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in Investment Fraud
freepressjournal.in
· 2025-12-08
A 52-year-old man from Pune was defrauded of Rs77.74 lakh over four months by scammers who lured him with promises of high returns in gold mining and forex trading investments. After registering on a fraudulent trading portal and making 51 transactions, he saw his account balance grow to Rs2.57 crore but was unable to withdraw funds starting in December, when scammers demanded an additional Rs26 lakh as a "risk security deposit." He reported the scam to cyber crime police, and a case was filed under cheating and IT Act violations.
thefinanser.com
· 2025-12-08
Romance scams increased 30% in the previous year, with men comprising 53% of victims and those aged 65-74 most frequently targeted; notable cases include a French woman who lost over $1 million to an imposter and victims featured in the Netflix documentary "The Tinder Swindler." Lovesaid, a non-profit organization founded by romance fraud survivors Cecilie Fjellhøy and Anna Rowe, addresses the issue by providing emotional support and practical resources to victims while simultaneously advocating for systemic changes in how financial institutions and technology companies prevent and respond to romance fraud.
local3news.com
· 2025-12-08
Elderly people aged 60 and older lost approximately $3.4 billion to scams in 2023, an 11% increase from the previous year, with seniors targeted because they hold significant wealth and are susceptible to increasingly sophisticated fraud tactics. The most common scams affecting seniors include romance scams (averaging $2,000 per victim), investment/cryptocurrency scams, gift card scams, texting scams, home improvement scams, and imposter scams, which often involve refined variations of traditional schemes rather than entirely new tactics. Experts recommend staying connected with elderly loved ones and remaining vigilant about suspicious offers that create artificial time pressure or build false relationships, as scammers exploit lon
makeuseof.com
· 2025-12-08
Online job offer scams use deceptive tactics including fake email domains, vague job descriptions with buzzwords, requests for upfront fees, and pressure to hire immediately without proper vetting. The author shares personal experience falling victim to a pyramid scheme disguised as a job offer and recommends verifying company domains, checking for professional job descriptions, never paying hiring fees, and using trusted job boards like Indeed, Glassdoor, and LinkedIn to avoid fraudulent postings.
newindianexpress.com
· 2025-12-08
A 45-year-old man from Kerala lost Rs 4.05 crore to a WhatsApp-based share trading scam in late 2024, part of a broader fraud epidemic in the state where 23,753 people lost Rs 201 crore to online financial frauds in 2023 alone. Additional major scams include a Rs 4.08 crore scheme targeting a Kozhikode doctor and an estimated Rs 1,000 crore CSR-based scam promising discounted scooters and laptops. Experts attribute Kerala's vulnerability to fraud to cultural factors including competitive mentality, herd behavior in financial decisions, and susceptibility
businesstimes.com.sg
· 2025-12-08
Standard Chartered Bank partnered with the Infocomm Media Development Authority (IMDA) to conduct monthly digital literacy workshops for seniors aged 50-90 from August 2024 to February 2025, addressing Singapore's 16.3% rise in scam cases in the first half of 2024. The workshops taught seniors how to identify and protect themselves from fake friend, investment, and phishing scams, with 120 participants and 70 bank volunteers participating in hands-on training sessions. The initiative, part of a corporate volunteering program, demonstrates how partnerships between financial institutions and government agencies can raise fraud awareness and help vulnerable populations avoid becoming victims of self-effected transfer
propublica.org
· 2025-12-08
**Article Type:** Government/Tax Fraud Accountability
The new acting administrator of the General Services Administration appointed Frank Schuler IV, co-founder of a firm that profited from "syndicated conservation easement" tax shelter schemes, as a senior adviser. Schuler's company exploited a tax deduction intended for land conservation by packaging inflated property appraisals into outsized tax deductions for wealthy clients, costing the government tens of billions in revenue and earning promoters millions in fees; the scheme was finally restricted through 2022 legislation after years of IRS crackdowns, court cases, and a bipartisan Senate investigation that deemed it among "the worst of the
express.co.uk
· 2025-12-08
Romance scams using AI-generated deepfake videos impersonating celebrities became the most reported scams in 2024, with criminals creating hyper-realistic videos and audio to trick victims into fraudulent relationships or investment schemes. A recent investigation by London's Proactive Economic Crime Team led to two arrests after victims handed over approximately £200,000, including one individual who lost £60,000, while a similar case involving a deepfake of Martin Lewis and Elon Musk defrauded a tradesman of £76,000. The technology has evolved faster than regulatory measures, making it increasingly difficult for the public to distinguish real from fabricated content, with deepfake attempts occurring every five
whitehallledger.com
· 2025-12-08
The Montana Commissioner of Securities and Insurance has issued a warning about the rising threat of romance scams in the state, where scammers use fake online profiles to build trust and solicit money from victims. According to the Federal Trade Commission, romance scams caused $823 million in losses nationwide through September 2024, with Montana ranking seventh highest in per capita internet crime losses in 2023, partly due to geographical isolation and residents' trusting nature. The CSI advises Montanans to be skeptical of online contacts who avoid in-person meetings or request money, consult trusted friends and family, and report suspected fraud to csimt.gov or 406-444-3815.
regtechtimes.com
· 2025-12-08
Romance scams, where fraudsters create fake profiles on dating apps and social media to manipulate victims emotionally and extract money, have increased 14% globally in 2024 with over 1,193 new scam profiles detected. The United States (38%), Nigeria (14%), and India (12%) are the most affected countries, with scammers employing tactics like "love bombing," fake personas, and blackmail to exploit victims over weeks or months. Tech companies including Meta, Tinder, Bumble, and Google are implementing AI-powered detection systems, safety notices, and content filters to identify and remove fraudulent accounts and warn users of suspicious activity.
dailydot.com
· 2025-12-08
An FBI field office in Cleveland, Ohio canceled a free educational presentation on scams targeting seniors scheduled for February 17th at a Geauga County YMCA, with an agent initially citing a new executive order prohibiting FBI community outreach. The FBI later clarified the cancellation resulted from miscommunication rather than any official policy change, and stated it remains committed to its community outreach programs and fraud prevention education for seniors.
goldcountrymedia.com
· 2025-12-08
This appears to be a system notification or website error message rather than an article about elder fraud, scams, or abuse. It contains generic website messaging about email verification and session renewal, along with an unrelated notice about a local history museum. This content does not contain information suitable for the Elderus elder fraud research database.
news18.com
· 2025-12-08
The "call merging scam" tricks victims into revealing their One-Time Passwords (OTPs) by having an unknown caller claim to connect them to a friend, then merging the call with a legitimate bank OTP verification line, causing victims to unknowingly share their OTP with fraudsters who then complete unauthorized transactions. The National Payments Corporation of India's Unified Payments Interface (UPI) issued an urgent warning advising users to never merge calls from unknown numbers, verify caller identity before taking action, and immediately report suspicious OTPs to their bank at 1930.
truthout.org
· 2025-12-08
This article concerns a federal government appointment rather than elder fraud, so it falls outside Elderus's scope of elder abuse and scams targeting seniors. The piece details how Frank Schuler IV, co-founder of a real estate firm that profited from "syndicated conservation easement" tax schemes condemned by the Senate and IRS, was appointed as a senior adviser to the GSA administrator—a position critics argue is inappropriate given Schuler's history exploiting tax provisions and costing the government billions in lost revenue.
king5.com
· 2025-12-08
A Washington State House hearing examined a bill to protect vulnerable adults after an Olympia senior citizen lost $300,000 in a coercion scam where fraudsters convinced her to liquidate investments and wire funds to purchase gold coins. The proposed House Bill 1900 would require banks to flag suspected fraudulent activity on vulnerable adults' accounts and immediately notify state authorities, addressing a gap in federal law that leaves victims of coerced wire transfers without reimbursement protection. The bill's sponsor cited the victim's case as motivation to prevent others from losing their life savings to financial exploitation.
ft.com
· 2025-12-08
In 2023, a UK sustainability consultancy lost £324,634 to an authorized push payment (APP) fraud scam where criminals impersonated a client's email to trick an employee into transferring funds; the victim spent 11 months and £100,000 in legal fees attempting recovery and ultimately declared the company insolvent. While new UK regulations implemented in October 2024 now mandate reimbursement up to £85,000 for APP fraud victims, fraud experts and affected individuals report the system remains broken due to police inaction, regulatory gaps, and inconsistent bank treatment of claims. APP fraud accounted for 40 percent of all fraud losses in the UK in 2
ukiahdailyjournal.com
· 2025-12-08
An elderly woman lost money to a romance scam in which an online suitor fabricated emergencies (car accident, medical bills) to request loans totaling over $1,000. The executive director of the Ukiah Senior Center describes this as part of a widespread trend of financial fraud targeting seniors, including romance scams, impersonation schemes (government officials, grandchildren), and lottery scams. The article advises victims to verify requests before sending money, watch for red flags in online relationships, and report suspected fraud to law enforcement or the Federal Trade Commission without shame.
ktvh.com
· 2025-12-08
Susan Halls Skinner, a former property manager at Pheasant Glen Residences (a low-income senior housing facility in Helena, Montana), was sentenced to 10 years in detention for embezzling $71,000 from more than 16 vulnerable tenants and exploiting elders by applying for emergency rental assistance benefits without their consent. Skinner had systematically taken cash rent payments without crediting tenant accounts while managing the property for the Rocky Mountain Development Council; she pleaded guilty to one count of felony theft by embezzlement and one count of elder exploitation, and was ordered to pay $71,000 in restitution.
kxlh.com
· 2025-12-08
Susan Skinner, property manager for Pheasant Glen Residences (a low-income housing facility in Montana), was sentenced to 10 years in detention for embezzling $71,000 from over 16 vulnerable tenants by pocketing their rent payments and fraudulently applying for emergency rental assistance benefits without their consent. Skinner pleaded guilty to one felony count of theft by embezzlement and one count of elder exploitation; she was ordered to pay full restitution of $71,000 and paid $40,000 immediately upon sentencing.
wtov9.com
· 2025-12-08
A Texas man, Rockey Kuykendall, was arrested and extradited to West Virginia for defrauding an elderly Marshall County woman of approximately $53,000 through a prize-winning scam, in which he posed as a local representative claiming to deliver a cash prize and vehicle. The victim's alert family member reported the scheme, enabling detectives to trace checks and identify the suspect, with assistance from Texas National Bank and Marshall Police. Authorities indicate the investigation is ongoing and warn of increasing elder fraud cases, urging victims and their families to report suspected scams immediately.
justice.gov
· 2025-12-08
**Summary:**
An Indian national, Moinuddin Mohammed, was sentenced to 97 months in federal prison for his role as a courier in an international money laundering conspiracy that defrauded elderly victims of nearly $6 million. The scheme involved fraudsters impersonating U.S. government officials to convince victims to surrender cash, gold, and savings; identified victims lost between $151,500 and $470,000 each, with 21 total victims nationwide. Mohammed was ordered to pay approximately $960,000 in restitution and forfeit an additional $36,000 in seized assets.
states.aarp.org
· 2025-12-08
Thirty New York organizations, including AARP, have signed a letter supporting Governor Hochul's proposal to allow banks to place holds on transactions suspected of involving elder financial exploitation. According to FBI data, elder fraud complaints increased 14% nationally in 2023 with associated losses up 11%, and New York ranks among the top five states for elder fraud complaints and monetary losses. An AARP survey found 88% of New Yorkers age 45 and older support the proposed measure to protect vulnerable seniors from scammers using sophisticated methods to target older adults.
patch.com
· 2025-12-08
**Summary:**
A speaker will present "Break Your Bank, Break Your Heart: Avoiding Romance Scams" at the La Canada Community Center on February 28, 2025, addressing the growing threat of romance scams targeting seniors. The presentation will cover the warning signs of romance scams, how to avoid them, recovery strategies, common victim characteristics, and ways to strengthen emotional resilience against these emotionally and financially devastating schemes.
moonstone.co.za
· 2025-12-08
"Pig butchering" is a rapidly growing romance scam that combines fake romantic connections with cryptocurrency fraud schemes, primarily targeting victims on dating platforms and social media. South Africans lost over R125 million to online dating scammers in 2022, with scammers now using AI and deepfake technology to create increasingly convincing fake profiles and lure victims into fraudulent investment schemes. These operations, run by international crime syndicates that often exploit trafficked workers, build long-term emotional trust before pressuring victims to send cryptocurrency, which is then laundered through shell companies and criminal networks.
usatoday.com
· 2025-12-08
A 30-year-old Florida man was ordered to pay over $1.1 million for operating EmpiresX, a $100 million cryptocurrency Ponzi scheme that defrauded investors across 50+ countries from 2020-2021. The article explains common crypto scams including Ponzi schemes, pig-butchering scams (which combine romance fraud with fake investment schemes), and advises protection strategies such as verifying investment legitimacy, being cautious of unsolicited financial offers, and understanding that cryptocurrency transactions are difficult to reverse or recover.
kob.com
· 2025-12-08
The FBI warns that romance scams continue to target people seeking relationships online, with scammers building trust to solicit money or banking information from victims. Key prevention measures include never sending money to unknown individuals, moving relationships slowly while asking questions, and immediately ending contact if someone requests financial information. The FBI's Albuquerque office highlighted these concerns as part of broader fraud prevention efforts.
finance.yahoo.com
· 2025-12-08
Cryptocurrency remains vulnerable to increasingly sophisticated scams as technology advances. Experts warn of two major threats in 2025: AI-driven pump-and-dump schemes where scammers use hundreds of thousands of AI agents to artificially inflate coin prices before selling off for profit, and copycat token scams where fraudsters create fake or misleading tokens mimicking legitimate projects to deceive investors seeking ground-floor opportunities. The article advises investors to be suspicious of sudden price surges without history, conduct thorough due diligence on projects and founders, and avoid rushing into investments based on FOMO (fear of missing out).
cbsnews.com
· 2025-12-08
A Queens woman lost nearly $700,000 to scammers who posed as FTC officials and claimed her Social Security number was compromised, convincing her to drain her bank accounts and purchase gold bars and coins as "asset protection." The scammers maintained contact for over a month, threatened her with surveillance and jail time to prevent disclosure, and disappeared after collecting the gold and cash via courier; her family discovered the fraud only when she posted a GoFundMe page on Facebook. This elaborate scheme involving spoofed phone numbers, fake government emails, and precious metals represents a variation of investment scams targeting seniors that the FBI has previously warned about.
vox.com
· 2025-12-08
Text message scams have become a sophisticated and growing threat, with complaints increasing 500 percent from 2015 to 2022 as scammers use AI and personal data to craft convincing, targeted messages about unpaid fines, packages, and other common scenarios. In 2024 alone, phone scammers stole over $25 billion, averaging $450 per victim, with risks increasing when messages include personal details like names or addresses. The article advises consumers to verify suspicious texts independently, avoid clicking links from unknown senders, and recognize red flags like unusual domain extensions, as human vigilance remains the most effective defense against increasingly sophisticated text fraud.
cardrates.com
· 2025-12-08
The Federal Trade Commission estimates that financial scams against older Americans in 2023 resulted in losses as high as $61.5 billion, with individuals over 60 reporting fraud more frequently than any other age group. Tech support fraud, where criminals impersonate legitimate tech employees to gain access to victims' accounts, is the leading fraud type targeting seniors. Huntington Bank launched a Caregiver Banking program in December 2024 that allows older adults and those needing financial assistance to securely share account access with trusted caregivers or family members to help prevent fraud exploitation.
newsbreak.com
· 2025-12-08
**Summary:**
A 60-year-old San Luis Obispo man was defrauded of $2,717 by his caregiver, 37-year-old Jessica Hamilton, and her boyfriend Rafael Gonzales, who made unauthorized cash advances, ATM withdrawals, and purchases at entertainment venues between October 2024 and January 2025 using the victim's debit card that he had entrusted to Hamilton for medication payments. Hamilton and Gonzales were arrested on February 8, 2025, with Hamilton facing charges including felony elder abuse, felony embezzlement, felony conspiracy, and felony dissuading a witness after she attempted to persuade the victim
yahoo.com
· 2025-12-08
Susan Halls Skinner, a former Capital High cheer coach and property manager also known as Sue Bannon, was sentenced for embezzlement and elder exploitation. The case involved her misappropriating funds while managing properties and exploiting elderly individuals. Specific details regarding dollar amounts or sentencing terms were not included in the provided excerpt.
justice.gov
· 2025-12-08
Two brothers, Zubair and Muzzammil Al Zubair, and Michael Leon Smedley, the chief of staff to the mayor of East Cleveland, were charged in a 32-count superseding indictment with fraud, money laundering, tax fraud, and public corruption spanning from June 2020 through August 2023. The Al Zubair brothers executed multiple schemes including investment fraud, SBA COVID-19 loan fraud, cryptocurrency mining scams, and international arms trafficking fraud while falsely claiming to be a member of the UAE royal family and a legitimate hedge fund manager. Smedley allegedly leveraged his city position to provide official letters, city business
nasdaq.com
· 2025-12-08
Cryptocurrency scams are evolving with AI technology, with pump-and-dump schemes and copycat tokens emerging as major threats in 2025. Scammers use AI agents to artificially boost coin prices before selling for profit, and create fraudulent tokens mimicking legitimate projects to deceive investors seeking early-stage opportunities. Experts advise investors to conduct thorough due diligence on projects, communities, and founders before investing, and to be suspicious of sudden price surges with no performance history.
rbcwealthmanagement.com
· 2025-12-08
Cryptocurrency investments carry substantial risk and have become a prime target for scammers, with crypto-related fraud losses reaching $5.6 billion in 2023, a 45 percent increase from the previous year according to the FBI. Common crypto scams include fake investment opportunities promising guaranteed returns, phishing schemes using counterfeit websites, celebrity endorsement fraud, and Ponzi schemes that recruit investors but misuse funds. Individuals considering cryptocurrency investment should familiarize themselves with these scam tactics and verify the legitimacy of any platform before providing personal information or money.
digit.in
· 2025-12-08
A 40-year-old software engineer in India lost Rs 33.75 lakh in a share trading scam after being added to a messaging group where a fraudster posing as a stockbroker lured him with promises of high returns through fake trading software and IPO investments. After the victim transferred money to multiple bank accounts, the scammer prevented him from withdrawing or selling his shares. To avoid such scams, verify trading platforms through official channels, avoid unsolicited investment groups, be skeptical of unusually high returns, watch for red flags like restricted withdrawals, and report suspected fraud to authorities immediately.
chicagotribune.com
· 2025-12-08
Naperville residents reported losing nearly $5.5 million to scams in 2024, representing a dramatic increase from previous years, according to police authorities. The most common fraud schemes included arrest warrant extortion, "pig butchering" (romance/investment scams), phishing, and online marketplace fraud, with victims ranging from age 15 to 91. Police note that actual losses likely exceed reported figures, as many victims don't report due to shame, and funds paid via gift cards or cryptocurrency are rarely recoverable.
huffpost.com
· 2025-12-08
A thriller writer whose husband ran a fitness company fell victim to an investment scam despite her extensive study of con artist psychology. The con artist, using a generic name and fake LinkedIn credentials, exploited the couple during a vulnerable period—the husband was financially stressed from a struggling post-pandemic business while the wife was severely ill during pregnancy. The fraudster used emotional manipulation, fabricating stories about fatherhood and sharing fake family photos, to build trust and eventually defraud them of funds for promised business expansion.
bangaloremirror.indiatimes.com
· 2025-12-08
Two women in Bengaluru lost a combined approximately Rs 19 lakh to online astrologers operating on Instagram who promised to resolve their personal and financial problems through paid rituals. The scammers gained victims' trust through initial small payments, then coerced them into escalating payments for elaborate rituals (claiming issues like Shani dosha), before disappearing with the money and offering minimal refunds. Police warn that these cyber fraudsters use psychological manipulation and social media to exploit vulnerable individuals, with a consistent pattern of building trust, making alarming predictions, demanding large sums, and then vanishing.
michigan.gov
· 2025-12-08
**Summary:**
Michigan Attorney General Dana Nessel joined a coalition of 23 state attorneys general in filing an amicus brief to support the Consumer Financial Protection Bureau (CFPB) and its federal employees, following the Trump administration's directive to halt ongoing investigations into deceptive and abusive financial conduct. The CFPB has returned over $20 billion to defrauded consumers since its 2011 creation, and the coalition warns that shutting down the agency could reduce oversight of major banks and prevent consumers from reporting fraud, potentially recreating conditions similar to those preceding the 2008 financial crisis.
scmp.com
· 2025-12-08
Aurora Phelps, 43, used online dating apps to target at least four elderly men between 2021 and 2022, drugging them with prescription sedatives and stealing hundreds of thousands of dollars through a scheme the FBI called a "romance scam on steroids." Three victims died, including one whom Phelps allegedly sedated, transported across the U.S.-Mexico border in a wheelchair, and abandoned in a Mexico City hotel room; she also stole their vehicles, drained bank accounts, used credit cards for luxury purchases, and attempted to access their social security and retirement accounts. Phelps, currently in custody in Mexico, faces 21 federal charges including wire fraud,
islandpacket.com
· 2025-12-08
**Article:** "What can I do about all these scams? Tips and tricks to keep you and your loved ones safe"
Beaufort County, South Carolina residents—particularly older adults—face a high risk of scams, with the state ranking seventh nationally for fraud cases. Common schemes targeting seniors include cryptocurrency scams (up 900% since 2020), contractor fraud, phone solicitation, and religious impersonation scams. The FTC advises identifying scams by recognizing when scammers impersonate legitimate organizations, create false urgency or prize claims, and pressure immediate action or unusual payment methods.
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.
thetimes.com
· 2025-12-08
Scams in the UK have become increasingly sophisticated and target all demographics, not just the elderly—16–34 year olds actually account for half of online fraud victims due to their frequent use of quick payment methods and distracted smartphone habits. Fraud is the UK's most common crime with an estimated nine million victims last year, yet only one in 1,000 reported cases results in conviction, with scammers employing tailored techniques ranging from AI deepfakes in video calls to romance baiting on dating apps. The article emphasizes that no online platform is safe and that even highly educated, tech-savvy individuals are vulnerable to sophisticated social engineering tactics.
astroawani.com
· 2025-12-08
Deepfake technology poses a growing fraud threat in Malaysia, with cybercriminals using AI-generated voices, faces, and digital identities to conduct romance scams, investment fraud, and phishing attacks. In 2023, authorities reported 454 deepfake fraud cases resulting in RM2.272 million in losses, with criminals impersonating prominent figures and creating fake social media accounts. While Malaysia lacks specific deepfake legislation, CyberSecurity Malaysia is implementing detection technologies and awareness programs, though experts warn the public must remain vigilant as technology advances faster than regulatory and protective measures.
thephuketnews.com
· 2025-12-08
Scam calls and online fraud in Phuket, Thailand have dramatically escalated, with victims jumping from 1,365 in 2022 (B10.9 million in losses) to 5,510 in 2024 (B413 million in losses). In January 2025 alone, Thailand recorded 31,165 technology-related fraud cases averaging 1,005 per day, with fraudulent online sales, job offer scams, and investment schemes causing over B2 billion in damages. Authorities recommend verifying suspicious calls by hanging up and blocking the number, using caller ID apps, and remembering that legitimate government notifications arrive as physical letters, not
richlandsource.com
· 2025-12-08
A 71-year-old widow named Linda Talbott was scammed out of nearly $12,000 by a man posing as "James" in an online romance scheme that lasted almost two years. The scammer manipulated Talbott into providing her Social Security number (redirecting her checks to Alabama), cashing fraudulent checks, and isolating her from support systems, ultimately leaving her homeless and living in her car in a Walmart parking lot. Between 2019 and 2023, the FTC received over 269,000 romance scam reports with total losses exceeding $4.5 billion, with scammers typically building trust through fake profiles and promises of
prnewswire.com
· 2025-12-08
Janine Williamson, administrator of the Larry W. Cook Estate, is advocating for stronger protections against elder financial fraud following her uncle's loss of millions of dollars in a phishing scam. Williamson has met with banking industry leaders and is lobbying federal lawmakers to support legislation like Virginia's "Larry's Law," which would require financial institutions to train employees to identify and report senior exploitation, while also pursuing a $3.6 million negligence lawsuit against Wells Fargo and Navy Federal Credit Union. She is calling for a government-appointed Fraud Task Force to disrupt fraud schemes and help victims.
wvnews.com
· 2025-12-08
**Financial Exploitation via Unauthorized ACH Transfers**
Steven and Ashley Simpson of Charmco, West Virginia were arrested and charged with financial exploitation and computer fraud after allegedly stealing approximately $36,000 from an 82-year-old victim's bank account between August 2023 and December 2024. The couple obtained the victim's banking information from a payment check issued for construction work they performed, then used it to conduct unauthorized ACH transfers until the victim discovered her account was overdrawn. Both defendants face 103 counts of computer fraud and related charges, with bonds set at $50,000 and $100,000 respectively.
thestar.com.my
· 2025-12-08
A 73-year-old senior citizen in Petaling Jaya lost RM4 million after being lured into a fraudulent investment scheme advertised on social media, which promised unrealistic daily returns of up to 10% and directed her to transfer funds to multiple bank accounts. The victim discovered the scam only when scammers demanded additional payments to withdraw profits. Police warn the public to avoid suspicious investment offers on social media, particularly those promising unusually high returns.