Pennsylvania Man Charged With Racketeering Related To Massive Payday Loan Scheme

Pennsylvania Man Charged With Racketeering Related To Massive Payday Loan Scheme

A life of stealing started with the snatching of a candy bar and transformed into an illegal multi-million dollar online payday lending scheme that allegedly defrauded thousands of people. At least that’s what federal prosecutors say led to charges against a Pennsylvania man recently. [More]

The FTC's latest fotonovela depicts Myriam and Pedro's issues dealing with the underreported and often devastating Notario scheme.

FTC Releases Spanish-Language Graphic Novel Warning Consumers Of Notario Scam

It’s not unusual for the Federal Trade Commission to issue advisories or warnings about potentially harmful frauds, scams and schemes. Today, the agency took a more unique approach to alerting Spanish-speaking consumers to the often-underreported “notario” deception by releasing a graphic novel on the subject. [More]

IRS Agrees To Share Copies Of Fake Tax Returns With Victims Of Identity Theft

IRS Agrees To Share Copies Of Fake Tax Returns With Victims Of Identity Theft

After lawmakers called on the Internal Revenue Service for more transparency for victims of identity theft, the agency says it will give those people copies of fake tax returns filed using their name and information.


Mike Mozart

Man Arrested For Allegedly “Corrupting” Wells Fargo Employees In Scheme To Access Customer Accounts

As a bank customer, you generally have an expectation that employees of said bank won’t share your personal or account information with someone that isn’t, in fact, you. But what happens when a person calls the bank claiming to be an account holder in the midst of an emergency and in need of quick cash? Federal prosecutors say that was the basis for a recent bank fraud scheme targeting Wells Fargo customers and employees. [More]

American Credit Cards Are Most Popular In The World For Hacks, Fraud (Because Our Tech Stinks)

American Credit Cards Are Most Popular In The World For Hacks, Fraud (Because Our Tech Stinks)

If it feels like we hear a whole lot of stories about retail data breaches here in the U.S., well, that’s because we do. Americans are super duper popular targets for card hacks and fraud, and it’s for one simple reason: our credit card security is bad and should feel bad.


IRS Suspects Russian Identity Thieves In Data Breach

IRS Suspects Russian Identity Thieves In Data Breach

You may remember that the Internal Revenue Service announced late yesterday that about 100,000 taxpayers’ personal information was breached when thieves armed with their personal information were able to log in to the IRS transcript system and extract even more sensitive information about their victims. Today, we learned that the IRS suspects that an organized group of hackers out of Russia are responsible for the 200,000 attempts to extract taxpayer data. [More]

A Legitimate Car Seller Will Not Ask For Payment In Amazon Gift Cards

A Legitimate Car Seller Will Not Ask For Payment In Amazon Gift Cards

As gift cards go, Amazon gift cards are pretty flexible: they’re available in any amount and can be used for a wide variety of merchandise. You can even use them to buy imaginary cars. At least, that’s what happened to a Michigan man who thought that he was buying a car that was in Montana, but was in fact sending four thousand bucks into a scamtastic void. [More]


Report: Scammers Breach Starbucks Accounts, Refill And Drain Gift Card Balances

Do you use a Starbucks stored-value card so you can have the fastest possible access to coffee? If you have that card set to auto-reload using a credit or debit card, you may be providing a way for criminals to vacuum money out of your bank account and into their own. How does that happen? Savvy scamsters can break into your account, then reload and drain them for you. [More]

SEC Charges Current, Former Executives Of For-Profit Chain ITT Educational Services With Fraud

SEC Charges Current, Former Executives Of For-Profit Chain ITT Educational Services With Fraud

Back in September ITT Educational Services – the operator of for-profit college chain ITT Technical Institute – revealed it was facing increased scrutiny by several government agencies. That scrutiny turned to action this week as the Securities and Exchange Commission filed fraud charges against current and former executives with the company for their part in concealing problems with company-run student loan programs. [More]


Lottery Security Director Accused Of Winning The Lottery Fraudulently

Remember last fall, when lottery officials were trying to locate the mysterious man who bought the winning ticket in the multi-state Hot Lotto game? That situation was strange enough, with the winner or winners trying to remain anonymous and waiting a very long time to come forward. Now the situation has become even weirder, with the lottery’s former security director accused of winning the game fraudulently. [More]


SEC Alleges Ex-NFL Player Ran $31M Ponzi Scheme

In football, a cornerback is tasked with defending against pass offenses. It appears one former NFL player wasn’t doing much defending on behalf of investors off the field. Instead, the Securities and Exchange Commission alleges former New York Giants player Will Allen used his big league connections to assist in the operation of a $31 million Ponzi scheme based on making loans to cash-strapped pro athletes. [More]

(Mike Mozart)

Walmart Executive: Chip-And-Signature Credit Cards Not Enough To Protect Consumers

The long-awaited move from traditional magnetic stripe credit cards to cards equipped with computer chips has been touted as a safer, more secure method of payment for consumers. But a top executives at the country’s largest retailers says all the hype surrounding the new cards will likely be a security letdown without the use of PIN requirements. [More]

A notario público courts customers on the side of a building. This example of notario advertising was provided by the American Bar Association's Commission on Immigration.

How ‘Notario’ Fraud Preys On Language Differences & Can Result In Unfair Deportation

While the news is filled with reports of various frauds perpetrated on American consumers, one particularly nasty scam doesn’t make as many headlines because it preys almost exclusively on recent Spanish-speaking immigrants who think they are paying for quality legal advice but instead get someone with nothing more than a notary stamp. [More]

(Mike Mozart)

NFL Linebacker Files $20M Lawsuit Against Bank Of America For Alleged Fraud

When looking to manage one’s money, it wouldn’t be unusual to seek advice from the financial professionals at one of the country’s largest banks. But an NFL linebacker says his decision to rely on Bank of America to manage his finances cost him millions of dollars and led to the closing of his budding restaurant business. [More]

(Krebs on Security)

Card Skimmers Still Found On Bank Lobby Card Readers

Alert Consumerist readers know to check ATM card readers for signs of skimmer attachments, PIN pad capture devices, and video cameras to avoid having ATM skimmer crooks drain your bank account. Yet these nefarious devices aren’t just found on cash machines and payment kiosks: some banks use magnetic card readers to protect ATM access after hours, and these can hold skimmers, too. [More]

André-Pierre du Plessis

Fraud Victim’s Impossible Choice: Eat $1,500 In Charges Or Be Banned From PayPal Forever

When a customer’s chargeback scheme left one PayPal customer down $1,500 and without the pricey headphones that they had sold, the person who sold the headphones was understandably upset. It’s wrong to rip anyone off, but they’re an individual seller rather than a faceless corporation. PayPal reduced the amount that this person owed to $700, but that was still $700 more than they really owed anyone. What’s a consumer to do? In this case, post to Reddit. [More]

(Great Beyond)

FTC Orders Company That Swindled Tens Of Millions From Seniors To Pay $10M Judgment

We’ve said it too many times to count at this point, but scammers who take advantage of senior citizens are the worst. Today, the Federal Trade Commission made sure there was one less scammer out there by permanently barring the mastermind behind a multi-million dollar fraud from all future telemarketing activities. [More]


IRS Impersonation Scam Is Largest In History, Cost Consumers $15.5M

The 2015 tax season has been fraught with complications, from the fraudulent use of tax returns to the “dirty dozen” scams meant to tear consumers away from their money. During a Senate Finance Committee hearing exploring ways in which consumers could better be protected from such hustles, federal investigators divulged more information about one of the most prevalent tax-time scams in recent years, saying it has now targeted 366,000 taxpayers to the tune of $15.5 million. [More]