2 Bank Employees Sent Screen Shots To Outside Fraudster
A new internal fraud case at Citizens Banks and Santander again proves that employees are often the weakest link in banks’ fraud control systems. In this particular case, employees from two banks were recruited to work for an outside fraudster who wanted customer information and screenshots from them so he could commit a massive and […]
She Was Wrongly Accused of Card Fraud. It Ruined Her Life
Sandra Wilson went to her local gas station to buy a pack of Cigarettes at her regular gas station one night. It’s something she had done hundreds of times before. She could even count the steps from her car to the gas station – 141 steps – since she had done it so many times. […]
Fish Commits Fraud, Exposes Owners Card Number Online
Crazy things happen in Japan. And you’d be hard-pressed to find a more bizarre fraud case than a recent case of “Fish Fraud” that occurred there recently. According to Techspot News, a Nintendo Switch owner’s pet fish accessed his shopping account and added funds using his credit card, and committed various other offenses as well. […]
New Dastardly Self Check-Out Scam Emerges At Walmart
Walmart shoppers have been complaining about a new self-checkout scam stealing their hard-earned money. The scam was first reported on Classic 96.1 by an anonymous Walmart customer in Spring Texas, who was shocked to find an unidentified charge on their receipt when they got home. The receipt showed a mysterious item called “Debit Load” for […]
Founder Fraud – Chase Stung By Fake Account Fraud
Fake Account fraud is growing. Late last year, Elon Musk tried to back out of buying Twitter because he said up to 20% of the accounts on the platform were fake – created by bots. He was unsuccessful. And now Chase has just got stung by a major case of fake accounts that has them […]
TD Vice President Ran A $30 Million Internal Loan Fraud
Internal fraud is on the rise across the US. This week, the DOJ announced a massive loan fraud case involving Daniel Hernandez – a Regional Manager for TD – where he is accused of orchestrating 90 fraudulent applications for PPP loans. According to the complaint, he assisted in over $30 million in PPP loans and […]
Dawn Of The ShapeShifter – 10 Fraud Predictions for 2023
The world we live in is changing before our eyes. ? Things are never quite what they seem. Nothing can be taken at face value, and strangers making promises cannot be trusted. ? Sadly, everyone we know has been victimized by fraud or a scam and lost their hard-earned money. Fraudsters no longer look like […]
It’s a Fraud Blitz! No Chip On Tax Refund Debit Cards
Over 8 million debit cards have been sent to California residents loaded with up to $1,250. But someone forgot to put the Chip on those cards, and the cards have become a skimmers haven. ABC7 news reports, “A growing number of Californians are reporting that scammers have drained their inflation relief debit cards, prompting one […]
Zombie Debt Reassignment Boosts Synthetic Identities
Zombie tradelines. ? Every heard of em? I didn’t until a few months ago. Synthetic Identity is an endless cat-and-mouse game. Just as banks ? catch on to one scheme and react, a new loophole in the system is identified by the mouse ? and exploited. And there’s a new mouse in a town called […]
Jim Browning Tells You How He Scams Scammers
Scam baiter Jim Browing beats call center scammers at their own game. He can hack their computer systems and watch their every move as they try to trick people out of their life savings. The scammers target anyone – and they will drain your money if they get the chance. But if he’s lucky and […]
SSA Employee Invented Fake Kids For Synthetic Identities
The SSA has often been the definitive source for identifying synthetic and real identities. But what happens when an insider at the SSA is accused of creating synthetic identities and stealing dead people’s identities to file benefits claims fraudulently? Well, that’s exactly what happened in the case of Justin Skiff. This week, the DOJ accused […]
Las Vegas Businessman Arrested For BEC Fraud
The DOJ announced the arrest of 4 men who ran a large email compromise scheme that defrauded corporations, banks, lenders, and credit card companies. All told, they are accused of stealing over $9.2 million in their scheme. Surprisingly one of the men – Marty Mizrahi – is a successful Las Vegas businessman that started Vegas.com […]
Report – Bot-Driven Account Fraud Is Soaring
A recent report by Kasada reveals that 69% of companies lose 6% or more of their revenue each year through bot-driven account fraud. Those companies that are losing money to account fraud spend an average of $500,000 a year trying to stop those bots, often with little success as those Bots, patterns are shape-shifting constantly. […]
Discover Stops Applications On New Product Due To Fraud
Discover has stopped accepting applications for their new product – A Cashback Debit Account, because of high levels of fraud. CEO Roger Hochschild said Tuesday during an appearance at the Goldman Sachs financial services conference that Discover had “pulled back on the marketing because of the amount of fraud we were seeing”. The product, which […]
Former Police Officer Exposes Shocking New Gift Card Scam
Nichelle Laus, a fitness influencer, business owner, and former police officer, knows how to spot a scam. Yesterday, this video went viral, exposing a gift card scam that is likely to fool just about anyone. Scammers are placing new barcodes on Gift Cards so that when you check out at the grocery store the funds […]