Florida Man Gets PPP Loan and Buys A Lambo Next Day
David T Hines was riding high after receiving $3.9 million in COVID relief funds from the PayCheck Protection Loan Program. He was rich and was going to show off just how rich he was. So he spent $319,000 of that money on a new Lamborghini Huracán sports car with funds that were intended to go […]
5 Reasons Why You Should Never Sell Your Tradelines
Tradeline selling is gaining popularity as a side hustle. In fact, Side Hustle Nation says it can make you $1,000 a month for doing practically no real work. But is it worth it? Is this really a dream side hustle where you can make lots of money for nothing? The answer is no. Selling authorized […]
CPN’s, Synthetic ID’s,Gift Cards, Cars, and Motorcycles
As I have said time and time again, using a CPN is a crime and you can go to jail if you use one. Well, a Bonny and Clyde couple got greedy and used their CPN’s to steal cars, apply for credit cards, buy gift cards, and buy luxury motorcycles. They even tried to buy […]
Brett Johnson Turned Card Fraud Into An Empire
Brett Johnson is a good guy. He has turned his life around. And now he has dedicated his life to fighting fraud. But..if you had a credit card in the between 2002 and 2004 and your card information was stolen and used, there is a good chance that Brett Johnson and his ShadowCrew might have […]
Fraudulent Press Release Sends Stock Soaring
A fraudulent press release yesterday morning, sent a nearly bankrupt company’s stock soaring and left the CEO of that company scratching his head. What exactly happened here? Denbury Resources Inc. which trades under the stock symbol DNR, said Monday that the press release issued yesterday about a buyout proposal it received was “fraudulent,” and not issued by […]
SentiLink Studies SSN Name Matching Validation Rates
The SSA rolled out there new Synthetic Identity Killer – eCBSV – which provides a lender verification if an individual’s SSN, name, and date of birth combination match Social Security records. Social Security needs the number holder’s written consent with a wet or electronic signature in order to disclose the SSN verification. The service, which […]
MA State Identifies Staggering Unemployment Fraud
The state of Massachusetts has been under siege by unemployment fraudsters and the numbers they are releasing are absolutely staggering. The state has recovered more than $158 million from fraudulent unemployment claims after identifying tens of thousands of incidents of fraud since the start of the COVID-19 crisis. The state has received more than 1.6 […]
How The FBI Nailed Nigerian Influencer For BEC Fraud
Inside details into the FBI’s investigation of Abbas Ramon Olorunwa also known as HushPuppi were released in a 28-page affidavit signed by Special Agent Andrew Innocenti late last week. The investigation reveals how the outsized Nigerian Instagram influencer conspired with other scammers all over the world to execute huge BEC attacks and redirecting hefty payments […]
Fraudster Sentenced To 21 Years for CPN Scheme
A San Fernando Valley man was sentenced today to 259 months in federal prison for overseeing a long-running $3.3 million credit card, loan and real estate fraud scheme using stolen identities, primarily that of children. The scheme involved using Credit Privacy Numbers (CPN’s) that were used to create synthetic identities with falsified information. Turhan Lemont […]
Mortgage Fraudster Switches To Auto Fraud After Prison
Who says fraudsters can’t change their ways? They can, and that is exactly what George Hajati, 41, of Cromwell did after he was released from prison in 2016. According to court documents and statements made in court, Hajati was convicted of federal conspiracy and fraud offenses related to a Hartford-area mortgage fraud scheme that defrauded […]
Is Fraud A Grind? Listen To These Guys Discuss The Issue
Is fraud a grind? According to these guys it’s a tough job that keeps them going from 7 in the morning to 7 at night. And at the end of the day, you might not make anything at all. Stealing ain’t easy.
Wave Of Unemployment Fraud Sweeps Over US States
Unemployment fraud is trending as the most systemic fraud of the moment. It continues growing each day, even while unemployment rates begin to dip as states end their lockdown. Each day, more and more states are finally discovering and alerting that they have fallen victim to international and domestic scammers. One by one, states are […]
National Guard Called To Fight Unemployment Fraud
Washington State is buried in Unemployment Fraud, and their backlog of suspicious cases is growing by the day. So who do they call? The National Guard of course. The state Employment Security Department said it’s bringing in the National Guard to help clear the huge backlog unemployment claims. Specifically, the guardsmen will become Stand-In Fraud […]
Fraudsters Swipe Donald Trumps Black Card
Donald Trump’s invite only American Express Black Card was swiped and posted on the internet by fraudsters last weekend. According to the Credit Shifu, his credit card information was allegedly leaked online by the hacker group Anonymous. They question that claim however after investigating further. I caught wind of the crazy story from Karisse Hendrick , a popular […]
Walmart Executive Charged in Disgraceful PPP Loan Fraud
A project manager employed by a Walmart was charged in a complaint unsealed Wednesday for allegedly filing fraudulent bank loan applications seeking more than $8 million in forgivable Paycheck Protection Loans. Benjamin Hayford, 32, of Centerton, Arkansas was was charged in a federal criminal complaint filed in the Northern District of Oklahoma with wire fraud, […]