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wgal.com
· 2025-12-08
The Federal Trade Commission warned of investment scams on social media where hackers compromise victims' accounts to post bank account screenshots and fake investment opportunities promising quick returns with little risk, typically requesting a few hundred dollars via cryptocurrency or payment apps before blocking the victim. The FTC advises consumers to resist pressure to act immediately, research companies using terms like "scam" or "fraud," and remember that no legitimate investment guarantees returns. Victims should alert their compromised contacts directly in case their accounts have been hacked.
yahoo.com
· 2025-12-08
Nirav Patel was sentenced to 12 years in federal prison for his role in an imposter scam that defrauded multiple elderly victims across the Midwest of thousands of dollars in life savings. Patel, operating from Chicago, would collect money and gold from victims after scammers impersonating federal agents threatened them with identity theft and legal consequences, sometimes calling up to 12 times daily; the collected funds were then sent to accounts in India. In 2024, gold bar schemes similar to this operation stole $219 million nationally, making imposter scams the most common type of criminal scheme as of March 2025.
wave3.com
· 2025-12-08
AARP hosted its Summer Scam Jam event in Louisville, Kentucky to educate seniors about rising fraud schemes, as reported losses reached $12.5 billion in 2024. One victim, Mary Ellen Strange, lost approximately $378,000 over seven weeks to an Amazon impersonation scam that used fear tactics and false law enforcement claims, leaving her facing additional IRS debt. Common fraud schemes include impersonation scams (family members, law enforcement, and customer service representatives), and AARP stressed that anyone regardless of education level can become a victim.
theaustraliatoday.com.au
· 2025-12-08
The Australian Federal Police reported a sharp rise in cryptocurrency ATM scams between January 2024 and January 2025, with 150 reported cases resulting in losses exceeding $3.1 million (averaging over $20,000 per victim), though authorities suspect significant under-reporting. Investment scams were most common, followed by extortion and romance scams, predominantly affecting women and people over 51. The AFP, AUSTRAC, and JPC3 have launched a joint taskforce and are placing warning materials at crypto ATM locations, urging the public to avoid sending cryptocurrency to strangers and to report suspicious activity.
ia.acs.org.au
· 2025-12-08
Australian police warned of a surge in cryptocurrency ATM scams, with 150 reported incidents in 2024 resulting in approximately $3.1 million in losses, averaging over $20,000 per scam. Investment scams were the most common type, with 72 victims aged over 51, and one elderly man lost $1.4 million in a romance scam involving crypto ATMs. In response, financial watchdog AUSTRAC implemented new regulations including $5,000 transaction limits, mandatory scam warnings, and enhanced customer due diligence requirements for crypto ATM operators.
newscop.com.au
· 2025-12-08
Women aged 50 and older account for the majority of crypto ATM scam victims in Australia, with 150 reports received over 12 months (January 2024-2025) totaling $3.1 million in losses, averaging over $20,000 per report. The most common scams involved investments (63 cases), extortion emails (35), and romance scams (24), with authorities warning that actual losses are likely significantly underreported due to victim embarrassment or lack of awareness. The AFP recommends vigilance against common warning signs including unsolicited requests to use crypto ATMs, promises of guaranteed high returns, and pressure from new romantic partners or strangers to invest
wired.com
· 2025-12-08
Scammers are increasingly using AI-generated deepfakes in real-time video calls to conduct romance scams, cryptocurrency fraud, and other schemes, with experts reporting a dramatic rise from approximately 4-5 cases monthly in 2023 to hundreds per month currently. Notable victims include a Hong Kong finance worker who lost $25 million to a deepfaked CFO impersonation and a New Zealand retiree defrauded of $133,000 through a cryptocurrency scam using a deepfaked government official. As AI tools become more accessible and capable of creating realistic faces and voices, deepfake fraud is expanding to encompass job interview scams, identity theft for banking and housing
scmp.com
· 2025-12-08
The US Treasury Department sanctioned Philippine tech firm Funnull Technology Inc. and Chinese administrator Liu Lizhi for providing infrastructure that supported over 332,000 domains used in "pig butchering" cryptocurrency investment scams that defrauded victims of approximately $200 million total, with individual losses averaging $150,000 each. The scams used fake cryptocurrency platforms to systematically target vulnerable individuals, with internal documents showing the company deliberately distributed domains to cybercriminals for fraudulent schemes including phishing and online gambling.
explodingtopics.com
· 2025-12-08
In 2025, scams affect billions globally: approximately 608 million people fall victim to scams annually worldwide, while in the US alone, 34% of adults experienced scams in the past year with losses exceeding $12.5 billion (a 25% increase year-over-year). The most common scam methods are phone calls and SMS messages, followed by email, with romance scams causing the highest average losses at $2,000 per victim, while identity theft remains the most prevalent scam type in the US.
finance.yahoo.com
· 2025-12-08
In 2024, 2.6 million U.S. consumers reported $12.5 billion in losses to fraud—a 25% increase from 2023—with investment scams ($5.7 billion) and imposter scams ($2.95 billion) comprising the largest categories. Notably, government imposter scams and business/job opportunity fraud showed significant growth, and consumers lost more money through bank transfers and cryptocurrency payments than through all other payment methods combined.
justice.gov
· 2025-12-08
Nirav B. Patel, a 44-year-old illegal immigrant from India, was sentenced to 12 years in prison for his role in an imposter scam that defrauded elderly victims across Wisconsin, Illinois, and Indiana of over $400,000. Patel served as a cash collector for the scheme, which involved fraudsters posing as federal agents and convincing elderly victims that their accounts were compromised, then pressuring them to withdraw life savings into fake government trust accounts; in one instance, he collected $177,000 in gold bars from an elderly woman using a walker at an assisted living facility. The scammers, based in India, use
whbc.com
· 2025-12-08
Ohio officials report that elder fraud complaints among older residents increased 20% in 2024, with over 300 cases filed, as scammers continue to target seniors through emails, texts, and phone calls to obtain fraudulent payments or account information. The state's Division of Securities urges affected individuals to report suspected financial scams immediately to law enforcement or the Division at 614-644-7381, and provides multiple resources including an investor protection hotline, Adult Protective Services, and an Elder Justice Unit to assist victims.
justice.gov
· 2025-12-08
A cryptocurrency investment scam targeting two victims resulted in approximately $563,000 in stolen funds, which the U.S. Attorney's Office for Northern District of Ohio is seeking to forfeit as 679,981.22 USDT tokens. A victim in Solon, Ohio lost roughly $500,000 after being contacted by someone posing as "Kristina Tian" on LinkedIn who gained his trust and directed him to transfer cryptocurrency to a fraudulent investment platform; an Arizona woman lost $63,000 (including $15,000 from her 401(k) and $48,000 from a home equity loan her daughter obtained) through a similar scheme initiated on a
timesofmalta.com
· 2025-12-08
Between 2022 and the present, 3,300 people and businesses in Malta lost more than €32 million to various online fraud schemes, including romance scams (67 victims lost €1.7 million), investment fraud (374 victims lost €5.6 million), e-commerce scams (over 1,000 victims lost €3.9 million), and bank impersonation scams (1,200 victims lost €1.5 million). A woman in her 70s was among the victims, losing €500,000 in a romance scam to someone posing as an engineer trapped in Turkey. Authorities emphasize that victims often experience shame and guilt,
expressvpn.com
· 2025-12-08
The Nigerian prince scam (also called a 419 scam) is an advance-fee fraud where scammers pose as foreign royalty or wealthy individuals and convince victims to pay upfront "processing fees" or "taxes" for access to promised large sums of money. Originating from 19th-century Spanish prisoner schemes and proliferating via email in the 1990s, the scam continues to victimize people daily despite widespread awareness, sometimes escalating to using victims as money mules for stolen funds. To protect yourself, remain skeptical of unsolicited contact from strangers claiming to need financial help, verify identities through official channels, never send money upfront, and avoi
afp.gov.au
· 2025-12-08
From January 2024 to January 2025, Australian authorities received 150 reports of cryptocurrency ATM scams resulting in $3.1 million in losses, with an average loss of $20,000 per victim; however, officials warn this likely represents significant under-reporting, as approximately $275 million moves through crypto ATMs annually in Australia. The victims were predominantly women (68%) and people over 51 years old (48%), who were targeted through investment scams, extortion emails, and romance scams that pressured them to deposit cash into crypto ATMs. Australian authorities are implementing educational campaigns near crypto ATMs to warn the public about common warning signs, including unsolicited deposit
foxnews.com
· 2025-12-08
Cybercriminals have evolved phishing tactics to create sophisticated subscription scam campaigns, with over 200 convincing fake online stores promoting products via Facebook ads to trick users into recurring credit card charges. These scams use tactics like mystery boxes, hidden fine print subscription terms, and layered add-ons (loyalty programs, VIP memberships) to confuse victims, with many sites traced back to a single Cyprus address linked to offshore entities. The fraudsters continuously rotate brands and product types—from counterfeit goods to fake supplements and investment schemes—while employing evasion techniques like rotating ad versions and image swaps to avoid detection.
whyy.org
· 2025-12-08
A Delaware woman lost $701,529 in gold bars between August 2023 and February 2024 after scammers posing as federal agents claimed her identity had been stolen and she was under investigation; they told her the Treasury would safeguard gold bars she purchased to resolve the matter. When authorities caught the scheme, they arrested Rakeshkumar Patel, an Indian national illegally residing in New York, who pleaded guilty after attempting to collect an additional $300,000 in gold in May 2024. The scam was part of a larger fraud operation targeting older affluent adults across Delaware, Pennsylvania, and New Jersey, with a combined loss of $2.1
metrophiladelphia.com
· 2025-12-08
A 36-year-old fiscal liaison at Community Options Inc., a nonprofit serving people with disabilities, stole over $103,000 from 15 Philadelphia seniors over a six-year period by issuing unauthorized checks, forging signatures, and withdrawing funds from clients' accounts. The fraud was discovered during an audit after the employee, Quay Fetherson of Bensalem, left the organization in 2023, and he was arrested and charged with 15 counts of financial exploitation of a care-dependent person, identity theft, theft, and forgery.
someecards.com
· 2025-12-08
A woman in her early 30s was targeted by a romance scam in which her online boyfriend of six months, claiming to work on an offshore oil rig in Dubai, requested $10,000 to cover a family emergency and asked her to borrow the money from coworkers and relatives. The victim's coworker recognized the classic scam indicators and warned her, eventually discovering that the victim had already sent the scammer $50-500 in smaller amounts over six months before the relationship ended when she couldn't provide the larger sum. The victim eventually acknowledged the scam after the "boyfriend" ghosted her when she proved unable to obtain the money.
vietnamnet.vn
· 2025-12-08
Scammers are increasingly using affordable AI-generated deepfake technology (costing as little as $25-30) to impersonate authorities, executives, and romantic interests in fraud schemes, with documented losses reaching tens of millions of dollars. The technology requires only a single photo and 20-30 second audio clip to create convincing fake videos, and criminals are automating attacks to target thousands of victims daily through social media platforms. Users can reduce their vulnerability by restricting photo visibility and friend lists on social networks, verifying video callers through lip-sync checks or physical actions, and exercising caution when sharing personal information online.
crowdfundinsider.com
· 2025-12-08
In 2024, cryptocurrency scams generated a record $12.4 billion in fraudulent revenue, with "pig butchering" romance and investment scams accounting for 33% of that total. Artificial intelligence has enabled scammers to operate at unprecedented scale through deepfakes, voice cloning, and automated phishing, with AI service vendors on illicit marketplaces earning $18 million alone. The U.S. Treasury sanctioned Philippines-based Funnull Technology Inc. in May 2025 for facilitating scams that defrauded American victims of over $200 million by providing infrastructure to cybercriminals.
yahoo.com
· 2025-12-08
Las Vegas police arrested 12 people involved in a $3 million courier scam that defrauded 24 victims who were tricked by fake security alerts into handing cash to fraudsters posing as couriers. Victims received spoofed emails, texts, or pop-ups mimicking banks or tech companies, convincing them their accounts or computers were compromised, then directed to give large sums to fake "security couriers" for safekeeping. Police urge additional victims to come forward immediately and recommend victims file reports with law enforcement and the FTC, freeze credit, update passwords, and monitor accounts.
hometownstations.com
· 2025-12-08
In 2024, Ohio's Division of Securities received 302 scam and fraud complaints from older residents, a 22% increase from 2023, with potential losses exceeding $60 million statewide. Most scams involved unknown individuals contacting seniors via email or text about cryptocurrency or compromised bank accounts, with warning signs including unexplained financial changes, new account additions, and uncharacteristic money transfers. Authorities recommend having conversations with seniors about red flags like urgency and secrecy, researching suspicious contacts independently, and reporting suspected exploitation to local law enforcement, the Division of Securities, or Adult Protective Services.
asiaone.com
· 2025-12-08
A 36-year-old doctor in Singapore nearly fell victim to an elaborate impersonation scam when fraudsters posing as Monetary Authority of Singapore (MAS) and police officers convinced her to transfer nearly $4 million for a fake anti-money laundering operation. Bank employees flagged a $29,999 transfer to a suspicious account and alerted real police, who intervened with an SMS from an official government account, helping the doctor recognize the scam and avoid financial loss. The incident highlights the sophistication of such schemes, which use fake credentials, video calls with official backdrops, and psychological manipulation to gain victim trust.
komonews.com
· 2025-12-08
Scammers are conducting door-to-door solar installation fraud across the U.S., promising "free" systems funded by tax credits and rebates while tricking homeowners into signing complex financing agreements worth tens of thousands of dollars—often without fully understanding the terms. Victims report losses of $30,000 to $85,000+, with many receiving poor-quality installations, defective products, or no solar equipment at all, while contracts with forced arbitration clauses prevent them from seeking legal recourse. Consumers should be wary of aggressive sales tactics, pressure to sign digital contracts quickly, and unverified claims about government programs and tax rebates.
timesobserver.com
· 2025-12-08
Lacy G. Abraham, a 39-year-old in-home caregiver in Warren, was charged with second-degree felony forgery and financial exploitation after stealing approximately $1,750 from an elderly client between October 2023 and May 2024, including forging checks and misappropriating a beneficiary check. The victim's financial harm was severe enough to cause her bank to close her checking account, and the case was initiated by the Area Agency on Aging in October 2024. Abraham was jailed with bail set at $25,000 after admitting during police interviews to cashing checks she kept for personal use rather than their intended purposes.
nationalaccordnewspaper.com
· 2025-12-08
**NNPC Cooperative Fund Misappropriation (Nigeria)**
Retired members of the Nigerian National Petroleum Company Limited cooperative in Lagos State alleged that management misappropriated their funds, with some members unable to access their savings for up to 10 years. The group cited a suspicious financial shift from a N96 million surplus in 2021 to an N806 million loss by 2022, and individual members reported missing contributions ranging from N10 million to N15 million, calling for a forensic audit and the removal of an illegally constituted caretaker committee.
whio.com
· 2025-12-08
This article explores the legal landscape of scams and fraud, explaining that while scamming is generally illegal, some deceptive practices exist in legal gray areas by technically offering a service or relying on consumer awareness. The article discusses how scammers exploit loopholes—such as with carnival games and deceptive solicitations (like fake domain renewal notices)—by staying vague about their offerings and not explicitly making false promises, allowing them to operate despite feeling fraudulent to consumers. The key takeaway is that scamming tactics are increasingly sophisticated and difficult to distinguish from legitimate services, making consumer vigilance essential.
law.georgia.gov
· 2025-12-08
During May 2025's Older Americans Month, Georgia's Attorney General Consumer Protection Division reached over 1,300 seniors to educate them on recognizing, preventing, and reporting financial abuse and exploitation. The division highlighted common scams targeting older adults—including government imposter schemes, investment/cryptocurrency fraud, and romance scams—and provided resources such as their free "Georgia Consumer Protection Guide for Older Adults" (available in English, Spanish, and Korean) along with reporting contacts for suspected financial abuse.
justice.gov
· 2025-12-08
Tracie L. Mixon of Hammond, Louisiana was sentenced to two years in prison on May 27, 2025, for making false statements to obtain a fraudulent Paycheck Protection Program (PPP) loan under the CARES Act. Mixon falsely claimed on an SBA form in February 2021 that she had no prior federal fraud convictions, despite having previously pleaded guilty to student loan fraud and mail fraud involving stolen identities. She was ordered to pay $31,000 in restitution and faces three years of supervised release.
govinfosecurity.com
· 2025-12-08
The U.S. Treasury sanctioned Philippine-based Funnull Technology and its administrator Liu Lizhi for operating as a content delivery network that powered romance scam websites, using trafficked workers to deceive victims into fake investments. The FBI identified over 332,000 domains linked to Funnull infrastructure, which caused an estimated $200 million in losses to U.S. victims (averaging $150,000 per person), with global romance scam losses reaching $4.4 billion. The company supplied bulk IP addresses, website templates, and algorithmically-generated domain names to scammers, enabling them to rapidly create resilient scam networks difficult to take down.
moneysense.ca
· 2025-12-08
Relationship fraud and romance scams are increasing in Canada, typically beginning when scammers contact victims on social media, dating apps, or email, then gradually build trust over months before requesting money or promoting fraudulent investment schemes, often involving cryptocurrency. Victims suffer not only financial losses but also emotional trauma from the betrayal, and scammers may use harvested personal information for identity theft. Key warning signs include pressure and urgency in requests, and protection strategies include verifying requests with trusted individuals and being cautious of AI-generated personas.
thehackernews.com
· 2025-12-08
The U.S. Treasury's Office of Foreign Assets Control (OFAC) sanctioned Philippines-based Funnull Technology Inc. and its administrator Liu Lizhi for providing infrastructure to facilitate romance baiting and cryptocurrency investment scams that caused over $200 million in reported losses to American victims, with average individual losses exceeding $150,000. Funnull allegedly enabled thousands of fraudulent websites by bulk-purchasing IP addresses from major cloud providers (AWS, Microsoft Azure) and using domain generation algorithms to create scam websites impersonating legitimate brands, making it easy for criminals to quickly change domains when detected. The FBI linked Funnull infrastructure to over 332,000 unique domains since
home.treasury.gov
· 2025-12-08
The U.S. Department of the Treasury sanctioned Funnull Technology Inc., a Philippines-based company that provided computer infrastructure supporting hundreds of thousands of "pig butchering" virtual currency investment scam websites, resulting in over $200 million in reported U.S. losses. These sophisticated scams, often perpetrated by Southeast Asian criminal organizations using trafficked workers, deceive victims into fake investment platforms through elaborate romantic or trust-based schemes, with average individual losses exceeding $150,000. The FBI is publishing a cybersecurity advisory with technical details to help the private sector identify and dismantle Funnull-associated websites.
wxii12.com
· 2025-12-08
Government impersonation scams stole $789 million in 2024, with scammers now using fake FTC agent credentials and badges to target victims through urgent alerts about viruses, compromised accounts, or identity theft, then pressuring them to transfer money. The FTC warns it has no agents and never requests money transfers, advising victims to verify claims by contacting their banks directly using official numbers and to report suspected scams at ReportFraud.FTC.gov.
investopedia.com
· 2025-12-08
This educational article outlines common cryptocurrency scams and protection strategies. According to the FBI, crypto fraud losses surged 45% year-over-year to $5.6 billion in 2023 based on 69,000 complaints, with scams ranging from phishing attacks to fake ICOs and rug pulls. The article advises crypto investors to verify website URLs, enable two-factor authentication, and remain vigilant about suspicious links and messages to protect their digital assets.
finance.yahoo.com
· 2025-12-08
The U.S. Treasury sanctioned Funnull, a Philippines-based company run by Chinese national Liu Lizhi, for providing infrastructure to cybercriminals operating "pig butchering" crypto investment scams that defrauded American victims of approximately $200 million, with an average loss of $150,000 per victim. Funnull generated fraudulent domain names and website templates to help scammers impersonate legitimate brands, and also conducted the Polyfill supply chain attack to redirect website visitors to malicious gambling and scam sites. These services enabled criminals to quickly evade detection by switching domains and IP addresses when legitimate providers attempted to shut down their operations.
etnownews.com
· 2025-12-08
This article outlines ten common fraud schemes targeting Indian consumers, including phishing impersonations of banks and government agencies, Ponzi schemes promising unrealistic returns, fake law enforcement extortion, fraudulent work-from-home jobs, UPI PIN theft, ATM skimming, predatory loan apps, pump-and-dump stock schemes, romance scams targeting vulnerable individuals, and fake parcel delivery scams. The piece emphasizes that fraudsters exploit trust through multiple channels (email, SMS, calls, apps) and advises victims to verify legitimacy through official channels, avoid sharing sensitive information like OTPs and UPI PINs, use only RBI-registered financial services, and report suspicious
states.aarp.org
· 2025-12-08
Nearly 7,500 AARP members and New Yorkers delivered letters to state legislative leaders urging support for bills (S.6379 and A.7019) to protect older adults from financial exploitation, following an FBI report showing scams targeting New Yorkers age 60+ resulted in over $257 million in losses from more than 6,200 victims in 2024—a significant increase from $203 million in 2023. The proposed legislation would require bank employees to identify signs of financial exploitation, place holds on suspicious transactions, and refer cases to law enforcement. AARP is calling on lawmakers to pass this measure before the 2025 legislative session ends in June
hometownstations.com
· 2025-12-08
Ohio's older adults face significant financial exploitation risk, with projected losses exceeding $60 million in 2025 and complaints to the Division of Securities increasing 22% year-over-year (302 complaints in 2024 versus 247 in 2023). Common scams targeting seniors include romance schemes, tech support impersonations, and grandparent scams, with warning signs including unexplained withdrawals, changes in banking practices, and unpaid bills. The Ohio Department of Commerce and Department of Aging are partnering during Elder Abuse Awareness Month to educate the public on recognizing exploitation and providing resources for reporting, including hotlines for securities fraud, adult protective services, an
plansponsor.com
· 2025-12-08
This article presents resources and statistics on financial fraud affecting retirement plan participants. In 2023, nationwide financial fraud losses exceeded $10 billion (up 14% from 2022), with investment scams accounting for over $4.6 billion of those losses—the largest category. The piece curates tools and educational resources from government agencies and medical institutions to help plan sponsors and participants identify fraud vulnerabilities, recognize signs of cognitive decline, and report fraudulent activity.
justice.gov
· 2025-12-08
Nadine Jazimne Wade, a 30-year-old Bronx resident, was sentenced to 63 months in prison for laundering over $2 million in proceeds from romance scams targeting elderly victims across the United States between 2016 and 2021. Scammers based in Nigeria and South Africa used fake identities to build romantic relationships with victims online, then convinced them to send money to bank accounts controlled by Wade, who rapidly moved the funds through cash withdrawals, vehicle purchases, and transfers to other scheme members. Wade was ordered to pay $1,772,618 in restitution and forfeit $2,261,791.
cointelegraph.com
· 2025-12-08
Seniors are increasingly targeted in cryptocurrency scams because scammers view them as wealthy, trusting, and less technologically savvy, exploiting the irreversible nature of crypto transactions and victims' reluctance to report fraud. The FTC reports growing losses from crypto investment fraud, romance scams, and government impersonation, with seniors in Beaufort County, South Carolina alone losing over $3.1 million in 2024, while sophisticated schemes using AI voice cloning and fake websites are becoming more prevalent. Examples include British pensioners losing hundreds of thousands to romance fraud operations in Cambodia, Minnesota crypto ATM scams that cost over $189 million in 2023, and government impersonation
lsj.com.au
· 2025-12-08
Transnational organized crime groups operating "scam factories" in Southeast Asian countries (Philippines, Myanmar, Cambodia) force trafficked workers into sophisticated multilingual fraud operations targeting international victims. Between January 2024 and February 2025, Australia lost $384.2 million to scams, with investment scams causing the largest losses ($225.7 million), while over 300,000 people are estimated to be forced laborers in scam operations across the Mekong region, generating approximately $43.8 billion annually for criminal enterprises. These operations employ advanced technologies including deepfakes and AI language models to impersonate authority figures and craft convincing fraud scripts.
ibsintelligence.com
· 2025-12-08
UK fraud losses remained at £1.17 billion in 2024, with 70% of authorised push payment fraud cases originating online through social media and messaging platforms. Investment and romance scams are surging despite fewer reported cases, with victims often losing life savings to sophisticated social engineering tactics that bypass bank warnings. Experts warn that fraudsters are evolving tactics—particularly toward remote purchase fraud—and call for a unified national strategy involving banks, law enforcement, and technology providers to address fraud, which now represents 40% of all UK crime.
the420.in
· 2025-12-08
In 2024, the UK experienced £12,332 crore in reported fraud losses, with banks blocking even greater unauthorized attempts, yet emerging threats like remote access scams, social engineering, and platform-enabled fraud continue to outpace defenses. Seventy percent of authorized push payment scams originated online, while investment fraud and romance scams increasingly target victims through social media and polished digital ads, often exploiting emotional manipulation or false financial promises. Experts warn that fraud now represents 40% of all UK crime, yet the fragmented regulatory approach places disproportionate responsibility on banks rather than holding tech platforms, telcos, and other enablers accountable, necessitating a unified national strategy
patriotledger.com
· 2025-12-08
Tom Clasby, former head of Quincy's Elder Services Department, is expected to reach a plea deal in September for embezzling over $120,000 in cash and goods from the department he oversaw from 1997 to 2024. Clasby used various schemes to steal the money, including funneling city funds through a friend's consulting company and stealing cash receipts from the senior center, spending embezzled funds on personal items such as steak tips, a self-portrait, and music recordings. He was arrested in January and fired by Mayor Tom Koch in May 2024 after decades of friendship.
plansponsor.com
· 2025-12-08
In 2023, U.S. financial fraud losses reached $10 billion (up 14% from 2022), with investment scams accounting for $4.6 billion of that total and representing the fastest-growing fraud category at 21% year-over-year growth. The article provides plan sponsors and participants with resources and tools to identify vulnerable individuals, detect cognitive decline, and report financial fraud to protect retirement plan assets.
rollingstone.com
· 2025-12-08
In July 2023, Priscilla Presley, then 77, filed a lawsuit claiming she was defrauded of over $1 million by Florida memorabilia dealer Brigitte Kruse through a "meticulously planned" elder-abuse scheme involving unconscionable contracts that gave Kruse control of her finances and publicity rights. A newly surfaced video from a January 2023 document-signing session shows Presley stating she had not read the contracts and appeared to trust Kruse, though she also confirmed signing of her own free will—evidence that complicates both sides' legal arguments in this ongoing contentious dispute.