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in Money Mule / Laundering
news9live.com
· 2025-12-08
A 78-year-old Mumbai woman lost Rs 1.5 crore (approximately $180,000 USD) to cybercriminals posing as Delhi Police Special Investigation Team officers who falsely accused her of money laundering and drug offences after she sent a courier package to her daughter in the United States. The scammers conducted fake video calls in police uniforms with forged documents, pressuring her to transfer funds to "secure" her assets during the purported investigation. She discovered the fraud only after discussing the incident with a family member and reported it to Mumbai Police Cybercrime Cell, which noted the scammers had distributed the stolen funds across multiple accounts.
hindustantimes.com
· 2025-12-08
A 78-year-old woman in Mumbai lost ₹1.5 crore to scammers posing as Delhi Special Investigation Team (SIT) officers in a "digital arrest" fraud, where they falsely claimed she was under investigation for money laundering and threatened her with criminal action. The fraudsters manipulated her through staged video calls with fake warrants and pressured her into transferring ₹1.15 crore to their accounts before she discovered the scam through conversation with a relative and reported it to police.
livemint.com
· 2025-12-08
A 78-year-old woman from South Mumbai lost ₹1.51 crore in a cyber scam where fraudsters impersonated police officials and government representatives, claiming she was under investigation for money laundering and drug offenses. The scammers initiated contact by falsely claiming illegal items were in a courier package she sent to her daughter in the US, then convinced her to transfer funds to protect her assets through forged documents and video calls with actors in police uniforms. She discovered the fraud only after discussing the situation with family and reported it to authorities; police advise the public to verify caller identities and avoid sharing personal details over the phone.
indiatoday.in
· 2025-12-08
A 78-year-old woman from Mumbai lost Rs 1.5 crore after scammers posing as Delhi police and government officials convinced her she was under investigation for money laundering and drug trafficking in connection with a food courier package sent to her daughter in the US. The fraudsters conducted video calls in fake police uniforms, showed fabricated arrest warrants and investigation reports, and pressured her into revealing banking details and transferring the money to their accounts. She discovered the scam only after discussing it with a family member and reported it to Mumbai Police's Cybercrime Cell.
indianexpress.com
· 2025-12-08
A 78-year-old woman in South Mumbai lost Rs 1.51 crore to online fraudsters who impersonated Delhi Police officials and courier company staff, claiming her parcel to the US contained drugs and currency. The scammers coerced her into transferring the money by threatening arrest and showing forged legal documents during video calls. The Mumbai cyber police have registered a case for extortion, cheating, and criminal intimidation and are investigating through bank account details and call records.
justice.gov
· 2025-12-08
Rebecca C. Lutzko announced her resignation as U.S. Attorney for the Northern District of Ohio, effective January 3, 2025, with First Assistant U.S. Attorney Carol M. Skutnik assuming the role. During her tenure leading approximately 175 prosecutors and staff, Lutzko's office oversaw prosecutions involving violent crime, organized gang activity, financial crime, public corruption, drug trafficking, child exploitation, and cybercrime, while also recovering tens of millions of dollars in healthcare fraud and civil cases across Ohio's 40 northern counties.
timesofindia.indiatimes.com
· 2025-12-08
Two retired government employees in Mumbai fell victim to separate digital arrest scams in November. A 68-year-old retired banker lost Rs 1.2 crore after being threatened with false allegations of money laundering and terrorism, while a 74-year-old retired Income Tax officer was defrauded of Rs 25 lakh through fake letters from the I-T department and RBI claiming involvement in a money laundering case. Both victims were isolated through video calls and threatened with arrest before liquidating their savings, though the second victim eventually recognized inconsistencies in the fraudulent documents and reported the scam to police.
justice.gov
· 2025-12-08
The U.S. Attorney's Office for the Northern District of Ohio highlighted its 2024 elder fraud prosecutions as part of the Department of Justice's Elder Justice Initiatives, noting that senior citizens lose billions annually to schemes exploiting their trust. Notable cases included a caregiver who forged power of attorney documents and stole $46,064 from a nursing home resident, a Ponzi scheme that defrauded 72 investors of $8.5 million, and various impersonation and money-mule schemes targeting elderly victims, with sentences ranging from 16 months to 37 months in prison and restitution orders totaling hundreds of thousands of dollars.
hongkongfp.com
· 2025-12-08
Hong Kong police arrested 31 people operating a deepfake-enabled romance and cryptocurrency investment scam that targeted victims in Taiwan, Malaysia, and Singapore, resulting in losses exceeding HK$34 million. The syndicate recruited local youth to pose as attractive women on dating apps using deepfake technology, building trust with victims before convincing them to invest in fake cryptocurrency platforms. Five leaders were charged with conspiracy to defraud and money laundering, while authorities plan international cooperation to pursue further investigations.
dlnews.com
· 2025-12-08
Hong Kong authorities dismantled a criminal syndicate that used deepfake technology and dating apps to defraud victims across Taiwan, Singapore, and Malaysia of over HK$34 million. The operation involved 31 arrested individuals who created fake online personas using AI-generated images to establish romantic relationships with victims, then manipulated them into investing in fraudulent cryptocurrency platforms where withdrawal attempts were blocked by fake fees. This "pig butchering" scam operation is part of a global trend that siphoned $4.4 billion in 2023, with authorities seizing HK$100 million in suspected criminal assets.
dnaindia.com
· 2025-12-08
Popular YouTuber Ankush Bahuguna fell victim to a digital arrest scam in January 2024, during which scammers held him hostage for approximately 40 hours by impersonating customs officials and police officers. The scammers manipulated him through fake calls claiming illegal items were found in a package sent to China, threatened him with serious criminal charges including money laundering and drug trafficking, and extracted money from him while causing significant financial and mental health damage. Bahuguna publicly shared his experience on Instagram to raise awareness about the growing threat of digital arrest scams and how extensively scammers can control victims.
m.economictimes.com
· 2025-12-08
Vidya, a marketing consultant, lost Rs 6 crore to a "digital arrest" scam in September 2024 in which criminals posing as officials convinced her to liquidate assets and transfer funds while keeping her under fake video surveillance. Through persistent follow-up with law enforcement, bank connections, and court orders, she recovered approximately Rs 60.4 lakh (about one-tenth of the loss), though the case reveals significant systemic failures in money tracing, inter-agency coordination, and bank accountability in recovering scammed funds.
hindustantimes.com
· 2025-12-08
YouTuber Ankush Bahuguna fell victim to a digital arrest scam in which scammers impersonated law enforcement, falsely claiming he was involved in illegal package shipping, money laundering, and drug trafficking, and held him under "digital arrest" for approximately 40 hours while coercing him to isolate from the outside world. The scam began with an automated call about a cancelled courier delivery, escalated through manipulation using his personal information, and resulted in financial losses and significant mental health impacts. Bahuguna publicly shared his experience to raise awareness and educate others about the sophisticated tactics scammers use to control and panic victims into compliance.
timesofindia.indiatimes.com
· 2025-12-08
Ankush Bahuguna, a popular YouTuber, fell victim to a sophisticated digital arrest scam lasting 40 hours after receiving a fraudulent call claiming a package in his name contained illegal items. The scammers impersonated police officers via video call, accused him of money laundering and drug trafficking, isolated him from outside contact, and attempted to coerce him into making suspicious bank transactions before a friend's intervention helped him recognize the fraud. Bahuguna publicly shared his experience to raise awareness about this type of threatening scam and encourage others to remain vigilant against similar fraudulent calls.
startupnews.fyi
· 2025-12-08
A victim named Bahuguna fell prey to a "digital arrest" scam after answering a spoofed international call claiming his courier delivery was cancelled. Scammers convinced him that a package in his name contained illegal items, fabricated an arrest warrant, impersonated a police officer via fake video call, and coerced him into isolating himself in a hotel while threatening serious consequences for money laundering and drug trafficking charges. The victim suffered financial losses and severe mental health impacts, but friends' intervention helped him recognize the fraud; he now advocates awareness and vigilance, noting that cybercriminals use personalized research and panic tactics to manipulate victims into complying with their demands.
cnbctv18.com
· 2025-12-08
YouTuber Ankush Bahuguna fell victim to a "digital arrest" scam in which fraudsters impersonating law enforcement held him hostage for nearly 40 hours, claiming he was linked to illegal items and threatening arrest for money laundering and drug trafficking. The scammers used spoofed phone numbers, fake police officers in video calls, and personal information to manipulate him into isolating himself at a hotel and causing significant financial and mental distress. Bahuguna shared his experience publicly to raise awareness, urging people to verify suspicious calls directly with authorities and emphasizing that scammers use personalized research to exploit victims through panic and fear.
wsvn.com
· 2025-12-08
Cristine Petitfrere, a 30-year-old from Miramar, Florida, was sentenced to 30 months in federal prison for laundering over $2.7 million in proceeds from romance scams that defrauded American victims. She pleaded guilty to money laundering conspiracy and was ordered to forfeit $203,815.59 in personal profits after funneling victim funds to overseas co-conspirators through schemes involving fake online personas used to solicit money for false emergencies and investment opportunities.
nasdaq.com
· 2025-12-08
Cristine Petitfrere, a Florida resident, was sentenced to 30 months in prison for laundering over $2.7 million from romance scams, earning hundreds of thousands in fees while working with a co-conspirator. Romance scams caused Americans $1.14 billion in losses in 2023, with elderly and vulnerable individuals disproportionately affected by both the financial losses and emotional harm.
cbsnews.com
· 2025-12-08
Cristine Petitfrere, a 30-year-old South Florida woman, was sentenced to 30 months in federal prison for laundering over $2.7 million from romance scam victims, keeping a portion for herself while transferring the remainder to overseas conspirators. Romance scams involve fraudsters establishing fake online relationships to manipulate victims into sending money under false pretenses such as emergencies or investment opportunities. Petitfrere was ordered to forfeit $203,815.59 in personal proceeds.
in.mashable.com
· 2025-12-08
31-year-old YouTuber Ankush Bahuguna lost Rs 2.5 lakhs in a "digital arrest" scam that began with a fake automated call about a cancelled courier delivery. After pressing zero to connect with "customer service," scammers fabricated claims of illegal items in a package allegedly sent by him, then transferred the call to WhatsApp video where an impersonator dressed as a police officer accused him of money laundering and drug trafficking while threatening his family and keeping him under "self-custody" surveillance for 40 hours. Bahuguna was freed from the ordeal only when a concerned friend alerted him to similar cases circulating online.
news18.com
· 2025-12-08
Social media influencer Ankush Bahuguna fell victim to a digital arrest scam in which fraudsters posed as law enforcement officials via WhatsApp video call, falsely accused him of money laundering and illegal package delivery, and held him in psychological captivity for 40 hours while coercing him to make financial transactions and isolating him from contacting others. After publicly sharing his experience to raise awareness, Bahuguna responded to critics by emphasizing that scammers conduct personal research to exploit victims' vulnerabilities, and urged people to educate others about the scam rather than dismiss victims as foolish.
irs.gov
· 2025-12-08
The IRS typically initiates contact by mail and provides guidance on legitimate contact methods including email, text, phone, fax, and rare in-person visits, all of which require prior notification except for criminal investigations. The IRS warns against impersonators by clarifying what it does not do: direct message on social media, accept gift cards or prepaid debit cards as payment, use threatening automated calls directing to non-IRS websites, or demand citizenship documents or business licenses. Legitimate IRS employees carry official identification, and taxpayers can verify visits through Letter 725-B for revenue officers or use the Employee Verification Tool to confirm Criminal Investigation special agents.
regtechtimes.com
· 2025-12-08
Cristine Petitfrere, a 30-year-old from Miramar, Florida, was sentenced to 30 months in prison for conspiring to launder over $2.7 million stolen from romance scam victims. She helped funnel money from these schemes to international criminals and kept $203,815.59 for herself, which she was ordered to forfeit as part of her sentence. Romance scams—where fraudsters create fake online personas to deceive victims into sending money—disproportionately affect vulnerable populations including the elderly who lose savings and retirement funds.
kclyradio.com
· 2025-12-08
A Wichita man in his mid-70s lost $15,000 to a multi-agency impersonation scam in which fraudsters posing as Amazon, Social Security Administration, and U.S. Marshals Service officials falsely accused him of money laundering and instructed him to purchase bitcoin as "proof" of innocence. Bank employees intervened before additional funds could be transferred, prompting a police report and FBI notification. Authorities warn that legitimate government agencies and major corporations never contact citizens by phone to claim account compromises or request money transfers.
americanbanker.com
· 2025-12-08
**Scam Type:** Account takeover and wire fraud following inheritance receipt
**What Happened:** An 86-year-old widow received a life insurance check after her husband's death in July. Within days, a fraudster opened two bank accounts using her name and stole the funds by transferring them between the accounts. The theft was discovered on August 11, and the money was eventually recovered with help from the U.S. Secret Service and Palm Beach County Police—a rare outcome, as most victims do not recover stolen funds.
**Key Issue:** The article highlights systemic banking vulnerabilities including inconsistent anti-fraud regulations, lack of document authentication tools to detect forgeries, an
ottawa.citynews.ca
· 2025-12-08
Ontario Provincial Police reported that scammers in the east region are using multiple fraud schemes, including a recent case where a business employee was manipulated into withdrawing cash and depositing it into a Bitcoin machine in Peterborough. The top scams targeting the region include cryptocurrency investment fraud ("get rich quick" schemes), bank investigator fraud, romance scams, and identity theft/phishing attacks, with Canadians losing an estimated $638 million to fraud in 2024, though actual losses are likely much higher due to significant underreporting.
theglobeandmail.com
· 2025-12-08
In June 2021, a Toronto woman lost approximately $355,000 in a romance fraud scheme after being befriended on Facebook by a man posing as "Moshe Theodor McNigh" who convinced her to invest in bitcoin through a fraudulent website; the scammer was later identified as Nigerian national Omonkhoa Precious Afure and arrested by Nigerian authorities, resulting in the recovery of $225,000 in December 2021. Romance fraud represents the second-highest-grossing scam type in Canada with $37.2 million in reported losses as of September 2024, characterized by perpetrators grooming vulnerable victims over weeks or months, building trust, an
krdo.com
· 2025-12-08
A man in his 70s in Wichita, Kansas, lost $15,000 to a scam in which fraudsters impersonated Amazon, the Social Security Administration, and the U.S. Marshals Service, falsely claiming his account was compromised and involved in money laundering. The victim was instructed to withdraw cash and purchase bitcoin at two separate locations in Newton before bank employees recognized the scheme and alerted authorities. The Sedgwick County District Attorney's office warns that legitimate government agencies and companies will never call to report hacked accounts or request money transfers.
hayspost.com
· 2025-12-08
A Wichita man in his mid-70s lost $15,000 in summer 2024 to a scam involving impersonators claiming to be from Amazon, Social Security Administration, and U.S. Marshals Service who falsely accused him of money laundering and instructed him to withdraw cash and purchase bitcoin. Bank employees recognized the fraud when the victim returned for a second withdrawal and alerted him to the scam, leading to reports filed with local police and the FBI. The District Attorney's Office warned that legitimate government and corporate entities never call to report hacked accounts or request money transfers.
wbur.org
· 2025-12-08
Judith Boivin, an 80-year-old Maryland retiree, lost $600,000 of her life savings in an elaborate government impersonation scam in September 2023. Scammers posing as FBI and local police officers convinced her that her Social Security number was being used for drug trafficking and money laundering, then persuaded her to withdraw her retirement funds in cash under the guise of assisting a federal investigation. This case exemplifies a broader trend of sophisticated scams targeting well-meaning Americans, particularly those with caregiving backgrounds and strong civic values.
justice.gov
· 2025-12-08
This press release does not summarize a scam, fraud case, or elder abuse incident suitable for the Elderus database. Instead, it announces the retirement of James M. Warden, the longest-serving Assistant U.S. Attorney in the Southern District of Indiana's 97-year history. While the release mentions various prosecutions Warden handled throughout his nearly 40-year career—including bank fraud, money laundering, public corruption, and bank robbery—it is a personnel announcement rather than coverage of a specific fraud or elder abuse case.
wired.com
· 2025-12-08
Internet scams cost Americans $12.5 billion in 2023, with Authorized Push Payment (APP) fraud being the most prevalent scam in the UK, costing £459.7 million annually and involving fraudsters persuading victims to transfer money under false pretenses. Mastercard has developed AI-powered tools, including its Consumer Fraud Risk Tool and Decision Intelligence technology, that analyze transactions for fraud indicators and can block fraudulent attempts in 50 milliseconds, with UK banks using these systems reporting a 12 percent reduction in APP scam losses. The technology uses machine learning and generative AI to detect emerging fraud patterns while protecting consumer privacy and could prevent nearly £100 million in scam-relate
arynews.tv
· 2025-12-08
A 28-year-old software engineer in Bengaluru, India, lost Rs 1.2 crore (approximately $144,000 USD) in a "digital arrest" courier scam that began in December 2024 when she received a fraudulent call claiming she was involved in money laundering and had illegal items in a package. The scammer pressured her to transfer funds from her investments, borrowed money, and savings to verify her financial assets, promising a refund once her case was resolved, before disappearing with the funds. Police have opened an investigation into the case.
justice.gov
· 2025-12-08
Three defendants—Gemma Traya Austin of Chula Vista and Michael Cris Traya Sordilla and Bryan Navales Tarosa of the Philippines—were charged with operating a book publishing scam that defrauded more than 800 elderly authors of approximately $44 million between September 2017 and December 2024. The scammers falsely represented that their company, PageTurner, could publish victims' books or sell them to major studios and streaming services, but demanded upfront payments for taxes and fees before any publication or optioning could occur. All three defendants face charges of conspiracy to commit mail and wire fraud and money laundering conspiracy, with
wng.org
· 2025-12-08
Connie Grundmann lost her entire life savings of $98,400 to a government impersonation scam that began with a fake Microsoft security alert on her computer in spring 2023. A scammer posing as an FTC agent named "Alvaro Bedoya" convinced her through fear and fake verification methods to purchase gift cards, withdraw cash from ATMs, and deposit funds into Bitcoin over three days. The FTC reported that consumers lost $76 million to government impersonation scams in 2023, while the FBI documented that tech support scam victims lost nearly $1 billion that same year, with actual losses likely much higher due to underreporting.
bernama.com
· 2025-12-08
Two women in Pahang were defrauded of RM327,829.36 by scammers impersonating police officers and Bank Negara Malaysia officials. A 66-year-old retail shop owner lost RM216,175.88 after being convinced she had legal issues and instructed to transfer funds from multiple accounts for an "investigation," while a 62-year-old retired teacher lost RM111,653.48 through 17 transactions after being told she had unpaid credit card charges. Police advised the public to verify suspicious claims directly with authorities rather than responding to unsolicited calls.
justice.gov
· 2025-12-08
Clifton C. James, a 50-year-old New Orleans resident, pled guilty to COVID-19 relief fraud involving false statements to obtain an $86,800 Paycheck Protection Program (PPP) loan and stealing $149,900 from the Small Business Administration through a fraudulent Economic Injury Disaster Loan application, which he then laundered by purchasing an automobile. James also filed a false tax return claiming only $1.00 in income for 2019 and faces sentencing on April 23, 2025, with potential penalties including up to 10 years in prison and $250,000 in fines per charge.
chulavistatoday.com
· 2025-12-08
Three individuals—Gemma Traya Austin (Chula Vista), Michael Cris Traya Sordilla, and Bryan Navales Tarosa (Philippines)—were arrested and federally charged for orchestrating a publishing fraud scheme that defrauded over 800 senior authors of nearly $44 million between 2017 and 2024. Operating through PageTurner Press and Media LLC and Innocentrix Philippines, the defendants solicited victims with false promises of publishing deals and Hollywood film adaptations, then convinced them to pay upfront fees for taxes and processing that were never legitimate. All three face charges of conspiracy to commit mail and wire fraud and money laundering
the-sun.com
· 2025-12-08
A 53-year-old French interior designer was defrauded of approximately £697,000 (€775,000) by a Nigerian scammer impersonating Brad Pitt through a romance con lasting over a year, involving AI-generated photos and fake cancer treatment requests. The scammer, who was tracked down and found to be part of a small group operating from Nigeria with at least 34 victims, has since moved on to impersonating other celebrities like Keanu Reeves; the victim has since lost her marriage, home, and mental health, attempting suicide multiple times.
amp.scmp.com
· 2025-12-08
An 18-year-old University of Hong Kong student lost HK$9.2 million (US$1.1 million) in a phone scam in which fraudsters impersonated a mobile phone company worker and a Shanghai public security officer, convincing her she was involved in a money laundering case and directing her to make 14 transfers between December 2 and January 4. Police launched a manhunt for at least two suspects, and the incident reflects a sharp rise in scams targeting university students, with monthly victims increasing from 24 to 91 between September and October.
taipeitimes.com
· 2025-12-08
In the fourth quarter of last year, Taiwan reported NT$37.19 billion (US$1.23 billion) in fraud losses, with investment scams accounting for 56.9 percent of total losses and affecting 1,242 victims, predominantly women over 50 (516 cases). Criminals used social media advertisements and messaging apps to recruit victims into fake investment groups, while romance scams and impersonation schemes targeting bank/government officials also contributed significantly to losses, with victims taking 2 months to 2 years to discover they had been defrauded.
newskarnataka.com
· 2025-12-08
A 67-year-old Bengaluru retiree lost ₹35.3 lakh to scammers impersonating income tax officials who called claiming he owed back taxes and threatened arrest. The fraudsters used fake documents, intimidation tactics, and threats involving his family to coerce him into transferring funds across multiple accounts before he discovered the deception. Bengaluru police advise citizens to verify official communications directly with authorities, avoid sharing personal information with callers, and report suspicious calls immediately, as this "digital arrest" scam represents an evolving cybercrime threat against older adults.
thewhistler.ng
· 2025-12-08
Oba Otudeko, chairman of Honeywell Group, along with a former First Bank Managing Director and others, faced arraignment before a Federal High Court in Lagos on charges of alleged N12.3 billion fraud involving money laundering and obtaining funds under false pretence between 2013 and 2014. The court hearing was adjourned until February 13, 2025, after defendants' lawyers protested that their clients had not been properly served the charges despite media announcements of the arraignment, with the prosecution stating they would proceed with substituted service at last known addresses.
goldrushcam.com
· 2025-12-08
Three defendants were charged by federal grand jury for operating PageTurner, a fake book publishing scheme that defrauded over 800 elderly authors of approximately $44 million between September 2017 and December 2024. The scammers, including Gemma Traya Austin of Chula Vista and two Philippine-based executives, contacted victims unsolicited and falsely promised that their books would be published or turned into films if they paid upfront fees for taxes and transaction costs. All three defendants were arrested in December 2024 and face charges including mail and wire fraud conspiracy and money laundering conspiracy.
cbsnews.com
· 2025-12-08
Three Chicago-area residents involved in a romance scam network that bilked victims of over $3.5 million were sentenced, with one receiving probation and two receiving 10 and 20-year prison sentences respectively. The case centered on 57-year-old Laura Kowal from Illinois, who sent nearly $2 million to a fraudulent online persona called "Frank Borg" over almost two years before her death; the scammers, based in West Africa, used the defendants as "money mules" to launder the stolen funds. The sentencing highlighted the growing use of accomplices to facilitate romance scams and the devastating impact on victims and their families.
news.outsourceaccelerator.com
· 2025-12-08
Three individuals—two executives from a Cebu-based BPO company (Innocentrix Philippines) and their U.S. associate—were arrested in December 2024 for operating a $44 million book publishing scam that defrauded over 800 elderly authors between 2017 and 2024. The scheme used PageTurner Press and Media LLC as a front company, falsely promising to adapt victims' books into Hollywood films or television series while collecting upfront fees for nonexistent services. The defendants face charges of mail and wire fraud conspiracy and money laundering conspiracy, each carrying potential penalties of up to 20 years in prison and fines up to $
aba.com
· 2025-12-08
I cannot provide a meaningful summary of this content. What you've shared appears to be a navigation menu or directory structure from a banking association website (likely the American Bankers Association), listing topic categories, conferences, training programs, and committees. It does not contain an article or narrative about a specific scam, fraud case, or elder abuse incident that would be suitable for the Elderus database.
To assist you, please provide an actual article or transcript describing a fraud case, scam, or elder abuse situation.
aba.com
· 2025-12-08
The American Bankers Association Foundation and U.S. Postal Inspection Service released educational infographics on money mule scams and check fraud, which have been rising in recent years. Money mule scams involve criminals using others' bank accounts to launder illegal funds, often recruited through fake job postings and online platforms, while check fraud targets businesses through stolen, altered, or counterfeit checks. Both organizations provided consumer and business protection recommendations, including monitoring accounts, avoiding unofficial money transfers, limiting access to sensitive information, and using bank fraud prevention services.
citybeat.com
· 2025-12-08
Pamela Moore, a 66-year-old grandmother with no prior criminal record, was sentenced to 24 months in prison in August 2024 for money laundering related to online romance scams. Between 2020 and 2023, Moore's bank accounts received over $8 million in criminally derived funds from romance scammers nationwide, and she personally converted approximately $1.7 million to Bitcoin at the scammers' direction. Moore herself had initially lost six figures to the same scammers after becoming emotionally vulnerable following her husband's death in 2015, eventually being manipulated into laundering their illicit proceeds through a fraudulent shell company.
aba.com
· 2025-12-08
The American Bankers Association Foundation launched its 2025 financial education campaigns as part of a three-year commitment to reach five million Americans, celebrating the organization's 100th anniversary. The Foundation's four national initiatives—Teach Children to Save, Get Smart About Credit, Safe Banking for Seniors, and Lights, Camera, Save!—provide free resources to banks and their employees, with new content for 2025 including updated materials on fraud prevention, cryptocurrency investment scams, money mule scams, and check fraud. Since 2023, nearly 40,000 bank volunteers from 1,115 banks have reached 1.7 million people through these programs.