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in Financial Crime
ca.finance.yahoo.com
· 2026-04-07
An 81-year-old man who lost $1 million to a romance scam was targeted again by criminals posing as lawyers from a fake legal firm, claiming they could recover his stolen money. The scammers used AI-generated credentials and professional video call setups to appear legitimate, but were caught when they couldn't provide real proof of credentials. To protect yourself: be skeptical of unsolicited offers to recover lost money, verify credentials independently through official channels rather than accepting documents provided by the person contacting you, and know that legitimate government agencies and law firms won't ask for upfront fees to recover stolen funds.
wfmd.com
· 2026-04-07
A 58-year-old Frederick man has been indicted for operating an international romance fraud scheme that targeted victims by creating fake online relationships and convincing them to send money for fabricated emergencies and investments since at least 2022. The suspect and his associates used messaging apps, emails, and fake documents to appear legitimate, then funneled the stolen money through multiple bank accounts to countries overseas. To protect yourself, be cautious of online romantic partners who quickly ask for money, verify identities through video calls, and never send funds to people you haven't met in person.
financial-planning.com
· 2026-04-07
A FINRA study found that even wealthy, confident investors struggle to detect fraud schemes, with 63% saying they would likely invest in vehicles showing obvious fraud red flags despite 71% claiming high confidence in spotting scams. Scammers are increasingly using social media tactics—like a recent hoax about a famous tortoise soliciting crypto donations—to target victims across all income levels and age groups, contributing to an estimated $196 billion in annual U.S. fraud losses. Experts warn that fraudsters are adapting tactics faster than detection systems can keep up, so all investors should remain skeptical of investment pitches and verify claims through official channels before committing money.
mexc.co
· 2026-04-07
Pig butchering scams have cost victims worldwide over $75 billion, according to a new advisory from Finance Complaint List, with these sophisticated operations using social engineering and psychological manipulation to build false trust with targets over time before directing them to fraudulent investment platforms. The scams typically begin with unsolicited contact on social media or dating apps, where criminals pose as successful professionals or investors, gradually earning credibility before introducing fake cryptocurrency or forex trading opportunities with fabricated returns. To protect yourself, be wary of unsolicited investment offers from new online contacts, verify any investment platform independently before depositing funds, and report suspicious activity to authorities and the relevant platform.
mychesco.com
· 2026-04-06
Pennsylvania's Department of Banking and Securities is offering free financial literacy events throughout April to help residents avoid fraud, identity theft, and investment scams through education on budgeting, saving, and cybersecurity. The programs are designed for people of all ages and backgrounds and aim to provide practical skills to recognize financial threats and make better money decisions. Pennsylvanians can access these free resources by visiting pa.gov/dobs, calling 1-800-PA-BANKS, or reporting scams through 1-866-PACOMPLAINT.
bitdefender.com
· 2026-04-06
Women are increasingly targeted by AI-powered scams on social media and dating platforms, with criminals using fake personas, deepfakes, and voice cloning to perpetrate romance scams and sextortion schemes that combine emotional manipulation with financial or reputational harm. According to Bitdefender's 2025 survey, over 70% of people encountered a scam in the past year, with 37% citing AI-powered scams as their biggest concern. To protect yourself, remain cautious of requests for money or personal information from online connections, verify identities through video calls, and report suspicious accounts immediately to the platform.
mexc.com
· 2026-04-05
Pig butchering scams—sophisticated frauds that combine social engineering, cryptocurrency fraud, and psychological manipulation—have cost victims over $75 billion globally, according to a Finance Complaint List advisory. Scammers typically target individuals on social media and dating apps by posing as successful professionals, building trust over time before directing victims to fake investment platforms that promise fabricated returns. To protect yourself, be skeptical of unsolicited investment offers from online contacts, verify investment platforms independently before depositing money, and report suspicious activity to relevant authorities.
kucoin.com
· 2026-04-05
Scammers are impersonating SEC officials on social media and text messages to trick investors into providing personal information, paying upfront fees, or investing in fraudulent schemes. The SEC warns that these fraudsters use official-looking branding and real employee names to appear credible, with tactics ranging from fake stock tips to promises of recovering lost money. To protect yourself, be skeptical of unsolicited investment offers or financial advice from social media and text messages, verify any SEC communication directly through the official SEC website, and never share personal or financial information with unverified sources.
mexc.com
· 2026-04-05
Cambodia's National Assembly has passed legislation imposing sentences up to life imprisonment for operators of large-scale online fraud networks, including crypto scams and "pig-butchering" schemes that have victimized people worldwide. The law targets scam compounds where trafficked workers are forced to run fraud operations, with penalties ranging from 5-10 years for ring operators to life sentences for leaders of major operations involving violence or death. The measure reflects Cambodia's effort to combat its reputation as a major hub for cybercrime and addresses international pressure to dismantle these criminal operations.
panewslab.com
· 2026-04-05
Li Xiong, chairman of Huiwang Group, was extradited to China in April 2026 following the arrest of his associate Chen Zhi, marking the collapse of a $24 billion underground financial empire that operated primarily through Cambodia-based payment systems and thousands of Telegram groups facilitating money laundering and illegal financial services. The Huiwang network, which marketed itself as "Cambodia's Alipay" through legitimate-looking QR codes used by restaurants and shops, was actually five times larger than the dark web marketplace Hydra and three times larger than FTX at its peak. While the article doesn't provide specific advice, it serves as a cautionary tale about cryptocurrency-based payment systems and financial platforms operating from overseas jurisdictions that may mask illegal activity behind seemingly legitimate payment infrastructure.
cryptotimes.io
· 2026-04-05
Cambodia has passed a strict anti-fraud law targeting online scams, particularly crypto-related schemes and organized cybercrime, with penalties ranging from 2-10 years in prison and fines up to $250,000 depending on severity. The law addresses the country's growing problem with scam operations, including fake investment platforms, romance scams, and money laundering schemes that have affected victims across Southeast Asia. People should be cautious of unsolicited investment opportunities and romance advances on social media, verify investment platforms independently, and report suspicious activity to authorities.
savingadvice.com
· 2026-04-05
Wisconsin's 2026 Supreme Court election could significantly impact seniors and retirees, despite receiving little public attention, because the winning justice will serve a 10-year term and help shape court decisions affecting Medicare disputes, healthcare access, elder protection laws, and benefits interpretation. While Medicare and Social Security are federal programs, state courts play a crucial role in how these benefits are administered locally through rulings on provider disputes, coverage conflicts, and patient protections. Voters who depend on healthcare or retirement benefits should pay attention to this judicial race and consider candidates' positions on healthcare and senior protections, since a single justice's decisions can establish precedents affecting seniors for decades.
the420.in
· 2026-04-05
Cambodia has passed its first dedicated cybercrime law to combat large-scale online scam operations that have defrauded billions of dollars from victims worldwide, with penalties ranging from 2-10 years in prison and fines up to $250,000 depending on the severity. The legislation targets organized fraud networks, money laundering, and recruitment of scammers operating from the country, addressing international pressure and economic damage to Cambodia itself. To protect yourself, be cautious of unsolicited contacts, verify requests for personal information or money through independent channels, and report suspected scams to local authorities.
startupfortune.com
· 2026-04-05
Cambodia has passed a draft law imposing up to 20 years in prison for cryptocurrency fraud, targeting the operators and facilitators of scam networks that have made the country a global hub for digital asset crimes. The legislation, which includes asset forfeiture provisions and millions of dollars in fines, was driven by international pressure and UN estimates showing these operations generate tens of billions annually through romance scams, fake investment platforms, and "pig butchering" schemes. General audiences should be aware of these common cryptocurrency scams and verify investment opportunities through independent sources before sending money or cryptocurrency to unknown parties online.
aol.com
· 2026-04-05
An 82-year-old Chicago resident received 552 robocalls in a single month, forcing him to disable his phone entirely to escape the constant harassment—a problem affecting millions of Americans who collectively received over 3.8 billion robocalls in February 2026 alone. While some robocalls are legitimate (appointment reminders, pharmacy notifications), about 58% are telemarketing or scams designed to trick people into revealing personal information or sending money. To protect yourself, experts recommend using robocall-blocking apps, registering with the National Do Not Call Registry, and being skeptical of unsolicited calls asking for personal or financial information.
foxbusiness.com
· 2026-03-26
# Summary
CMS Administrator Dr. Mehmet Oz warned that foreign nationals, including members of Russian organized crime, may be operating fraudulent hospice schemes, with an estimated 1,000 of Los Angeles County's approximately 2,000 hospices potentially involved in fraud. California Governor Gavin Newsom's office disputed the claims, citing that the state has revoked over 280 hospice licenses in the past two years, has a moratorium on new licenses since 2021, and has brought 109 criminal charges and 24 civil fraud cases through its multi-agency task force. The dispute has escalated into legal action, with Newsom filing a civil rights complaint against Oz
biz.chosun.com
· 2026-03-22
A crime ring based overseas was caught running scams by using a domestic used-goods transaction platform. Police launched a special crackdown on cyber fraud.
According to the Korean National Police A...
en.sedaily.com
· 2026-03-22
A Cambodia-based criminal organization has been caught running scams on a domestic secondhand trading platform. Police have announced a seven-month intensive crackdown on such financial crimes and org...
stl.news
· 2026-03-22
FBI Executes Raids in High-Stakes Mortgage Fraud Case
In a dramatic turn of events, the FBI conducted a series of raids on a Hollywood mansion linked to a sophisticated $17.4 million elderly mortgage...
floridabar.org
· 2026-03-21
Judge Lori Vaughan: 'As you can imagine, a big portion of our presentation is how to recognize and avoid financial scams; they’re everywhere now. I feel like every time we identify something and get t...
thebostonpilot.com
· 2026-03-21
Online banking has become an increasingly common tool for managing personal finances. For many older adults, the ability to review account balances, pay bills, and transfer funds without traveling to ...
ketv.com
· 2026-03-21
Scammers are stealing thousands of dollars from the immigrant community by hiding under the veil of an Omaha immigration nonprofit.
The Center for Immigrant and Refugee Advancement said scammers are ...
mexc.com
· 2026-03-21
The post FBI, Thai Police Seize $580M in Crypto Scam Crackdown appeared first on Coinpedia Fintech News
In a major international law-enforcement operation, the FBI and Royal Thai Police raided scam c...
mexc.com
· 2026-03-21
The New York division of the Federal Bureau of Investigation (FBI) issued an emergency alert to crypto users after a scam campaign on the Tron blockchain circulated fraudulent “FBI tokens” claiming ...
mexc.com
· 2026-03-21
Joint efforts by the FBI and Thai police to combat scams targeting Americans are yielding results. The joint task force comprising FBI agents and the Royal Thai Police led to the seizure of 8,000 phon...
wftv.com
· 2026-03-21
FLAGLER COUNTY, Fla. — A 32-year-old woman from Pomona Park received three years of probation after pleading no contest to felony charges of exploiting elderly victims. Katie Swain, a former home heal...
stimson.org
· 2026-03-20
In March 2026, Cyber Program Director Allison Pytlak and Southeast Asia Program Deputy Director Courtney Weatherby convened experts from Thailand, Laos, Vietnam, the Philippines, and other ASEAN count...
fox5dc.com
· 2026-03-20
The Internal Revenue Service has released its annual list of tax schemes to watch for in 2026, warning taxpayers, businesses and tax professionals about the most common and damaging threats circulatin...
wowt.com
· 2026-03-20
OMAHA, Neb. (WOWT) - Scammers are now posting fake social media ads featuring a deepfake police officer image in an attempt to discredit warning stickers placed on Bitcoin ATM machines across the Omah...
mylondon.news
· 2026-03-20
Thomas Gooden convinced three men using dating apps to give him over £28,000 (Image: City of London Police)
A man who 'defrauded' three men out of more than £28,000 after pretending to be in romantic...
moldova1.md
· 2026-03-20
Social
The Chisinau Municipality Prosecutor's Office has secured convictions against two men involved in distinct fraud schemes. The cases involve logistics theft and a complex "romance scam" that le...
yahoo.com
· 2026-03-20
BOSTON (WWLP) – A Dominican national has been extradited to Massachusetts for allegedly laundering proceeds from a call center operation that defrauded hundreds of elderly victims, resulting in over $...
yahoo.com
· 2026-03-20
A Dominican national has been extradited to the United States for his alleged role in an elder fraud ring that victimized seniors across the country, including in Massachusetts, federal authorities sa...
boston25news.com
· 2026-03-20
BOSTON — A Dominican national has been extradited to the United States for his alleged role in an elder fraud ring that victimized seniors across the country, including in Massachusetts, federal autho...
moldova1.md
· 2026-03-20
Social
The Chisinau Municipality Prosecutor's Office has secured convictions against two men involved in distinct fraud schemes. The cases involve logistics theft and a complex "romance scam" that le...
meritalk.com
· 2026-03-19
The U.S. Secret Service said on Monday it is working with allied-nation law enforcement partners to disrupt fraudsters that are targeting cryptocurrency investors through “approval phishing” scams tha...
nypost.com
· 2026-03-19
In the midst of tax season, with the April 15 deadline quickly approaching, the Internal Revenue Service is warning taxpayers about scammers out to rip you off.
Scams tend to spike during tax filing ...
hospicenews.com
· 2026-03-19
hans middendorp / Pexels
Hundreds of hospices are allegedly operating from a single address in California amid regulators’ efforts to curb fraud in the state.
Local providers laud the increased over...
nationaltoday.com
· 2026-03-19
By the People, for the People
News
Elderly South Florida victim lost over $4 million in physical gold purchases
Mar. 18, 2026 at 1:33am
Got story updates? Submit your updates here. ›
Silver Law G...
suffolk.gov.uk
· 2026-03-19
Man sentenced for £9,000 romance scam
A man behind a romance fraud in which a Suffolk victim lost over £9,000 has been sentenced today at Ipswich Magistrates Court....
dailyhodl.com
· 2026-03-19
A new lawsuit accuses a major US bank of failing to protect an elderly customer from being scammed out of his life savings.
The civil complaint, filed in the Superior Court of New Jersey, says that t...
korabelov.info
· 2026-03-19
In Mykolaiv a 35-year-old local resident fell victim to a telephone scam and lost 175 thousand hryvnias, the regional police reported.
According to law enforcement, an unknown person called the woman...
cryptorank.io
· 2026-03-18
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The law enforcement agencies from three countries have started Operation Atlantic, an organized effort to disrupt crypto-related scams, dismantle fraud networks, and boost cross-border operati...
ambcrypto.com
· 2026-03-18
For years, crypto fraud was linked to hackers stealing funds that seemed to vanish on the blockchain. Now, that perception is changing. Three countries have joined forces to stop scams in real time.
...
mexc.com
· 2026-03-18
The United States, the United Kingdom, and Canada have launched a program called Operation Atlantic that specifically targets approval phishing attacks.
The collaboration begins on a very complicated...
mexc.com
· 2026-03-18
BitcoinWorld
US Secret Service Launches Crucial Operation Atlantic with UK and Canada to Crush Crypto Fraud Networks
WASHINGTON, D.C. — The U.S. Secret Service announced a groundbreaking internation...
hsvvoice.com
· 2026-03-18
Fraud against elderly victims can drain life savings in moments, and can even lead to loss of life.
Always be alert. Fraudsters seem like nice people. Others are family members or friends. They have ...
yahoo.com
· 2026-03-18
If you are a victim of a fraud scheme involving Apple gift cards, federal authorities want to hear from you.
Victims of the sophisticated gift card fraud scheme are being sought for potential restitu...
wmdt.com
· 2026-03-18
MILFORD, Del. – The Delaware State Police have arrested a man from Bronx, New York after he turned himself into authorities on Monday.
On Mar. 16, 32-year-old Michael Smith turned himself in at Justi...
boston25news.com
· 2026-03-18
CONCORD, N.H. — If you are a victim of a fraud scheme involving Apple gift cards, federal authorities want to hear from you.
Victims of the sophisticated gift card fraud scheme are being sought for p...