The FBI showed up with search warrants at the office of three different hedge funds today as part of a huge insider trading probe. Sources say it’s a prelude to the biggest insider trading bust of all time. [More]
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Reader Nearly Gets Jacked By Fake ATM
By 6.29.10
Reader Paul was trying to enjoy fried pop tarts at an outdoor city festival in his hometown when his debit card was nearly stolen by a fake ATM. Someone had modified an arcade cabinet and placed it outside a bank where it had captured the overflow traffic spilling out of the bank lobby. [More]
Prison Inmate Charged With Running Major Department Store Credit Card Scam
By 4.5.10
Seven Ohio men between the ages of 27 and 50 were arrested last week and charged with conspiracy to commit wire fraud, after an investigation found evidence that they were gaining access to strangers’ store-issued credit cards to buy and resale merchandise. The group’s leader, who was also charged, is a 33-year-old inmate at Fort Dix, NJ. Investigators think he initially met one of the Ohio men in prison. [More]
FBI Raids 3 Auto Parts Suppliers In Detroit As Part Of Anti-Trust Case
By 2.24.10
While the House Committee on Oversight & Government Reform was busy raking Toyota’s chief executives over the coals in Washington, D.C., on Wednesday, Federal agents in Detroit were going all Untouchables-like at the offices of three auto parts suppliers, including one company owned in part by Toyota. [More]
FBI Wants To Follow You Around The Internet
By 2.9.10
FBI chief Robert Mueller wants ISPs to track everything their customers do on the Internet, and keep those records for two years. The government plan would give the FBI access to “origin and destination information” for all users. Hey, at least they’re not doing it in secret and lying about it. [More]
FBI Charges 100 People In Phishing Investigation
By 10.7.09
Since 2007, the FBI and authorities in Egypt have been running an investigation they’ve called “Operation Phish Phry,” sigh, and this week it paid off with 53 charges against U.S. defendants and 47 against people in Egypt. Three of the 53 in the U.S. have been arrested, and the FBI are looking for the other 50. To prove you’re not one of the remaining 50, please send the FBI your login credentials to your bank. Ha ha, we kid.
Yes, This Is Clearly The Best Shirt To Wear When Robbing A Bank
By 8.12.09
The FBI is currently searching for this man, a bank robber with a keen eye for t-shirts. He robbed the Commerce Bank at 8050 Big Bend in Webster Groves, Missouri by handing the teller a note which read, “I have a gun. I will kill you. Give me your $100’s and $50’s.”
FBI Warns Of Bailout Fraud
By 6.3.09
It’s not just monolithic corporations, financial institutions, state governments and the like that are benefiting from bailout funds. Scam artists stand to make a killing also, the FBI says:
FBI Uses Wire Taps To Catch Mortgage Scammers
By 5.21.09
Most definitely copying what they’ve learned from the badass HBO show “The Wire,” law enforcement agencies are using wire taps to catch bad guys in the cleverest of ways.
8 Million Patient Records Stolen From Virginia State Database, Held For Ransom
By 5.5.09
The Washington Post says that a hacker encrypted 8 million patient prescription records from a Virginia state website last week, deleted the backups, and replaced the home page with a ransom note. If the state doesn’t pay $10 million within 7 days, the hacker has threatened to sell the data to the highest bidder.
Citibank Sends Nigerian Scammer $27 Million
By 2.22.09
37-year-old Nigerian scammer Paul Gabriel Amos convinced Citibank officials to wire him $27 million belonging to Ethiopia. Rather than go with the usual Nigerian nom de plumes like prince or will executor, Famous Amos pretended to be an official with the National Bank of Ethiopia. Amos forged “official-looking” documents that confirmed his status with the central bank and instructed Citibank to await faxes telling them where to send the country’s cash.
FBI Raids Salmonella Peanut Butter Plant
By 2.10.09
FBI agents raided the Georgia plant suspected in the current salmonella peanut butter outbreak that has been linked to 600 illnesses and eight deaths in 43 states. The company is accused of knowingly shipping the tainted products.
FBI Reopens Infamous "Tylenol Murders" Case
By 2.5.09
If you’ve ever wondered why medicines have tamper-proof seals — there’s one reason: an group of still unsolved murders over a quarter of a century old. In September of 1982, cyanide-laced Tylenol killed seven people in the Chicagoland area. Despite a nationwide recall and investigation, no one was ever charged with the crime. Now the FBI has reopened the case.
Like To Wear A Suit And Sunglasses? FBI Hiring 2950 New People
By 1.6.09
In its largest ever hiring spree since 9/11, the FBI is hiring 850 new special agents and 2,100 professional support personnel. Maybe they’ll catch all those shady mortgage crooksters before they Jenga the system! Oh wait, too late. Next time there’s a sub-prime meltdown, though, we’ll be ready! [FBIjobs.gov] [CNN]
FBI Investigating Failed, Bailed, Financial Firms
By 9.24.08
The FBI has launched a fraud probe into Fannie Mae, Freddie Mac, Lehman Brothers and AIG. Sounds kinda like a move to placate the masses. “We’re on it.” No doubt in response to the seething outrage sweeping the nation over the size and audacity of the bailouts, however needed they might be. Sounds like an easy job. Sorta like dipping your hand in a barrel of ink and trying to pull up black stuff.
By 7.3.08
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Google now helps catch criminals. The FBI identified a Citibank PIN thief by cross-referencing security camera footage with an ICQ handle and personal photos on ham radio enthusiasts sites. [Information Week]
Here's What The World Of ATM Hacking Looks Like
By 6.26.08
Wired has been covering the ongoing investigation into recurring ATM pin thefts from Citibank accounts, and their latest article tracks how Ukrainian immigrants, a ringleader back in Russia, a hacked company named Fiserv that runs Citibank-branded ATMs in 7-Elevens, and an online payment service that also offers money laundering for a small fee all come together to steal your money. It’s an amazing look at how the U.S. tries to combat the threat of ATM-related theft.
FBI Said To Be Investigating Countrywide
By 3.11.08
The FBI has opened an investigation into Countrywide for suspected securities fraud, reports the New York Times. The Justice Department and FBI “are looking at whether officials at Countrywide, the nation’s largest mortgage lender, misrepresented its financial condition and the soundness of its loans in security filings.” So far everything is unofficial because nobody has been authorized to discuss the case, and a Countrywide spokeswoman says, “”We are not aware of any such investigation.”
