Credit Washer Erased Millions In Tradelines With Fraud
Like magic, she made people’s bad credit disappear. But was she a magician or something else? In a recent credit washing case out of Houston, Texas, it definitely was something else. And it may turn out to be one of the largest credit washing cases in history – at least in monetary damages. Over $3.3 […]
Is Credit Repair Fueling the Rise in Synthetic ID Fraud?
Doug wasn’t a very good credit risk. In fact, he defaulted on just about every credit card and loan he ever had. He was about as lousy as paying his bills as anyone out there and his credit score was below 500. But that didn’t stop him from walking into his local car dealership and buying […]
WhitePower Gangs Stole $1M In Forced Refund Fraud Case
More than two dozen people associated with criminal street gangs face a combined 86 years in prison after pleading guilty to a $1-million fraud scheme this last Friday. The street gangs were based in the Bay Area and operated between 2015 and 2018 and were members of the Bully Boys and CoCo Boys street gangs. […]
With Covid over, Fraudsters Finding New Soft Targets
The pandemic unleashed a wave of newbie fraudsters. The fact is government stimulus programs such as PPP, EIDL, and Unemployment prompted the creation of hundreds of thousands of new fraudsters and scammers (if not millions) in the last two years. We created financial pressure where they were desperate. We pushed trillions in stimulus money piles […]
Tell Me Which Generation of Fraud Fighter Are You?
In the last 50 years, technology and banking have changed so much. And during that time, fraud morphed and changed dramatically too. And that’s because banking has changed. It’s gotten so much more complex. In the 1970’s you had one option – your checkbook. Banking was boring. And well, fraud tended to be much easier […]
IRS Releases It’s Dirty Dozen Fraud Schemes For 2022
From the IRS, this week is some interesting news. The IRS wrapped up its annual “Dirty Dozen” scams list for the 2022 filing season this week, with a warning to taxpayers to avoid being misled into using bogus tax avoidance strategies. The IRS warned taxpayers to watch out for promoters peddling these schemes. As part […]
Aite Report – ID Theft Down But Not Out in 2021
Aite announced a new Impact Report commissioned by GIACT, a Refinitiv company, that details the impact of identity theft here in the US. The new report shows that while Identity Theft impacts 1 in 4 consumers, it actually decreased throughout last year as the pandemic began to subside. In 2021, the overall identity theft rate […]
Report – Auto Fraud Soars to New Record Losses
New reports are in showing auto fraud is at all-time high and some dealerships are reporting that 1 in every 3 financing deals that they receive are fraud. News station WCNC reported on the rise in auto loan fraud and cited the pandemic activation of fraudsters as leading to an increase in the loss rates […]
Is SSNValidator (The Site Fraudsters Use) Shut Down?
Sad news for CPN fraudsters today. SSN Validator, the site that all synthetic identity fraudsters love appears to be restricting access. So it’s not technically shut down, but for those chronic CPN creators it’s essentially not going to be an option anymore. SSN Validator Was Used By CPN Creators To Identity Non Issued SSN’s SSN […]
A Wave of Zelle Class Action Lawsuits Hitting Banks
A new wave of class action lawsuits is threatening to fundamentally change the way banks reimburse victims for scams. Wells Fargo, Capital One, Bank of America, Navy Fed, and TD Bank have all been hit with class-action lawsuits in the past 30 days. The lawsuits stem from customers that complain that the Zelle service is […]
Mythbusters Explains How Card Issuers Nixed Episode
Do card issuers have powerful control over the media when it comes to exposing security flaws? One trending video indicates that they might. Discovery Channel’s Mythbusters team regularly exposes flaws and myths using science and testing. One area that they tried to expose flaws was in the area of RFID but according to the Savage […]
Auto Fraud – The Story of A Would Be Straw Man
In the summer of 2013, I was an unemployed ex-con twice over, living next door to my mother-in-law in a house with no floors. Being June in Georgia, it was hotter than two hamsters farting in a wool sock. Work was rare. Even my dog looked disappointed in me. Something had to happen. Soon. So […]
Rise in Fraud Leads To “Open Season” On Mail Carriers
Fraud leads to violent crime, and that violent crime, in turn, leads to more fraud. And, that’s exactly what we are seeing with check fraud. Check fraud is soaring. Some banks report a more than 100% increase this year over last. But the recent rise in check fraud is fueling other crimes that pose a […]
Houston Teen Charged In Big Auto Loan Fraud Case
A 17-year-old Houston teen is accused of running an elaborate $600,000 scheme in which he illegally sold Teslas, Corvettes, and an Escalade. KHOU Houston broke the exclusive story which was investigated by Sgt Darren Schloesser of the HPD Auto Theft Unit. A local family said they were looking for a car and found a Tesla […]
Fax Fraud? California stopped a $560 Million Fraud Scam
California’s EDD agency claims to have identified and stopped a scheme involving over 47,000 suspicious unemployment claims early in May that would have resulted in over $560 million in losses. But get this, fraudsters used faxed claims and mailed in claims to try to bypass fraud controls. The fax scam was first identified about a […]
Biometrics Takes Leap Forward With Amazon One
If you forgot your wallet at home and want to pick up a quart of milk at Whole Foods you can now pay with your hand. That’s right, Amazon has just launched an innovative new service called Amazon One that lets you pay for anything in participating merchants with just the palm of your hand. […]
Get A Glimpse Inside WestPac’s Fraud Department
This is a cool little video that was featured on 9News in Australia. In this video, you get to see how WestPac’s fraud team protects its customers from fraud. Check it out these fraud fighters in action!
TransUnion-Canadians Kick The Fraudsters Out of Canada
Is fraud going down in Canada? According to TransUnion it is. And it’s because Canadian companies are implementing more fraud tech. According to TU, the rate of digital fraud originating from Canada decreased last quarter, with suspected online fraud attempts declining -40.6% from the same quarter last year. This is far better than the global […]
The Website All Synthetic Identity Fraudsters Use
I stumbled across a website that is used by anyone trying to build a synthetic identity. That’s right. And, it’s not on the dark web. It doesn’t require some special browser or password and is available to anyone – including you. Scores of tutorials on “How to Make your Own CPN” can be purchased and […]
Check Fraud Now Fueling More Violent Postal Crimes
Postal workers are increasingly becoming the targets of violent crime; – robbed at gunpoint for their postal keys. An alarming rash of robberies occurring in hot spots like Georgia, Washington DC, Texas, and other states has postal employees in those areas on high alert. Their USPS keys which can unlock those blue postal boxes are […]
FTC Says It’s Game Over For The Credit Game
They have close to 500,000 subscribers on their popular YouTube channel and are one of the most popular credit repair companies in the US. They claim to have generated over $15 million in revenue from their services. But, The Credit Game is accused of illegally charging consumers for credit advice, filing false ID Theft Reports […]