PayPal has locked Jessica’s account and won’t release her funds until she pays off the negative balance in her other account. That’s fine, except that she doesn’t have another account. Whatever they linked her to, it’s not hers. Of course, this being PayPal, they won’t give her any information about the other account. She can’t even access it to see what the balance is or who it belongs to.
fraud
Chase Thinks Reader Has Amazing Bilocating Credit Card
By 10.25.09
Chase’s fraud department apparently thinks that Jake is lying. A few weeks ago, they called him about some suspicious activity on his credit card. Jake and his wife verified that the transactions were neither his nor his wife’s, the Chase representative instructed them to destroy their cards, and that was that. Until a week and a half later, when a fraud specialist called them back to deny their fraud claim, claiming repeatedly that his story “doesn’t jive.”
MoneyGram Agrees To Pay $18 Million Back To Fraud Victims
By 10.20.09
MoneyGram International announced today that it would pay $18 million to the FTC to settle charges it allowed wire fraud to happen between 2004 and 2008. MoneyGram’s press release notes that they disagree with the FTC’s view of the matter, but $18 million is a hell of a lot of money to pay if you don’t think you were in the wrong. The press release from the FTC, on the other hand, provides plenty of detail illustrating MoneyGram’s negligence, as well as the criminal behavior of some of its employees who were in on the frauds.
Just Because Someone Tries To Sell You A Building Doesn't Mean They Own It
By 10.15.09
Meet Mr. Vargas. He would like to sell you his stake in some commercial property, a triangular lot just north of Central Park, at Lenox and St. Nicholas Avenues, in NYC. You would like to buy this property, because it’s apparently awesome. Unfortunately, after you give Mr. Vargas the money — you find out that the property is owned by an entirely different person.
Cash4Gold Hit With Racketeering And Fraud Class Action Lawsuit
By 10.15.09
A class action lawsuit (PDF) was filed against Cash4Gold in California federal court last Friday, accusing the company of a “massive scheme to defraud tens of thousands of consumers throughout the nation,” and racketeering.
Fortune Teller Arrested For Selling Thousand Dollar Body Wash At The Mall
By 10.13.09
Fortune tellers are sort of like the con-artist version of the website Significant Objects—the more interesting the story, the higher the price you can fetch for an otherwise cheap piece of crap. Unless, of course, the police arrest you for “fraudulent accosting” at the mall and ruin your con.
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.
Expense-A-Steak Receipt Generator Makes Fraud Easy
By 10.6.09
Midtown Manhattan steakhouse Maloney & Porcelli’s tongue-in-cheek “Expense-a-Steak” tool generates remarkably realistic-looking expense friendly receipts for whatever amount you enter into the website (supposedly the cash you dropped on their fine hunks of meat.) Is it aiding and abetting fraud? Who knows.
Love In The Time Of Internet Fraud
By 10.3.09
Online dating has resulted in many happy relationships out here in the real world, but also provides a unique opportunity for different kinds of scammers to quickly gain your confidence and manipulate your emotions in order to get past your normal scam-detecting defenses. So how do you protect yourself?
Fake McDonald's Letter Is Totally Fake, Burger Pusher Confirms
By 10.1.09
Mickey D’s down under wants everyone to know that the parody McDonald’s letter making the rounds is indeed prankaliscious. Corporate Communications Manager Bronwyn Stubbs writes:
(Parody) New Profit Center For Australian McDonald's: Fraud?
By 10.1.09
Note: This memo is a parodic spoof.
Bally Sends Fake Past Due Bills To Ex-Members To Get Them To Rejoin
By 9.22.09
Reader Jordan writes in to share a past due “bill” that he received from Bally Total Fitness, where he had previously been a member. It turns out that the letter, which specified the amount Jordan owed and threatened to report Jordan to a collection agency if he didn’t pay, was actually a sneaky solicitation to get him to renew his contract.
Nigeria Demands Apology For Sony Ad Implying They're A Source Of Scams
By 9.18.09
Nigeria is mad at Sony for its latest ads that suggesting a lot of scams come from the country. Heaven forfend!
Bank Of America Board Members Subpoenaed
By 9.18.09
New York Attorney General Andrew Cuomo’s office is gathering information in order to file fraud charges against some BoA executives over what they knew, and what they hid, when they acquired Merrill Lynch & Co. a year ago. Earlier this week, his office subpoenaed 5 board members to find out “what they knew regarding the mounting losses and bonus payments at Merrill before the deal closed on Jan. 1 and what role they played in deciding whether to disclose that information to shareholders,” according to the Associated Press.
AG Cuomo: Dell To Pay $4 Million For "Defrauding NY Customers"
By 9.15.09
If you live in New York State and purchased a computer from Dell using a Dell-financed “no interest loan,” today may be your lucky day, dude. Based on a settlement with New York State Attorney General Andrew Cuomo, the computer company will pay $4 million “in restitution, penalties and costs to resolve charges of fraudulent and deceptive business practices that scammed consumers across New York State.”
Advice: Don't Try To Open A JC Penney Account With The Person You're ID Thefting
By 9.15.09
Did you hear about the identity thief in Seattle who tried to open a JC Penney credit card account with one of the very women whose identity she had stolen?
Papa John's Camaro Drives To Court
By 9.6.09
We all should have known that at the intersection of a long-lost car, a multi-national pizza chain, and a huge cash reward, there would be litigation. Papa John’s owner John Schnatter offered a $250,000 reward for his 1971 Camaro. A couple who formerly owned the car helped Schnatter track it down, but didn’t receive the reward because they didn’t hold the car’s title. They did receive a $25,000 “finder’s fee,” but claim that the reward should rightfully be theirs. Now the company and the couple are suing each other. [WKLY] (Thanks, Becky!)
Wachovia Teller Refuses To Deposit Check Written In Two Ink Colors
By 9.2.09
“The best advice I can offer to those who wish to commit check fraud against Wachovia Bank,” writes Jim, “is to purchase a typewriter.” Although he’s been a customer of the bank for years and had a hefty balance that more than covered the deposit amount of his handwritten check, because the dollar amount was in black ink and the signature was in blue ink the teller said it might be fraudulent and refused to take it.
