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cantonrep.com
· 2025-12-07
Since 2020, the BBB has received over 4,000 reports of cryptocurrency investment scams, with increasingly sophisticated schemes now targeting users on TikTok through direct messages offering unrealistic returns. Scammers create fake investment opportunities, request initial deposits via digital wallets, then demand escalating "service fees" while promising multiplied returns that never materialize. To protect yourself, verify investment opportunities through the SEC and BBB, avoid guaranteed get-rich-quick schemes, resist pressure tactics, and only use digital wallet services with trusted contacts.
justice.gov
· 2025-12-07
Julio Cesar Montero Pinzon, a senior leader of the Cartel de Jalisco Nueva Generacion (CJNG), and his half-sister Griselda Margarita Arredondo Pinzon were indicted for operating an international fraud scheme targeting American timeshare owners in Mexico for over a decade, defrauding thousands of victims. The scheme involved false promises requiring upfront payments from timeshare owners who were told they could sell or rent their properties, with the proceeds used to fund the cartel's terrorist activities and drug trafficking operations. Both defendants are Mexican nationals and remain at large; they face charges including wire fraud conspiracy, money
timesofmalta.com
· 2025-12-07
A Maltese woman lost €170,000 over seven years attempting to purchase a non-existent dog, while another victim lost his entire life savings to a romance scammer posing as a Canadian woman, and a third sent her pension to a scammer impersonating Pope Leo XIV on Facebook. These cases exemplify a wave of sophisticated online scams sweeping Europe that affect educated, high-earning individuals—with research showing 40% of Malta's highest earners have lost money to such schemes. Experts warn that scammers use psychological manipulation and emotional investment to exploit victims, and the financial losses are compounded by severe mental health consequences.
bu.edu
· 2025-12-07
Boston University students lost $624,300 to scammers between January and September, with 90 percent of losses occurring in four cases involving impostors posing as Chinese police or officials. The BUPD reports 29 total larceny scams occurred through multiple channels, with job/employment scams being most common among students, while authorities also warned of nationwide fraud schemes involving fake apartment rentals, fraudulent identity theft reports, and immigration-related extortion targeting international students. Key prevention advice includes not answering calls from unknown numbers, verifying direct contact with authorities through official channels, and never providing payment or personal information before viewing rental properties in person.
masslive.com
· 2025-12-07
The FBI warns of a significant surge in gold bar and bulk cash courier scams targeting older adults, where fraudsters use grandparent, government impersonation, or tech support schemes to convince victims to hand over valuables to in-person couriers. From 2023 to 2025, FBI Boston documented 103 instances resulting in over $26 million in losses (98% of victims over age 60), while nationwide figures reached 1,737 cases with approximately $186 million in losses. The FBI advises the public never to purchase precious metals at a government's request, avoid posting personal information online, and refrain from allowing unknown individuals access to computers or personal data.
nypost.com
· 2025-12-07
**Serial Scammer Sentenced in Graceland Fraud Scheme**
Lisa Jeanine Findley, 54, was sentenced to four years and nine months in prison for attempting to defraud Elvis Presley's family of millions of dollars by posing as a bogus investor claiming rights to Graceland estate. Findley fabricated a false $3.8 million loan claim against the late Lisa Marie Presley and threatened to auction the iconic property unless the family paid $2.8 million, using forged documents and fake personas including a man named "Kurt Naussany." The scheme was stopped when Lisa Marie Presley's daughter Riley
koreaherald.com
· 2025-12-07
South Korean police dismantled the Longge Company, a Korean crime syndicate based in Pattaya, Thailand, that defrauded 878 victims of 21 billion won ($15 million) through various schemes including voice phishing, bogus investments, romance scams, and "no-show" scams. Twenty-five suspects were arrested, with 21 in custody in South Korea and nine others, including alleged ringleader "Jaryong," detained in Thailand awaiting extradition. The investigation involved coordinated raids with Thai authorities and resulted in the closure of multiple operations run by the syndicate.
justice.gov
· 2025-12-07
Shirley Waller, 43, of St. Louis County, Missouri, was sentenced to 93 months in prison (78 months for fraud crimes consecutive to 15 months for firearm possession) and ordered to repay $313,711 to victims. Waller acted as a "money mule" for overseas scammers, receiving over 193 packages of cash at her home from victims of online fraud schemes, including a 71-year-old woman who lost $35,000 in a romance scam, and she also committed pandemic loan fraud ($19,235) and mortgage fraud ($196,000). The government estimates the overseas fraud ring stole over $1
statehousenews.com
· 2025-12-07
Between 2023 and May 2025, the FBI's Boston Division documented 103 courier-based fraud schemes targeting elderly residents, resulting in over $26 million in losses, with 59 Massachusetts victims accounting for $18.6 million of that total. Nearly all victims were over 60 years old and were deceived through "grandparent," "government impersonation," or "tech support" scams that manipulated them into withdrawing cash or gold bars for a third-party courier to collect. The FBI reports this is part of a national trend affecting 1,737 victims with approximately $186.2 million in losses and urges the public to educate elderly relatives
wcvb.com
· 2025-12-07
Between 2023 and May 2025, the FBI's Boston Division documented 103 courier-based fraud schemes targeting elderly victims, resulting in over $26 million in losses, with 59 Massachusetts residents losing $18.6 million collectively. Nearly all victims (98%) were over 60 years old and were deceived through grandparent, government impersonation, or tech support scams that convinced them to hand over cash or gold bars to couriers posing as legitimate third parties. Nationally, the FBI documented at least 1,737 similar instances during this period with approximately $186.2 million in losses, and officials urge the public to educate elderly relatives about
wmur.com
· 2025-12-07
The FBI identified 15 victims in New Hampshire who lost over $4 million to courier and gold bar scams between 2023 and 2025, with officials believing actual losses are significantly higher due to underreporting. Scammers employed multiple tactics including posing as distressed family members, law enforcement, or government officials to pressure victims into sending cash or purchasing gold bars. The FBI reports a 50% increase in scam complaints statewide, with over 400 complaints and $16 million in losses reported in the previous year alone.
justice.gov
· 2025-12-07
**Summary:**
Charles Uchenna Nwadavid, a 35-year-old Nigerian national, was sentenced to two years in prison for orchestrating romance scams that defrauded at least six victims of over $2 million between 2016 and 2019. The scheme involved creating fake online dating profiles to build trust with victims, then directing them to send money or transfer funds through cryptocurrency accounts that Nwadavid controlled. Nwadavid was ordered to pay $2,724,810.41 in restitution and faces deportation upon completion of his sentence.
bostonherald.com
· 2025-12-07
Between 2023 and May 2025, the FBI's Boston Division documented 103 courier-based fraud schemes targeting elderly victims, resulting in over $26 million in losses, with 59 Massachusetts residents losing $18.6 million. Nearly all victims (98%) were over 60 years old, and the scams typically involved perpetrators posing as distressed family members, government officials, or tech support to pressure victims into purchasing gold bars or withdrawing cash for pickup by couriers. The FBI advises that the government never requests precious metals purchases and recommends victims report incidents to ic3.gov or contact the DOJ Elder Justice hotline at 1-833-
bostonherald.com
· 2025-12-07
Between 2023 and May 2025, the FBI's Boston Division documented 103 courier-based fraud schemes targeting elderly residents, resulting in over $26 million in losses, with Massachusetts victims (59 people, mostly over age 60) accounting for $18.6 million of that total. The scams typically impersonated family members, government officials, or tech support, convincing victims to withdraw cash or purchase gold bars for courier pickup. The FBI advises that legitimate government agencies never request gold purchases or large cash withdrawals, and encourages victims to report incidents immediately to ic3.gov or the DOJ Elder Justice hotline.
franklinobserver.town.news
· 2025-12-07
Between 2023 and May 2025, the FBI's Boston Division documented 103 courier-based fraud schemes targeting elderly residents, resulting in over $26 million in losses, with Massachusetts victims accounting for $18.6 million of that total. The scams typically involved fraudsters impersonating family members, government officials, or tech support representatives who convinced victims (98% over age 60) to either transfer funds to fake accounts or hand cash and gold to couriers sent to their homes. Nationally, the same period saw at least 1,737 similar courier fraud cases with approximately $186.2 million in documented losses, though the actual total is believed to be significantly higher.
timesofmalta.com
· 2025-12-07
A 24-year-old Ukrainian woman was arrested in Malta for defrauding multiple victims through AI-generated videos of Prime Minister Robert Abela promoting fake cryptocurrency investments; at least one victim lost €52,000 across multiple transactions before police conducted a controlled delivery operation using marked cash, resulting in the suspect's arrest at Żurrieq square. The court froze €63,000 in assets and remanded the accused in custody, with prosecutors citing concerns about evidence tampering, potential ties to organized crime, and flight risk due to her lack of local connections.
clickorlando.com
· 2025-12-07
An Orange County couple lost their entire life savings of $12,300 after being defrauded in a vehicle purchase scam on Facebook Marketplace, where scammers impersonating a legitimate business (Driveline Motorcars as "Driveline Motor") disappeared after receiving a wire transfer. The Better Business Bureau warns that social media marketplaces do not vet listings and recommends buyers inspect high-ticket items in person, use credit cards instead of wire transfers, and only send money they can afford to lose.
bitdefender.com
· 2025-12-07
**"Scamfluencers" on social media platforms like YouTube, Telegram, and TikTok are openly teaching followers—increasingly teenagers—how to commit online fraud, with figures like "Format Boy" providing step-by-step tutorials on romance scams, fake identities, and deepfake technology, while others like Hushpuppi glamorize fraud-funded lifestyles. These content creators use motivational language and entertainment framing to normalize scamming, putting vulnerable young people at risk of both becoming perpetrators and victims of online fraud.**
clickorlando.com
· 2025-12-07
An Orange County couple lost their entire life savings of $12,300 after being defrauded in a vehicle purchase scam on Facebook Marketplace; the scammer posed as "Driveline Motor" (mimicking the legitimate business "Driveline Motorcars"), provided fraudulent documents including a fake Carfax report, and disappeared after the wire transfer was sent. The incident highlights the broader problem of unvetted online marketplaces, with the FTC reporting Americans lost $12.5 billion to fraud in 2024, a 25% increase from the previous year. Experts advise consumers to inspect high-ticket items in person before payment, avoid wire transfers, use
bbc.com
· 2025-12-07
Women are now being targeted by online investment scammers at rates equal to men, with fraudsters moving away from traditional investments toward cryptocurrency and social media-based platforms targeting ages 30-80. Surrey Police report that victims have lost an average of £49,000 to investment fraud in 2024, with one woman losing £350,000 after being groomed over a year on a fake crypto trading platform; scammers use tactics including fake celebrity endorsements and AI-generated videos to build false trust. Police advise victims to seek independent financial advice and verify companies through the Financial Conduct Authority before investing.
kristv.com
· 2025-12-07
The "Cloud Boost" scam defrauded multiple victims in the Corpus Christi area by promising easy money for watching videos and boosting social media posts, with victims losing thousands of dollars. The scheme operated through various tactics including small initial payouts to build trust, pressure to purchase higher-level packages, fake withdrawal fees, and crypto payment requirements, with one victim, Melissa Brewer, losing approximately $15,000 after initially investing $510. The Better Business Bureau advises potential victims not to invest upfront money, to cut off contact with scammers, report the fraud to the BBB and FTC, and warn others to avoid similar schemes.
ksltv.com
· 2025-12-07
Personal information purchased on the dark web enables scammers to target victims with convincing phishing and fraud attempts, as data brokers and legitimate companies routinely sell consumer details to criminals. Scammers can purchase comprehensive personal profiles for minimal cost, combining information from apps, loyalty programs, and data breaches to execute romance scams, investment fraud, and account takeovers with credibility-enhancing details like names, addresses, and family information. Consumers should limit app downloads and data sharing, monitor accounts after breaches, and utilize new privacy laws allowing them to demand deletion of personal information.
cbsnews.com
· 2025-12-07
A 71-year-old Broward County woman lost $61,530 in a romance scam after believing she was lending money to a romantic partner named "James Lee Jackson" for a construction project; the scammer was later identified as 64-year-old Kevin Crosswright from Colorado, who turned himself in to authorities. Crosswright was arrested on charges related to money laundering and investment fraud scheme, and the victim reported feeling betrayed and financially devastated by the incident.
interpol.int
· 2025-12-07
During Operation Contender 3.0 (July 28–August 11, 2025), authorities in 14 African countries arrested 260 suspects and seized 1,235 electronic devices in a coordinated crackdown on cybercrime networks using romance scams and sextortion schemes. The operation identified 1,463 victims with estimated losses of USD 2.8 million, dismantling 81 cybercrime infrastructures across Africa through international collaboration between law enforcement and private sector partners. Notable outcomes included Ghana's arrest of 68 suspects with USD 450,000 in identified losses (USD 70,000 recovered), Senegal's takedown
fallriverreporter.com
· 2025-12-07
Between 2023 and May 2025, the FBI Boston Division documented 103 courier-based fraud schemes resulting in over $26 million in losses, with 59 Massachusetts victims (98% over age 60) losing $18.6 million collectively. The scams primarily used "grandparent," "government impersonation," or "tech support" tactics to trick victims into giving cash or gold bars to couriers, with the FBI reporting at least 1,737 similar incidents nationwide totaling approximately $186.2 million in losses during the same period.
harris-sliwoski.com
· 2025-12-07
**Article Type:** Educational/Awareness Guide (Not a specific elder fraud case)
This guide outlines international business scams targeting companies, explaining how fraudsters use psychological tactics like urgency and false credibility to manipulate businesses into wiring upfront fees to phantom partners. The article provides prevention strategies including independent verification of counterparties, legal review of contracts, secure confirmation of banking details, team training on red flags, and rapid response protocols within 72 hours if fraud occurs, supported by real case examples ranging from fake subsidiaries to fabricated financial institutions.
becu.org
· 2025-12-07
This educational article identifies the six most common financial scams in 2025, including imposter scams, online shopping scams, investment scams, job opportunity scams, carrier scams, and debt/credit scams, which are perpetrated through phone calls, texts, emails, social media, websites, and pop-ups. According to the Federal Trade Commission, scams resulted in $12.5 billion in losses in 2024, with people aged 70 and older losing significantly more money than any other age group, sometimes losing their entire life savings. The article advises consumers to avoid clicking links in unsolicited messages, verify the legitimacy of contacts before sharing personal information, and remain vigil
ca.style.yahoo.com
· 2025-12-07
This article compiles normalized business practices that consumers perceive as deceptive, including airline baggage fees, deceptive sales pricing, expensive streaming subscriptions, shrinkflation (air-filled chip bags), subscription models for previously purchased items, overpriced printer ink, negative option billing (auto-renewal after free trials), and excessive tipping requests. While these practices are legal and widely accepted, the article highlights how consumers feel systematically nickeled-and-dimed through normalized tactics that obscure true costs or product value.
states.aarp.org
· 2025-12-07
Cryptocurrency ATMs, which lack traditional banking regulations, have become a major fraud vector in Arizona and nationwide, with the FBI reporting 10,956 complaints totaling $246.7 million in losses in 2024—a 99 percent increase from 2023. Older adults over 60 are disproportionately targeted through common scams (government impersonation, investment, and romance schemes) that trick victims into withdrawing cash and converting it to cryptocurrency, which is nearly impossible to recover. In response, Arizona passed HB 2387 in 2025, which implements daily transaction caps ($2,000 for new customers, $10,500 for existing customers),
kmvt.com
· 2025-12-07
The Idaho Department of Finance held a senior fraud prevention roadshow in Twin Falls to educate residents about financial exploitation, as Idaho has experienced a 440% increase in cybercrime losses with seniors as the primary targets. John Yaros, the State's Security Bureau Chief, highlighted investment scams as particularly common, with $23 million in reported losses, where scammers build trust with seniors online and convince them to invest in cryptocurrency and other fraudulent schemes. Authorities urged attendees to recognize red flags, avoid offers that seem too good to be true, and report suspicious activities to local police and the Idaho Department of Finance.
mitrade.com
· 2025-12-07
The Colorado Bureau of Investigations began investigating a crypto-linked romance scam in which a Colorado man lost $1.4 million from his retirement savings after meeting someone on a dating website who convinced him to invest in cryptocurrency through fraudulent apps. The scammer, posing as a woman named "Erin," built romantic trust before transitioning conversations to investments, eventually directing the victim to send funds to a fake cryptocurrency application controlled by the perpetrator. CBI officials note that crypto romance scams are rising, particularly targeting elderly individuals, and that the unregulated nature of cryptocurrency makes these investments especially vulnerable to fraud with limited recovery options.
theweek.com
· 2025-12-07
Interpol arrested over 250 suspected cybercriminals across 14 African nations in Operation Contender 3.0, disrupting romance scams and sextortion schemes that targeted approximately 1,500 victims with estimated losses near $3 million. The operation, conducted in late July through early August, identified digital infrastructure used by scam syndicates that exploited victims' trust and emotional vulnerabilities through fake romance profiles and blackmail using explicit imagery. Ghana led the crackdown with approximately 70 arrests, while operations in other countries including Senegal and Côte d'Ivoire dismantled networks impersonating celebrities and operating organized sextortion rings.
devdiscourse.com
· 2025-12-07
Delhi Police arrested two individuals, Sahil Yadav and Aryan, for defrauding victims of over Rs 47 lakh (approximately $57,000 USD) through a sophisticated online stock trading scheme orchestrated by a China-based handler named Tom. Victims were recruited via social media and subjected to fake investment opportunities and threats, with stolen funds laundered through shell entities across multiple locations using fraudulent documentation.
rappler.com
· 2025-12-07
This article explores the digital divide among elderly Filipinos, highlighting that while some seniors like 67-year-old Paz Deocariza have successfully adopted technology to connect with family abroad, the vast majority remain excluded from digital life. A 2021 study found that only 18% of Filipinos aged 65 and older possess basic ICT skills, with barriers including poverty, lack of access, and limited interest in learning technology. The piece illustrates how this exclusion affects seniors' daily lives, from communication with distant family to accessing essential services and emergency help.
denver7.com
· 2025-12-07
A Colorado man lost approximately $1.4 million in a crypto-romance scam after connecting with someone on a dating website who posed as a woman named Erin and convinced him to invest in cryptocurrencies. The scammer initially directed the victim to legitimate crypto apps but later funneled money into a fake app under their control, exploiting his emotional vulnerability during marital troubles. The Colorado Bureau of Investigation is investigating the case, which represents the largest crypto scam loss the agency has encountered, and authorities note that perpetrators are typically overseas, making recovery efforts the primary focus.
pennwatch.org
· 2025-12-07
Pennsylvania's Department of Banking and Securities is conducting free public presentations throughout October to educate seniors and the general public about avoiding scams, recognizing fraud, and preventing identity theft. Programs include interactive "Fraud BINGO" sessions, senior expos with consumer protection resources, "$camJam" events featuring law enforcement experts, and financial planning presentations held at senior centers and community facilities across the state.
bostonherald.com
· 2025-12-07
The Boston Police Department warns that older residents face multiple evolving scams, including cryptocurrency fraud (with Boston residents losing over $9 million in 2024), home improvement schemes, imposter scams (up 400% since 2020 among victims losing $10,000+), and unwitting money mule recruitment. Police advise seniors to research investments, verify contractor credentials, hang up on suspicious callers and independently confirm with known numbers, keep digital wallet keys private, and avoid transferring money for unknown parties.
cubaheadlines.com
· 2025-12-07
Operation "False Haven," a coordinated ICE and Department of Justice initiative launched in 2019, identifies and revokes fraudulently obtained citizenships, particularly those concealing serious crimes during naturalization. The case of Orlando Chávez, a 43-year-old Cuban who was convicted of child abuse in 2019 but had concealed the crimes during his 2018 naturalization process, exemplifies the operation's reach—resulting in his citizenship revocation, 14-month prison sentence, and deportation proceedings. The operation has identified numerous cases involving sex offenders, human traffickers, and individuals involved in elder abuse and other serious crimes who obtained citizenship through false statements or material om
hindustantimes.com
· 2025-12-07
**Title:** Elder abuse in the digital era
Senior citizens face increasing vulnerability to online fraud, identity theft, phishing scams, and digital arrest scams, where criminals impersonate law enforcement to manipulate victims through fear and confusion. The article emphasizes that protecting elders from cyber threats requires collective responsibility through family education, community digital literacy programs, and practical safety measures such as strong passwords, two-factor authentication, and awareness of suspicious communications. Resources like the Cybercrime Helpline (1930) and peer-to-peer support networks are recommended to help seniors stay safe online and report incidents promptly.
dddnews.com
· 2025-12-07
Older adults are frequent targets for financial scams because they have accumulated wealth, may experience cognitive or sensory decline, and often grew up in a more trusting era, making them vulnerable to exploitation. The FBI estimates seniors lose over $3 billion annually to fraud through common schemes including robocalls, government impersonation scams, romance scams, tech support scams, and emerging threats like deepfakes and grandparent scams. Protection strategies include hanging up on high-pressure calls, verifying caller identities independently, and familiarizing oneself with common scam tactics.
markets.financialcontent.com
· 2025-12-07
A Colorado man lost his entire life savings of approximately $1.4 million to a "pig butchering" cryptocurrency romance scam after being lured by a woman on Ashley Madison who posed as a successful crypto trader on WhatsApp. Over six weeks, the victim was manipulated into transferring funds to a fraudulent investment app displaying fake profits, and the scam was only exposed when he was asked to pay an additional $400,000 in "fees" to withdraw his earnings. The case, under investigation by the Colorado Bureau of Investigations, highlights the vulnerability of individuals facing personal difficulties and the difficulty in recovering cryptocurrency funds once they enter anonymous wallets.
cointribune.com
· 2025-12-07
A Colorado retiree lost $1.4 million in retirement savings through a sophisticated romance scam where a fraudster posing as "Erin" on a dating platform built trust over several months before gradually directing him to invest in cryptocurrency on a fake platform controlled by criminals. The Colorado Bureau of Investigation confirmed this as the largest individual crypto scam loss in the state, highlighting how romance scams exploit emotional vulnerability and lack of crypto knowledge to steal funds. The case exemplifies the broader problem of unregulated cryptocurrency markets that lack consumer protections and enable cross-border criminal networks to operate with near impunity.
finance.yahoo.com
· 2025-12-07
A 68-year-old Texas woman named Cathy lost $487,000 of her retirement savings to an online investment scam and also convinced her brother to invest, resulting in his $110,000 loss; when the fraudulent investment group froze accounts and disappeared, Cathy was left living on $2,000 monthly Social Security with $33,000 in debt and no viable recovery options. Financial advisors on "The Ramsey Show" told her that the retirement funds were unrecoverable and recommended she seek employment to rebuild her finances, as options like bankruptcy or reverse mortgages would not adequately address her situation.
bostonherald.com
· 2025-12-07
The Boston Police Department warns that older residents are being targeted by multiple scam types, including cryptocurrency investment schemes (which caused Boston residents over $9 million in losses in 2024 alone), home improvement fraud by door-to-door contractors, imposter scams, and unwitting money mule schemes. Police advise seniors to research investments thoroughly, verify contractor credentials, be skeptical of unsolicited offers on social media and dating apps, and hang up on suspicious callers to independently verify identities before transferring money or cryptocurrency.
mitrade.com
· 2025-12-07
The Colorado Bureau of Investigations investigated a crypto-linked romance scam in which a Colorado man lost $1.4 million from his retirement savings after being deceived by someone posing as "Erin" on a dating website who convinced him to invest in cryptocurrency. The scammer initially built romantic trust before transitioning conversations to financial investment, directing the victim to send funds first to legitimate crypto apps and then to a fake application controlled by the scammer. CBI Special Agent Zeb Semester noted this was the largest crypto scam loss he had witnessed, and authorities emphasized that romance scams combined with cryptocurrency investment schemes are increasingly common and difficult to recover from due to the unregulated nature of
theconversation.com
· 2025-12-07
In 2024, Australians lost over A$2.03 billion to scams across 494,732 reported cases, with most enabled through online or phone contact. Scammers exploit universal psychological principles—such as appeals to need/greed, authority, kindness, distraction, and social proof—that are similar to legitimate persuasion techniques used in sales and marketing. To protect yourself, evaluate whether a request has legitimate intent, who benefits, and whether you have a free, informed choice.
securityboulevard.com
· 2025-12-07
International law enforcement arrested 260 suspects and seized 1,235 electronic devices across 14 African countries in Operation Condor 3.0 (July-August), a crackdown on romance scams and sextortion rings operated by criminal syndicates originating in Southeast Asia. The operation identified 1,463 victims who lost an estimated $2.8 million and dismantled 81 cybercrime infrastructures, highlighting the growing threat of digitally-enabled scams exploiting human vulnerabilities across Africa and globally.
cnbctv18.com
· 2025-12-07
A Colorado man lost $1.4 million in a romance scam after meeting a woman on the dating site Ashley Madison who gained his trust and convinced him to invest in cryptocurrency, claiming she could help protect his finances in case of divorce. Over six weeks, he made four separate cryptocurrency transfers that depleted his retirement and savings accounts before realizing the money was gone. Colorado Bureau of Investigation officials warn that romance scammers exploit emotional vulnerabilities to build trust before introducing investment pitches, and advise people to be cautious of requests for money, promises of high returns, and conversations shifted to encrypted messaging apps.
justice.gov
· 2025-12-07
David Cornejo Fernandez, a Peruvian national, was sentenced to 80 months in prison and ordered to pay over $3 million in restitution for providing technology infrastructure—including internet phone lines, caller-ID spoofing services, and pre-recorded messages—to fraudulent call centers that impersonated U.S. government officials to extort Spanish-speaking victims. The scheme defrauded over 8,800 U.S. victims of more than $3 million by falsely threatening legal consequences if they did not pay for unsolicited English-language learning products. Cornejo is the ninth defendant extradited from Peru and convicted in this transn
crypto.news
· 2025-12-07
A 71-year-old retiree in Kuala Terengganu, Malaysia lost RM525,000 (approximately $100,000) after responding to a Facebook advertisement for a cryptocurrency investment scheme that promised $500,000 in returns. The victim made seven transactions between August 20-27 using retirement savings, and police suspect an organized syndicate orchestrated the scam; no arrests had been made at the time of reporting. Malaysian authorities have noted a rising trend of crypto fraud targeting senior citizens, with scammers using sophisticated tactics including fake celebrity endorsements, deepfakes, and impersonation of financial institutions.