Financial Fraud

Fraud Targeting Vulnerable Sports Bettors

“Wolf of Wall Street” Tactics Used in Nationwide Sports Betting Scam: Florida Man Pleads Guilty

December 4, 2024 FraudsWatch 0

Cory Zeidman Admits to Orchestrating Multi-Million Dollar Fraud Targeting Vulnerable Sports Bettors Central Islip, NY – A sophisticated sports betting scam reminiscent of the high-pressure tactics depicted in “The Wolf of Wall Street” has been […] Read More

MJ Capital Funding CEO Sentenced to 20 Years for $190 Million Ponzi Scheme

December 4, 2024 FraudsWatch 0

MIAMI – Johanna Michely Garcia, the former Chief Executive Officer of MJ Capital Funding, LLC, was sentenced to 240 months (20 years) in prison today for her role in a massive Ponzi scheme. Garcia, 41, […] Read More

Michael Mayfield – Former Mars Wrigley Manager – Sentenced to Prison for $1.2 Million Fraud Scheme

December 3, 2024 FraudsWatch 0

GAINESVILLE, Ga. – Michael Mayfield, a 55-year-old former environmental manager at the Mars Wrigley factory in Flowery Branch, Georgia, has been sentenced to three years in prison for defrauding his employer of over $1.2 million. […] Read More

Inside a Massive Medicare Fraud Operation in Florida

December 2, 2024 FraudsWatch 0

Jacksonville, FL – A complex web of deceit involving telemarketers, rogue doctors, and unscrupulous pharmacy owners has unraveled in a Florida courtroom, resulting in federal prison sentences for four men who orchestrated a staggering $54.3 […] Read More

GAF Manager Accused of $1.3 Million Wire Fraud Scheme

December 2, 2024 FraudsWatch 0

Savannah, GA – GAF Materials Corporation Manager Indicted for Elaborate Wire Fraud Scheme Savannah, GA – A former manager at GAF Materials Corporation in Savannah is facing serious federal charges for allegedly orchestrating a complex […] Read More

Roofing Business Owners Plead Guilty in Multi-Million Dollar Fraud Scheme

December 2, 2024 FraudsWatch 0

Operators Of Jacksonville Roofing Business Plead Guilty To Payroll Tax Fraud And Workers’ Compensation Fraud Two brothers who owned a roofing business in Jacksonville, Florida have pleaded guilty to conspiracy to commit mail and wire […] Read More

Two Mississippi Women Accused of Massive COVID-19 Relief Fraud

December 1, 2024 FraudsWatch 0

West Tennessee Tax Preparers Indicted for Schemes to Defraud Government of Over $65 Million in COVID-19 Relief Renata Walton and Nicole Jones, both from Olive Branch, Mississippi, have been indicted on 53 counts related to […] Read More

Stop Fraud in 2025: 20 Essential Prevention Tips

August 25, 2024 FraudsWatch 0

Stay one step ahead of scammers in the digital age. This comprehensive guide provides 20 actionable tips to protect yourself from identity theft, phishing scams, online shopping fraud, and more in 2025. Learn how to […] Read More

CDK Global Cyberattack Cripples Automotive Retail Operations, Exposing Sensitive Data

August 4, 2024 FraudsWatch 0

Who is CDK Global? CDK Global is a leading provider of integrated data and technology solutions for the automotive retail industry. Their software is used by dealerships worldwide for various critical operations, including sales, service, […] Read More

ChatGPT 4 Scams: Red Flags, Examples, & Reporting

August 4, 2024 FraudsWatch 0

ChatGPT 4, OpenAI’s groundbreaking language model, is an impressive tool. But sadly, its popularity has attracted scammers eager to exploit the hype for profit. Fraudswatch.com is committed to exposing these scams and arming you with […] Read More

Financial Fraud: Joseph Modile Was Sentenced For Money Laundering Schemes

March 9, 2024 FraudsWatch 0

International Con Artist Sentenced to Over a Decade for Brazen Fraud Schemes Brooklyn, New York – Joseph Modile, a Nigerian national with a web of fraudulent schemes reaching from coast to coast, was sentenced today […] Read More

Fraud News From World

Financial Fraud: Manley Vanel Neptune Was Charged to a Fraudulent Bank Account

March 9, 2024 FraudsWatch 0

Florida Man’s Audacious Crime Spree: From Fake Passports to Stolen Millions Manley Vanel Neptune, a 33-year old resident of Lake Worth, Florida, has found himself in a tangle of federal charges. Already facing accusations of […] Read More

The Shifting Landscape of Payment Fraud: Protecting Yourself in the Digital Age

February 25, 2024 FraudsWatch 0

Definition: Payment and transaction fraud encompasses any deceptive or unauthorized activity designed to steal funds, goods, or personal information during a financial exchange. In our increasingly digital world, the convenience of online transactions comes with a […] Read More

Bank of America (BOA) Investing: Hidden Traps That Could Cost You

February 24, 2024 FraudsWatch 0

Uncover the potential downsides of investing with Bank of America (BOA) and learn how to protect your hard-earned money. Investing can be a powerful tool for building wealth, but it’s crucial to be aware of […] Read More

Investor Beware: Essential Tips to Prevent Investment Fraud

February 18, 2024 FraudsWatch 0

Investing is a great way to secure your financial future, but it’s important to be wary of the many fraudulent schemes that exist. Understanding the risks and staying vigilant are crucial to safeguarding your assets.

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Fraud

Foreclosure Scams in 2024: Evolving Tactics and How to Protect Yourself

February 12, 2024 FraudsWatch 0

The threat of foreclosure is stressful enough for homeowners, but the existence of foreclosure scams makes the situation far worse. These schemes prey on individuals in dire financial straits, promising false hope while often robbing […] Read More

Pyramid Schemes Resurface: What You Need to Know in 2024

February 10, 2024 FraudsWatch 0

New York, 10/02/2024 – Despite increasing awareness in recent years, pyramid schemes continue to be a pervasive threat to unsuspecting individuals seeking financial opportunities. In 2024, experts warn that these fraudulent schemes are evolving, finding […] Read More

Fraud News From World

Attorney Admits Guilt in Hiding Millions for Convicted Fraudsters

February 9, 2024 FraudsWatch 0

A South Carolina attorney has admitted to playing a role in concealing funds tied to a massive California-based fraud operation. Peter J. Strauss, formerly of the Strauss Law Firm, pleaded guilty to charges related to […] Read More

Navigating the Evolving Landscape of Money Laundering Scams: Trends and Countermeasures in 2024

January 21, 2024 FraudsWatch 0

The global financial landscape is constantly evolving, offering both opportunities and challenges for businesses and individuals alike. While technological advancements have streamlined financial transactions and enhanced global connectivity, they have also created new avenues for […] Read More

Travel Club Scams: How to Protect Yourself in 2024

December 17, 2023 FraudsWatch 0

Travel clubs can be a great way to save money on vacations, but there are also many scams out there that target travelers. In this article, we will discuss some of the most common travel […] Read More