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capecodtimes.com
· 2025-12-08
A 25-year-old New York man was charged with larceny after allegedly stealing $100,000 from an Osterville resident through a business email compromise scam in November. Khaseem Allah of Albany redirected a $100,000 payment intended for a legitimate business transaction to an unauthorized account after the victim received a fraudulent email from a compromised business account. The theft was traced to a New York bank account through a joint investigation by Barnstable Police and the U.S. Secret Service, leading to Allah's arrest and arraignment with $50,000 bail.
northjersey.com
· 2025-12-08
Three Dominican men were extradited to New Jersey to face federal charges in a "grandparents' scam" that defrauded elderly Americans across the Northeast of millions of dollars. The defendants allegedly impersonated distressed grandchildren claiming arrest or emergency situations, convincing victims to send cash for bail or legal fees. The case involves 19 counts against 16 individuals total, with convictions carrying maximum sentences of 20 years per count plus fines.
wibx950.com
· 2025-12-08
**Police Impersonation Scam - Central New York**
Scammers are impersonating Oneida County Sheriff's deputies and calling residents claiming they have outstanding court proceedings and demanding payment, threatening arrest if victims don't comply. The Oneida County Sheriff's Office warns residents never to provide personal information (SSN, birthday, bank details, etc.) over the phone to unidentified callers and advises hanging up and calling the Sheriff's Office directly to verify any such claims.
crypto.news
· 2025-12-08
The Australian Federal Police partnered with Chainalysis and major cryptocurrency exchanges to identify over 2,000 compromised crypto wallets belonging to Australians as part of "Operation Spincaster," targeting criminals using "approval phishing"—a fraud tactic where scammers trick victims into authorizing transactions that grant wallet control. Since May 2021, bad actors have stolen more than $4 billion in cryptocurrency through approval phishing attacks, often deployed in investment and romance scams, with the collaboration helping prevent further losses among identified victims.
aol.com
· 2025-12-08
Major General Vladimir Shesterov and Patriot Park director Vyacheslav Akhmedov were detained in Russia on suspicion of embezzling over 40 million roubles ($470,000) in budget funds allocated to the military theme park near Moscow, with investigations examining evidence dating back to 2021. The arrests are part of a broader corruption crackdown in Russia's defence ministry that has involved at least a dozen officials and businessmen since April, signaling efforts by the Kremlin to eliminate waste and graft in military spending.
highlandcountypress.com
· 2025-12-08
The Senior Medicare Patrol (SMP) program empowers Medicare beneficiaries to prevent and report healthcare fraud, particularly medical identity theft where fraudsters use personal information to bill for unauthorized services. In 2023, the nationwide SMP program reached 1.2 million people through outreach events, assisted over 270,000 beneficiaries with fraud-related issues, and helped Medicare recoup more than $111 million in fraudulent billings while identifying 26 emerging fraud schemes.
timesgazette.com
· 2025-12-08
The Senior Medicare Patrol (SMP) is a national program that educates Medicare beneficiaries and their families about detecting and reporting healthcare fraud, errors, and abuse, with particular focus on medical identity theft—when fraudsters use personal information like Medicare numbers to bill for unauthorized services. In 2023, the SMP program reached 1.2 million people through outreach events, assisted over 270,000 beneficiaries with fraud complaints, identified 26 emerging fraud schemes, and helped Medicare recover more than $111 million in fraudulent billings. The Ohio SMP, operated by Pro Seniors Inc., encourages beneficiaries to report suspicious activity and offers resources to protect Medicare information.
forbes.com
· 2025-12-08
A Schwab Bank customer received a text message impersonating the bank's fraud department asking about a suspicious $2,500 transfer; after replying "No," scammers called and tricked the victim into authorizing two wire transfers of approximately $5,500 each, claiming the transfers would return funds to the account. The client's advisor successfully helped cancel the second transfer with Schwab, preventing total loss, though the scam demonstrates how fraudsters use legitimate account holder names and mass messaging to impersonate trusted financial institutions.
interpol.int
· 2025-12-08
A Singapore commodity firm transferred USD 42.3 million to fraudsters in a business email compromise scam after receiving a spoofed email from what appeared to be a supplier requesting payment to a new bank account in Timor Leste. Acting swiftly through INTERPOL's Global Rapid Intervention of Payments (I-GRIP) mechanism, Singapore and Timor Leste authorities recovered USD 39 million from the fake account, arrested seven suspects, and recovered an additional USD 2 million through follow-up investigations. This represented Singapore's largest-ever recovery of funds lost to business email compromise fraud.
news.airbnb.com
· 2025-12-08
Airbnb partnered with the International Association of Financial Crimes Investigators (IAFCI) to combat travel scams as consumer research revealed that 47% of Americans have fallen for scams, losing an average of $2,697 per victim. The partnership provides safety guidance for online travel bookings, noting that scammers exploit deal-seeking behavior and use sophisticated tactics including fake websites, emails, and AI-generated content to trick travelers. Airbnb reported detecting and mitigating nearly 2,500 phishing domains globally in 12 months and recommends users only communicate, book, and pay directly through legitimate platforms.
kare11.com
· 2025-12-08
The City of Blaine, Minnesota lost $1.57 million to an international wire fraud scam in August 2023 when fraudsters used a fake email address mimicking a legitimate contractor (New Look Contracting) to intercept a payment meant for a construction project. The scam was discovered when the real contractor inquired about their overdue payment, prompting Blaine to issue a duplicate payment; federal authorities later indicted a Maryland-based network that used confusingly similar company names and shell companies to steal and launder funds. The city did not publicly disclose the fraud for nearly a year, and it remains under federal investigation.
popculture.com
· 2025-12-08
**Summary:**
YouTuber Fuslie fell victim to a "smishing" scam impersonating USPS, clicking a malicious link in a text message and entering her credit card information multiple times before realizing the website was fraudulent. She subsequently canceled all her cards to prevent unauthorized charges. The incident highlights the prevalence of these phishing scams, which attempt to steal personal and financial information by posing as legitimate government agencies or companies.
nj1015.com
· 2025-12-08
Three Dominican Republic nationals were extradited to the U.S. and charged in a multi-state "grandparent scam" that defrauded hundreds of elderly victims across New Jersey, New York, Pennsylvania, and Massachusetts out of millions of dollars. The defendants operated call centers that impersonated family members claiming relatives needed bail money for vehicle accidents, with scammers posing as attorneys and police to pressure victims into sending thousands of dollars via courier or mail. The three men face charges including mail fraud, wire fraud, and money laundering as part of an 11-person indictment involving a long-running operation targeting vulnerable seniors.
oig.ssa.gov
· 2025-12-08
Three Dominican nationals were extradited to face charges in a "grandparent scam" that defrauded hundreds of elderly Americans across multiple states out of millions of dollars. The defendants operated call centers in the Dominican Republic where they impersonated grandchildren in distress, then had "closers" pose as lawyers or police to convince victims to send thousands in cash via couriers or mail. Each defendant faces up to 20 years in prison and substantial fines if convicted on charges including wire fraud, mail fraud, and money laundering conspiracy.
justice.gov
· 2025-12-08
Terrance Alonzo Pruitt, 47, of Bessemer, Alabama, was charged with wire fraud for executing a Power of Attorney over an elderly family member without permission and fraudulently transferring over $500,000 from the victim's bank accounts to his own between September and December 2023. Pruitt also became a joint account holder and altered payable-on-death beneficiaries on the victim's accounts. He faces a maximum penalty of 20 years in prison.
justice.gov
· 2025-12-08
Christopher Parks, Christopher Noah Parks, and Stephen Miller operated a fraudulent medical debt collection scheme through companies Assured Collections LLC and Assured Financial LLC, sending thousands of false debt collection notices nationwide to veterans and older Americans demanding payment for medical devices they either did not owe or had never received. The scheme, which Parks directed while incarcerated for prior healthcare fraud charges, caused consumers to pay debts that were largely illusory, leading a federal court in Oklahoma to issue permanent injunctions on August 2 barring the defendants from engaging in any future billing or debt collection activities.
abc3340.com
· 2025-12-08
A 47-year-old Bessemer man, Terrance Alonzo Pruitt, was indicted on two counts of wire fraud for stealing over $500,000 from an elderly family member between September and December 2023. Pruitt obtained a Power of Attorney without the victim's knowledge, became a joint account holder, manipulated beneficiary designations, and transferred the funds to his personal accounts. He faces up to 20 years in prison.
abc3340.com
· 2025-12-08
**Elder Financial Abuse Surge in Alabama**
Alabama has experienced a dramatic increase in elder financial abuse cases since 2016, with reports growing from 23 cases that year to 243 cases nine months into the current fiscal year, according to the Alabama Securities Commission. Recent convictions include Gina Cook Gilbert ($2.5 million stolen from her elderly mother), Nicholas Houston Allen ($370,000 in ordered restitution), and James Langford III (accused of taking $200,000-$600,000 from an elderly woman's account as trustee). The exploitation typically exploits relationships of trust, often involving family members or caregivers targeting victims between
wbrc.com
· 2025-12-08
Terrance Alonzo Pruitt, 47, of Bessemer, Alabama, was indicted on two counts of wire fraud for defrauding an elderly family member between September and December 2023. Pruitt fraudulently obtained Power of Attorney over the victim without consent, became a joint account holder on the victim's bank accounts, altered payable-on-death beneficiaries, and transferred over $500,000 from the victim's accounts to his own personal accounts. He faces a maximum penalty of 20 years in prison.
cbc.ca
· 2025-12-08
Online fraud reports in Greater Sudbury increased from 381 to 405 cases per 100,000 people between 2022 and 2023, with police warning residents to never share personal information or allow remote computer access to strangers. Fraud and extortion account for approximately 60 percent of criminal internet activity nationwide, with victims often experiencing significant financial and emotional distress and reluctance to report crimes. Police recommend contacting the communications branch to report incidents, though investigations are complicated by perpetrators frequently operating internationally.
justice.gov
· 2025-12-08
Sherlyn Sims was convicted of money laundering and conspiracy related to romance scams and business email compromise schemes that defrauded dozens of victims of over $1.2 million between December 2019 and August 2020. Sims registered sham businesses, including Grace Trading LLC, to open bank accounts where she deposited stolen funds, then quickly transferred the money to foreign countries, withdrew cash, or spent it; victims included elderly individuals and others who lost significant sums, with one romance fraud victim depleting her life savings of nearly $100,000 after being tricked by an online scammer posing as her boyfriend. Sims was sentenced to be determined at a November 2024
wsbtv.com
· 2025-12-08
Sherlyn Sims, a Zimbabwe national, was found guilty of laundering over $1.2 million obtained through romance fraud and business email compromise schemes, using fake Georgia-registered businesses to collect victim funds before transferring money internationally and to personal accounts. Multiple elderly victims were defrauded through fake online romantic relationships, with one victim sending nearly $100,000 after being deceived, and another losing money intended for a home purchase. Sims faces sentencing in November, while her co-conspirators received prison sentences ranging from five years to later sentencing dates.
thehackernews.com
· 2025-12-08
A Singapore-based commodity firm lost $42.3 million in a business email compromise (BEC) scam in July 2024 when fraudsters impersonated a supplier and redirected a payment to a fake bank account in Timor-Leste; using INTERPOL's Global Rapid Intervention of Payments (I-GRIP) mechanism, authorities recovered $39 million and froze the fraudulent account within one day, with seven suspects arrested and an additional $2 million recovered. The article also covers law enforcement's seizure of the Cryptonator cryptocurrency exchange, which facilitated over 4 million transactions worth $1.4 billion and allegedly enabled money laun
jocoreport.com
· 2025-12-08
A 70-year-old Johnston County resident lost $1,000 in gift cards after being contacted on social media by someone impersonating "General Douglas" with the United Nations Peace Corps who claimed to be interested in a romantic relationship. The scammer is part of a broader pattern of fraud schemes that falsely claim UN affiliation to obtain money or personal information through romance, employment, and confidence scams via multiple channels including social media, email, and phone calls.
spotonalabama.com
· 2025-12-08
A 47-year-old Bessemer man, Terrance Alonzo Pruitt, was indicted on two counts of wire fraud for allegedly stealing over $500,000 from elderly victims. The indictment targets his fraudulent scheme that exploited elder individuals through wire fraud methods.
aol.com
· 2025-12-08
TRICARE beneficiaries in the Augusta area are being targeted by phishing scams via text messages claiming to come from Wisconsin Physicians Service (the TRICARE For Life contractor) and threatening coverage expiration due to nonpayment. TRICARE reminded beneficiaries that the agency never contacts them by phone or text requesting payment or personal information, and advised them to report suspicious messages to their TRICARE contractor or the Defense Health Agency's Office of the Inspector General.
wkok.com
· 2025-12-08
A 49-year-old home health aide in Lewisburg, Pennsylvania was charged with stealing over $1,600 from an elderly woman she was caring for Monday through Friday. Helen Reaser was identified through ATM surveillance footage showing her withdrawing cash from the victim's account without authorization and faces 12 misdemeanor counts including access device fraud, theft, and financial exploitation of an older adult.
stripes.com
· 2025-12-08
Three Oklahoma men—Christopher Parks, his son Christopher Noah Parks, and nephew Stephen Miller—who operated Assured Collections (later renamed Assured Financial) defrauded military personnel, veterans, and seniors by sending thousands of fraudulent debt collection letters demanding payments for medical debts that often did not exist, with demands sometimes reaching thousands of dollars per victim. The elder Parks, while serving time for a health care kickback scheme, directed the scam from prison using misappropriated medical billing data. A federal court in Tulsa issued a permanent injunction permanently banning all three men and their company from further billing operations.
yahoo.com
· 2025-12-08
Terrance Pruitt, 47, of Bessemer, Alabama, was charged with wire fraud for executing a Power of Attorney over an elderly family member without their knowledge or consent in late 2023. Pruitt allegedly became a joint account holder on the victim's bank accounts by manipulating payable-on-death beneficiaries and transferred over $500,000 from the victim's accounts to his own personal accounts. He faces a maximum penalty of 20 years in prison.
lawfaremedia.org
· 2025-12-08
Deputy Assistant Attorney General Arun Rao discusses the Department of Justice's Consumer Protection Branch work, which addresses the growing scale and sophistication of consumer fraud schemes, including elder fraud, that have been enabled by technological advances such as robocalls, texts, emails, and social media. The Consumer Protection Branch brings together criminal and civil cases across federal courts nationwide with nearly 250 staff members and over 100 trial attorneys, partnering with agencies like the FTC, FDA, and CPSC to protect consumer health, safety, economic security, and privacy.
chicagotribune.com
· 2025-12-08
**Event Type:** Scam Awareness Educational Initiative
The Palos Park Police Department held a National Night Out event to educate residents about elder fraud, highlighting that seniors in their predominantly elderly, affluent community are particularly vulnerable targets. Key scams discussed included door-to-door service schemes and "grandparent scams," with the FBI reporting that elder fraud caused $3.4 billion in losses in 2023 (up 11% from 2022), averaging $33,915 per victim, though many cases go unreported due to victim embarrassment and fear. Police advised residents to verify caller identities, trust their instincts when something feels off, and be
bulawayo24.com
· 2025-12-08
Sherlyn Sims, a Zimbabwean national operating in Georgia, was convicted of money laundering from multiple scams including romance fraud schemes where she solicited victims to send money under false pretenses (such as claiming to need tax payments to visit the US), then transferred the funds to third-party countries like China to cash out. Prosecutors documented that Sims diverted approximately $1.2 million through various bank accounts from her scams, including fraudulently obtained COVID relief loans, with one victim losing $100,000. She is scheduled for sentencing in November 2024.
zimlive.com
· 2025-12-08
Sherlyn Sims was convicted of conspiring to launder and laundering over $1.2 million in proceeds from romance fraud scams and business email compromise schemes that targeted vulnerable elderly victims between December 2019 and August 2020. Sims registered sham businesses, opened bank accounts in their names, and quickly transferred the stolen funds internationally, to China, and through cash withdrawals, while evading detection by opening new accounts when banks closed existing ones. One romance fraud victim lost nearly $100,000 after being deceived online, and another lost their home earnest money deposit to Sims's accounts.
justice.gov
· 2025-12-08
Hector Claveria, 51, of Queens, New York, pleaded guilty to international money laundering after acting as a money mule for elder fraud and computer fraud schemes in 2020. He collected cash proceeds from these schemes and wired $20,000 to a foreign bank account in June 2020, knowing the funds originated from fraudulent activities that deceived elderly victims into sending payments based on false claims of debt to government agencies or computer service companies. Claveria faces up to 20 years in prison and a $500,000 fine, with sentencing scheduled for December 19, 2024.
npr.org
· 2025-12-08
Criminal syndicates operating in Southeast Asia (particularly Cambodia and Myanmar) traffic and enslave people to conduct "pig butchering" scams—a fraud scheme where scammers build trust with victims to convince them to invest money before disappearing with their funds. Victims like Billy, a 41-year-old Ethiopian man, are deceived into traveling for fake jobs, then held captive in compounds, beaten, and forced to send scam texts impersonating wealthy individuals to defraud hundreds of people. This multi-billion-dollar cyber fraud industry involves systematic human trafficking, torture, and labor exploitation by organized criminal networks targeting both the scam victims and the enslaved workers forced to perpet
fortune.com
· 2025-12-08
Zelle, the payment app owned by major U.S. banks including JPMorgan, Bank of America, and Wells Fargo, faces a Consumer Financial Protection Bureau investigation over fraud vulnerabilities, with Zelle's chief fraud risk manager arguing the app has adequate safeguards while placing responsibility on users, lawmakers, and law enforcement to combat scammers. Between 2019 and 2023, the percentage of reimbursed Zelle fraud claims declined from 62% to 38%, according to Senator Richard Blumenthal, though Zelle reports a 50% decrease in fraud reports from 2022 to 2023 and attributes this partly to its anti
commercialappeal.com
· 2025-12-08
Scammers create fake passport renewal websites that mimic official government sites to trick consumers into paying fees for free services or stealing personal information. The Better Business Bureau and Federal Trade Commission warn consumers to verify they're using the official government website (Travel.State.Gov ending in .gov), avoid paying fees for passport forms or appointments, and be suspicious of requests for wire transfers, gift cards, or cryptocurrency. One senior citizen lost $89 after unknowingly submitting personal information to a fraudulent site that provided no actual service.
independent.com
· 2025-12-08
Kristina Perkins, Santa Barbara County's first female chief investigator, has taken over the Scam Squad podcast to combat rising internet fraud affecting the region's large elderly population. The podcast highlights common scams including pop-up fraud (which defrauded one victim of $200,000) and romance fraud, where scammers build fake relationships with older adults on social media before requesting money under false pretenses. Perkins emphasizes that anyone can be victimized and encourages reporting through the DA's scam hotline at (805) 568-2442.
theindependent.sg
· 2025-12-08
A Singapore-based commodity firm lost $42.3 million in a July 2024 Business Email Compromise (BEC) scam when fraudsters sent a spoofed email redirecting payment to a fake account in Timor-Leste. INTERPOL's Global Rapid Intervention of Payments (I-GRIP) mechanism recovered $39 million within one day and led to the recovery of an additional $2 million following the arrest of seven suspects, marking the largest-ever BEC fund recovery. The article also highlights related cybercrime enforcement actions, including the indictment of Cryptonator's founder for processing $1.4 billion in criminal proceeds through cryptocurrency
berkshireeagle.com
· 2025-12-08
An 88-year-old man in Dalton lost $10,000 in a "grandparents scam" where a caller posed as a lawyer claiming his grandson needed bail money, with a courier arriving at his home to collect cash; the scammer later demanded an additional $12,000, but the family alerted police who arrested the courier on attempted larceny charges. The Berkshire District Attorney's Office is educating residents on scam prevention, advising them to never give banking information or send money to unknown callers, to verify calls by requesting callback numbers and contacting family or police, and noting that official agencies never request money, gift cards, or cryptocurrency over the phone.
wvnews.com
· 2025-12-08
The Senior Medicare Patrol (SMP) program educates Medicare beneficiaries on preventing health care fraud, with particular focus on medical identity theft schemes involving unauthorized use of names and Medicare numbers to bill for services or supplies. In 2023, the SMP program reached 1.2 million people through outreach events, assisted over 270,000 beneficiaries with fraud complaints, identified 26 emerging fraud schemes, and helped Medicare recoup over $111 million in fraudulent billings.
grundycountyherald.com
· 2025-12-08
Elder scams exploited advancing technology in 2023, with banks reporting over $27 billion in suspicious activity and FBI reports indicating average losses exceeding $33,000 per case. Common scams targeting seniors employ two main tactics: creating urgency (tech support, government imposter, grandparent scams) or offering too-good-to-be-true opportunities (investment, romance, lottery scams). Experts recommend pausing when rushed, verifying identities through alternative contact channels, and consulting trusted contacts before making financial or romantic commitments to prevent fraud.
fortune.com
· 2025-12-08
Elder real estate fraud is rising with 1,500 Americans ages 60+ reporting $65 million in losses last year, while seniors overall lost over $1.6 billion to all scams. The fraud takes multiple forms—including deed theft, forged signatures, and exploitation of Power of Attorney—often perpetrated by trusted relatives or advisors, leaving victims to lose their homes and life savings. To combat this trend, state and federal governments must implement stronger legislation, consumer education, and enforcement mechanisms in collaboration with industry groups and Adult Protective Services.
midhudsonnews.com
· 2025-12-08
Dutchess County officials launched the "Don't Get Burned By Fraud" initiative to educate residents about scams targeting seniors and immigrants, particularly the grandparent scam where callers impersonate friends of grandchildren and claim an emergency requiring immediate wire transfers. County Comptroller Gregg Pulver, District Attorney Anthony Parisi, and Sheriff Kirk Imperati partnered to develop community forums and educational materials, noting that victims typically cannot recover lost money and that the DA's office will establish a Consumer Fraud Unit to investigate and prosecute fraud cases.
chinadaily.com.cn
· 2025-12-08
Over 2,000 individuals were prosecuted for illegal fundraising scams targeting elderly people, with 1,932 prosecuted last year and 343 in the first half of the current year. Perpetrators lure seniors into fraudulent investments using schemes tied to blockchain, equity funds, and national initiatives, often requiring them to pledge personal property as collateral for promised high returns that never materialize. A notable case involved a criminal who collected over 136 million yuan ($19 million) from more than 2,100 elderly investors through fake elderly care projects, misappropriating 93 million yuan and resulting in his 15-year prison sentence.
ecns.cn
· 2025-12-08
Over 2,000 people were prosecuted for investment scams targeting elderly citizens, with 1,932 prosecuted last year and 343 in the first half of the current year. Perpetrators used elderly care services, tourism, and financial products as fronts, luring seniors into high-risk investments (blockchain, equity investments, Belt and Road Initiative projects) by promising high returns while pressuring them to use personal property as collateral—often resulting in loss of homes and significant debt when investments failed. A notable case involved a criminal who defrauded over 2,100 elderly investors of more than 93 million yuan ($19 million) through false promises of elderly care services an
ca.finance.yahoo.com
· 2025-12-08
Nearly 1,500 Americans ages 60 and older reported losing $65 million to real estate scams last year, with overall elder fraud losses exceeding $1.6 billion across all scam types—a problem exacerbated by an aging population and AI-enhanced scammer tactics. Elder real estate fraud and financial exploitation often involve document forgery, coercion, or misuse of power of attorney, frequently perpetrated by trusted relatives or advisors, leaving victims losing life savings, retirement funds, and homes. Industry and advocacy groups are calling for coordinated state and federal government action, combined with private sector collaboration, to implement legislative, educational, and enforcement measures to combat this rising threat.
vpd.ca
· 2025-12-08
Vancouver Police warned the Chinese community about three scams that defrauded victims of nearly $6 million since January of that year, with 26 reported cases under investigation. The scams included impersonation of Chinese police officers demanding payment to Hong Kong banks, "blessing scams" targeting elderly victims through spiritual manipulation to extract cash and jewelry, and fake job postings in traditional Chinese that escalate into romance or investment schemes. Police urged community members to alert vulnerable family and friends and report suspected fraud to the VPD non-emergency line.
1news.co.nz
· 2025-12-08
A 26-year-old UK national pleaded guilty to 27 charges, including obtaining by deception, after posing as a police officer and cold-calling victims aged 56-90 to convince them to withdraw cash for fake investigations, defrauding multiple Auckland residents of $337,700 total. A second UK national was arrested in a similar scam operation, with police warning the public that legitimate police will never contact citizens requesting cash withdrawals or making unusual demands over the phone.
timesofindia.indiatimes.com
· 2025-12-08
Ernakulam Rural police in Kochi launched a crackdown on individuals selling their bank accounts to cybercriminals, who receive payments of approximately Rs 15,000 or commission-based earnings for facilitating fraud schemes. In one case, a man with eight accounts was arrested after his account was used to defraud a woman of Rs 17 lakh, with police noting that fraudsters connect with youths through SIM card dealers and quickly move stolen funds into cryptocurrencies or untraceable assets. Police stated they would prosecute account sellers as conspirators and are investigating potential involvement of bank officials in receiving large fraudulent deposits.