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 […]
TSB is First Bank to Give Customers Fraud Guarantee
TSB has 5.2 Million customers and they are all now covered under a newly announced “Fraud Guarantee Program”. This makes TSB the first bank in the UK to announce a program to protect customers from scams by refunding their money when they fall victim to them. UK Finance shows £354 million was lost last year […]
Fraudster Steals 178 Identities and Heists PenFed for $1M
A press release was filed by the District Attorney of Brooklyn to announce a massive fraud case perpetrated against Pen Fed which originally appeared here – Press Release. Brooklyn District Attorney Eric Gonzalez, together with Special Agent in Charge of the U.S. Secret Service New York Field Office David E. Beach, today announced that a […]
The World’s Greatest Counterfeiter of All Time
The art of making money as described by the greatest counterfeiter of all time. Frank Bourassa, printed $250 million in fake US currency until he was caught by an undercover cop in 2012. And yet he hardly served any jail time. In this episode, Bourassa reveals his process, and the aftermath of his arrest.