His name was “Erick,” and after earning respect and responsibilities at the Arco gas station he’d been working at for 8 months, he dissapeared, leaving behind only a hidden credit card skimmer that stole $300,000 worth of debit card info from reams of customers. Police believe that “Erick,” pictured, was a low-rank solider in an organized crime ring who had been given the assignment of working his way up the ladder at the gas station until he was in a position to place the credit card skimmer, a type of con known as the “model employee” scam. As a shopper, protect yourself from skimmers by only using cash, credit cards, or swiping your debit card as credit. [More]
fraud
Minnesota Attorney General Punches National Arbitration Forum In The Face
By 7.14.09
Minnesota has filed a lawsuit against the National Arbitration Forum, alleging fraud, false advertising, and deceptive trade practices.
Bank Manager Helps Thwart $25K Con Of 80-Year-Old
By 7.14.09
A manager at Chemical Bank in Midland, Michigan, grew suspicious when he saw Marion Case, an 80-year-old customer, withdraw $25k from her account last December. Case told him she was going to mail it to someone who would then pass it along to her son. The manager, Carl Ahearn, “remained suspicious. He followed her as she walked to the nearby post office, where Case bought an Express Mail envelope addressed to a man in New Jersey. Ahearn shared his concerns with postal officials, who opened an investigation and arrested a man Monday for fraud.”
How To Deduct Ponzi Scheme Losses On Your Taxes
By 7.2.09
Step 1: Trust your life savings to a man who seemed nice at the Beth-El potluck supper.
Madoff Asks Judge For 12-Year Sentence
By 6.23.09
“Mr. Madoff is currently 71 years old and has an approximate life expectancy of 13 years,” wrote Sorkin, whose letter was released on Tuesday. “A prison term of 12 years – just short of an effective life sentence – will sufficiently address the goals of deterrence, protecting the public and promoting respect for the law.”
Hotel Gold-Buying Events Soil The Good Name Of Cash4Gold
By 6.23.09
Cash4Gold has an important message that they want us in the media to bring to the public. As the most respected name in direct-to-consumer gold ripoffs, Cash4Gold is “greatly concerned” that other entities are fraudulently using their good name for in-person gold-buying events.
Stay Away From The Nigerian Tutoring Scam
By 6.18.09
Are you a student looking for a summer or long-term tutoring gig? Be sure to stay away from the foreign tutoring scam, especially if you’re looking for work on Craigslist.
Don't Give Money To Strangers Online
By 6.16.09
Becca Beushausen, a 26-year-old woman who went by “April’s Mom” online, scammed gullible readers out of money to help pay for a fake pregnancy. Then she accidentally screwed up her scam by posting a photo of the supposed baby last week. “‘It wasn’t a photo of a baby at all,’ said Elizabeth Russell, a mother and maker of lifelike Reborn Dolls, ‘It was a doll. I have that same doll.'”
WaMu Saddles Credit Card Theft Victim With Thousands In Fraudulent Charges
By 6.10.09
Someone stole reader A’s WaMu credit card number and racked up thousands in fraudulent charges, and now WaMu wants A to pay for it. The fraudsters also made a PIN request for a cash advance over the phone, and WaMu said that phonecall orginated from A’s parents house. Because of this, which A says is impossible, WaMu demands A be responsible for the charges. He’s written letters and called executive customer service and it’s gotten him nowhere. His crappy story, inside…
The Maid Is Stealing Your Checkbook
By 6.9.09
Identity theft is rising in the recession, according to a Brooklyn public defender I talked to at a party this weekend. Most often the crime starts with the perp stealing the victim’s checkbook, he said.
On The Rise: People Blowing Up Their Own Cars
By 6.8.09
Nothing salves buyer’s remorse like a match in a fuel tank. Citing National Insurance Crime Bureau figures, a Los Angeles Times story says car owners are resorting to nefarious means to put an end to burdensome car loans. In the first quarter of the year, suspicious fires or arson were up 27 percent for the first quarter of the year and cases of intentionally destroyed cars shot up 24 percent.
SEC: Countrywide CEO Called Mortgages "Toxic" Three Freaking Years Ago
By 6.5.09
Today, as expected, is a crappy day for former Countrywide CEO and co-founder Angelo “Orangey Orangerton” Mozilo. The SEC is suing Mr. Mozilo along with several of his colleagues, claiming that they profited from stock sales while hiding information from investors.
Lawsuits: Countrywide Ex-CEO To Feel Wrath Of SEC
By 6.4.09
His extreme orangeness, former CEO and founder of Countrywide Home Loans Angelo Mozilo, is about to be slapped with civil fraud charges, according to the Wall Street Journal.
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:
Is That Person At Your Door A Real Census Worker?
By 5.29.09
The Census is starting up again, and the Better Business Bureau wants to remind people to use reason and caution when answering the door. You’re required by law to answer Census questions, but scammers may pose as legit Census workers and take advantage of the situation. “Law enforcement in several states have issued warnings that scammers are already posing as Census Bureau employees and knocking on doors asking for donations and Social Security numbers.” Here’s how to identify a real U.S. Census worker.
Look Out For These Check Scams
By 5.29.09
Check fraud has been around as long as checks, and even though technology is fast rendering the old-school payment method obsolete, check fraudsters have still gotta eat, so they’ve just got to try that much harder to con you out of your money.
Man Who Poisoned Children In Campbell's Soup Fraud Sentenced To 100 Years
By 5.22.09
In January 2006, William Cunningham laced soup with lighter fluid, peppers, and eventually Prozac and Amitriptyline, then fed it to his 18-month-old daughter and 3-year-old son. He then claimed the soup had been tampered with and threatened to sue Campbell Soup if they didn’t pay up. Yesterday he was sentenced to 100 years in prison.
HealthSouth Paid For Someone's Fake Boobs
By 5.22.09
Most medical company execs get dinged for being too stingy with their company’s funds. But it’s quite the opposite for former HealthSouth bossman Richard Scrushy, who was quite the giver.
