Industry Insider Wants to Kick Fraud Out of Auto
Joel Kennedy knows a thing or two about auto finance. You could call him an expert. He co-founded a company that specialized in lending to borrowers with low credit scores called Pelican Auto Finance. In a recent article that appeared in Non Prime Times, he shines the spotlight on one issue that he believes the […]
Kids Are Twice As Likely to Be Fraud Victims Than Adults
Here is something to make your bold boil. Toddlers and kids are under attack by fraudsters. About 1 in every 50 kids is subject to becoming victimized by fraudsters in this day and age. Your son, daughter, grandson or granddaughter are the #1 target of these fraudsters because their social security numbers are cleaner and […]
Congress Strikes Back at Synthetic Identity Fraud
Congress is striking back and fraudsters that steal children’s social security numbers to perpetrate synthetic identity fraud. The U.S. House of Representatives approved a new law that U.S. Reps. Carlos Curbelo (R-FL) and Randy Hultgren (R-IL) led to stop synthetic ID fraud in which children’s identities are commonly stolen and used by scammers to create […]
Bad Bots Are Taking Over the World
2018 was the year that Bots went mainstream. According to a new report by Distil Networks, Bot activity accounts for 42% of all internet activity. And what’s worse, is that close to half of that activity is by malicious “bad” bots. Bad Bots are taking over the world. 1 in every 5 hits to […]
Shaq Drops $70K at WalMart, Gets Declined For Fraud
Shaq does everything big. He stands a towering 7 feet 1 inches tall. He dunks big. He rebounds big. He’s got size 22 shoes. And he owns 155 Five Guys Burgers joints. The guy is a big personality. And he is a big spender too. There is one record that no one can touch – […]
A Quick Way To Defraud a Fraudster
Are you pissed at fraudsters and scammers that are constantly phoning or emailing you with every scam known to mankind? I regularly receive at least 1 fake IRS phone call a day and I am fighting back. One of the best ways to fight back is to waste the scammers time. This site is an […]
5 Mistakes To Avoid When Launching Zelle
Products in banking are changing fast! And no where is that more true than instant payments. Nearly 60% of consumers use peer to peer payments on their cell phones and that number jumps to 80% if your between 18-34 years old. Venmo initially prompted the craze with their enormously popular application that would let people send […]
Watch Guy Sweat Bullets as He Pitches Scam to Dragons
Watch this poor guy sweat bullets on National TV as he tries to pitch a pyramid scheme to the dragons on national TV. His ex-wife scammed him out of $10,000 and he tries to recruit the dragons into a scheme so he gets paid back. https://www.youtube.com/watch?time_continue=302&v=XCuLN9yWMUo
6 Reasons Why P2P Fraud is A Big Big Deal
Person to Person Payments (P2P) is blazing hot! It is without a doubt the hottest trend in banking as apps like Venmo and Zelle boast millions of new users monthly. But it also happens to be the hottest fraud trend as well, as cybercriminals and scammers rush in to take advantage of instant payoff as […]
Mortgage Fraud in China Is Out of Control
There is a property binge in China and people are so afraid of missing out on the gold rush that they are lying on their applications. Since 2012, property prices have been on a tear as the economy has improved and the government has offered incentives to help people get into homes. They lowered down […]
Hero Refunds $20,000 To Fraud Victims Brilliantly
You have to watch this video. This guy is a hero. He is a brilliant coder and managed to turn the table on scammers that were trying to steal his money through a tech support scam. By utilizing a keylogger program he was able to turn the table on the scammer, get his bank account, log […]
32 Mercedes Seized in Auto Lending Fraud Case
32 Mercedes Benz vehicles were seized by Law Enforcement in Los Angeles last weekend with a value of over $3 Million. The vehicles were discovered by the California Highway Patrol right before they were going to be loaded on shipping containers and headed to China. Mercedes Benz imported from the US are a hot commodity in China […]
The Woz Gets Defrauded Out of His Bitcoin
Steve Wozniak had 7 bitcoin stolen from him through a credit card fraud scheme. The co-founder of Apple computer explained how he lost the bitcoin to a clever fraudster that conned him out nearly $100,000 by paying him with a phony credit card and then canceling the payment when the bitcoins were transferred. He Wanted […]
Phishing Fraudsters Pretend To Be Phony Fraud Analyst
Fraudsters figured it out. If you can’t beat em, join em. Which is exactly what they are doing now, and scamming consumers for tens of millions of dollars each month. If you want to see how they are doing it. Check out this story posted by a consumer that got scammed – I Got Phished. […]
Synthetic ID Fraud is Hot, But Think Bigger
As fraudsters become more sophisticated, more types of fraud are affecting auto finance. But rather than put the bulk of resources into emerging fraud types, auto lenders should develop a holistic approach to fighting fraud, experts say. “There is a tendency for lenders to react to the fraud of the moment,” which for now is […]