The federal government has reimbursed nearly 40,000 victims of fraud schemes processed by MoneyGram. According to a Friday (Feb. 10) Federal Trade Commission (FTC) news release, the more than $115 million reimbursement stems from a 2018 action by the FTC and the Department of Justice...
Italian and Albanian authorities have broken up an organized crime group’s crypto scam. The group had stolen an estimated 15 million euros (about $16 million), the European Union Agency for Criminal Justice Cooperation (Eurojust) said in a Monday (Dec. 19) press release. The group operated from a call...
Fraudsters allegedly promised counterfeit cash or digital wallets for cryptocurrency and then stole the funds. Bloomberg reported Friday (Dec. 9) that the scammers set up fake identities, arranged meetings with victims, received crypto assets from the victims and then got access to the funds through the victims’...
Walmart’s technology has helped it identify and freeze millions in gift cards that were bought by elderly victims that had fallen prey to con artists, CNBC wrote Monday (April 4). The U.S. Department of Justice recently seized the funds after being notified by the retail...
August 15, 2017
Hold the phone. Hold on. Recognize that phone number? It’s yours. But it’s not you. And someone’s using that number to do some bad stuff. Welcome to the world of call center fraud, where numbers gain data and data gains dollars and other ill-gotten gains for … well, ill-getters. In the latest installment of Data […]
November 13, 2023
Google has filed a lawsuit aimed at preventing scams related to its AI offerings. The tech giant announced the suit Monday (Nov. 13) on its blog, saying the hope is that these actions build a legal precedent for preventing artificial intelligence (AI)-related fraud. The suit deals with scammers who target people who want to use Google’s Bard chatbot, […]
February 12, 2023
The federal government has reimbursed nearly 40,000 victims of fraud schemes processed by MoneyGram. According to a Friday (Feb. 10) Federal Trade Commission (FTC) news release, the more than $115...
December 23, 2022
Italian and Albanian authorities have broken up an organized crime group’s crypto scam. The group had stolen an estimated 15 million euros (about $16 million), the European Union Agency for Criminal...
December 09, 2022
Fraudsters allegedly promised counterfeit cash or digital wallets for cryptocurrency and then stole the funds. Bloomberg reported Friday (Dec. 9) that the scammers set up fake identities, arranged meetings with victims, received...
