Massive Title Washing Fraud Ring Busted In PA
Towing shops, used car dealers and fraudsters working in cahoots to defraud consumers and victims of car theft. This week General Josh Shapiro announced criminal charges against 19 individuals and 13 separate businesses for a massive “title washing.” fraud ring that operated across Pennsylvania. The participants in these criminal rings included George Frietto of George’s Garage, Luis Salazar of […]
Senate Report – Fraud and Scams are Up on Zelle
A new report is shedding more light on some of the numbers and losses related to Zelle fraud and scams. Incidents of fraud and scams are occurring more often on the popular peer-to-peer payment service Zelle, according to a report coming out Monday from the office of Sen. Elizabeth Warren, giving the public its first […]
Fishing Fraud Fiasco- A Massive Cheating Scandal
It may be one of the most shocking cases of fish fraud in recent history. All hell broke loose earlier this week when two fishermen were caught stuffing weights and fish filets into their contest-winning catches at a fishing tournament held in Cleveland this week. “We got weights in Fish!, screamed Jason Fisher -the tournament […]
He Stole His Identity, Then Police Found Dead Roommate
Talk about getting a free ride and not paying your rent. According to the Butte County District Attorney’s office, David Pirtle, a 57-year-old Chico man, was charged with 51 counts of fraud last Wednesday for allegedly stealing the identity and money from his roommate. The twist in the case was that his roommate had died […]
Bank CEO’s Say Zelle Fraud Is Low – Is That Really True?
Fraud has always been a bit of a political livewire ?⚡?? . How many fraud fighters out there are afraid to use the “F” word in conversations with senior execs and instead opt to use milder terms that won’t rile people up ✋? We’ve all been there at one point or another. I can’t tell […]
I Talked To Masked Fraud Fighter – Infamous Ghost
My favorite Youtube channel is run by incognito fraud fighter Infamous Ghost Money. If you haven’t seen his reporting, you should. He wears a mask, prefers not to release his true identity, and gets down to the nitty-gritty of fraud cases. And if you love fighting fraud like me, you’ll find it an absolute go-to […]
Billions in Fraud Went To Dead People and Prisoners
The OIG, issued a shocking report that revealed that potentially billions in unemployment claims were paid out to dead people and prisoners since March of 2020. The damning report issued by the inspector general accuses the DOL of slow rolling data and impeding the progress of getting better fraud controls in place. Over 200,000 Dead […]
New Report – Fraud Soaring But Banks Struggle With Tech
A new report released by Featurespace this week sheds light on just how much banking executives are grappling with the growing problem of fraud and all the headaches it’s causing for them. The Featurespace report which polled 200 executives working at large financial institutions reports that 62% of banks are reporting higher levels of fraud […]
Jose Pacheco Can’t Make A Good Fake ID
Today in fraud news – the winner of the worst fake ID in history goes to poor Jose Pacheco. Jose paid good money for a fake id, but he had one little problem – he had his girlfriend join him for the photo. Now, even though this ID Jose made might be fake, his love […]
Fraud Check Washers Hate This Very Ordinary $2 Pen
According to recent reports and fraud experts, check fraud is booming again. In the last 6 months, various new variants of old methods have emerged. In large part, those losses are driven by skyrocketing thefts of checks from the mail, which are then “washed” and cashed or deposited by fraudsters through bank accounts. By all […]
Fraud KingPin Had ID Theft Evidence Against Him Deleted
Nigerian Fraud KingPin James Aliyu was recently arrested at his luxury Sandton home in South Africa. For years law enforcement sources and a Nigerian organized crime insider told a publication TimesLIVE, there was suspicion about how he was seemingly able to evade prosecution in the case for so long including an arrest that was made […]
Like Mother Like Scammer – Friendly Fraud Duo Arrested
It took decades for karma to catch up with Karan and Allysa Geist, but it finally did. For 13 years, they allegedly used over 100 different credit cards to pay for designer clothes and lavish vacations and then disputed those charges as fraudulent. In total, they bilked card companies out of $850,000. Card issuers refer […]
Listen to The Credit Washing Podcast on Fraudology
I had a chance to visit with Karisse Hendrick on her stellar podcast Fraudology and talk about the dirty business of washing and fraud. In particular I am talking about check washing – which has orbited to the stratosphere the last year and credit washing – which continues a steady climb upward since 2019. For […]
How Sales Pressure Can Cause Spikes in Auto Fraud
Sales and Fraud are sometimes at odds. Sales people want to sell. Fraud people want to stop fraud. These often don’t go hand in hand. The most motivated buyers are often the fraudsters themselves, so why would you ever want to turn down a sale to anyone. The answer is quite simple actually. PointPredictive analysis […]
Going to Jail. He Used Many Names and Kids’ SSN’s
A Georgia man was sentenced today to 94 months in federal prison for participating in a nationwide fraud ring that used stolen Social Security numbers – including those belonging to children – to create synthetic identities used to open lines of credit, create shell companies, and steal nearly $2 million from financial institutions. Corey Cato, […]
Guy Takes Skimmer – ” Hey You Can’t Do That Man”
A Tik Tok user posted a video of a skimmer he found, and it has people debating whether the cashier might be involved in the case. 4 days ago, TikTok user WillHunter908 posted this video which he took at a 7/11 in Milpitas California. “Just did it again”, he says as he pulls a skimming […]
I Just Got Hired At BingBong As The New Fraud Manager
Hi, my name is Harold Tinkintonkin. I really want to thank Frank for letting me guest post on his blog! Now I’ve been in fraud management working for some of the oldest and biggest banks in America. But https://staging.https://staging.https://staging.https://staging.https://staging.https://staging.https://frankonfraud.com/wp-content/uploads/2016/09/online-fraud-losses-7.jpgonfraud.com/wp-content/uploads/2016/09/online-fraud-losses-6.jpgonfraud.com/wp-content/uploads/2016/09/online-fraud-losses-5.jpgonfraud.com/wp-content/uploads/2016/09/online-fraud-losses-4.jpgonfraud.com/wp-content/uploads/2016/09/online-fraud-losses-3.jpgonfraud.com/wp-content/uploads/2016/09/online-fraud-losses-2.jpgonfraud.com/wp-content/uploads/2016/09/online-fraud-losses-1.jpgly, I was tired of all the bureaucracy and slowness of big banking so I left. Screw […]
Why Is Adam Pisces Using So Many Credit Cards?
About 5 years ago, a flood of customers began to notice $1.99 transactions on their credit cards from Dominos. Even Reddit users were noticing these fraudulent orders and Domino’s online tracker that was available to the public showed hundreds of orders with the same phone number linked to these orders. It was a big mystery […]
Is This Man The Greatest Identity Thief In History?
It’s hard to call an identity thief or an imposter a hero, but the story of Ferdinand Demara might come close. Born in 1921, his impersonations included a naval surgeon, a civil engineer, a sheriff’s deputy, an assistant prison warden, a doctor of applied psychology, a hospital orderly, a lawyer, a child-care expert, a Benedictine monk, a Trappist monk, an editor, a cancer researcher, and a […]
Mom To 14-Year Old Son, “Raise Your ID Theft Prices”
You don’t often hear or a parent encouraging their kids to be better at crime, but that’s exactly what happened recently, according to law enforcement officials. 14 year Elijah Duett and his mother were recently charged with an identity theft scheme, according to a recent press release from the Volusia Sheriffs Department. Elijah first came […]
The Honor System and Why COVID Fraud Flourished
It’s estimated that nearly 50% of Unemployment Benefits were stolen during Covid and that approximately 25% of the Paycheck Protection Program loans were subject to fraud. Catch this Bill Maher episode where he speaks to experts about what went wrong. As you can expect its a heated and emotional conversation. What do you think? Are […]