FraudsWatch

FraudsWatch is а site reporting on fraud and scammers on internet, in financial services and personal. Providing a daily news service publishes articles contributed by experts; is widely reported in thе latest compliance requirements, and offers very broad coverage of thе latest online theft cases, pending investigations and threats of fraud.

TECH SUPPORT SCAM

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

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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

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

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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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Fraudulent Crude Oil Sellers

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

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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

Cyber Crime: Leonid Momotok to Computer Hacking And Trading Scheme

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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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Financial and Mortgage Fraud

Financial Fraud: Alexander Matthews and Sultana Siddiqui Sentenced for Mortgage Fraud

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North Potomac Mortgage Broker Sentenced to Federal Prison for Defrauding Investors of Over $400,000 Promised to Pay Back Loans from Individual Investors With Substantial Returns in a Short Amount of Time, But Instead Used the Money for Personal Gain Greenbelt, Maryland – U.S. District Judge Theodore D. Chuang sentenced Sultana Siddiqui, a/k/a Sultana Ahmad, age

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Financial Fraud

Financial Fraud: Manuel Ponce Vazquez Guilty to Defrauding Charities and Law Firms

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Quincy Man Pleads Guilty to Defrauding Charities and Law Firms BOSTON – A Quincy man pleaded guilty today in U.S. District Court in Boston to using counterfeit cashier’s checks to defraud victims, including charities and law firms, of at least $1 million. Manuel Ponce Vazquez, 59, pleaded guilty to an Information charging him with one

Financial Fraud: Manuel Ponce Vazquez Guilty to Defrauding Charities and Law Firms Read More »

Wire Fraud and Money Laundering

Financial Fraud: David H. DeMathews Sentenced for Wire Fraud and Money Laundering

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Columbus Businessman Sentenced to 142 Months for Wire Fraud, Money Laundering COLUMBUS, Ohio – David H. DeMathews, 63, of Columbus, was sentenced in U.S. District Court to 142 months in prison and ordered to pay approximately $730,000 in restitution for one count of wire fraud and one count of money laundering. Benjamin C. Glassman, Acting

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Bankruptcy

Bankruptcy: Elpidio Gongora Guilty Plea to a Scheme Involving Defrauding Personal Injury Clients, Tax Evasion and Hiding Assets from U.S. Bankruptcy Trustee

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San Antonio Businessman Enters Guilty Plea to a Scheme Involving Defrauding Personal Injury Clients, Tax Evasion and Hiding Assets from U.S. Bankruptcy Trustee In San Antonio this morning, 47-year-old San Antonio businessman Elpidio Gongora (aka “Pete Gongora”) pleaded guilty to federal charges in connection with a scheme to defraud personal injury clients; evading payment of

Bankruptcy: Elpidio Gongora Guilty Plea to a Scheme Involving Defrauding Personal Injury Clients, Tax Evasion and Hiding Assets from U.S. Bankruptcy Trustee Read More »

International Cell Phone Fraud Scheme

Cyber Crime: Ramon Batista, Edwin Fana and Jose Santana Charged For Cell Phone Fraud Scheme

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Defendants Charged with Participating in Sophisticated International Cell Phone Fraud Scheme Criminal charges were unsealed against multiple defendants relating to their participation in a sophisticated global cell phone fraud scheme, involving the takeover or compromise of cell phone customers’ accounts and the “cloning” of their phones to make fraudulent international calls. U.S. Attorney Wifredo A.

Cyber Crime: Ramon Batista, Edwin Fana and Jose Santana Charged For Cell Phone Fraud Scheme Read More »

Mail Fraud and Money Laundering Charges

Financial Fraud: Albert Shih-Der Chang Was Arrested For Mail Fraud and Money Laundering Charges

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FBI Arrests Dallas Technology Company’s Former Lead Systems Engineer on Mail Fraud and Money Laundering Charges DALLAS — Albert Shih-Der Chang, a former Lead Systems Engineer for a Dallas technology company known as One Technologies, was arrested at his residence in Fairview, Texas, this morning by special agents with the FBI on an indictment charging

Financial Fraud: Albert Shih-Der Chang Was Arrested For Mail Fraud and Money Laundering Charges Read More »

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