T Mobile Employee Arrested For Sim Swap Fraud

T-Mobile. If you are listening, You might have an insider fraud problem. Fraudsters are advertising all over the dark web and Telegram, and just this last week, an employee in New Orleans was arrested for a massive case of Sim Swap Fraud. She Sim Swapped 32 Different Phones Tamber Blackmore was arrested last week for […]

Dark Tower Exposes Pig Butchering Recruiting Sites

Trionix Multitech, “a crypto currency company” is looking for female models to join them in exotic locations. They pay $5,000 a month, and that doesn’t even include room and board. If a girl accepts a job from one of these sites however, she will join the estimated 100,000 other girls the Los Angeles Times estimates […]

Checking In With My Fraud Compadres on Fraudology

We all have our fraud compadres. You know those people that you could talk for hours with on any topic related to fraud. Well, Karisse Hendrick and Mary Ann Miller are my fraud compadres and each year we come up with our predictions for the following year. For 2023, we made 10 predictions which you […]

Report – Introverted Fraud Depts Are Not Very Happy

Introverts can be very happy and content people. But Fraud Departments that are introverted, well, that is another story. An impressive new report – The Fraud Benchmarking Report 2023, surveyed hundreds of merchant risk executives and found that three key elements of happy fraud departments were noticeably more absent in unhappy ones. The results may […]

Report – eCBSV In Dire Shape, Program Could Collapse

According to the Federal News Network, the SSA’s new eCBSV program is in dire shape. The program, which helps financial institutions crack down on the use of stolen social security numbers on applications for credit could enter a “death spiral” according to experts due to a steep increase in the fees they charge. Some companies […]

Covid Fraud 2.0 -Check Out The New Fraud Money Grab

We’re still bleary-eyed from the hangover of massive pandemic fraud, and here comes COVID Fraud 2.0. The Employee Retention Credit (ERC) – sometimes called the Employee Retention Tax Credit, is a tax credit for businesses that were impacted by COVID shutdowns. But the program is also becoming a big money grab by fraudsters and scammers. […]

Another Startup With Massive Fake Accounts Bites The Dust

Remember 2021 when every startup was seemingly worth a billion dollars? My oh my, how times have changed, and some of those companies were engaged in fraud – first, there was NS8, then Frank the financial aid startup, and now the high-flying messaging app –IRL. The company has been closed. 95% of their users were […]

The Future Is Here – Meet The New Fraud Analyst 2024

The future is here. I see it clearly. And it’s impressively human. AI is great. But it is the fraud analyst – the human in the loop – who will make our future safe. When Apple launched Vision Pro, I saw the future of being a fraud analyst. And it looks very much like a […]

Fraud Royalty – She Was The Queen of Magic Numbers

By now you you’ve likely heard the story of Charlie Javice. She is accused of creating 4 million fake student accounts to inflate the user count of her company Frank, which she then used to sell the company for $175 million on Chase. In reality, she only had about 350,000 customers. Well, interviews with former […]

This Cop Doesn’t Mess Around With Dealer Fraud

Fraudsters are targeting Atlanta area car dealerships using fraudulent identifications, and it’s getting a little out of control. In the last two weeks, two different Youtube videos have emerged from the Chamblee Police department showing fraud in progress at dealerships. Perhaps the most impressive thing about these videos is the police sergeant that shows up […]

FedEx – Is This The Largest Odometer Fraud In History?

This may be the largest odometer fraud case in history. Each year 40 million used cars are sold, and over 450,000 have odometers that were illegally altered. And the impact to consumers is huge – approximately $1 billion a year according to industry estimates. And this year may be its biggest year ever, thanks to […]

Lexis CEO – We Could See $1 Trillion in Ai-Assisted Fraud

Is Ai good or evil? According to experts it might be very, very bad. We are living in perilous times. That is according to LexisNexis CEO Haywood Talcove. He says that if we do not respond in weeks, the US Government could see over $1 Trillion in Ai-Assisted fraud schemes. He points to the dramatic […]

Fast Money, Fast Cars – Auto Fraud Tops $8 Billion

According to a new Point Predictive Report, fast money equals fast fraud, and fast luxury cars are the new favorite target of fraudsters. And the company reports that fraud is up. Over $8.1 billion in exposure to lenders this year. That’s an increase of more than $400 million over the prior year. Request the report […]

Vice Report – Pig Butchering Victims Tell Their Stories

Thousands of workers, who are being exploited and abused, are sustaining the ‘pig butchering’ industry in Southeast Asia. This industry is involved in an online fraud scheme draining bank accounts globally. Vice has just released a trailer for an upcoming report called Catfished By Captives, which covers the online scam industry built on slavery. In […]

Sentilink – 41% of SSA Name Mismatches Are Synthetics

Patrick Eckerle, Head of Analytics for SentiLink, posted an insightful blog that digs deep into the SSA’s social security number verification program performance. The blog dives into statistics on the over 134 million verifications the company has done for its customers since 2018. You can read the full blog here. Surprisingly, The MisMatch Rate Is […]

He Faked Over $1.8 Million In Southwest Travel Vouchers

A Southwest Airlines employee is in hot water for allegedly faking over $1.8 million in travel vouchers and selling them for a profit. According to a federal indictment that was released last week, Dajuan Martin, 36, worked as a customer service representative with Southwest Airlines in Chicago from November 2018 to June 2022 and used […]

Fraud Arrest. “Someone Told Me I Could Use A CPN”

A video captures the dramatic arrest of a suspect using a fake identification to buy a car at an Atlanta area car dealership while using a Credit Privacy Number (CPN). The guy was using the identification of a person named “Peter Swift” who is a writer for a New York paper, but the man being […]

Massacre of Call Center Reps Linked To Fraud and Cartel

Tragically, the grisly discovery of the remains of 45 young people in a ravine in Mexico appears to be linked to a call center being investigated for fraud. Family members began reporting that seven employees working for a call center in Zapopan, Mexico disappeared between May 20th and May 22nd and never returned home. When […]

Online Paystub Co Tells You How to Spot Fake Stubs

A paystub generation company is offering a handy little video on how to spot fake paystubs. It seems odd that a company that helps customer generate paystubs online have a tutorial like this when they are in the business of providing people with a tool to create paystubs. By the way, I tried their online […]

Illegal Primary Tradeline Fraud Spreads Like A Virus

Credit repair is a massive $4.4 billion annual revenue industry. And some of the shadier players seemed to have tapped into a very lucrative new market. Selling fraudulent primary tradelines which are virtually undetectable from the real thing. The Jig Is Up on Authorized Tradelines, So Now The Scheme Is Shifting Authorized user tradelines are […]

Booming Check Fraud Channels Grow 500%

Thousands of new Telegram channels are sprouting up online dedicated to the trafficking of stolen and counterfeit checks. A new report released this week by BlueVoyant indicates that they monitored four times as many check fraud IM groups in January 2023 as in January 2022, with noticeable increases toward the end of 2022 that continued […]