Fraud Arrest. “Someone Told Me I Could Use A CPN”
A video captures the dramatic arrest of a suspect using a fake identification to buy a car at an Atlanta area car dealership while using a Credit Privacy Number (CPN). The guy was using the identification of a person named “Peter Swift” who is a writer for a New York paper, but the man being […]
Massacre of Call Center Reps Linked To Fraud and Cartel
Tragically, the grisly discovery of the remains of 45 young people in a ravine in Mexico appears to be linked to a call center being investigated for fraud. Family members began reporting that seven employees working for a call center in Zapopan, Mexico disappeared between May 20th and May 22nd and never returned home. When […]
Online Paystub Co Tells You How to Spot Fake Stubs
A paystub generation company is offering a handy little video on how to spot fake paystubs. It seems odd that a company that helps customer generate paystubs online have a tutorial like this when they are in the business of providing people with a tool to create paystubs. By the way, I tried their online […]
Illegal Primary Tradeline Fraud Spreads Like A Virus
Credit repair is a massive $4.4 billion annual revenue industry. And some of the shadier players seemed to have tapped into a very lucrative new market. Selling fraudulent primary tradelines which are virtually undetectable from the real thing. The Jig Is Up on Authorized Tradelines, So Now The Scheme Is Shifting Authorized user tradelines are […]
Booming Check Fraud Channels Grow 500%
Thousands of new Telegram channels are sprouting up online dedicated to the trafficking of stolen and counterfeit checks. A new report released this week by BlueVoyant indicates that they monitored four times as many check fraud IM groups in January 2023 as in January 2022, with noticeable increases toward the end of 2022 that continued […]
Telegram Check Fraudster Stole $1.2 Million In Funds
Meshach Samuels has pled guilty to over $1.2 million in suspected fraud. The case shows how intertwined social media and check fraud have become. Fraudsters sell their fraudulent methods and checks or recruit mules and co-conspirators to help them in their schemes. Like many other fraudsters, he used social media to perpetrate his scheme and […]
Report – 300% Spike In Fake Documents Detected In 2022
Fake docs are multiplying online, faster than ever before. A recent report by Inscribe, The 2023 Document Fraud Report, found that the number of fake document templates detected last year soared by 300% as more people turned to fakery to get loans approved. Even worse? The human eye can only detect about 10% of those […]
Code Red – Close To 1 In Every 3 PPP Loans Had Fraud Flags
It’s no secret stimulus programs were a hot mess of fraud. But a new report is revealing just what a mess it was. A new Government Accountability Office (GAO) study has revealed that 28% of PPP and EIDL loans contained fraud red flags. The study found that over 10 million businesses collected over $1 Trillion […]
IRS Flags Historically Low 1 Million Tax Frauds This Year
CNBC reported that the IRS had flagged more than 1 million tax returns by early March as being filed by potential identity thieves. That number sounds shockingly high. Is tax fraud spiking? Should we be worried? When you dig into the history of IRS tax fraud, that 1 million counts could actually spell very good […]
Freeze Switches May Create Odometer Fraud Boom
Each year 40 million used cars are sold, and over 450,000 have odometers that were illegally altered. And the impact to consumers is huge – approximately $1 billion a year according to industry estimates. It’s a serious issue, that experts believe may only get worse as new technologies being sold online gets into the hands […]
Unemployment Fraud Rages In Massachusetts Again
If you thought we left unemployment fraud in the rearview mirror with COVID. Think again. A new surge in unemployment fraud claims in Massachusettes is so high that it is reportedly distorting national unemployment stats. The state has been battling against takeover fraudsters and identity thieves to the point where it is now having an […]
Taking The War On Check Fraud To The Dark Web
I often refer to check fraud as the Rodney Dangerfield of fraud types because it gets “No Respect” and even less investment. It’s an arcane fraud that first emerged over 500 years ago but has recently taken center stage again thanks to rampant mail theft of checks, a bustling secondary market for those checks on […]
You’re Not Dead – Bizarre Credit Karma Glitch
Imagine waking up one day to find out you are dead. What appears to be a Credit Karma glitch of some sort is going viral on Social Media. Thousands of people are reporting that their profiles are reporting them as “deceased” on Credit Karma and that all of their accounts have been closed. The problem […]
Synthetic Refund Fraud Rolls Two Frauds Into One
Brett Johnson has been tracking Professional Refund Fraud for close to 8 years and he is reporting a new dangerous variant that has emerged – Synthetic Refund Fraud. According to Johnson, fraudsters have figured out how to roll two damaging frauds – synthetic identity and professional refunding fraud – into a single monster fraud. A […]
TSB Says Meta Drives Over 80% Of The Fraud And Scams
TSB bank says that Meta is responsible for most of the fraud and scams perpetrated against their customers, and they want social media companies to step up and own financial liability just like the banks do. According to recent reports, the bank has reported a significant increase in scams originating from Meta-owned sites and apps, […]