Confession of A Nespresso Fraud Money Mule
Here is a fascinating video where Nina Kollars inadvertently found herself dealing with a complex scheme involving Nespresso Coffee Pods. In Nina’s own words – In 2018 I somewhat innocently bought very expensive coffee (Nespresso capsules) online from Ebay. What followed was a series of unexpected additional packages from the manufacturer Nespresso and a lurking […]
Loan Fraud is Shooting Up and Up and Up in India
Not a day goes by that I don’t read an article about the problem of loan fraud in India. It started a couple of years ago with the massive $1.8 Billion Dollar loan fraud at Punjab National Bank and it has only gotten worse. That case which involved 3 bank insiders working with billionaire Nirav […]
950 Accounts Impacted in $2.4 Million Bust Out Scheme
A San Bernardino County man faces federal criminal charges that he masterminded a bank account “bust-out” scheme that defrauded Wells Fargo out of $2.4 million and compromised more than 950 of its accounts. Steven Michael Banks Hubbard Jr., a.k.a. “Marcus” and “Man,” 36, of Rialto, was charged in an 11-count federal grand jury indictment returned […]
Duh. Dumb Fraudster Post His Crimes on Instagram
There are dumb criminals and then there is Arlando M. Henderson. He was arrested this week for stealing more than $88,000 in cash from the vault of the bank where he was employed, and then committing a separate loan fraud in connection with the purchase of a luxury automobile. So why is he so dumb? […]
YouTube Has A Massive Problem – Fraudulent Claims
Youtube has big problems – and it involves fraud. Companies are making fraudulent copyright claims against creators and swiping millions in revenue fraudulently. Check out this video that explains the problem and just how bad it has gotten. It also shows a creative solution to the problem – filing a counterclaim using copyrighted content such […]
Viral Video Shows Woman Committing Card Fraud
A viral video made the rounds today showing a woman who is helping a customer apparently help herself to the woman’s credit card. While the customer goes to get something off the shelf, she sneakily takes a picture of both the front and back of the card. The audacity of some people!
13 People Arrested for Using CPN’s To Defraud 3 Banks
I’ve said it before, and I will say it again – using a CPN is a fraud and you can go to jail. If you don’t believe me just ask the 14 people that were arrested and charged in Milwaukee County accused of defrauding banks for over $500,000. Instead of using their correct social security […]
DOJ Cracks Back on Money Mules used in Fraud Scams
From the DOJ, a press release was issued which outlined their aggressive enforcement against money mules. This is what they outlined. Attorney General William P. Barr and law enforcement partners today announced a concentrated effort across the country and around the world to halt money mule activity. Money mules assist fraud schemes by receiving money […]
Fraud Guarantee Name Used to Trick Google Search
Have you heard about the company named “Fraud Guarantee”? It’s the company that is at the center of the Trump and Giuliani Ukraine scandal that was used as a shell company to pay off vendors and associates. But the reason that he gave the company the strange name is the most interesting story of all. […]
Fraudster Used 477 Stolen Cards On Apple Pay
A 30-year-old Miami man – Daniel Butler – was sentenced to more than four years in federal prison for putting 477 stolen credit cards on Apple Pay and iPhones and then racking up more than $1.5 million in purchases. Since there is no limit for Apple Pay transactions on the iPhone, Butler was able to […]
How the Viral Cash App Fraud Scam Works
The Cash App Scam is making the rounds on the internet. This Youtuber breaks down how the CashApp Scam works and how to avoid it. It’s a scam that relies on gaining your trust and relying on your greed.
281 Arrested In Global BEC Fraud Takedown
Federal authorities announced a significant coordinated effort to disrupt Business Email Compromise (BEC) schemes that are designed to intercept and hijack wire transfers from businesses and individuals, including many senior citizens. Operation reWired, a coordinated law enforcement effort by the U.S. Department of Justice, U.S. Department of Homeland Security, U.S. Department of the Treasury, U.S. […]
Man Steals 1,300 Customers Card Numbers With His Mind
He has a photographic memory and he used it to commit one of the most unusual card frauds in history. 34-year-old Yusuke Taniguchi was arrested for stealing card information of over 1,300 people and used it to make purchases online. According to police, he worked as a cashier at a mall in Koto City. When a customer […]
The Fraud Bible is The Hottest Book on The Internet
Reddit, Youtube and Instagram are abuzz this week with the wide release of a new book called “The Fraud Bible”. The Fraud Bible originally published early this year has become a viral sensation. The FraudBible promises would-be hackers, scammers, and novice fraudsters a way to make a quick buck from everything from carding, to gift […]
Wire Fraudsters Are Targeting Mortgage Cash-Out Refi’s
Tom Cronkright, CEO of Certifid is warning mortgage lenders of a serious new fraud trend. Certifid provides a secure platform to enable businesses and consumers to safely and securely wire funds to avoid fraud by third parties. They also offer up to a $1,000,000 guarantee against fraud. Due to the drop in interest rates, borrowers […]
Credit Washing Fraud is A Dirty and Growing Business
Credit Repair is a noble business. Helping consumers understand how credit works and then helping them find ways to improve the way they manage their credit just makes the whole system better. But there is a dark side of the business too; run by con-artist who convince consumers to engage in shady, illicit and sometimes […]
Aspiring Rapper Defrauds His Employer for $4.1 Million
Chad Focus was focused on two things; becoming famous and making millions of dollars. On Instagram he even posed the question to his 187,000 followers, “How much would pay to be famous?”. For the rapper, whose real name is Chad Arrington, that price is will probably be as high as $20 years in prison. He […]
Fraud Investigator Shares Experiences with Elder Abuse
Fraud Investigators often have unique insights into what happens behind the scenes and banks and lenders. Unlike the general public, they get to see first hand the impacts of fraud and scams on consumers. And nowhere is that impact greater than when it is perpetrated on the elderly. This is a guest post. The investigator […]
Behind The Scenes Footage of A Fraudulent Call Center
Do you want to see behind the scenes of a scam call center? Check out this video if you want to get unprecedented access to what it’s like in a scam call center! This is pretty incredible. You get a step by step view into what these scammers are doing.
CPN Fraud Lands an Oklahoma Man In Jail
I often hear from people that using a CPN to apply for credit is completely legal. But they are wrong. You can ask DEMARR FANNELL GREER of Edmond, Oklahoma, who was just sentenced to 24 months in prison for fraudulent use of a Social Security Number. He thought he found an easy way to get a […]
Car2Go Fraud Fiasco – Benz, Benz, Benz!
Car2Go halted service in Chicago this week when over 100 of their 400 cars in the city were “stolen by deceptive and fraudulent means”. That’s 25% of their total available pool of cars. The thieves weren’t interested in just any cars available on Car2Go. No, they targeted the more valuable Mercedes Benz and police report […]