation called “Deja Vu” is a first of its kind in Canada and it specifically targeted criminals that use fictitious or stolen PII to create new identities. 680 Unique […]
The Fraud Case of Alice Fries Will Be Hard For Wells Fargo
Alice Fries, a long-time Wells Fargo customer, had $100,000 stolen from her account in October through an increasingly common imposter scam that exploits the bank’s “flawed two-factor authentication system.” That is according to a lawsuit filed in Los Angeles. Alice Fries is now suing Wells Fargo for the stolen money and damages caused by the […]