Man Defrauds Poor Girl Scout Selling Cookies
Every year, tens and thousands of young girls go out and learn about the value of hard work by selling girl scout cookies to raise funds for their troop. But this year, one girl learned a completely different lesson while selling cookies – you can’t always trust someone – even when they are paying cash. […]
Hackers Are Using Fraud Scores to Sell Your Data
Your yahoo account credentials from 1999 may sell for 10 cents on the dark web, but your Netflix username and password could fetch $2 or more. Access to your router, however, could run as high as $15 if it’s considered low risk by hackers. It’s all because hackers are using the same types of fraud […]
Got Fraud? The Thief Could Be Someone You Know
For many years I was a fraud investigator, researching cases of fraud after the fact. My job was to find out who committed the fraud so we could report them to the police, or try to get the money back for the bank. It was an interesting job. And it opened my eyes. I spoke […]
$7 Million Fraud Involved 31,000 Cars, 31 Car Dealers
Curbstoning is the act of selling used vehicles under the false pretense of being the car’s owner in order to evade city or state regulations imposed on authorized automotive dealers. But it can also involve individuals that try to skirt state dealer licensing laws by “borrowing” legitimate dealers licenses to sell cars. It’s big business and […]
Synthetic Identity Contagion Spreads to Apartment Rentals
Don wasn’t a very good credit risk. In fact, he defaulted on just about every credit card and loan he ever had. He had been evicted from just about every apartment he had ever rented, couldn’t hold down a job and spent his day partying and causing havoc. He was about as lousy as paying […]
The $3 Billion Fraud Ghost Account Nightmare Ends
It looks like Wells Fargo may finally be closing the chapter on some of the darkest days in their long history. The fraud began over 18 years ago, and yesterday Wells began to close the chapter by admitting their wrongdoing and agreeing to pay a massive fine. Yesterday the DOJ announced that Wells agreed to […]
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. […]