A man and woman organized a scheme posting non-existent vehicles for sale on many marketplace and auction websites scamming U.S. car buyers out of over $4 million while running the scheme for nearly three years overseas. Read More
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Repeat Friendly Fraudsters Caught for Commission Scam
Two U.S. brother’s, Andrew and Allen Chiu, we’re blocked from making purchases from Nordstrom.com after excessive chargeback claims and causing the department store significant losses in friendly fraud. The two then moved on to a scam in which they illegitimately earned commission payouts, but they have since been arrested and have pled guilty on charges
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Father-Son Fraud Team Had Multitude of Scams
Vladimir Zdorovenin was recently extradited to the United States on multiple charges after spreading malware and perpetrating various scams with a co-conspirator, his son, who is still at large. Read More
More Account Takeover Attempts but Less ACH Fraud
ACH fraud resulting from account takeover has persisted as a serious threat to businesses, government offices and consumers spurring guidance from the Federal Financial Institutions Examination Council (FFIEC) titled Authentication in an Internet Banking Environment. In response to this guidance financial institutions have improved on their authentication techniques and while account takeover attempts have increased,
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