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taiwannews.com.tw
· 2025-12-07
U.S. companies lost an average of 9.8% of their annual revenue to fraud in the past year—a 46% increase from 2024 and 27% higher than the global average of 7.7%, representing approximately $114 billion in losses among surveyed U.S. business leaders. Account takeover fraud emerged as the most damaging fraud type in the U.S. (31% of losses), followed by synthetic identity fraud (24%) and scam/authorized fraud (23%), with account takeover fraud volume growing 141% globally between H1 2021 and H1 2025.
info.gov.hk
· 2025-12-07
In Hong Kong during the first eight months of 2025, police reported 184 telephone scam cases targeting local tertiary students and 86 cases targeting Mainland students, resulting in approximately $32 million and $75 million in losses respectively. The government has implemented fraud prevention measures under the Theft Ordinance with penalties up to 14 years imprisonment, and is consulting with educational institutions and authorities to strengthen anti-scam awareness programs among students through seminars and enhanced promotional efforts.
thestar.com.my
· 2025-12-07
A 73-year-old retiree in Shah Alam lost nearly RM6 million (RM5,996,586.51) after falling victim to a phone scam in which fraudsters impersonated anti-financial crime officials and convinced her she was involved in money laundering, instructing her to open bank accounts and deposit her savings. The victim only discovered the fraud when her child alerted her, but by then all funds had been transferred; police emphasized that authorities never conduct financial transactions over the phone and urged the public not to disclose personal banking information or transfer money based on unsolicited calls.
aba.com
· 2025-12-07
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therealdeal.com
· 2025-12-07
Platte Canyon Capital sued DJE Texas Management Group's former chief Devin Elder for fraud and breach of contract related to the July sale of a 268-unit San Antonio apartment complex, seeking over $1 million in damages. Elder allegedly misrepresented the property's 90%+ occupancy rate (actual rate was about 15% lower), failed to disclose tenant delinquencies, and improperly collected $52,000 in rent for two months after the sale. The lawsuit is part of widening legal fallout against Elder and DJE, which also faces FBI investigation for money laundering and wire fraud allegations.
insidernj.com
· 2025-12-07
Patricia Linda-Ahono, a nursing director at Crystal Lake Rehabilitation and Healthcare Center in New Jersey, was indicted in July 2025 on charges including aggravated assault, neglect of an elderly or disabled adult, and falsifying records after she allegedly struck a resident with a broom on June 24, 2023, causing bleeding injuries. The incident was recorded on video by a nurse, but Lindo-Ahono allegedly falsified the incident report by claiming the resident had a weapon and misrepresenting the date; she also allegedly instructed staff not to contact police and later attempted to coach a witness to deny knowledge of the event. The charges reflect both the physical assault and the
lilifepolitics.com
· 2025-12-07
**Scam Type:** Tech support fraud / computer compromise scam
A 74-year-old East Rockaway woman lost $117,000 after receiving a pop-up message claiming her computer was compromised; she withdrew the funds between October 1-3 and handed cash to unknown individuals before realizing the scam on October 6. Two men, Chengxiang Jiang, 40, and Jinqin Jiang, 46, were arrested and charged with Grand Larceny in the Third Degree (with the latter also charged with Resisting Arrest); Chengxiang Jiang was linked to a second elder
thenicheng.com
· 2025-12-07
INTERPOL arrested Nigerian national Ikechukwu N. in Argentina for orchestrating an international romance scam network that defrauded thousands of women worldwide, marking Argentina's first capture of a Red Notice fugitive under INTERPOL's new Silver Notice system. The arrest was part of Operation Jackal, a 2025 global initiative targeting West African organized crime groups involved in cybercrime, following prior operations that seized over $3 million in illicit assets and froze 700 bank accounts linked to similar fraud networks.
longisland.com
· 2025-12-07
A 74-year-old woman in East Rockaway withdrew $117,000 between October 1-3, 2025, after receiving a computer warning message and being instructed by phone scammers to withdraw funds to protect her money; she realized the fraud on October 6 and reported it to police. Two suspects were arrested in connection with this scam and a second elder fraud targeting a 78-year-old male in Rockville Centre in August 2025: Jinqin Jiang, 46, charged with Attempted Grand Larceny 3rd Degree and Resisting Arrest, and Chengxiang Jiang, 40
einpresswire.com
· 2025-12-07
Pilot Michael Bremner is conducting a record-setting flight around the Hollywood Sign to raise awareness and funds for Alzheimer's research and combat elder abuse, inspired by his own family's experience with elder financial exploitation. The FBI reports that $4.8 billion was stolen from seniors in 2024, with over half committed by family members, and individuals with Alzheimer's disease are particularly vulnerable to scams and exploitation because cognitive decline removes their defenses against abuse. The nonprofit Elder Abuse Air Force aims to raise $5,000 for Alzheimer's research during the flight while pushing for systemic legal changes to treat elder abuse with the same seriousness as other major crimes.
liherald.com
· 2025-12-07
A 74-year-old woman in East Rockaway lost $117,000 in an elder scam after receiving a fake computer security warning that instructed her to withdraw funds to "protect" her money; she handed the cash to unknown men between October 1-3 before realizing the fraud on October 6. Police arrested Brooklyn resident Jinqin Jiang, 46, and charged him with attempted grand larceny in the third degree and resisting arrest, though he was subsequently taken into custody by ICE for illegal immigration status.
cm.asiae.co.kr
· 2025-12-07
South Korea's five major banks approved voluntary compensation for only 10% of voice phishing fraud applications (18 out of 173 cases) from January 2021 to August 2022, compensating just 141.19 million won of 637.62 million won claimed, with secondary financial institutions showing even lower approval rates at 1.6%. The government is pursuing stricter "no-fault compensation liability" legislation that would require financial companies to compensate victims regardless of the banks' negligence, aiming to expand victim protection against voice phishing crimes.
boredpanda.com
· 2025-12-07
A married couple experienced severe financial strain after one spouse fell victim to a scam that depleted their entire life savings, but the situation was compounded by financial infidelity when the affected spouse concealed the loss from their partner, resulting in massive undisclosed debt. The article features expert perspectives on how financial secrecy—often rooted in shame, guilt, and anxiety rather than intentional deception—damages relationships more severely than the financial loss itself. Experts recommend couples address financial infidelity through value-based conversations, couples counseling combined with financial advisory services, and transparent communication to rebuild trust and develop a sustainable financial recovery plan.
bioengineer.org
· 2025-12-07
Fraudsters are increasingly employing artificial intelligence to create more convincing scams targeting vulnerable populations, particularly the Latino community and those with limited technology knowledge. Assistant Professor Gabriel Aguilar, who himself fell victim to a fake job offer scam involving a fraudulent check as a college student, advocates for enhanced AI literacy education to help students and communities recognize and combat AI-enabled deceptions such as deepfakes and voice-cloning technology. Aguilar proposes that educators integrate critical thinking about AI scams into technical writing and communication curricula to equip learners with tools to identify fraud and protect themselves and their communities.
romesentinel.com
· 2025-12-07
Jervis Public Library in Rome hosted a free educational presentation by John H. Hobika, Jr. of Berkshire Bank on October 21 to inform seniors about financial fraud and scams. The presentation covered common fraud schemes, victim resources, and included a question-and-answer session.
timesofindia.indiatimes.com
· 2025-12-07
An 80-year-old resident of Kolkata lost Rs 33 lakh over two weeks in a digital arrest fraud scheme where three individuals impersonated CBI officers and convinced him he was "digitally arrested," causing him to transfer funds via RTGS out of fear of legal consequences. Police recovered Rs 8 lakh and are continuing investigations under multiple BNS sections, with authorities emphasizing that elderly people are particularly vulnerable to such scams due to limited digital literacy, trust in authority figures, and social isolation.
townhall.com
· 2025-12-07
Tochuwku Albert Nnebocha, a 43-year-old Nigerian national extradited from Poland, faces federal charges for operating a transnational inheritance scam that defrauded American seniors over five years. The scheme involved sending personalized letters claiming victims were entitled to multimillion-dollar inheritances from deceased Spanish relatives, then requesting upfront fees for delivery and taxes; victims sent money through a network of U.S.-based accomplices but never received the promised funds. Nnebocha faces up to 20 years in prison, and two co-defendants have already been sentenced to approximately 8 years each.
townhall.com
· 2025-12-07
Tochuwku Albert Nnebocha, 43, a Nigerian national extradited from Poland, faces federal charges for operating a transnational romance/inheritance scam that defrauded American seniors over five years by falsely claiming they had won multimillion-dollar inheritances from Spain and requesting upfront fees. Victims were instructed to send money through a network of U.S.-based former victims who forwarded funds to the defendants, with none of the promised inheritances ever materialized. Nnebocha faces up to 20 years in prison; two co-conspirators have already been sentenced to 97 months each for their roles in the scheme.
regtechtimes.com
· 2025-12-07
Reality television personalities Wendy and Edward Osefo from Real Housewives of Potomac were arrested in Maryland on October 9 and charged with 16 counts of fraud, including seven felonies, allegedly involving insurance fraud totaling $300. Both were released on $50,000 bonds each and are cooperating with authorities. The arrests resulted in a delayed broadcast of their scheduled appearance on Wife Swap: The Real Housewives Edition.
cnhi.com
· 2025-12-07
Older adults aged 60-plus lost $3.4 billion globally to financial scammers in 2023, with fraudsters targeting this population because they believe older adults have substantial savings and are less likely to report crimes. The article describes five common scams targeting seniors: grandparent scams (emotional manipulation using impersonation), financial services scams (impersonating banks or debt collectors), tech support scams (the most frequently reported type), government impersonation scams (IRS/Social Security threats), and romance scams, all of which exploit trust, fear, or emotion to extract money or personal information.
abc6onyourside.com
· 2025-12-07
An 82-year-old in Northern Virginia was nearly scammed out of over $20,000 by a fraudster posing as a lawyer claiming to represent their son in a criminal case, complete with a crying man in the background for authenticity. The victim's family intervened before money was lost, and law enforcement coordinated a fake cash pickup that led to the arrest of Yordanys Rodriguez, 33, of the Bronx, who was found to be impersonating a law enforcement officer and is now facing charges of conspiracy to commit a felony and obtaining money by false pretenses.
mk.co.kr
· 2025-12-07
Employment fraud luring Cambodian victims has surged dramatically in Cambodia, with reports increasing from 4 in 2021 to 330 by August 2024, primarily targeting South Korean nationals through false job advertisements on Telegram and job sites promising high income. Victims are coerced into illegal online scams including voice phishing and romance fraud, with criminal gangs also targeting Korean nationals at restaurants to steal bankbooks and passports for money laundering. The Korean Embassy has limited ability to assist victims directly and recommends contacting local police via Telegram hotline 117, though rescued victims face detention and deportation after months of investigation for their involvement in financial crimes.
atholdailynews.com
· 2025-12-07
Between 2023 and May 2025, the FBI's Boston Division documented 103 courier-based fraud schemes targeting elderly residents, resulting in over $26 million in losses, with 59 Massachusetts victims losing $18.6 million combined—98% of losses reported by people over 60. The scams typically involved impersonation (grandparent, government, or tech support) to convince victims to either transfer funds to fake government accounts or hand cash and gold bars to couriers; nationally, the FBI documented 1,737 similar instances totaling approximately $186.2 million in losses. The FBI advises the public to discuss these schemes with elderly relatives and warns that the government
wjla.com
· 2025-12-07
An 82-year-old in Northern Virginia nearly lost over $20,000 to a fake lawyer scam in October, where a caller claimed the victim's son needed legal representation and used emotional manipulation (including recorded crying) to pressure payment. Quick intervention by a family member and coordinated law enforcement stopped the fraud; investigators identified the scammer as Yordanys Rodriguez, 33, of New York, who used the name of a deceased attorney and was arrested in Pennsylvania on charges of conspiracy and obtaining money by false pretenses, and was also found to be impersonating a law enforcement officer.
themanchestermirror.com
· 2025-12-07
The Washtenaw County Sheriff's Office warns of increased phone and email scams in the region where callers impersonate law enforcement and claim victims have warrants or that their relatives are in jail, demanding immediate payment via wire transfer, gift cards, or cryptocurrency. The sheriff's office emphasizes that legitimate law enforcement never demands payment over the phone and advises recipients to hang up, avoid providing personal information, resist pressure for immediate action, and verify claims by calling Metro Dispatch directly at 734-994-2911.
longislandpress.com
· 2025-12-07
Two men were arrested in connection with an elder fraud scheme in East Rockaway on October 6, 2025, in which a 74-year-old woman was deceived by a fake computer warning message and withdrew $117,000 that she handed over to accomplices. Jinqin Jiang, 46, and Chengxiang Jiang, 40, were charged with grand larceny and related offenses; the latter was also linked to a prior August scam targeting a 78-year-old man for approximately $78,000. Both men were found to be in the country illegally and were transferred to ICE custody for removal proceedings.
detroitnews.com
· 2025-12-07
This educational article provides guidance on recovering emotionally and practically from financial scams. It advises victims to document what happened, immediately contact their financial institution to dispute charges and change passwords, file police reports with local and federal agencies (FBI, FTC, state attorney general), and consider credit monitoring or freezes to prevent further fraud. Experts emphasize that scam victims should not feel shame, as anyone can be targeted, and that sharing experiences with others can help prevent future scams in their community.
theguardian.com
· 2025-12-07
A Chinese court recently sentenced 11 people to death for operating an illegal scam network along the Myanmar border, but experts warn this represents only a fraction of a multibillion-dollar "pig-butchering" fraud industry spanning Southeast Asia and beyond. The schemes victimize two groups: those defrauded by romance or business scammers, and trafficked workers forced to perpetrate crimes in prison-like compounds under threat, torture, and modern slavery conditions. An estimated 220,000 people have been trafficked into online scam centers in Myanmar and Cambodia alone, with operations now identified in Serbia, Peru, Pakistan, and Africa, exploiting deepfake technology and evading enforcement through corrupt
cbsnews.com
· 2025-12-07
The FBI is warning about a surge in AI-enabled scams that have drained over $1 billion from seniors' retirement accounts, with fraudsters using artificial intelligence to impersonate loved ones or financial institutions via phone calls and emails. While seniors are primary targets due to having more cash available, experts note that 73% of Americans may face fraud attempts, and recommend protection strategies including regular password changes, avoiding sharing personal information over the phone, verifying requests through third parties, and being wary of pressure to act quickly or deals that seem too good to be true.
ghanaiantimes.com.gh
· 2025-12-07
Ghana's Immigration Service repatriated 32 West African nationals (24 Nigerians and 8 Togolese, aged 18-35) who were arrested during coordinated operations in the Volta Region and suspected of operating romance scams and other cyber fraud. The individuals were treated as human trafficking victims after investigations revealed they had been lured through false job offers on social media and coerced into cybercrime by kingpins who smuggled them into Ghana through unapproved routes. Authorities recovered 33 mobile phones and other equipment, and ongoing investigations aim to identify the masterminds while the GIS warns the public to report suspicious activities and landlords to conduct proper
mk.co.kr
· 2025-12-07
A Busan District Court sentenced three Korean men to two years and four months in prison for operating a romance scam call center in Cambodia that defrauded 13 victims of over 580 million won ($450,000+ USD) through 119 fraudulent transactions between July 3-24, 2023. The criminal organization, run by a Chinese leader with offices in Cambodia and Laos, forced employees to work 12-hour shifts under intense surveillance with armed guards, held "hostages" (employees' friends) to prevent workers from leaving, and charged $10,000 fines to those who tried to withdraw from the operation. The romance scam scheme used fake female photos
mhnse.com
· 2025-12-07
A Busan court convicted three Korean nationals of operating an organized romance scam call center in Cambodia that defrauded 13 victims of approximately 580 million won (USD 437,000) through fake female profiles on social media between July 3-24. The defendants worked for a Chinese-led criminal syndicate running heavily armed call centers in Cambodia and Laos, where employees endured 12-hour shifts under strict surveillance, phone bans, and threats including hostage-taking and USD 10,000 penalties to prevent escapes. The court imposed prison sentences of 2 years 4 months to 3 years 2 months, noting the severe
maltatoday.com.mt
· 2025-12-07
A 70-year-old Maltese woman named Maria lost €568,000 in a romance scam after meeting a man on Facebook who claimed to be a surgeon in Gaza; over six months, she made 39 bank transfers to various accounts and even mailed €8,000 cash in a teddy bear to Germany before customs intercepted it. Her case exemplifies a surge in online fraud affecting Malta, with Bank of Valletta alone reporting €5.3 million in losses to clients by September 2024 (double the 2024 total), while an additional €2.2 million was prevented from being fraudulently transferred. Experts note that reported figures likely represent
fallriverreporter.com
· 2025-12-07
Charles Uchenna Nwadivid, a 35-year-old Nigerian national, was sentenced to two years in prison for orchestrating romance scams that defrauded at least six victims of over $2 million between 2016 and 2019. He pleaded guilty to mail fraud, money laundering, and aiding and abetting money laundering after being arrested at Dallas-Fort Worth International Airport in April 2025, and was ordered to pay $2,724,810.41 in restitution. Nwadivid created fake online dating profiles to build trust with victims, then convinced them to send money or transfer funds to cryptocurrency accounts under his
timesofindia.indiatimes.com
· 2025-12-07
A 76-year-old man from Kolkata was defrauded of Rs 57.2 lakh by scammers who posed as senior government officials using fake social media profiles and specialized apps, employing a combination of investment and digital arrest scams with forged documents. The fraudsters threatened the victim when he discovered the deception, and police initiated an investigation with cyber cell assistance to trace the perpetrators and recover the funds. The incident highlights how elderly individuals' unfamiliarity with digital platforms, trust in authority figures, and emotional vulnerabilities make them particularly susceptible to such targeted fraud schemes.
cnn.com
· 2025-12-07
Crypto ATM machines at convenience stores across the U.S. have become primary tools for scammers targeting Americans, particularly seniors, who are tricked into depositing cash to resolve fabricated legal or financial emergencies. In one Arizona location alone, at least a dozen victims lost $118,000 in a year, including four people defrauded of a combined $54,000 in just four days. The crypto ATM companies profit significantly from these frauds through 20-30% markups on cryptocurrency transactions while largely failing to implement fraud-prevention measures, refusing victim refunds, and lobbying against protective legislation—with the FBI reporting Americans lost approximately $240 million to such scams in
amac.us
· 2025-12-07
Inheritance scams deceive victims into believing a deceased relative left them money, then request payment for taxes or fees that never result in any funds being returned. A 41-year-old Nigerian man, Ehis Lawrence Akhimie, pleaded guilty to defrauding over 400 elderly and vulnerable Americans of more than $6 million through personalized letters falsely claiming to be a Spanish bank representative; he and eight co-defendants received prison sentences. To protect against these scams, seniors should recognize red flags like unsolicited claims, requests for personal information or unusual payment methods, and pressure tactics, and should report suspected fraud immediately to the FTC or law enforcement.
express.co.uk
· 2025-12-07
A US-UK joint operation seized 19 London properties worth over £100 million that were purchased by Southeast Asian crime networks using proceeds from industrial-scale scam centres based in Cambodia and Myanmar. The criminals, led by Chen Zhi, operated romance scams and fraudulent cryptocurrency schemes that victimized vulnerable people into handing over large sums, while also exploiting trafficked workers forced to conduct online fraud under threat of torture. The sanctions freeze the network's assets and businesses, blocking their access to the UK financial system.
independent.co.uk
· 2025-12-07
UK and US authorities seized a record $15 billion in bitcoin and 19 luxury London properties in a joint crackdown on a criminal network operating romance scam centres across south-east Asia. The network, led by Cambodian businessman Chen Zhi and his Prince Holding Group, lured victims into fake romantic relationships and fraudulent cryptocurrency investment schemes, often employing trafficked foreign nationals forced to commit fraud under threat of torture. Romance scams cost the UK at least £92 million in 2023-2024, with over 8,000 reported cases that year.
bankingjournal.aba.com
· 2025-12-07
The Financial Crimes Enforcement Network finalized a rule barring Cambodian firm Huione Group from the U.S. financial system due to its role as a money laundering conduit for romance scams and other cybercrimes. Simultaneously, the Treasury Department sanctioned 146 targets within the Cambodia-based Prince Group Transnational Criminal Organization for operating online investment scams targeting Americans and people worldwide.