(Juan Cabanillas)

State, Federal Agencies Crack Down On Companies That Allegedly Facilitate Mail Fraud Of Elderly

Each year, millions of elderly consumers are lured into mail fraud schemes by all-too-attractive claims that they have won unimaginable prizes, like millions of dollars or trips around the world. Today, the U.S. Department of Justice took unprecedented steps to ensure these scammers no longer victimize older Americans by announcing action against companies that they allege are some of the little-known perpetrators of the alleged schemes: the payment processor, mailer printers, and lead generators.

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Sister72

Man Accused Of Using Phone Dating Services To Scam Women… Again

A New Jersey man who was previously convicted of using telephone dating services to scam women out of hundreds of thousands of dollars has been accused of doing pretty much the same thing while he was on probation for the first scheme. [More]

Thomas Hawk

Volkswagen Engineer Pleads Guilty To Conspiracy Related To Dieselgate

Volkswagen’s year-long “dirty diesel” saga nabbed its first Volks-villain on Friday, when a veteran engineer for the carmaker pleaded guilty in the first criminal charge related to the VW’s use of so-called “defeat devices” in millions of vehicles in order to skirt federal emissions regulations.  [More]

Mike Cook Foto

Interpol Nabs Accused Kingpin Of $60M Global Email Scam In Nigeria

Fighting spam scammers might sometimes seem like a pointless game of Whac-A-Mole, but international law enforcement authorities say they have bopped one particularly large mole on the head by arresting the  alleged ringleader of a global email scam ring that swindled $60 million from its victims. [More]

Dept. Of Justice Claims ‘Wolf Of Wall Street’ Was Financed With Stolen Money

Dept. Of Justice Claims ‘Wolf Of Wall Street’ Was Financed With Stolen Money

It sounds like the plot of a Hollywood movie starring, perhaps, Leonardo DiCaprio, and yet it’s real life: the U.S. Department of Justice filed a civil lawsuit this week claiming that fraudsters stole $3.5 billion from the Malaysian people, and moved some of that money through U.S. banks to buy luxury hotels, yachts, a jet, and to produce the movie The Wolf Of Wall Street. [More]

(Chauncer)

Three States Accuse Volkswagen Of Committing Fraud

When Volkswagen admitted to rigging millions of supposedly “clean diesel” vehicles to cheat on emissions tests, the carmaker claimed that only a few engineers knew these “defeat devices” were in place. However, new lawsuits filed by three states allege that VW execs knew of the chicanery, and that the car company was committing fraud for nearly a decade. [More]

Nicholas Eckhart

Former Macy’s Employee Pleads Guilty To $3.5M Mail Fraud, Kickback Scheme

A Florida man could spend up to 30 years in prison after pleading guilty to taking part in a million-dollar, years-long shipping and kickback scheme involving his former employer Macy’s.  [More]

frankieleon)

Card Reissued Because Of A Breach? Good Luck Finding Out Where The Hack Happened

When a massive data breach happens at a retailer like Target or Home Depot, there’s little mystery as to why your bank is rushing you a new credit or debit card. But when your card is being replaced because of a lower-profile cybercrime, the odds are against you ever finding out why.  [More]

Can A Cashier Make Me Read My 3-Digit Credit Card Code In Front Of Other Shoppers?

frankieleon

Your credit card has a 16-digit number on the front, plus an expiration date, and another three-digit code on the back. We all know in a vague way that the code on the back (also known as the “CVC” or “CVV”) has something to do with making transactions safer or reducing fraud, but other than that we don’t give it much thought — and while we might expect to have to share that number when shopping online, we certainly don’t expect to be asked to read it out loud when making an in-person purchase at a crowded coffee shop. [More]

eyetwist

Pennsylvania Man Charged With Racketeering For $688M Payday Loan Operation

A Pennsylvania man, known for helping to usher in the payday loan movement, has been charged with racketeering for his alleged part in a scheme that bilked more than $688 million from consumers and defrauded 1,400 others from a million-dollar settlement.  [More]

Massachusetts Sues ITT Technical Institute For Allegedly Harassing, Misleading Students

Massachusetts Sues ITT Technical Institute For Allegedly Harassing, Misleading Students

Trouble continues to mount for ITT Educational Services. The for-profit college operator behind the ITT Technical Institute chain is already under investigation over concerns it may have defrauded the federal government, and now faces a lawsuit from the Massachusetts Attorney General for allegedly engaging in a slew of abusive and misleading practices.  [More]

frankieleon

Hot Lotto Says Employee Fraud Didn’t Necessarily Affect Next Winner’s Prize

Last year, the man who used to be in charge of security for the Multi-State Lottery Assocation was convicted of rigging one of his employer’s games and buying himself the winning ticket. The winner of the next jackpot sued the Association, arguing that his own prize would have been bigger if the fraudulent win hadn’t happened. Is that true? The lottery group argues that it’s not. [More]

Whistleblower Lawsuit Claims University Of Phoenix Defrauded The Federal Government

Whistleblower Lawsuit Claims University Of Phoenix Defrauded The Federal Government

You can now add the University of Phoenix and its parent company, Apollo Education Group, to the list of for-profit educators who find themselves on the defendant end of a whistleblower lawsuit. A former Phoenix employee is accusing the company of submitting false student aid information in order to receive federal funding it was not entitled to. [More]

Roger Shaw

Identity Theft Victim Confronts Alleged Scammer

There’s an episode of Friends in which Monica’s identity is stolen and she goes on to become best friends with the woman posing as Monica Geller, you know, before she goes to jail. Things didn’t so quite the same for a Los Angeles woman who says she confronted a couple she alleges used her identity to open credit card accounts and file income tax returns. [More]

arvind grover

New Credit Card Rules May Make It Difficult To Purchase Gift Cards

If you recently tried to purchase a gift card and were told you had to use cash or had to stick to a smaller denomination, you’re not alone. The way in which retailers sell gift cards has changed in the five months since new credit card rules went into effect. [More]

WBZ

Inspectors In Massachusetts Combing Gas Stations, Other Card Readers For Skimmers

Look out when you’re on the road: police and state standards agencies have noticed a scary trend near highways in New England. Bluetooth card skimmers are appearing on gas pumps and ATMs in New England, slurping up customers’ payment data and beaming it to thieves who may be sitting just around the corner. [More]

New Student Aid Enforcement Unit Created To Address Alleged Fraud At For-Profit Colleges

New Student Aid Enforcement Unit Created To Address Alleged Fraud At For-Profit Colleges

With thousands of former Corinthian Colleges students waiting to find out if their federal student loan debts will be discharged because the now-defunct for-profit college allegedly deceived them with false promises related to their future careers, the Department of Education announced the creation of a special enforcement unit with the goal of being able to respond quickly to allegations that colleges are violating the law. [More]

A Stop Payment On A Check Only Lasts About Six Months

A Stop Payment On A Check Only Lasts About Six Months

When you write a check and it’s lost, stolen, or you have some other reason to do so, you call your bank and ask for a “stop payment” on it, usually incurring some kind of fee. Stopping the payment means that no one can ever deposit or cash that check, though, right? No: generally, the order lasts about six months. [More]