Pastor Takes Out $3.5M in PPP Loans, Buys 39 Cars
Federal prosecutors have gone into action to seize the cars and bank accounts of a DC pastor that applied for $3.5 Million in PPP loans and then used the proceeds for a slew or personal purchases. A press release from the Department of Justice announced that Rudolph Brooks, Jr, the pastor for Kingdom Tabernacle Of […]
In China A Govt Anti Fraud App Has People Suspicious
Fraud in China has gotten so bad, that the government launched an app in March called the China Anti-Fraud Centre to combat it. The app is provided as a download on the Apple Store in China and helps to prevent fraud in realtime on peoples phones. Skyrocketing Telco Fraud in China Fraud has shot up […]
Scam Buster Uses Real Bank Accounts To Lure Scammers
A youtuber that runs the channel Scammers Payback, had failed often to lure scammers using fake bank accounts as scammers now work behind the scenes to validate that bank accounts are real before engaging with victims. There are currently so many scam baiting youtubers that scammers are now very good at understanding when they are […]
State Recovers $800 Million in Fraud Payments
You can recover funds if you try and its an important part of any fraud prevention program. Pennsylvania announced today that they successfully recovered over $800 million in fraudulent unemployment payments. Most of the payments were made from the Pandemic Unemployment Assistance (PUA) program and appear to be related to stolen identities. While unemployment payments […]
Biometrics Will Authenticate $3 Trillion In Payments Soon
Your phone and your face will become the next key weapon in the fight against mobile fraud. In the next 4 years, Juniper Research predicts that over $3 Trillion in payments will be authenticated with biometrics. This includes facial recognition, iris detection, voice and fingerprint matching. The extraordinary growth in biometrics is largely being fueled […]
Passenger Verification Might Help Stop Refund Fraud
Professional Refund fraud has emerged as the single fastest growing type of e-commerce fraud since the start of the Pandemic. Hundreds of professional refunding companies have sprouted up on social media and message boards like Telegram, to help consumers get free food and merchandise by claiming that they never received the deliveries. But Uber Eats […]
Colorado Hits 1.2 Million Unemployment Frauds
The state of Colorado is the latest in a long line of states to get hit with a wave of unemployment fraud claims. And boy are they getting clobbered. The fraud rate for the unemployment program in Colorado is now at 55%. Fraudsters are “flooding the zone” inundating the agency, victims and employers with so […]
Kentucky Hit By Bot Attack, Shuts Down Website
The state of Kentucky is so desperate to stop rampant fraud that Kentucky Govenor Andy Beshear is shutting down the states unemployment benefits site for four days starting tonight. The move comes after cybercriminal fraudsters using bots were able to get into about 300,000 unemployment accounts to reset the victims 4 digit PIN numbers. After […]
Michigan Receives 100,000 Fraudulent Claims in 1 Week
The Fraud Wave in Michigan is on fire recording one of the highest spikes in unemployment fraud claims in history. Since last Friday, 100,000 likely fraudulent unemployment claims have been filed in Michigan the states Unemployment Insurance Agency said Wednesday. All the claims filed for the federal program called Pandemic Unemployment Assistance (PUA), were stopped […]
The Leaky Faucet That Lead to A Big Case Of Fraud
When Carol Jeffcott stepped outside to water her lawn at her sunny home in San Tan Valley Arizona she noticed that the water spigot was leaking. Just a few drips at a time, but she figured she needed to get it fixed. So being a responsible homeowner she went out and found a local plumbing […]
Gone in 60 Seconds – Fraud and Theft on Luxury Cars
Everyone wants a luxury car, but few can afford them. And that is exactly what makes them targets of fraudsters and thieves. Now, getting your hands on a luxury car and making potentially hundreds and thousands of dollars has become increasingly easy thanks to loans and finance programs. And since technology such as Lo Jack […]
It’s Here. The Feds Definition of Synthetic ID Fraud
A focused group of fraud experts has helped the Federal Reserve create a standard definition of the fraud type Synthetic Identity. The idea of creating a standard definition of synthetic identity came from the fact that everyone seems to agree what synthetic identity really is. So, from July 2019 to July 2020, the Fed spoke […]
Real Housewife Scammed Elderly People For Cash
Real Housewives of Salt Lake City star Jennifer Shah has been indicated for fraud of the worst kind – scamming elderly people out of their money. The Department of Justice announced today, that Jennifer Shah and Stuart Smith have been indicted for generating lists of victims for targeting and directing co-conspirators to defraud them. The […]
Justice Department Goes Into Overdrive on COVID Fraud
The Department of Justice has just reported that they are taking historically high level of enforcement actions against COVID fraudsters today. The Department of Justice announced an update today on criminal and civil enforcement efforts to combat COVID-19 related fraud, including schemes targeting the Paycheck Protection Program (PPP), Economic Injury Disaster Loan (EIDL) program and […]
SBA Receives 1 Million Referrals For Loan Fraud
The GAO has released another shocking report on the extent of SBA loan fraud and fraud may be even worse than many thought. The OIG received more than 1 million referrals for suspected fraud including identity theft and other schemes against the Paycheck Protection Loan Program. 1 in every 12 SBA and EIDL loans was so […]
Yikes! Identity Theft Soars 300% In 2020 to $56 Billion
Javelin has published their findings for Identity Theft in 2020 and the findings are astounding. Identity theft climbed to over $56 Billion in 2020, driven mostly by the Pandemic and increased identity theft scams against consumers. Traditionally identity theft has averaged $15 billion to $16 billion a year, but this last year, things went bonkers. […]
First Film Ever Of Check Fraudsters Arrest From 1901
It seems fraud goes back to the beginning of time. And check fraud may be one of the oldest types of modern fraud that we still deal with, even today. Well, the world’s first film of a fraudster being arrested from 1901 was released in color recently. The film which is a reconstruction and which […]
A Message To Fraud Fighters Wherever You Are
I originally recorded this video for a group of fraud fighters that worked internationally, but I wanted to share this message to you all and my insights into fraud and the important work you all do.
YouTuber Glitter Bombs A Scammer. We All Cheer!
Mark Rober has made a name for himself, famously glitter bombing porch pirates in the past. This time though, he turns the tables on a phone scammer, climbs the slimy chain of command and glitter bombs an actual scammer. Buckle up and watch this great video
FBI Fraud Report Is Here And Fraud is Surging In US
The FBI Released their annual report on fraud, and as we all expected the numbers showed a surge in reported fraud and scams for 2020. The FBI received a record number of complaints from the American public in 2020: 791,790, with reported losses exceeding $4.1 billion. That’s a 69% increase over 2019, and a doubling […]
ID.me Stops $1 Billion Weekly in Unemployment Fraud
This ID company called ID.me has advised the public that they are blocking about $1 Billion in fraudulent unemployment claims each week with their technology. According to news sources in Florida, the problem of unemployment fraud is escalating and the state, like many others have turned to ID.me to help curtail the problem. The scope […]