FraudsWatch.com
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.

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Credit Card Fraud

Financial Fraud: Five Defendants Charged With Scheme to Steal Victims Credit Cards And Defraud Them

Five members of credit card theft ring plead guilty ATLANTA – Treveyon Herring, one of five defendants charged with stealing credit cards from the baggage loading areas of Hartsfield-Jackson International Airport and a private mail sorting facility, has pleaded guilty to wire fraud conspiracy.“Americans depend on the United States mail system to carry some of their most vital and sensitive correspondence, like the new credit cards in this case,” said U. S. Attorney John Horn.  “By exploiting the airport’s baggage loading…

Fiancial Fraud: Hussain Abdullah Sentenced For Conspiracy to Commit Wire Fraud, And Aggravated Identity Theft

Leader Of Fraudulent Credit Card Scheme Sentenced To Five Years In Prison Used the Personal Information of Victims to Fraudulently Obtain Credit, With Losses of More Than $225,000June 23, 2017 FOR IMMEDIATE RELEASEwww.justice.gov/usao/mdContact ELIZABETH MORSE(410) 209-4885Greenbelt, Maryland – On June 23, 2017, U.S. District Judge George J. Hazel sentenced Hussain Abdullah, age 39 of Forestville, Maryland, to 60 months in prison, followed by 3 years supervised release, for conspiracy to commit wire fraud,…

Identity Theft: Craig Alexander Sentenced For Credit Card Fraud and Aggravated Identity Theft

Brooklyn Man Sentenced For Credit Card Fraud and Aggravated Identity TheftUsed Another Man’s Driver’s License to Commit Credit Card Fraud in the Utica AreaSYRACUSE, NEW YORK –Craig Alexander, 31, of Brooklyn, was sentenced today to serve 64 months in prison for committing credit card fraud and aggravated identity theft in September of 2014 in Utica, New York and at the Turning Stone Resort and Casino in Verona, New York.The announcement was made by United States Attorney Richard S. Hartunian and Resident Agent in…

2 Cases of Credit Card Fraud

Twо people wіth nо apparent ties tо thе community, suspected оf buying thousands оf dollars іn gift cards using stolen credit card information, hаd thеіr alleged criminal activity соmе tо аn еnd оutѕіdе Sam’s Club оn Ken Bale Boulevard – thаt describes twо unrelated investigations thаt occurred 10 months араrt thіѕ year іn Bowling Green.Thе earlier case led tо federal criminal charges аgаіnѕt Noslen Guerra аnd Julio Simon, а pair оf Cuban nationals frоm Florida. Court documents link thе pair tо $71,000 іn illegal…

New Credit Cards Its Not Safe 100%

NEW MICROCHIP-ENABLED CREDIT CARDS MAY STILL BE VULNERABLE TO EXPLOITATION BY FRAUDSTERSBy October 2015, many U.S. banks will have replaced hundreds of millions of traditional credit and debit cards, which rely on data stored on magnetic strips, with new payment cards containing a microchip known as an EMV chip. While EMV cards offer enhanced security, the FBI is warning law enforcement, merchants, and the general public that no one technology eliminates fraud and cybercriminals will continue to look for opportunities to…

Internet Fraud – Tips And Descriptions

Tips for Avoiding Internet Auction Fraud:Understand as much as possible about how the auction works, what your obligations are as a buyer, and what the seller’s obligations are before you bid. Find out what actions the website/company takes if a problem occurs and consider insuring the transaction and shipment. Learn as much as possible about the seller, especially if the only information you have is an e-mail address. If it is a business, check the Better Business Bureau where the seller/business…

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Credit Card Fraud: Avoid When Paying Online

Credit Card Internet Fraud is one of the most common crimes in cyber space today. It can be as simple as being charged for a dollar online purchase and then the merchant using the card to charge other purchases. This is much easier for a thief than the old fashioned way of actually stealing the credit card and account details. It affects not only the card holders, but the merchants as well. Each year, hundreds of millions of dollars are lost to fraud. As well as business, for example: some people may shy away to…

Credit Card Fraud: How To Prevent?

Credit Card FraudCredit Card Fraud Prevention Credit card fraud has recently grown at an alarming rate around the globe, with online transactions accounting for a high percentage of fraudulent purchases. In fact, online credit card fraud is expected to increase to an estimated $190 billion by 2014, according to financial experts. This is a worrying statistic considering the detailed research and efforts from major credit card companies such Visa, and MasterCard to prevent this fraud. Credit card fraud is…

Different Types of Credit Card Fraud

Credit card fraud is one of the biggest loss concerns in a bank. The frauds are usually performed by a group of people either using counterfeit credit cards to cheat unsuspecting merchants or in collaboration with the merchants to cheat the banks. This group of people who performed fraud is known as fraud syndicates. Types of frauds There are many types of frauds that have identified by the banks. To ease the efforts of fighting fraud, they are classified into various categories by their natures 1. Counterfeit…