FrankonFraud

Category: Fraud

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 […]

Property Deed Fraud Is On The Rise as Values Soar

Property values nationwide are soaring and that has con-artist, thieves and scammers licking their chops trying to cash in. And many of those thieves are resorting to property deed fraud to steal properties right from under an owners nose. The scam is quite simple. A fraudster steals your identity, then forges your name on a […]

Fraud Staff Behaves Badly, Then Gets Fired By ID.me

An interesting report released by Yahoo News, revealed that ID.me fired 39 employees over the past week for inappropriate communications. That represents about 50% of their fraud team. Fraud Analyst Behaving Badly When questioned, ID.me said that some customer support staff were separated from the company “for inappropriate internal communications” that showed disrespect for colleagues […]

Synthetic ID Fraud Accounts for 85% of All ID Theft

Check out this interesting video which features Naftali Harris, co-founder of SentiLink, detailing out the felony crime of Synthetic Identity. One statistic here caught my eye. Did you know that synthetic identity now represents about 85% of all identity theft frauds here in the US? Sentilink has done a good job of drawing attention to […]

How Innys Are Used To Swap Sims at Major Carriers

What is an Inny? The first time I noticed it was about a year ago. At the time, an advertisement for fraud services on telegram caught my eye. “T-Mobile Inny available now DM for Sim Swaps”. I had never heard the term “Inny” but based on the telegram post it was obvious what they meant. […]

Victim Tracks Down Fraudster And Gets Him Arrested

Rosneil Gonzalez stole the wrong credit card from the wrong woman. A brave woman decided to fight back and refused to let him get away with his dirty deeds done dirt cheap. He was arrested yesterday after a victim of credit card fraud started receiving fraud alerts from her bank from a nearby WaWa Gas […]

Their Boss Stole Their Identities, Now They’re Pissed

It’s always frustrating when someone steals your identity, but what if your boss did? Wouldn’t that add insult to injury? Well, that’s exactly what happened in this case. Reddit user Tronlon, recently published a post My boss opened a credit card in my name and did the same thing to 2 coworkers. It detailed how […]

Congress Launches Investigation Into ID.me

In a sweeping letter to ID.me, Congressional lawmakers demanded records about its contracts with states as well as information about the accuracy of the technology and how they store sensitive customer data. The letter which was released by the Washington Post earlier today details the concerns that lawmakers have about ID.me and their rapid rise […]

This Fake Account Buy Now Pay Later Scheme is Devilish

Fraudsters are clever. They are always scheming of new ways to defraud banks, lenders and fintech’s of every dollar they can. But according to Karisse Hendrix, a self-professed “Chargeback Nerd”, who runs her own business called – Chargealytics Consulting, this new scheme might be one of the insanely creative fraudster schemes she’s seen since the early […]

This Used Car Salesman Is A Fraud Fighting Hero

Andrew Shinsky is a used car salesman. And he is also a fraud hero. He went above and beyond the call of duty to foil an identity theft attempt and made a lifelong friend in the process. Check out this heartwarming story of how Shinsky stopped 47 year old Darci Peters from using a stolen […]

Alarming- Gun Services Now Appearing On Fraud Channels

Telegram is always a great source for understanding what is happening on the black market in fraud. There are thousands of channels dedicated to helping fraudsters communicate with each other. And it’s all right there in the open for you to see. You get to understand the fraudsters mindset, what they are interested in and […]

Big Banks Enter Identity Race With Early Warning

Borrower consent services are riding a huge wave of growth and this week there was some big news. Early Warning Services, LLC and seven of the largest banks in the U.S. today introduce Authentify®, a new identity verification service for consumers and businesses. While on a participating business’ website or app, consumers can choose to […]

The system failed at almost every conceivable level

Across the U.S., criminals have stolen over $200 billion in pandemic-related state unemployment benefits by filing fake claims and using false identities. The government received applications for unemployment benefits from Mickey Mouse, Poopy Britches and John Doe. By all counts it was the greatest fraud in history and a catastrophic failure of fraud controls. Check […]