fraud prevention

Conceptual illustration of SIM unlocking fraud depicting a cracked padlock on a smartphone screen being manipulated from within, symbolizing insider threats in telecommunications cybersecurity.

Unlocking Trouble: Inside the Richard Sherman SIM Fraud Conspiracy and the Fight Against Telecom Insider Threats

Leave a Comment / Fraud News From World / By FraudsWatch

I. Introduction: An Inside Job Shakes the Telecom Sector In a stark illustration of the vulnerabilities lurking within major corporations, a former employee of a multinational telecommunications company recently admitted to orchestrating a sophisticated, long-running fraud scheme. Richard Forrest Sherman, 46, pleaded guilty in Newark federal court to wire fraud conspiracy, acknowledging his central role

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Conceptual image of hands reaching for COVID-19 relief funds, symbolizing PPP and EIDL loan fraud.

COVID-19 Relief Fraud: The Case of Casie Hynes and the $2 Million+ Scheme – A Deep Dive into Pandemic Loan Abuse

Leave a Comment / Fraud News From World / By FraudsWatch

The COVID-19 pandemic brought unprecedented economic challenges, prompting the US government to launch massive relief programs like the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) program. These initiatives, designed to keep businesses afloat and protect jobs, were unfortunately also targeted by fraudsters. The case of Casie Hynes, a 39-year-old woman from

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Elderly Authors Bilked Out of $44 Million in “Blockbuster Book Deal” Scam

Leave a Comment / Fraud News From World / By FraudsWatch

San Diego, CA – In a shocking case of fraud, a federal grand jury has indicted three individuals for allegedly swindling over 800 elderly authors out of more than $44 million. The scam, orchestrated through a company called PageTurner, Press and Media LLC, preyed on the aspirations of writers by falsely promising lucrative publishing deals

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The Ultimate Guide to Preventing Insurance Fraud: Stay Safe and Save Money

Leave a Comment / Fraud Prevention, Insurance / By FraudsWatch

Let’s be honest, insurance isn’t always the most exciting topic. But what is exciting is saving money and avoiding scams. And that’s where understanding insurance fraud comes in. It’s a bigger problem than you might think, and it impacts your wallet directly. We’re talking higher premiums for everyone, all thanks to those who try to

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Credit and Debit Card Fraud in 2025: The Evolving Threat Landscape and How to Protect Yourself

Leave a Comment / Credit Card, Fraud Prevention / By FraudsWatch

The year is 2025. While digital payment technology has made leaps and bounds in convenience and security, credit and debit card fraud remains a persistent threat, evolving alongside these advancements. Fraudsters are becoming more sophisticated, employing advanced tactics and exploiting vulnerabilities in the ever-expanding digital financial ecosystem. This article delves into the landscape of credit

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Automobile Accident Attorney Scams: Protecting Yourself After a Crash

Leave a Comment / Fraud, Insurance / By FraudsWatch

A car accident is stressful enough without the added worry of falling victim to a scam. Unfortunately, opportunistic individuals and even organized groups prey on accident victims, seeking to profit from their misfortune. Understanding the tactics used in automobile accident attorney scams can help you safeguard your rights and finances during a difficult time. What

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