First Ever Fraud Fight Club Launches In New York City
Who is coming to New York City to join the Fraud Fight Club? ? If you’re not you might want to check it out here – Fraud Fight Club. The event brought to you by About Fraud will take place alongside Fintech Nexus USA, and it’s more than a conference, it’s a club. Best of […]
How Fed’s Took Down A Detroit Street Gang For Fraud
Criminal gangs in Detroit have been known for years for their violence, but one gang took it to a whole new level and turned to COVID-related fraud to pump millions of dollars into their hands. It wasn’t until one gang member got them busted by showing off a fancy ring in an ATM surveillance video […]
Beware of Michael Smith – Synthetic Id Is About To Soar
His name is Michael Smith. He lives in Houston, Texas, in a single-family home. He was born on August 17th, 1991. And he is 100% fake. According to a new study released by Socure, this profile is the most likely to be used in a synthetic identity. The study, authored by legendary synthetic expert Mike […]
Scammed By Astronaut That Needed Ticket Back To Earth
This will go down as a romance scam for the ages. It is literally out of this world. According to Yomiuri Shimbun, a daily newspaper out of Japan, a 65-year-old woman was defrauded of a total of 4.4 million yen by a man claiming to be a Russian Astronaut. The woman met the pretend Russian […]
Infamous Ghost – How Clear Gods Stole $28M in CellPhones
Have you heard of The Clear Gods? I never did until I caught this report by Infamous Ghost. An unsealed indictment from last month charged seven alleged group members with orchestrating a massive scheme involving more than 26,000 fraudulent transactions. They came up with the name “Clear Gods,” which refers to clearing or removing new […]
Undercover Fraud Analyst Exposes Employment Fraud
He’s a Fraud Analyst at Point Predictive, and he just exposed a sinister scheme that impacts lenders worldwide. What did he do? He went undercover, posing as a lender that needed a verification of employment, and helped Auto Finance News Investigative Journalist expose the problem of CPNs, fake paystubs, and fraudulent employment verification. To expose […]
Watch These Canadian Real Estate Agents Commit Fraud
Mortgage fraud in Canada is skyrocketing as interest rates rise. Borrowers simply can’t qualify so the sharks are out now providing forged paperwork to help them get into homes. To see how bad it is getting, CBC News Canada went undercover to investigate how networks of real estate agents, mortgage brokers, and bank employees perpetrate […]
Letter To Wells Fargo Cites “Troubling” Fraud With Zelle
An article that appeared in the New York Times reports that Senator Warren has sent a letter to Charles Scharf, the CEO of Wells Fargo, to address what she calls “troubling information” about Zelle fraud and scams at the bank. According to Warren, “Customers are reporting fraud and scams on the bank’s Zelle platform at […]
Report – There Are Now Over 1,600 Refund Fraud Companies
If you don’t have the nerve to lie to online merchants about a package you “never received” – don’t worry. Friendly fraud hitmen are standing by to serve you. For a small fee of course. Professional refunders are sprouting up everywhere offering to help you get your money back for orders you placed online, and received. […]
Insiders At Phone Stores Are Behind Sim Swapping
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. […]
Chase Letter Provides More Insights On Zelle Scams
A letter dated September 22nd from Michelle Mesack, Head of Government Relations for JP Morgan Chase, to the Senate Banking, Housing, and Urban Affairs Committee provides more interesting facts on Zelle fraud and scams. The letter is interesting because it provides more hard numbers around Zelle fraud and scams yet and gives insight into how a major […]
BidenCash Gives Away 1.2 Million Credit Cards For Free
Bleeping Computer reports that a “dark web carding market named ‘BidenCash’ has released a massive dump of 1,221,551 credit cards to promote their marketplace, allowing anyone to download them for free to conduct financial fraud.” BidenCash is the name of a dark web marketplace for trafficking stolen credit cards, and they are providing the massive […]
$5 Million Check Fraud Ring Ran Mail Theft Operation
This week officials in California announced the arrests of 56 people across Southern California allegedly involved in a long-running mail- and check-fraud scheme that officials say bilked more than 700 victims out of nearly $5 million. The suspects — who operated out of multiple counties across California, including Los Angeles County and San Bernardino County […]
New Report Sheds Light On Banks Zelle Fraud Statistics
Senator Warren’s latest report, Facilitating Fraud: How Consumers Defrauded on Zelle Are Left High and Dry, has some eye-opening new stats on Zelle fraud. The report, which accuses banks of not doing enough to reimburse customers, also claims that fraud on the payment platform is soaring. And now, Warren claims she has the numbers to […]
Massive Title Washing Fraud Ring Busted In PA
Towing shops, used car dealers and fraudsters working in cahoots to defraud consumers and victims of car theft. This week General Josh Shapiro announced criminal charges against 19 individuals and 13 separate businesses for a massive “title washing.” fraud ring that operated across Pennsylvania. The participants in these criminal rings included George Frietto of George’s Garage, Luis Salazar of […]
Senate Report – Fraud and Scams are Up on Zelle
A new report is shedding more light on some of the numbers and losses related to Zelle fraud and scams. Incidents of fraud and scams are occurring more often on the popular peer-to-peer payment service Zelle, according to a report coming out Monday from the office of Sen. Elizabeth Warren, giving the public its first […]
Fishing Fraud Fiasco- A Massive Cheating Scandal
It may be one of the most shocking cases of fish fraud in recent history. All hell broke loose earlier this week when two fishermen were caught stuffing weights and fish filets into their contest-winning catches at a fishing tournament held in Cleveland this week. “We got weights in Fish!, screamed Jason Fisher -the tournament […]
He Stole His Identity, Then Police Found Dead Roommate
Talk about getting a free ride and not paying your rent. According to the Butte County District Attorney’s office, David Pirtle, a 57-year-old Chico man, was charged with 51 counts of fraud last Wednesday for allegedly stealing the identity and money from his roommate. The twist in the case was that his roommate had died […]
Bank CEO’s Say Zelle Fraud Is Low – Is That Really True?
Fraud has always been a bit of a political livewire ?⚡?? . How many fraud fighters out there are afraid to use the “F” word in conversations with senior execs and instead opt to use milder terms that won’t rile people up ✋? We’ve all been there at one point or another. I can’t tell […]
I Talked To Masked Fraud Fighter – Infamous Ghost
My favorite Youtube channel is run by incognito fraud fighter Infamous Ghost Money. If you haven’t seen his reporting, you should. He wears a mask, prefers not to release his true identity, and gets down to the nitty-gritty of fraud cases. And if you love fighting fraud like me, you’ll find it an absolute go-to […]
Billions in Fraud Went To Dead People and Prisoners
The OIG, issued a shocking report that revealed that potentially billions in unemployment claims were paid out to dead people and prisoners since March of 2020. The damning report issued by the inspector general accuses the DOL of slow rolling data and impeding the progress of getting better fraud controls in place. Over 200,000 Dead […]