Financial Crime: Morad Limlahi Sentenced For Stealing Card Details To Load Funds

Fraudster sentenced to three years for £95,000 fraud A fraudster who was the target in two separate police investigations has been jailed for three years following a Dedicated Card and Payment Crime Unit (DCPCU) investigation. Morad Limlahi, aged 27, of east London, was subject to two separate DCPCU investigations for stealing card details from customers […]

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INTERNET OF THINGS: OPPORTUNITIES FOR CYBER CRIME

Leave a Comment / Fraud, White-Collar Crime / By FraudsWatch

The Internet of Things (IoT) refers to any object or device which connects to the Internet to automatically send and/or receive data. As more businesses and homeowners use web-connected devices to enhance company efficiency or lifestyle conveniences, their connection to the Internet also increases the target space for malicious cyber actors. Similar to other computing

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Real Estate Scam: Ellis Galyon and Christopher Anderson Plead Guilty to Rigging Bids And Fraud Conspiracies

Leave a Comment / Fraud, Fraud News From World / By FraudsWatch

Two Real Estate Investors Plead Guilty to Rigging Bids at Public Home Foreclosure Auctions 22 Defendants Charged in Ongoing Investigation Two Georgia real estate investors pleaded guilty today for their roles in bid-rigging and fraud conspiracies committed at public real estate foreclosure auctions in Georgia, the Department of Justice announced. Ellis Galyon and Christopher Anderson each

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Financial Fraud: Sarah Frances Bolhuis Charged WIth Wire Fraud And Money Laundering

Leave a Comment / Fraud, Fraud News From World / By FraudsWatch

Northern Michigan Woman Charged WIth Wire Fraud And Money Laundering In Multi-Million Dollar Scheme To Defraud Sarah Frances Bolhuis Has Agreed To Plead Guilty For Her Role In A $7.5 Million Scheme GRAND RAPIDS, MICHIGAN — Sarah Frances Bolhuis, 70, of Antrim County, Michigan, was charged with two felonies in connection with a scheme

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Healthcare Fraud: Rafael Chikvashvili Sentenced for Charges Related to a health Care Fraud and Wire Fraud Conspiracy

Leave a Comment / Fraud, Fraud News From World / By FraudsWatch

Maryland Health Care Provider Sentenced to 10 Years in Federal Prison for Health Care Fraud RRafael Chikvashviliesulting in Patient Deaths Patients Died Because No Radiologist Reviewed X-Rays; Defendant Cheated Medicare and Medicaid of More Than $6 Million Baltimore, Maryland – U. S. District Judge James K. Bredar sentenced the owner of Alpha Diagnostics, Rafael Chikvashvili,

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Health Care Fraud: Rafael Chikvashvili Sentenced to 10 Years

Leave a Comment / Email Scams Examples, Fraud / By FraudsWatch

Maryland Health Care Provider Sentenced to 10 Years in Federal Prison for Health Care Fraud Resulting in Patient Deaths Patients Died Because No Radiologist Reviewed X-Rays; Defendant Cheated Medicare and Medicaid of More Than $6 Million Baltimore, Maryland – U. S. District Judge James K. Bredar sentenced the owner of Alpha Diagnostics, Rafael Chikvashvili, age

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TECH SUPPORT SCAM: The Internet Crime Complaint Center (IC3) – Guideline

Leave a Comment / Fraud / By FraudsWatch

TECH SUPPORT SCAM The Internet Crime Complaint Center (IC3) is receiving an increase in complaints related to technical support scams, where the subject claims to be an employee (or an affiliate) of a major computer software or security company offering technical support to the victim. Recent complaints indicate some subjects are claiming to be support

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Business E-Mail Compromise and Fraud Statistics From FBI’s Internet Crime Complaint Center (IC3)

Leave a Comment / Fraud, White-Collar Crime / By FraudsWatch

BUSINESS E-MAIL COMPROMISE: THE 3.1 BILLION DOLLAR SCAM This Public Service Announcement (PSA) is an update to the Business E-mail Compromise (BEC) information provided in Public Service Announcements (PSA) 1-012215-PSA and 1-082715a-PSA. This PSA includes new Internet Crime Complaint Center (IC3) complaint information and updated statistical data. DEFINITION BEC is defined as a sophisticated scam

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How Can Spot Fake or Fraudulent Crude Oil Sellers In Today’s International Crude Oil Selling?

Leave a Comment / Fraud / By FraudsWatch

Many knowledgeable observers and respected analysts of the industry have noted, for example, that particularly in these hard global economic times, many crooks, scammers and fraudsters with actually no real crude oil to sell, have trooped into the international crude oil selling business in tremendous numbers, seeing it as a fertile ground for them in

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Cyber Crime: Leonid Momotok to Computer Hacking And Trading Scheme

Leave a Comment / Fraud, Fraud News From World, White-Collar Crime / By FraudsWatch

Georgia Trader Pleads Guilty To Largest Known Computer Hacking And Trading Scheme More Than 150,000 Press Releases Stolen from Three Major Newswire Companies Used to Generate Approximately $30 Million in Illegal Trading Profits Earlier today, Leonid Momotok, of Suwanee, Georgia, pleaded guilty to conspiracy to commit wire fraud for his role in an international scheme

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August 2016