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438 results in Benefits Fraud
newsweek.com · 2025-12-08
The Social Security Administration warned beneficiaries in March 2024 about scammers impersonating SSA representatives through phone, email, text, and social media to steal benefits and personal information using tactics like spoofed caller IDs, fake letterheads, and threats. Between mid-2024, nearly 45% of reported scams involved false claims about suspended Social Security numbers, with victims aged 70-84 losing an average of $11,902 compared to $2,346 for those under 29. The SSA urged citizens to hang up on suspicious contacts and report attempts to its Office of the Inspector General.
blog.ssa.gov · 2025-12-08
The Social Security Administration and its Office of Inspector General launched the sixth annual "Slam the Scam" Day on March 6 to combat Social Security imposter scams, where fraudsters pressure victims into sharing personal information or making payments by claiming to fix alleged Social Security number problems. These scams affect all age groups and remain among the most commonly reported government imposter frauds to the FTC, with victims tricked through sophisticated tactics including caller ID spoofing, fake documents, and fraudulent letterhead. The agencies emphasized that Social Security will never suspend numbers, demand immediate payments, threaten arrest, or request gift cards or wire transfers, and urged citizens to report attempts to oig.ssa.gov
iol.co.za · 2025-12-08
A 46-year-old nurse from North West province, South Africa, lost R520,000 from her FNB account in November 2022 after being romantically scammed by a man claiming to be "Ivan Tusiime" from Kenya. The funds were withdrawn from an FNB branch in Johannesburg that the victim had never visited, and a funeral policy was fraudulently opened in her name during the same transaction. Despite reporting the matter to police and FNB multiple times, the investigation was closed in November 2023 with no leads pursued, leaving the victim without resolution or recovery of her pension money.
shu.edu · 2025-12-08
National Slam the Scam Day (March 6, 2025) is an awareness initiative by Social Security's Office of the Inspector General to combat government imposter scams, where fraudsters impersonate officials from trusted agencies like the SSA and IRS to steal money and personal information. The advisory highlights the "4 P's" of scams—pretend, problem, pressure, and payment demand—and emphasizes that legitimate government agencies never request payment via gift cards, cryptocurrency, wire transfers, or other untraceable methods. Individuals are urged to stay alert, hang up on suspicious contacts, guard personal information, and report suspected fraud to the appropriate authorities.
audacy.com · 2025-12-08
In 2024, 53% of men and 47% of women experienced romance scams in online dating environments, with scammers impersonating military personnel or celebrities to build trust before requesting money or personal information from victims. The FBI reported that over 64,000 romance scams were reported in 2023 alone, resulting in $1.14 billion in losses. Veterans are advised to verify identities of new online contacts, protect sensitive information, be cautious of financial requests, trust their instincts, and report suspicious activity to relevant authorities including the FTC or VA benefits hotline.
bostonglobe.com · 2025-12-08
I cannot provide a summary for this content. The text provided appears to be only a navigation menu and section headers from a news website, not an actual article about scams, fraud, or elder abuse. To help you, please provide the full article text or content that discusses a specific incident or topic related to elder fraud, scams, or abuse.
aol.com · 2025-12-08
This educational article outlines key strategies for retirees to protect themselves from AI-powered banking scams that increasingly target seniors. The recommended preventive measures include staying informed about current scam tactics, using strong mixed-character passwords with two-factor authentication, monitoring accounts regularly, verifying claims directly with financial institutions before sharing information, avoiding sharing personal details online, and installing antivirus software on devices.
storyboard18.com · 2025-12-08
**Cybercrimes against India's elderly population surged 86% between 2020 and 2022 as seniors increasingly adopted digital platforms, with phishing scams, fraudulent advertisements, and privacy breaches being the primary threats.** Nearly half of surveyed seniors struggle to identify scams, and 45% of those over 70 now use mobile phones, making them vulnerable to messaging app and email-based fraud. Experts recommend enhanced digital literacy campaigns, user-friendly interfaces, and stronger cybersecurity frameworks to protect this growing demographic, as India's senior population is projected to reach 193 million by 2031.
pymnts.com · 2025-12-08
A PYMNTS Intelligence report reveals that approximately 30% of U.S. consumers (77 million people) lost money to scams in the past five years, with most losses exceeding $500. The research shows that scammers personalize their tactics by targeting different demographics through preferred communication channels—using social media for Gen Z, email and phone calls for older adults—and tailoring messaging to exploit specific vulnerabilities such as investment fears for high-income individuals and benefits fraud for lower-income groups. Key manipulation tactics include posing as trusted figures like employers (86% of job scam victims) or debt collectors (83% of victims), as well as using coercion through threats or financial incent
news.va.gov · 2025-12-08
In 2024, romance scams affected 53% of men and 47% of women in online dating environments, with scammers creating fake personas to build trust with victims—often impersonating military personnel or celebrities—before requesting money or personal information. The FTC reported over 64,000 romance scams in 2023 alone, resulting in $1.14 billion in losses. Veterans are advised to verify identities of new online contacts, avoid sharing financial information, be cautious of unsolicited messages and monetary requests, trust their instincts, and report suspicious activity to the FTC or relevant authorities.
newstalk870.am · 2025-12-08
Social Security scams are increasing in Washington State, with fraudsters impersonating the SSA through phone calls, emails, and text messages to threaten arrest, demand immediate payment, or steal personal information like Social Security numbers and bank details. The SSA never threatens, demands payment, or requests sensitive information via phone or email, so residents should hang up on suspicious calls and verify any claims directly through ssa.gov or the official customer service number. Victims should report incidents to the SSA's Office of the Inspector General and the FTC, monitor their accounts and credit reports, and use the secure "My Social Security account" portal to safely access their information.
the420.in · 2025-12-08
Cybercriminals are increasingly targeting senior citizens and pensioners through sophisticated digital scams including QR code fraud, OTP theft, fake investment schemes, malicious apps, and impersonation of bank representatives and government officials, resulting in significant losses of lifelong savings. Cybersecurity experts attribute these attacks to seniors' limited awareness of digital threats and recommend education and vigilance in identifying fraudulent tactics such as fake customer service numbers and online marketplace scams. An awareness webinar organized by FCRF and Paytm on February 24, 2025, aims to help seniors learn how to identify scams, protect their bank accounts, and report cyber fraud.
justice.gov · 2025-12-08
A 65-year-old Fort Myers woman was sentenced to one year and one day in federal prison for wire fraud involving a 19-year scheme to fraudulently obtain $338,364.66 in Department of Veterans Affairs survivor's benefits intended for her deceased mother. Laurie Ann Roszell forged her mother's signature on documents, impersonated her mother's voice during calls with the VA, and made false statements to federal agents claiming her mother was alive and living with her. The court ordered her to forfeit the full amount of stolen benefits.
thenationaldesk.com · 2025-12-08
The Department of Government Efficiency (DOGE) is seeking access to Social Security Administration data to identify and combat fraud, with White House officials claiming potential savings of over $1 trillion over a decade through crackdowns on entitlement system fraud. Elon Musk has posted claims of massive fraud in Social Security, citing data showing more eligible social security numbers than U.S. citizens, though a 2023 SSA audit found that nearly 19 million records for people over 100 with active numbers receive almost no benefits. The push for data access has drawn criticism from Democratic lawmakers concerned about potential data breaches, and reportedly led to the departure of SSA acting commissioner Michelle
wealthmanagement.com · 2025-12-08
This educational piece identifies the ten states with the strongest elder-care protections based on metrics including elder fraud rates, prevention expenditures, and care organizations. Massachusetts ranked first in the WalletHub analysis, and the article highlights that federal protections have expanded, such as the Senior Safe Act (signed May 24, 2018) which provides liability immunity for reporting senior exploitation. The article advises financial advisors to understand their states' elder-abuse laws, fraud prevention services, and long-term care resources as their clients age.
examinerlive.co.uk · 2025-12-08
A 61-year-old Huddersfield man lost £3,250 of his inheritance to a deep fake Elon Musk scam in 2023 after seeing a convincing Facebook video promoting an AI trading platform. The scammer used a fake account manager to build trust through small withdrawals and apparent profits displayed on MetaTrader 5, then refused withdrawals once the victim's account allegedly reached $10,000. The victim is now pursuing recovery through National Fraud Helpline solicitors against his banks Santander and Chase.
medicinehatnews.com · 2025-12-08
Medicine Hat is experiencing rising reports of scams targeting seniors, including the Grandparent Scam, romance scams, and phishing schemes, with 78% of adults aged 65 and older having encountered at least one fraud attempt. The Veiner Centre partnered with Reality Bytes Inc. to offer a February 13 presentation on identifying and preventing fraud, and highlighted its Elder Abuse Outreach team that provides assessment, support, and case management to seniors experiencing financial abuse, some of whom have lost their life savings.
pensionsage.com · 2025-12-08
The Pensions Regulator (TPR) has announced enhanced efforts to combat pension scams through strengthened multi-agency collaboration, including embedding intelligence experts within the City of London Police and National Economic Crime Centre to improve information sharing and disrupt scams before they occur. The initiative builds on previous successes such as the ScamSmart campaign and industry pledges, while emphasizing that industry members and savers must report suspected scams to Action Fraud to help build critical intelligence for identifying emerging pension fraud threats.
justice.gov · 2025-12-08
The Department of Justice filed civil actions against five telecom companies and three individuals for facilitating hundreds of millions of fraudulent robocalls originating primarily from India, targeting elderly and vulnerable Americans with government and business imposter scams. Despite repeated warnings, the defendants continued operating VoIP carrier services that enabled foreign-based fraud schemes involving fake Social Security, IRS, and tech-support calls designed to extort large sums of money from victims. A temporary restraining order was granted against Global Voicecom defendants, with the DOJ pledging to pursue both criminal and civil remedies against those knowingly facilitating these predatory calls.
da.lacounty.gov · 2025-12-08
A 27-year-old man in Lancaster, California was charged with stealing over $4,000 and attempting to steal over $13,000 in public benefits using fraudulent EBT cards obtained through skimming devices at an ATM. The suspect allegedly used nine different cloned cards and possessed multiple skimming devices, pinhole cameras, and re-encoded gift cards in what authorities describe as a sophisticated operation targeting vulnerable benefit recipients. The case highlights California's broader EBT fraud crisis, with over $100 million in stolen funds reported statewide in the past year, primarily in Los Angeles County.
dallasobserver.com · 2025-12-08
In May 2024, an 86-year-old man nearly fell victim to an impersonation scam requesting a fraudulent electronic funds transfer, an experience that inspired his 15-year-old granddaughter, Tejasvi Manoj, to develop Shield Seniors—a web application designed to protect senior citizens from cyber fraud. The platform features educational content, an AI chatbot, email/text analysis tools, and scam reporting resources, all with senior-friendly design elements, and earned an honorable mention in the Congressional App Challenge in November 2024. Cyber fraud cost elderly Americans over $3.4 billion in 2023, with romance scams alone accounting for $
stocktitan.net · 2025-12-08
A Norton study reveals that while 60% of online daters encounter AI-generated responses and many welcome AI tools for dating profiles, AI also enables increasingly sophisticated scams. Dating app users face significant threats: 40% have been targeted by scams with 41% of those becoming victims, including catfishing (55%), romance scams (34%), and sextortion (31%), while only 46% of users can identify fake AI-generated images and 27% have had their photos stolen without permission. Norton launched Genie, a free AI-powered scam detection app, to help users identify fraudulent profiles and protect themselves against these evolving threats.
justice.gov · 2025-12-08
James Henley, 35, of Greenwood, Indiana, was sentenced to ten years in federal prison for orchestrating complex fraud schemes over three years that defrauded homeowners, government agencies, a bank, and an attorney of approximately $2.9 million. His crimes included COVID-19 unemployment fraud ($1.1 million), home title theft (5 homes stolen and sold), mortgage fraud, and auto loan fraud, all facilitated through five fake businesses used to mask his identity and launder proceeds. Henley was ordered to pay $1,887,426.63 in restitution, with co-conspirators including his wife and an associate also facing
br.usembassy.gov · 2025-12-08
This U.S. State Department travel safety advisory warns American citizens visiting Brazil during the 2025 Carnival season to be alert to multiple crime threats, including robbery, date rape drug scams targeting foreigners via dating apps and bars, and theft. The advisory recommends travelers avoid walking alone at night, refrain from displaying valuables or cash, travel in groups, not accept drinks from strangers, and contact local police or U.S. Embassy offices if victimized.
notizie.it · 2025-12-08
Telephone scams targeting elderly people have increased significantly in recent years, but seniors are becoming more empowered to fight back through training courses organized by the Carabinieri in parishes and senior centers. These courses teach pensioners to recognize scam methods through real cases and simulations, enabling them to identify suspicious situations and contact authorities—transforming them from passive victims to active protectors of themselves. Key prevention strategies include never sharing personal information with strangers, verifying caller identity, and maintaining skepticism toward overly attractive offers.
home.barclays · 2025-12-08
In 2024, fraud and scams reached unprecedented levels, with 18 percent of consumers victimized and 34 percent knowing a scam victim, particularly targeting parents and grandparents. Investment scams emerged as the costliest threat, accounting for one-third of all scam losses with an average claim of £15,564, while 75 percent of scams originated on social media and tech platforms, including sophisticated AI voice-cloning schemes that remain underrecognized by consumers. The article emphasizes that while awareness campaigns have successfully educated the public about traditional scams like fake delivery and HMRC fraud, newer technological scams and recruitment fraud require increased education and cross-industry collaboration
pymnts.com · 2025-12-08
Scammers are increasingly personalizing financial fraud tactics by targeting specific demographics based on vulnerabilities and life circumstances, similar to legitimate business marketing strategies. A 2024 PYMNTS Intelligence report found that approximately 3 in 10 U.S. consumers (77 million people) lost money to scams over the past five years, with most victims losing over $500, and that different age groups face different scam risks—such as Gen Z being three times more likely to fall victim to employment scams while older consumers face higher rates of fake eCommerce and identity theft scams. Financial institutions play a critical role in protecting customers by understanding scam tactics and the broader psychological and emotional damage these
trinidadexpress.com · 2025-12-08
A 72-year-old grandmother from Sangre Grande was reported missing after traveling to Brazil to meet a man posing as the Crown Prince of Dubai via Facebook and WhatsApp in a romance scam; the same week, a French interior decorator lost €830,000 to someone impersonating Brad Pitt. Romance scams exploit victims' emotional needs for connection and intimacy through careful trust-building, with scammers using fabricated stories to request money; in Trinidad and Tobago alone, over 100 people lost more than $2.3 million to suspected romance scams between 2020 and 2021.
express.co.uk · 2025-12-08
Lloyds Bank is warning customers never to share one-time passcodes, passwords, or activation codes, as fraudsters are impersonating bank staff over the phone to steal account access and funds. Criminals use stolen personal details to appear legitimate and employ tactics like claiming they need codes to cancel fraudulent payments or secure accounts, though legitimate banks never request such information unsolicited. The warning comes as unauthorized fraud losses reached £358 million in the first half of 2024, with cases rising 19% year-on-year to over 1.5 million incidents.
justice.gov · 2025-12-08
KBWB Operations LLC (doing business as Atrium Health and Senior Living) and its former CEO Kevin Breslin pleaded guilty to health care fraud and tax conspiracy for operating 23 skilled nursing facilities in Wisconsin, New Jersey, and Michigan from 2015-2018. The defendants unlawfully diverted Medicare and Medicaid funds intended for resident care to personal expenses and owner distributions, failed to pay vendors and employee insurance premiums, and directed withheld employee taxes not to be paid to the IRS. Breslin faces up to 10 years in prison for health care fraud and five years for tax conspiracy, with both defendants subject to restitution and sentencing scheduled for May 7
dutchnews.nl · 2025-12-08
In 2024, reports of fake policeman scams targeting elderly people in the Netherlands surged dramatically to over 8,000 incidents (compared to 544 in 2023), with approximately 1,600 victims losing valuables including money and jewelry. Scammers call victims claiming to protect their assets from burglars, use personal information obtained from dark web data trades to build trust, and send operatives to collect items; 357 arrests were made, though the organized scheme operates from call centers coordinating multiple robberies across different cities nightly.
timesnownews.com · 2025-12-08
A 60-year-old Bengaluru man lost Rs 2.8 crore in November-December 2024 after scammers posing as Citibank representatives contacted him via WhatsApp and sent him a free Redmi smartphone and SIM card, claiming he needed to update his phone number to activate a credit card. Once the victim set up the compromised device and entered his banking details, pre-installed malware allowed the fraudsters to clone his sensitive information, bypass security measures, and transfer the funds without authorization. The article advises never trusting unsolicited device offers, avoiding sharing banking details with unknown callers, being cautious of WhatsApp communications from
thefintechtimes.com · 2025-12-08
Revolut introduced an in-app calling feature for personal customers to combat impersonation scams, where fraudsters impersonate banks or trusted authorities. The feature creates a secure communication channel within the app that external parties cannot replicate, allowing customers to verify they are speaking with legitimate Revolut representatives. Impersonation scams among Revolut customers have declined to their lowest levels in nearly two years despite the company's user growth.
oag.dc.gov · 2025-12-08
**Summary:** Washington D.C. Attorney General Brian L. Schwalb issued a consumer alert warning residents about charity scams targeting donations for California wildfire relief efforts. The alert provides guidance on verifying charities through independent sources (IRS, BBB, Charity Navigator, etc.), confirming proper licensing, and identifying red flags such as requests for immediate payment via non-refundable methods, demands for personal information, or pressure tactics. Donors are advised to research organizations before giving, request written documentation, and donate only to trusted charities with transparent information about how funds will be used.
Benefits Fraud Charity Scams Scam Awareness Wire Transfer Cash Payment App Money Order / Western Union
justice.gov · 2025-12-08
Miranda Rachel Briggs, 34, of Georgia pleaded guilty to wire fraud after falsely claiming to be the surviving spouse of a deceased U.S. Army veteran to fraudulently obtain approximately $129,000 in VA benefits and medical care. Briggs had divorced the veteran before his death in 2018 but subsequently filed false claims with the VA and Civilian Health and Medical Program, and even had herself named administrator of his estate by misrepresenting her marital status. She faces up to 20 years in prison plus restitution and financial penalties upon sentencing.
newslj.com · 2025-12-08
This article compiles multiple elder fraud alerts and prevention tips: A Wyoming resident received an extortion email falsely claiming malware access (a common scare tactic), while another fell victim to a phishing email impersonating Microsoft to steal account credentials. The Identity Theft Resource Center predicts cybercrime will surge in 2025 due to reduced government resources and increased AI exploitation, while identity fraud cost Americans $43 billion in 2023—with veterans particularly vulnerable, losing $477 million that year to service-focused scams. Key prevention measures include verifying sender identities, avoiding suspicious attachments and links, using strong passwords with multi-factor authentication, and monitoring credit reports regularly.
koaa.com · 2025-12-08
A Pueblo man encountered a fake job scam on Facebook advertising remote work for major retailers like Costco and Best Buy, where he earned $96 in a virtual wallet for reviewing products before being told he needed to invest $60-$80 to withdraw his earnings. The incident exemplifies "task scams" identified by the Federal Trade Commission, where fraudsters build trust with small initial payouts before demanding upfront fees with promises of larger returns. Key warning signs of employment scams include unrealistic salaries, vague job descriptions, lack of video interviews, requests for personal information, and demands for upfront fees or unusual payment methods.
Investment Fraud Benefits Fraud Scam Awareness Wire Transfer Gift Cards Cash
cgsentinel.com · 2025-12-08
This educational article warns that scams occur year-round through emails, texts, and phone calls, often impersonating legitimate agencies and using threats of penalties or emotional manipulation to extract personal information and payments via gift cards, bitcoin, or money orders. The article advises verifying agency legitimacy by independently looking up contact information, bookmarking official websites, and never sharing passwords or clicking links from suspicious communications. The Lincoln County Sheriff's Office specifically clarifies it will not contact residents about jury duty, request phone payments, or accept non-traditional payment methods.
Phishing Identity Theft Grandparent Scams Benefits Fraud Robocalls / Phone Scams Cryptocurrency Gift Cards Money Order / Western Union
newportnewstimes.com · 2025-12-08
This article is not about elder fraud, scams, or elder abuse. It is a weather forecast combined with general consumer fraud prevention guidance from the Lincoln County Sheriff's Office. While it contains useful scam awareness information (recognizing common scam tactics, verification methods, and what legitimate agencies will not do), it does not describe a specific fraud incident, victim demographics, financial losses, or outcomes relevant to an elder fraud research database. **Note:** If you have an article specifically about elder fraud or scams targeting older adults, please submit that for summarization.
Phishing Identity Theft Grandparent Scams Benefits Fraud Robocalls / Phone Scams Cryptocurrency Gift Cards Money Order / Western Union
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.
aarp.org · 2025-12-08
In 2023, Americans aged 60 and over filed over 101,000 internet crime complaints resulting in losses exceeding $3.4 billion, with fraud remaining significantly underreported. AARP's hearing center provides practical defense strategies, emphasizing that scam vulnerability is universal regardless of intelligence or education level, and recommends adopting practices such as radical skepticism toward unsolicited contacts, pausing when pressured emotionally, being wary of requests for secrecy, monitoring accounts regularly, and educating oneself about fraud threats.
Tech Support Scams Phishing Benefits Fraud Robocalls / Phone Scams General Elder Fraud Cryptocurrency Gift Cards Payment App Check/Cashier's Check
co.lincoln.or.us · 2025-12-08
This educational tip sheet warns that scams increase at the start of the year through emails, texts, and phone calls, often impersonating legitimate agencies and threatening immediate payment via gift cards, Bitcoin, or money orders. The advice emphasizes verifying agency legitimacy through independent contact information lookup, bookmarking official websites, avoiding suspicious links, and remembering that legitimate agencies will not request passwords or demand payment through non-traditional methods. The Lincoln County Sheriff's Office specifically clarifies it does not contact people about jury duty or solicit payments by phone or unconventional payment types.
Phishing Grandparent Scams Benefits Fraud Robocalls / Phone Scams Scam Awareness Cryptocurrency Gift Cards Money Order / Western Union
qns.com · 2025-12-08
Twenty-four elderly residents of B'nai B'rith Queens Apartments fell victim to an EBT skimming scam in December that depleted their food benefits, leaving them unable to purchase groceries before the holidays. Queens Council Member Sandra Ung partnered with the Met Council nonprofit to deliver 54 boxes of food and winter supplies to the affected seniors, with additional boxes distributed to other community members impacted by similar benefits theft. The scam involved thieves placing devices on store card readers in Downtown Flushing to steal EBT card information, prompting Ung's office to work with local police to identify hotspots and alert affected businesses.
thinkadvisor.com · 2025-12-08
I cannot provide a meaningful summary of this content. The text appears to be a navigation menu or FAQ index rather than an actual article explaining the "senior deduction." It lists only question titles and "Get Answer" links without providing the substantive information needed to summarize what the deduction is, how it works, or its requirements. To create an accurate summary for the Elderus database, please provide the full article text with the actual explanatory content about the senior deduction.
thinkadvisor.com · 2025-12-08
This content appears to be a table of contents or FAQ index page rather than an article with substantive information. It does not contain actual details about the "senior deduction" or other tax topics—only question titles and links. A summary cannot be provided without the actual article content explaining what the senior deduction is, who qualifies, eligibility requirements, or any scam/fraud-related information relevant to the Elderus database.
bangaloremirror.indiatimes.com · 2025-12-08
Fraudsters in Bengaluru are circulating fake links to a counterfeit PM Kisan Yojana app on social media platforms, targeting vulnerable farmers and others who download the malicious APK file, which grants hackers unauthorized access to phones and sensitive financial data. While APK and OTP-related cybercrimes declined from 1,860 cases in 2022 to 893 in 2024, police warn of this resurgent threat, citing a case where a traveler lost ₹87,125 after being tricked into downloading an APK and granting screen mirroring access. Authorities urge citizens to verify app authenticity through official
atg.wa.gov · 2025-12-08
Washington Attorney General Bob Ferguson announced that Metropolitan Commercial Bank will pay $10 million to the state as part of a fraud recovery initiative that has collected over $52 million from financial institutions that accepted stolen COVID-19 pandemic unemployment funds. Criminals stole more than $15 million from Washington's unemployment fund in 2020 using fake identities and MovoCash, a fintech company sponsored by Metropolitan, which failed to implement adequate anti-fraud and money-laundering safeguards. This marks the second phase of Ferguson's investigation—the first to pursue fintech companies through state consumer protection laws—following an initial phase that recovered $42 million from 26 financial institutions through asset forfeiture.
citizen.co.za · 2025-12-08
A group of elderly residents in Pietermaritzburg were defrauded of their pension and savings money after paying for a holiday tour that never materialized; the tour operator who collected the funds disappeared and became unreachable, leaving the seniors stranded and waiting for a bus that never arrived.
malaymail.com · 2025-12-08
Three Malaysian victims lost a combined RM5.4 million to love scams and phone fraud between October 2017 and November 2024. A 67-year-old accountant from Sabah lost RM2.2 million to a Facebook romance scam over seven years, while a 57-year-old woman lost RM2.47 million after a scammer posing as customs officials claimed her online boyfriend had been arrested, and a 61-year-old government pensioner lost RM804,903 to a phone scam impersonating utility and bank officials. All three cases are being investigated under Section 420 of the Penal Code, with
forbes.com · 2025-12-08
This article by Brian Greenberg, CIO/CTO of RHR International, discusses the prevalence of fake profiles and online scams in the digital age, noting that in 2022 Americans lost $1.3 billion to romance scams alone and $8.8 billion to overall online fraud, with bots comprising over 47% of internet traffic. Greenberg advocates for online platforms to offer free verified accounts to combat these threats by increasing user trust, protecting vulnerable populations like teenagers and elderly adults, and reducing the spread of misinformation. The proposal emphasizes that free verification would enhance platform safety and reputation while ensuring all users can protect themselves regardless of financial status.
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