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miamitimesonline.com
· 2025-12-08
U.S. Sen. Ashley Moody joined a bipartisan group of lawmakers in sending a letter to federal officials demanding coordinated efforts to combat international financial scams targeting seniors, which cost victims over $3.4 billion annually. The letter, signed by senators including Rick Scott, Mark Kelly, and Kirsten Gillibrand, requested enhanced investigations, increased foreign law enforcement partnerships, public awareness campaigns, and improved interagency coordination. Moody, a member of the Senate Special Committee on Aging, has prioritized senior fraud issues, previously recovering millions of dollars for victims as Florida's Attorney General and supporting the designation of National Slam the Scam Day.
aol.com
· 2025-12-08
Christopher Earl Lloyd, 39, of Orange County, California, was federally charged with 14 counts of fraud for operating a romance scam via dating apps (Tinder, Hinge, Bumble) from April 2021 to February 2024. Lloyd posed as a successful investor and finance manager, deceiving at least five victims into sending him over $2 million through false promises of investment returns and insurance guarantees, while actually using the funds for personal expenses including a $40,000 Lexus purchase. He faces up to 20 years in prison per wire fraud count if convicted.
thestar.com.my
· 2025-12-08
Nearly 20 Hong Kong residents lost HK$10 million (US$1.3 million) to online romance scams over two weeks, with 40% of victims aged over 60. One notable case involved a 70-year-old man who lost HK$3 million in savings plus HK$1 million in debt after being befriended via WhatsApp by a scammer posing as a neighbor, who then gained his trust through romantic messages and convinced him to invest in cryptocurrency. Police recommend verifying identities through video calls, avoiding rushed emotional or financial commitments with online strangers, and using the "Scameter" tool to check suspicious contacts and websites.
san.com
· 2025-12-08
A 39-year-old California man, Christopher Earl Lloyd, was indicted on 14 federal charges for operating a romance scam across multiple dating apps (Tinder, Hinge, Bumble) from April 2021 to February 2024, defrauding victims of over $2 million. Lloyd posed as a successful financial manager and falsely promised investment opportunities while collecting money via wire transfers, Zelle, Cash App, and cash, then spent the funds on personal expenses instead of investments. He faces up to 20 years in prison per wire fraud count and an additional 10 years for money laundering.
koaa.com
· 2025-12-08
A Colorado author lost nearly $160,000 to a combined romance and investment scam in 2024, first depositing over $100,000 into a cryptocurrency platform recommended by a woman he met on a dating app, then losing an additional $50,000 to a fake scam recovery service when he attempted to retrieve his funds. After filing reports with the FBI, Colorado Attorney General's office, and FTC, Kern received no response and is now focused on repaying his parents, whose retirement funds he borrowed from to pay the fraudulent recovery service. The case exemplifies how romance scams—which ranked in the top 10 FBI complaints for 2024—often escalate into secondary frau
abc7.com
· 2025-12-08
Christopher Lloyd, a 39-year-old from Whittier, California, was arrested for operating a romance scam using dating apps including Tinder, Hinge, and Bumble between April 2021 and February 2024, defrauding victims of over $2 million. Lloyd posed as a financially successful investor, convincing victims to give him money under the pretense of investment opportunities with promised returns. He faces 13 counts of wire fraud and one count of engaging in monetary transactions derived from fraud, with a potential sentence of up to 30 years in prison if convicted.
chronline.com
· 2025-12-08
An Eastern Oregon woman in her 60s lost $600,000 to scammers posing as federal agents who instructed her to purchase gold bars and transfer ownership to them for "safekeeping," though intervention by state officials prevented an additional $300,000 loss. A second woman in the region also lost $60,000 in a similar silver bar scam. Oregon Department of Justice officials warn that government agencies, banks, and tech companies never request customers buy precious metals or transfer ownership, and advise people to hang up on unsolicited callers and report suspicious activity to authorities.
newschannel5.com
· 2025-12-08
A Brentwood, Tennessee resident lost $648,000 in an elaborate scam after fraudsters posing as federal agents convinced him his identity was being used for money laundering and instructed him to liquidate his bank accounts and retirement savings into gold bars. The victim handed over gold worth $144,430 and $504,029 to fake couriers who arrived at his home on two separate occasions in April and May. Working with police, the victim set up a sting operation for a third pickup in July, resulting in the arrest of two suspects, Fan Zhang and Zhen Chen, who arrived in a gray Toyota van to collect what they believed was $273,895 in gold.
theglobeandmail.com
· 2025-12-08
Crystal Quast, a Canadian author, lost $2,500 to an Amazon imposter publishing scam before a friend at the company revealed she was dealing with fraudsters. Canadian fraud losses reached $647 million in reported cases in 2024, up from $577 million in 2023, with an estimated 90-95 percent of fraud going unreported. As banks have strengthened defenses against unauthorized fraud, criminals have shifted to "authorized fraud" schemes like investment and romance scams that manipulate victims into voluntarily transferring funds, creating new detection challenges for financial institutions.
cnet.com
· 2025-12-08
During the 2024 holiday season, phishing and spoofing scams stole over $70 million from victims, with scammers using increasingly sophisticated tactics including legitimate-looking HTTPS encryption and URLs mimicking real websites to deceive consumers. The article provides guidance on identifying malicious links by checking URLs for suspicious indicators (such as "@" symbols, typo-squatting, or unusual domain extensions), avoiding shortened links, and being wary of urgent messaging, while warning that clicking scam links can result in financial loss, credential theft, or malware installation.
palestineherald.com
· 2025-12-08
Romance scams are among the costliest fraud types, with victims reporting over $1.3 billion in losses in 2022. Scammers create fake profiles on dating apps and social media to build trust before requesting money for fake emergencies, using emotional manipulation to steal funds, personal information, and identities. Victims can lose money through wire transfers, gift cards, cryptocurrency, and bank account compromises.
gilmermirror.com
· 2025-12-08
Romance scams are among the costliest fraud schemes, with victims reporting over $1.3 billion in losses in 2022, targeting people seeking relationships online through fake profiles and emotional manipulation to solicit money, gift cards, or personal information. Scammers typically establish trust quickly, claim emergencies or hardships, avoid in-person meetings, and pressure victims to keep the relationship secret. Protection strategies include moving slowly in relationships, verifying identities through reverse image searches, refusing money requests, consulting trusted friends or family, and reporting suspicious profiles to the FTC and BBB Scam Tracker.
northeastnow.com
· 2025-12-08
Regina Police Service and Moose Jaw Police Service in Saskatchewan issued warnings about a STARS Lottery scam in which victims receive calls or emails claiming they won a prize and are pressured to send money via money order or gift cards to claim the winnings. Police emphasized that legitimate lottery prizes are never claimed by sending advance payments, and any such request is fraudulent.
aol.com
· 2025-12-08
An $8.8 million fraud ring targeting 235 elderly victims across multiple states was dismantled following a suspicious $250,000 transfer detected by Synchrony Bank in April 2023. The scheme involved eight suspects and three bank employees, including insider Antonio Penn, who stole customer banking data and sold it via Telegram to accomplices who opened fraudulent accounts and laundered the stolen funds. The 15-month investigation, led by the Polk County Sheriff's Office with support from the Florida Attorney General and multi-state agencies, recovered the full $8.8 million and highlighted the importance of transaction alerts, financial monitoring services, and bank fraud protections to prevent insider fraud targeting seniors.
newsweek.com
· 2025-12-08
Americans age 60 and older lost more than $745 million to scams in the first quarter of 2025—nearly $200 million more than the same period in 2024—with losses increasing across all age groups, according to FTC data. Adults ages 60-69 reported the most incidents (60,379 cases, $355 million in losses), while those 80 and older had fewer cases but higher median losses around $1,900. The FTC and FBI recommend reporting scams through reportfraud.ftc.gov and ic3.gov, and encourage families to discuss common scam tactics with older relatives.
timesofindia.indiatimes.com
· 2025-12-08
In the first six months of 2025, Telangana victims lost Rs 681 crore to cyber fraudsters—a 24% decline from the previous year—attributed to increased public awareness campaigns and rapid reporting mechanisms. While cyber fraud complaints nationally rose 37%, Telangana experienced a 13% reduction, with notable decreases in reward points scams (74%), gift fraud (60%), and digital arrest cases (56% fewer senior citizens affected), though loan fraud complaints increased 16%. Of the Rs 681 crore lost, the largest losses came from stock market investment and part-time job fraud (Rs 170 crore), with authorities recovering Rs 107
abc.net.au
· 2025-12-08
Sam responded to an unsolicited text about a marketing job opportunity and was drawn into a task-based scam after being contacted via WhatsApp by scammers posing as recruiters. The scammers lured him with promises of $900+ weekly wages for easy work, daily payments, and a paid trial, ultimately resulting in Sam losing thousands of dollars before he ended contact. The article identifies multiple red flags Sam missed, including error-riddled messages, unrealistic wages for unskilled work, requests to move communication off legitimate platforms, and pressure to proceed without standard employment verification procedures.
timesofindia.indiatimes.com
· 2025-12-08
Two men were arrested in Tamil Nadu for defrauding a Salt Lake woman and her sister of Rs 1.3 crores through a fake investment platform called Stonewall Capital between October 2024 and February 2025. The scam began when one suspect contacted the victim via WhatsApp, lured her with small returns on initial investments, and convinced her to recruit her sister into the scheme before demanding additional funds and disappearing. Police are continuing investigations to identify the main conspirators and other members of the fraud network.
ainvest.com
· 2025-12-08
**Summary:**
Indian authorities arrested 23-year-old computer science student Shaurya Singh for his involvement in a Rs. 3.81 crore ($457,000) cryptocurrency fraud scheme, where he allegedly assisted criminals by transporting financial documents and facilitating transactions through his bank and crypto accounts. Singh's arrest is part of a broader investigation into cross-border crypto fraud networks linked to Southeast Asia that employ romance scams and "pig-butchering" schemes, highlighting vulnerabilities in India's crypto ecosystem including weak KYC requirements and regulatory gaps that enable financial crimes.
goldrushcam.com
· 2025-12-08
**Summary:**
Christopher Earl Lloyd, a 39-year-old from Whittier, California, was arrested and federally indicted on 14 counts for operating romance scams through dating apps including Tinder, Hinge, and Bumble between April 2021 and February 2024, defrauding victims of over $2 million. Lloyd posed as a financially successful investment manager with false claims of property ownership and corporate positions, convincing victims to send money via wire transfers, Cash App, Zelle, and cash, which he then used for personal expenses such as a $40,000 car purchase. If convicted, Lloyd faces up to 20 years in federal prison
whio.com
· 2025-12-08
In 2024, U.S. consumers lost $5.7 billion to investment scams—a 24% increase from 2023—prompting Ohio's Department of Commerce Division of Securities to issue warnings to state investors. Common tactics include promises of guaranteed high returns with minimal risk, pressure to act quickly, and recruitment through social media and online ads, with scammers often using fake success stories to deceive victims into investing in fraudulent or unregistered securities. The Division recommends verifying that promoters are licensed through FINRA, researching investments thoroughly, and consulting independent professionals before committing funds.
cnbc.com
· 2025-12-08
QR codes, once harmless novelties, have become targets for scammers in a fraud scheme called "quishing," where malicious QR codes redirect users to phishing websites that steal personal information or download malware. The Federal Trade Commission and state agencies have warned about fake QR codes appearing on parking meters, utility bills, and packages, with studies showing 73% of Americans scan QR codes without verification and over 26 million have been directed to malicious sites. As traditional email phishing becomes harder, cybercriminals are increasingly exploiting QR codes—now accounting for 26% of all malicious links—making this scam expected to rise further.
newsbreak.com
· 2025-12-08
Scammers are impersonating artists and messaging people on social media asking to use their photos for "art projects," then requesting personal information like full names and email addresses under the pretense of sending e-checks for commissions. The scheme is a variant of the common fake check scam, where fraudsters send counterfeit checks that appear legitimate, ask victims to wire back excess funds, and use the collected personal information for future fraud. The Federal Trade Commission warns this tactic is widespread and advises victims to report incidents to the FTC or Better Business Bureau's Scam Tracker.
ehextra.com
· 2025-12-08
Michigan Attorney General Dana Nessel issued consumer alerts warning of an uptick in scams impersonating celebrities (Snoop Dogg, Garth Brooks, Kid Rock) and military leaders to steal money through romance scams, cryptocurrency/pig butchering schemes, and merchandise fraud. The scams often exploit people on dating platforms and social media by posing as celebrities to request money, investments, or personal information, with some using AI-generated deepfake audio and video to increase authenticity. Nessel and AARP recommend victims avoid sending money to online contacts, verify caller identities independently, and contact AARP's ElderWatch program at 800-222-4444 for
justice.gov
· 2025-12-08
Sinera Jones, 46, was sentenced to three years of probation with two months of home detention and ordered to pay $143,598.47 in restitution after pleading guilty to conspiring with Cleveland city councilman Basheer Jones to defraud local nonprofits between December 2018 and June 2021. The scheme involved false consulting invoices, fraudulent property transactions, and redirecting nonprofit funds intended for Ward 7 revitalization projects into accounts the conspirators controlled. The fraud defrauded multiple nonprofits of over $140,000 through wire fraud and honest services fraud.
nbcnews.com
· 2025-12-08
QR codes, once harmless novelties, have become targets for "quishing" scams where criminals place fake QR code stickers on parking meters, utility bills, and other public places to redirect users to malicious websites that steal personal information or download malware. The Federal Trade Commission and state agencies have issued warnings as 26% of malicious links are now sent via QR code, with over 26 million Americans already directed to fraudulent sites, and researchers note the scam is rising as traditional phishing safeguards improve. Security experts are developing solutions like authenticated QR codes and advise users to verify QR codes before scanning, particularly on unexpected packages or urgent-seeming
timesofindia.indiatimes.com
· 2025-12-08
Cybercrimes in Andhra Pradesh are rising at over 300 reported cases monthly, with scammers targeting specific age groups: young adults (20-25) via fake job offers, working professionals (30-45) through investment and crypto fraud schemes promising high returns, and senior citizens (60-70) using digital arrest scams impersonating government officials. Investment fraud cases result in losses ranging from Rs 10 lakh to Rs 1 crore per victim, with some high-profile victims avoiding complaint filing due to embarrassment, while cities like Vizag, Vijayawada, Tirupati, and Kurnool account for 40-50% of
kpbs.org
· 2025-12-08
In the first half of 2025, 747 seniors in San Diego County lost nearly $70 million to financial scams, with bank-involved scams, romance scams, and investment scams being the most common types. The San Diego County Elder Justice Task Force reports that losses have increased annually since tracking began in 2022, with many victims losing their life savings or homes and never recovering financially. The county's Operation Counter Strike initiative has recovered over $9 million for victims since launching in 2024.
tribuneonlineng.com
· 2025-12-08
In 2025, Nigeria has seen a surge in increasingly sophisticated scams targeting citizens across multiple platforms including WhatsApp, Instagram, and fake websites. Common scams include fake remote job offers requiring upfront fees, fraudulent bank alerts, Instagram seller fraud, investment/crypto Ponzi schemes, POS machine cloning, fake scholarship/visa websites, and celebrity impersonation giveaways. The article advises victims to verify payments through official banking apps, check seller credentials before purchasing, avoid "too good to be true" investment promises, protect PIN numbers, and only trust verified social media accounts.
nypost.com
· 2025-12-08
A Mexican billionaire Ricardo Salinas Pliego was defrauded of $400 million in a "loan-to-own" scheme orchestrated by Ukrainian fraudster Vladimir Sklarov and accomplices who posed as descendants of the Astor family. The con artists obtained shares in Salinas Pliego's company, Grupo Elektra, as collateral and systematically sold them off, causing a 71% stock collapse that erased $5.5 billion from his fortune and damaged investor confidence. The fraudsters used fake identities, professional documentation, and a sophisticated website to appear legitimate, while funneling stolen funds into high-end real estate purchases across
kdhlradio.com
· 2025-12-08
The Winnebago County Sheriff's Office in Wisconsin is warning residents about a rise in romance scams, which are among the most frequently reported scams to their office. Scammers initiate contact via social media (Facebook or Instagram), move conversations to private messaging apps, and quickly establish emotional relationships through "love bombing" while claiming to work far away to avoid in-person meetings. The scams rely on AI-generated fake profiles and pictures, and victims are eventually asked to send money to someone they've never actually met.
b105country.com
· 2025-12-08
The Winnebago County Sheriff's Office in Wisconsin issued a warning about romance scams, which are among the most frequently reported scams to their office. Scammers initiate contact via social media (Facebook or Instagram), move conversations to private messaging apps, rapidly build emotional connections through love-bombing, and request money from victims who have never met them in person. The scammers use AI-generated photos and fake profiles to appear legitimate while claiming to work far away and asking victims to keep the relationship secret.
jacksonvilleprogress.com
· 2025-12-08
Romance scams are among the costliest fraud schemes, with victims losing over $1.3 billion in 2022, according to the Federal Trade Commission. Scammers typically create fake profiles on dating apps and social media, build emotional trust, then exploit victims by requesting money, gift cards, wire transfers, or personal financial information under the guise of emergencies. To protect against romance fraud, individuals should be cautious of online dating contacts who quickly establish intimacy, avoid sharing personal or financial details, and verify identities before sending money.
theatlantic.com
· 2025-12-08
In March 2019, investigators uncovered a fraud scheme at the Professional Career Training Institute in Houston, where the school recruited homeless and vulnerable individuals, fabricated their high school diplomas, and secretly took out federal student loans on their behalf, stealing from taxpayers. The article notes that the U.S. Department of Education's fraud-prevention team, which numbered approximately 220 people at the start of 2025, has been largely dismantled following Secretary Linda McMahon's firing of over 80 percent of the fraud-prevention and quality-assurance staff, eliminating ongoing investigations despite the federal government administering $1.7 trillion in student loans annually. The cuts to anti-fraud oversight
thehindu.com
· 2025-12-08
Two Hyderabad senior citizens lost over ₹20 lakh in separate cyber fraud cases: an 80-year-old transferred ₹19,09,905 to a fake online trading platform (Ifex Capital) after clicking a fraudulent news article link, while a 66-year-old woman lost ₹1,17,521 after installing a counterfeit DMart app disguised as a step counter. Both cases involved sophisticated deception tactics including fake credentials and impersonation of legitimate services, with investigations ongoing by Hyderabad police cybercrime division.
tradingview.com
· 2025-12-08
A woman lost approximately $250,000 in Bitcoin after purchasing a preloaded hardware wallet from a third-party marketplace, which had been compromised by scammers who retained access via the original seed phrase. The victim failed to reset the wallet or generate a new seed phrase before use, allowing the fraudster to drain all her holdings within two days of transfer. The article recommends five prevention steps: purchase wallets only from official brand websites, generate new seed phrases, reset wallets before use, test with small transfers first, and educate yourself on how hardware wallets function.
fox5vegas.com
· 2025-12-08
Investment scams, particularly those involving cryptocurrency, remained the top cybercrime reported to the Better Business Bureau, with over 80% of reported scams falling into this category and victims losing an average of $5,000. Scammers typically initiate contact via social media, ads, or email, then build trust over weeks or months before offering fake investment opportunities that show false returns until the scammer and funds disappear. The BBB recommends never investing with unknown individuals and verifying investment opportunities through the SEC or FINRA before committing money.
kroc.com
· 2025-12-08
The Winnebago County Sheriff's Office in Wisconsin issued a warning about a prevalent romance scam targeting local residents. The scam typically begins with a fraudster contacting victims on Facebook or Instagram, then moving conversations to private messaging apps, building a rapid romantic relationship through love bombing, and eventually requesting money from the victim while claiming to have reasons (such as a distant job) to avoid meeting in person. Scammers use AI-generated photos and fake social media profiles to appear legitimate, making it crucial for people to avoid sending money to anyone they have not met in person.
moodys.com
· 2025-12-08
Job scams emerged as one of the fastest-growing fraud threats in 2025, with reported losses skyrocketing from $90 million in 2020 to over $501 million in 2024, according to FTC data. These scams lure victims through fake job postings with promises of high pay and remote work, then harvest sensitive personal information for identity theft and synthetic identity fraud rather than seeking quick financial gains. The use of artificial intelligence to create convincing fake interviews and resumes, combined with AI-driven data manipulation and fraud detection bypass, is making job scams increasingly difficult to detect and enforce against.
whec.com
· 2025-12-08
One in three Americans were scammed in the past year, with losses totaling $12.5 billion—a 25% increase from the prior year, according to the FTC. The most common scams are investment and imposter schemes, such as fraudsters impersonating trusted companies like Geek Squad to obtain banking information and personal data; key red flags include pressure to act urgently, requests for sensitive information like social security numbers, and directing victims to grant computer access. Consumers should never disclose personal information to unsolicited callers, utilize free credit monitoring services, and take advantage of free weekly credit reports from major bureaus to protect themselves.
wealthsolutionsreport.com
· 2025-12-08
Ultra-high net worth (UHNW) individuals face increasingly sophisticated scams that exploit publicly available data, AI technology, and deep social engineering to target them with highly personalized fraud schemes. The article identifies seven major scam types affecting wealthy Americans: whaling (executive phishing), deepfake-driven impersonation and family emergency scams, synthetic identity fraud, tax and authority impersonation scams, and romance scams—each using tailored personal details and urgent requests to extract sensitive information, authorize fraudulent transfers, or manipulate victims into fake investments. Wealth managers and advisors are advised to educate clients on red flags including unusual communication changes, urgent financial requests from trusted sources, and demands
ocalagazette.com
· 2025-12-08
An 82-year-old Ocala woman lost $7,300 in cryptocurrency and nearly lost $160,000 in cash converted to gold in a multi-stage scam involving a fake computer hack, fraudulent bank officer call, and an accomplice attempting to pick up the gold at her home—the plot was foiled by law enforcement and a gold exchange company alert, resulting in the arrest of Jiann Cao. Local agencies report approximately $1 million stolen monthly from elder fraud victims in Marion County, with common scams including tech support fraud, romance scams, and investment schemes; officials recommend verifying the authenticity of unsolicited communications and emphasize education and reporting as key prevention strategies.
financial-planning.com
· 2025-12-08
Pig butchering scams—which begin with casual text messages and evolve into romantic relationships—are rising in prevalence and causing significant financial harm. Scammers establish trust, often through romance and cryptocurrency investment promises, then direct victims to fraudulent trading platforms where they see initial gains but cannot withdraw funds due to fabricated fees; victims experience both financial loss and emotional trauma from the manufactured relationship. Financial advisors can help by monitoring for unusual withdrawal patterns and having nonjudgmental conversations with clients, while recognizing that many scammers themselves are human trafficking victims forced to operate from compounds in Southeast Asia run by organized crime networks.
theregister.com
· 2025-12-08
A violent border clash between Thailand and Cambodia near an ancient temple was linked to cyber-scam slave camps operating in Cambodia, where an estimated 100,000+ people are forced to run romance and investment scams targeting primarily Chinese and other Asian citizens. Thailand's threat to cut off internet and electricity to disrupt these camps—which generate an estimated $12.5 billion annually and allegedly involve high-level Cambodian government officials—contributed to escalating tensions between the two nations. The camps are documented by Interpol and the UN as severe human rights violations, with workers enslaved and forced to perpetrate financial fraud.
ic3.gov
· 2025-12-08
The FBI warns of a scam variation where criminals send unsolicited packages with QR codes designed to trick recipients into revealing personal and financial information or downloading malicious software that steals phone data. This scheme evolved from traditional "brushing scams" used to boost product ratings online, and while not yet widespread, the public should avoid scanning QR codes from unknown origins and be wary of packages without sender information. Victims should monitor credit reports and report suspicious activity to the FBI's IC3 website, with seniors able to seek assistance through the DOJ Elder Justice Hotline.
ainvest.com
· 2025-12-08
**AInvest Newsletter - Financial Exploitation of Elderly Investors**
Adults over 60 reported $4.885 billion in losses to financial exploitation in 2024, a 46% increase from 2023, with 147,127 complaints filed to the FBI's IC3, though actual cases are estimated to be 43 times higher than reported. Elderly investors face exploitation through two main vulnerabilities: undue influence (emotional manipulation by caregivers or advisors) and inadequate estate planning, with a 2024 NAPSA study finding 68% of exploited seniors had no prior cognitive decline but were compromised by dependency relationships. The article recomm
irs.gov
· 2025-12-08
Roger Roger, a Costa Rica resident, was sentenced to over 15 years in prison for leading a telemarketing fraud scheme that stole more than $4 million from hundreds of U.S. victims, many of them elderly, by posing as government officials and convincing them they had won sweepstakes prizes requiring upfront payments. He was convicted of conspiracy to commit mail and wire fraud, wire fraud, conspiracy to commit international money laundering, and international money laundering, and was ordered to pay $3.3 million in restitution and forfeit $4.2 million.
justice.gov
· 2025-12-08
Jamal Nathan Dawood, 54, of Burbank was found guilty of embezzling approximately $2.2 million from an elderly victim's estate inherited from the victim's deceased brother through wire fraud and money laundering schemes conducted in late 2019. Dawood gained the victim's trust by offering property management assistance, then fraudulently transferred funds from the victim's trust account to his own accounts and falsely convinced the victim to transfer ownership of his home and inherited real estate to companies Dawood controlled. Dawood faces up to 20 years in federal prison for wire fraud charges and up to 10 years for money laundering charges at his December 8 sentencing
abc10.com
· 2025-12-08
Recent high school graduates and young adults are increasingly targeted by scammers offering fraudulent scholarships, fake jobs, loan forgiveness schemes, and bogus rental listings, with Americans losing over $16 billion to scams in 2024—a 33% increase from the previous year. To protect themselves, students should watch for red flags like unsolicited messages and unrealistic offers, verify sources before clicking links, and consult trusted adults before sharing personal or financial information. Victims should immediately report scams to their bank, police, and the FTC, then monitor their credit reports for fraudulent accounts.
finance.yahoo.com
· 2025-12-08
Social Security scams employ three primary tactics: fake remote job offers that request personal information and upfront fees, phishing emails impersonating the Social Security Administration to direct victims to fraudulent websites, and in-person schemes where imposters posing as government officials convince victims to provide cash or valuables. Recent cases include a victim who gave $2 million in gold bars to someone claiming to be a CIA agent and an Ohio woman who liquidated $500,000 in retirement savings to purchase gold for phone scammers. Protect yourself by avoiding unsolicited job offers and payment requests, verifying emails end in ".gov," and reporting suspicious activity to the Social Security Administration or Office of the Inspector General.