Synthetic Identity’s New Shell Game – Fake Tradelines
There’s a new game in town for synthetic fraudsters and unscrupulous credit repair companies – fake tradelines. And they might be using shell companies to perpetrate the devilish new scheme. Those fake tradelines are being used to artificially inflate the credit scores of people that are using them so they can bypass lenders credit and […]
New Law Targets Synthetic ID Fraud in Oklahoma
A new bill was signed into law in Oklahoma which will lead to harsher penalties for fraudsters that use children’s social security numbers. The bill aims to fight the rising level of synthetic fraudsters that are victimizing children by using their social security numbers. A study in 2018 conducted by Javelin, found that 1 million […]
Man on The Run After Giant Auto Loan Fraud Across States
Houston Police say they are building a giant case against 61 year old Jorge Lamarche who is accused of buying a large fleet of cars using 9 different aliases and fraudulent identities. Lamarche is currently on the run and was last seen at dealerships in Houston purchasing cars with stolen identities. Sargent Darren Schlosser Spearheading […]
Phantom Auto Loan Fraud Scam Targets Credit Unions
There are real ghosts haunting auto lenders loan portfolios, and they are causing substantial portfolio losses when they are not exposed. The spirits I am talking about are loans without any substance or truth behind them. The buyer, the seller, the car, and often the dealer information is completely fabricated and the lender is fooled […]
What is Digital Identity and Why Should You Care?
In the last 5 years, “Digital Identity” has become the hottest trend in fraud management. With billions in investment and acquisitions in the space, understanding the what a digital identity and why it is important to fraud fighters. Eric Haller, the Executive Vice President of Experian, does a brilliant job of explaining what a “Digital […]
Woman Charged For VHS Tape Rented 21 Years Ago
A woman was charged with Felony Embezzlement for not returning a VHS Tape – Sabrina The Teenage Witch over 21 years ago. What’s worse, is that she doesn’t even remember renting the movie at all. She believes her boyfriend at the time who had two young daughters rented the tape in her name. “He had […]
Luxury Dealer Investigated by Police, DMV and Youtuber
They sell high end luxury cars to the rich and famous in California, but things seemed to have soured for the once reputable dealer in recent months according to youtube videos and announcements by news media sources. Police and the DMV confirmed that they are investigating a luxury car dealer – CNC Motors in Upland […]
Brett Johnson Sounds Off on Unemployment Fraud
Brett Johnson doesn’t mince words and he shoots straight when it comes to his opinions on the state of fraud. You see, it’s his unique perspective to the anti-fraud industry having been placed on the United States Most Wanted List, convicted of 39 felonies, and sentenced to 7 1/2 years in federal prison. He understands […]
Is There Systematic Fraud In Commercial Real Estate?
A Wall Street Whistleblower is raising the red flag on commercial real estate fraud. Are we headed for another financial calamity? If you remember the last great financial crisis, it was dodgy mortgages loaned against wildly inflated property values that sent the economy into a tailspin. Fast forward 11 years later and it just might […]
What Do You Do When An ID Thief Won’t Leave You Alone?
Identity theft can be a living hell these days. With social engineering and sim swapping now an integral part of every scammers tool kit, it can be impossible to stop a determined identity thief from draining every cent of your money and leaving you out in the cold. Help! Someone Stole My Identity And They […]
Ladies Pass Fake $1 Million Dollar Bill At Dollar Store
In today’s dumb news, two ladies were apprehended trying to use a fake $1 million dollar bill to pay for a few items at the Dollar General Store in Maryville Tennessee. According to the Blount County Sheriff’s Office, deputies responded to reports of two women that were attempting to pass the fake bill to purchase […]
Pastor Takes Out $3.5M in PPP Loans, Buys 39 Cars
Federal prosecutors have gone into action to seize the cars and bank accounts of a DC pastor that applied for $3.5 Million in PPP loans and then used the proceeds for a slew or personal purchases. A press release from the Department of Justice announced that Rudolph Brooks, Jr, the pastor for Kingdom Tabernacle Of […]
In China A Govt Anti Fraud App Has People Suspicious
Fraud in China has gotten so bad, that the government launched an app in March called the China Anti-Fraud Centre to combat it. The app is provided as a download on the Apple Store in China and helps to prevent fraud in realtime on peoples phones. Skyrocketing Telco Fraud in China Fraud has shot up […]
Scam Buster Uses Real Bank Accounts To Lure Scammers
A youtuber that runs the channel Scammers Payback, had failed often to lure scammers using fake bank accounts as scammers now work behind the scenes to validate that bank accounts are real before engaging with victims. There are currently so many scam baiting youtubers that scammers are now very good at understanding when they are […]
State Recovers $800 Million in Fraud Payments
You can recover funds if you try and its an important part of any fraud prevention program. Pennsylvania announced today that they successfully recovered over $800 million in fraudulent unemployment payments. Most of the payments were made from the Pandemic Unemployment Assistance (PUA) program and appear to be related to stolen identities. While unemployment payments […]
Biometrics Will Authenticate $3 Trillion In Payments Soon
Your phone and your face will become the next key weapon in the fight against mobile fraud. In the next 4 years, Juniper Research predicts that over $3 Trillion in payments will be authenticated with biometrics. This includes facial recognition, iris detection, voice and fingerprint matching. The extraordinary growth in biometrics is largely being fueled […]
Passenger Verification Might Help Stop Refund Fraud
Professional Refund fraud has emerged as the single fastest growing type of e-commerce fraud since the start of the Pandemic. Hundreds of professional refunding companies have sprouted up on social media and message boards like Telegram, to help consumers get free food and merchandise by claiming that they never received the deliveries. But Uber Eats […]
Colorado Hits 1.2 Million Unemployment Frauds
The state of Colorado is the latest in a long line of states to get hit with a wave of unemployment fraud claims. And boy are they getting clobbered. The fraud rate for the unemployment program in Colorado is now at 55%. Fraudsters are “flooding the zone” inundating the agency, victims and employers with so […]
Kentucky Hit By Bot Attack, Shuts Down Website
The state of Kentucky is so desperate to stop rampant fraud that Kentucky Govenor Andy Beshear is shutting down the states unemployment benefits site for four days starting tonight. The move comes after cybercriminal fraudsters using bots were able to get into about 300,000 unemployment accounts to reset the victims 4 digit PIN numbers. After […]
Michigan Receives 100,000 Fraudulent Claims in 1 Week
The Fraud Wave in Michigan is on fire recording one of the highest spikes in unemployment fraud claims in history. Since last Friday, 100,000 likely fraudulent unemployment claims have been filed in Michigan the states Unemployment Insurance Agency said Wednesday. All the claims filed for the federal program called Pandemic Unemployment Assistance (PUA), were stopped […]
The Leaky Faucet That Lead to A Big Case Of Fraud
When Carol Jeffcott stepped outside to water her lawn at her sunny home in San Tan Valley Arizona she noticed that the water spigot was leaking. Just a few drips at a time, but she figured she needed to get it fixed. So being a responsible homeowner she went out and found a local plumbing […]