Car Salesman Pulls Elaborate Fraud Scam On 30 People
Ricardo Perez, a former car salesman at Dick Scott Jeep, Ram, Dodge, Chrysler in Michigan got fired for fraud by the dealership in 2021. He had worked there for 7 years before he was terminated. But rather than looking for a new job as a car salesman somewhere else he stuck to his life of […]
Massive Instagram “Cash For Checks” Fraud Ring Busted
This week, Pennsylvania Police uncovered a massive fraud ring that was stealing checks, gift cards, and cash out of mailboxes. The report, which appeared in Pennlive, details a case involving over 39 police jurisdictions (some out of state), and possibly up to 90 suspects. The fraud ring is just one of many rings across the […]
Fake PayStubs Are Tripping Up Income Verifications
Everyone wants to pretend they are rich when they are applying for a loan from a bank or lender. And that leads to lots of lies about income on applications for credit. 1 in 5 applications for a loan contains material falsified claims of income. Liar Loans are making a big comeback in our frothy […]
The 11 Types of Fraud Analyst You Meet
In my travels, I have met with thousands of fraud analysts across the world. I can honestly say, they are some of the most interesting people that I have ever met. Do you work in a fraud department? What do you think of some of the personality types and characters you meet at work? Well, […]
Fraud is the “New Dope” For Street Gangs Across The US
Forbes reports that street gangs are turning from drug sales to a far more lucrative crime to make money – fraud. Instead of selling drugs on street corners, gang members are costing Americans millions by using personal data stolen by Russian cybercriminals to maintain fancy lifestyles. Street gangs were “fraud-activated” during the pandemic by trillions […]
FBI – BEC Attacks Taking Place In Virtual Meetings
Today, the FBI reported that between 2019 through 2021, the FBI IC3 has received an increase of BEC complaints involving the use of virtual meeting platforms like Zoom and GotoMeeting to instruct victims to send unauthorized transfers of funds to fraudulent accounts. How The Attacks Work Criminals began using virtual meeting platforms to conduct more […]
Check Fraud Is Booming Again In A Post-Pandemic US
It’s baaack! Well, it never went away. And it probably never will. The end of the pandemic and all those stimulus programs are creating new wrinkles in check fraud as fraudsters return to targeting bank accounts. As is the case with most fraud schemes, new check fraud is just like old check fraud – but […]
The Fall Of The Worlds Flashiest Scammer
If you haven’t heard about Hushpuppi, now is your chance to watch the story of one of the most notorious Nigerian fraudsters of all time. Thanks to Ronnie BEC Tokazowski for posting this story which appears on Youtube
Big Tech May Soon Be Forced To Help Scam Victims
Scams are a hot topic in the UK. And for good reason. People are losing over £4 million pounds a day. That’s an increase of over 71% over last year. And now lawmakers want to hold big tech responsible for at least some of those losses. Reuters reports that big tech companies whose online platforms […]
Interview Fraud. The Dude Was A Straight Up Imposter!
A pretty wild story was posted on Reddit recently under the title “The new hire who showed up is not the same person we interviewed”. The post was submitted by the wife an IT worker in a midsized company. In the post, she goes on to detail a pretty obvious case of Interview Fraud where […]
Trafficked To Scam As CyberSlaves in Cambodia
Young women from Africa and Asia are being lured to Cambodia from social media advertisements with the promises of well-paying jobs. Instead, when they arrive they find themselves held against their will and forced to carry out online scams to generate money for their captors. They have become pawns in what is being called “CyberSlavery” […]
The Disability Fraud Rate in Cali Is An Astounding 98%
Two weeks ago California announced that they had frozen 345,000 disability fraud claims submitted by 21,000 doctors after a rash of suspected fraud. According to KCRA, “state officials say organized criminals are stealing doctors’ credentials to file fake disability claims. The state is using a computer program to verify the identity of these doctors to find […]
The Many Jobs and Wigs of Eric Jaklitchs Fraud Scheme
He said he was a zookeeper, an aqua fitness instructor, a chauffeur, a bank teller, a director of a zoo, a funeral car driver, a real estate appraiser, and an ATM technician. But in reality, he was none of these. He was just a guy living in New York running a massive identity and synthetic […]
Notorious Nigerian BEC Fraud Gang Busted
One of the largest Nigerian cybercrime gangs known as SilverTerrier was busted by Interpol and 11 key individuals were arrested. The arrests took place last year, between December 13 and December 22, as part of Operation Falcon II. The gang is accused of targeting over 50,000 individuals and businesses using Business Email Compromise (BEC) scams. […]
The Biggest Fraud in The History of Pokemon Cards
Youtuber Logan Paul is no stranger to the headlines but his latest story is the most bizarre yet. In a video titled, I Lost $3,500,000 on Fake Pokemon cards, Logan flies to Chicago to verify the validity of an unopened case of 1st edition Pokemon cards. Paul purchased a case of what he believed to […]
In California, 345,000 Victims Had ID Stolen – Including Me
Here we go again. In California, the fraudsters are wreaking havoc by shifting from unemployment fraud to disability fraud. State officials on Monday said they had suspended 345,000 disability claims while they worked to verify the identity of about 27,000 doctors whose credentials were used to file disability claims for purported patients. I wrote about […]
Surprise. Synthetic ID Fraud Has Been Around Since 1938!
Synthetic Identity has been called the fastest-growing financial crime in America. It’s often considered a new and emerging fraud. But would it surprise you to find out that it has been around since 1938? Is America’s fastest-growing financial crime really over 80 years old? The answer is yes. But it wasn’t always called synthetic identity. […]
The Tools Fraud Fighters Use Can Also Be Used By Crooks
I came across an interesting article in Vice – Crook Sells Access to Data Tool Used by Private Investigators. In the report, Joe Cox found that a fraud-focused community on Telegram is advertising access to TLO, a data tool typically used by private investigators to obtain sensitive information on targets, including their Social Security Number […]
The Cat’s Outta The Bag – 10 Fraud Predictions for 2022
The cat is out of the bag ?? ?. And you can’t put the cat back in the bag. Once the cat is out of the bag, it’s out for good. And if 2021 taught us anything, it’s that chronic fraud – like the cat – is here to stay forever. The myth that fraud […]
This Expert Says COVID Fraud Is Grossly Underestimated
Last week, the Secret Service raised the alarm that up to $100 billion in Covid relief funds were stolen by criminals. The White House downplayed that statement by the U.S. Secret Service citing it was old news while possibly inferring that COVID fraud was not a serious issue. But one fraud expert disagrees and claims […]
Secret Service – Covid Fraud Is Enormous – $100 Billion
The Secret Service has appointed an industry vet, Roy Dotson, to handle COVID-related fraud. They have seized $1.2 Billion in funds and returned another $2.3 Billion in funds via ACH. According to the report, this is the Super Bowl of Fraud and believe up to $100 billion in Covid relief funds were stolen by criminals.