Search
Explore the Archive
Search across 22,013 articles about elder fraud. Filter by fraud type, payment mechanism, or keywords.
1,906 results
in Money Mules / Laundering
ainvest.com
· 2025-12-08
Between January 2020 and December 2024, the U.S. Treasury Department's Financial Crimes Enforcement Network reported approximately $312 billion in suspicious transactions linked to Chinese money laundering networks, which facilitate illicit financial flows for drug cartels, human trafficking, and fraud schemes. Among the suspicious activity, 108 Bank Secrecy Act filings involved elder abuse, and 43 reports identified $766 million in transactions tied to adult and senior day care centers in New York. These networks operate through multiple channels including real estate transactions ($53.7 billion across 17,389 filings), trade-based money laundering, money mule schemes, and the recruitment of compl
ainvest.com
· 2025-12-08
Between January 2020 and December 2024, the U.S. Financial Crimes Enforcement Network (FinCEN) identified 137,153 Bank Secrecy Act reports involving Chinese money laundering networks (CMLNs) that moved approximately $312 billion in suspicious transactions, including $766 million linked to adult and senior day care centers suggesting potential elder abuse and fraud. CMLNs exploit financial loopholes to launder drug cartel proceeds while helping Chinese entities bypass currency restrictions, and increasingly use real estate, trade-based schemes, money mules, and infiltration of financial institutions to obscure illicit funds. The Treasury Department has prioritized dism
justice.gov
· 2025-12-08
A former U.S. Postal Inspector, Scott Kelley, was arrested and charged in a 45-count indictment for stealing over $330,000 in cash from packages mailed by elderly scam victims between 2019 and 2023, then laundering the money and evading taxes. As Team Leader of the Mail Fraud Unit investigating lottery scams targeting seniors, Kelley exploited his position to intercept approximately 1,950 packages flagged by the USPIS algorithm, opening and stealing cash from parcels—with identified victims averaging 75 years old losing between $1,400 and $19,100 each. Additionally, Kelley st
mercurynews.com
· 2025-12-08
YouTubers conducting "scambait" sting operations in 2020-2021 provided crucial evidence that helped federal prosecutors dismantle a Chinese organized crime group that defrauded more than 2,000 elderly victims of approximately $65 million across the United States. The scheme, operated primarily by Chinese nationals working with Indian call centers, targeted seniors (average age 70+) through phone calls, emails, and pop-up ads, using social engineering tactics to trick victims into wire transfers, cash shipments, and gift card payments by impersonating bank employees or government officials. Twenty-five of 28 indicted defendants were arrested and face federal charges including mail fraud, wire fraud,
indianexpress.com
· 2025-12-08
A 78-year-old man in Noida was defrauded of Rs 3.14 crore in a "digital arrest" scam where fraudsters impersonated government officials (TRAI, police, CBI, Supreme Court) and convinced him he was involved in money laundering, keeping him and his wife under virtual surveillance for 15 days before the deception was discovered. Cybercrimes against seniors have surged 86% between 2020-2022, with common scams including digital arrest, investment fraud, deepfakes, government impersonation, and OTP theft, exploiting seniors' vulnerability to trust-based and fear-based tactics.
spokesman.com
· 2025-12-08
A 51-year-old former postal inspector in Massachusetts was arrested and charged with 45 counts, including stealing over $330,000 from elderly victims (average age 75) who had been defrauded by lottery scams and mailed cash to scammers. Kelley, who ironically led the Mail Fraud Unit investigating such scams, intercepted packages flagged by the Postal Service's anti-fraud algorithm, stole the cash from victims attempting to recover their losses, and laundered the money through money orders and multiple bank accounts to fund personal expenses including a pool patio and Caribbean cruise. He also stole $7,000 from an evidence locker and falsely blamed another inspector
nbcsandiego.com
· 2025-12-08
Federal prosecutors charged more than two dozen members of a Chinese scam ring with defrauding thousands of victims of over $65 million through refund scams that involved unsolicited contact, psychological manipulation, and remote computer access. The investigation was aided by YouTube scam-baiters who conducted undercover operations in 2020-21, and recent raids across four states resulted in 25 arrests, $4.2 million in seized cash, and the impoundment of luxury vehicles. Notable victims included a 97-year-old Holocaust survivor's widow from San Diego who lost her life savings.
kcra.com
· 2025-12-08
A Sacramento woman lost $28,000 in life savings after responding to a fraudulent email claiming unauthorized PayPal charges, which led her to call a scammer posing as a PayPal representative. The caller convinced her that her identity had been used to open 22 accounts linked to money laundering and threatened her with arrest, instructing her to withdraw cash for a fake "investigation hold" by Social Security officials. Police are investigating the incident, and PayPal advises customers to report suspicious emails directly rather than calling numbers provided in them.
timesofsandiego.com
· 2025-12-08
Twenty-eight members of a Chinese organized crime ring were charged in federal court in San Diego for defrauding senior citizens nationwide out of millions of dollars through unsolicited phone calls and emails claiming mistaken refunds. Victims were pressured to send money to short-term rentals, with one 97-year-old Holocaust survivor losing her entire life savings; YouTube content creators helped law enforcement identify three defendants and gather evidence through undercover stings. Twenty-five defendants have been arrested and face charges including conspiracy to commit mail and wire fraud and money laundering.
ktvz.com
· 2025-12-08
A 74-year-old Sacramento woman lost her entire life savings of $28,000 in an elder fraud scheme in which scammers impersonated PayPal and Social Security officials via email and WhatsApp, using scare tactics about money laundering to pressure her into withdrawing cash from two banks. One perpetrator came to her home posing as a Social Security officer and collected the boxed cash using a predetermined password, despite the victim being a former bank teller. The Sacramento County grand jury has recommended that local law enforcement hire specialized financial abuse detectives to better investigate these frequently underreported crimes.
justice.gov
· 2025-12-08
A Nigerian citizen, Daniel Chima Inweregbu, pleaded guilty to operating a romance scam between 2017 and 2018 that defrauded multiple American women of over $405,000 using a fake online persona called "Larry Pham." Inweregbu and his co-conspirators created fake dating profiles to build romantic relationships with middle-aged female victims, then manipulated them into sending money and laundered the proceeds through various financial transactions. He faces up to 20 years in prison on each of two counts plus fines totaling up to $750,000, with sentencing scheduled for December 4, 2025.
cbsnews.com
· 2025-12-08
A 74-year-old Sacramento resident lost her entire life savings of $28,000 in a sophisticated elder fraud scheme involving email and WhatsApp impersonation of PayPal officials. The scammers used fear tactics to convince her to withdraw cash from two banks, then sent a second perpetrator posing as a Social Security officer to her home to collect the wrapped money using a predetermined password. The case highlights gaps in law enforcement resources, as the Sacramento County Sheriff's Department reduced its elder abuse detective unit from 12 to 8 officers due to budget cuts.
onmanorama.com
· 2025-12-08
A retired Kerala couple—Dr. S Lathika (72) and Shankaran Bhattathiri (69)—lost ₹2.4 crore in a "digital arrest" scam after receiving a call claiming to be from TRAI about a money-laundering investigation. The scammers held them in a continuous video call for 11 days, preventing them from disconnecting even at night, monitoring their movements, and threatening arrest while forcing them to transfer funds. The psychological control was so severe that Dr. Lathika delayed cancer treatment to comply with the scammers' restrictions, only visiting a hospital after days of pleading.
timesofindia.indiatimes.com
· 2025-12-08
A retired merchant navy officer, Surya Pal Singh, and his 100-year-old father, Hardev Singh, lost Rs 1.29 crore in a "digital arrest" scam in Lucknow. Scammers impersonated a CBI officer, sent a fake arrest notice via WhatsApp claiming money laundering charges, and convinced the victims to transfer funds through multiple RTGS transactions to various accounts between August 21-26. The fraud was discovered only after the transfers were completed, with payments dispersed to accounts in Bhavnagar, Panaji, and Jalgaon.
silive.com
· 2025-12-08
Two New Jersey brothers, Abhishek and Tushar Barvalia, allegedly defrauded four elderly women (ages 76-90) out of nearly $400,000 between June 2023 and January 2024 by impersonating government agents, bank representatives, and Microsoft/FTC officials and convincing them their accounts were compromised or involved in illegal activity. The victims, located in Brooklyn, Staten Island, Queens, and Connecticut, were manipulated into withdrawing cash or sending cashier's checks to accounts controlled by the defendants, with individual losses ranging from $15,000 to $171,680. The brothers face charges of second-degree gran
justice.gov
· 2025-12-08
Twenty-eight alleged members of a Chinese organized crime ring operating since at least 2019 were charged in federal indictments for a $65 million fraud scheme targeting thousands of seniors across the United States, including a 97-year-old Holocaust survivor's widow who lost her entire life savings. The network, composed primarily of Chinese nationals working with India-based call centers, used impersonation and psychological manipulation to trick victims into wiring money, with scammers posing as technical support agents or government officials and often convincing victims they had received mistaken refunds. After a nationwide takedown operation, 25 defendants were arrested, $4.2 million was seized from financial accounts
justice.gov
· 2025-12-08
An elderly victim in Bristolville, Ohio, and his sister lost over $1.6 million in a cryptocurrency investment scam that began with a text from an unknown person claiming to be named "Zach." The scammer, operating under the username "Shaw Goddess" on Telegram, posed as a successful investor and convinced the victim to open accounts on Crypto.com and Strike.com, ultimately directing him to transfer over $1 million to a fake investment platform; when withdrawal attempts failed, the victim realized the fraud. Federal investigators used blockchain analysis to trace approximately $200,000 of the stolen funds to a Tether cryptocurrency address, which was frozen by Tether Limited in December
saharareporters.com
· 2025-12-08
Oluwasegun Baiyewu, 37, of Richmond, Texas, was convicted by a federal jury in Puerto Rico for conspiracy to launder funds from large-scale fraud schemes including romance scams, pandemic relief fraud, and business email compromise attacks that disproportionately targeted elderly and vulnerable Americans. Baiyewu and four co-conspirators routed stolen proceeds through multiple accounts to conceal their origin, then used the funds to purchase used cars shipped to Nigeria and distribute money to other co-conspirators between 2020 and 2021. The defendants will be sentenced by the District of Puerto Rico court.
irishexaminer.com
· 2025-12-08
French actor Dany Boon was defrauded of nearly €7 million by Thierry Fialek-Birles, a con artist who posed as an Oxford-educated Irish aristocrat and maritime lawyer. Operating under multiple aliases and identities, Fialek-Birles gained Boon's trust by claiming to renovate his yacht, then convinced him to transfer €2.2 million for yacht management and €4.5 million for a fake Irish Central Bank investment scheme before disappearing and transferring funds to offshore accounts in Panama and South Korea. Fialek-Birles, who was arrested in Panama in February 2024, faces trial in
justice.gov
· 2025-12-08
A federal jury in Puerto Rico convicted Oluwasegun Baiyewu and four co-conspirators of money laundering involving proceeds from romance scams, pandemic relief fraud, unemployment insurance fraud, and business email compromise schemes that primarily targeted elderly and vulnerable Americans. The defendants laundered stolen funds through hundreds of transactions in 2020-2021, including purchasing used cars shipped overseas to Nigeria, with the conspiracy affecting victims across multiple states and Puerto Rico.
noozhawk.com
· 2025-12-08
Jonathan Tudor, a 64-year-old West Hollywood man, was arrested in July and is facing 78 criminal charges including elder theft, securities fraud, grand theft, money laundering, and forgery after defrauding 38 victims out of approximately $500,000. Tudor posed as a BMW luxury car executive and investment advisor, promising high-end vehicles and doubled investment returns that never materialized; detectives recovered over $250,000 in luxury goods from his home and found no evidence the vehicles existed. The scam victimized people across California, New York, and Washington dating back to 2023, with Tudor allegedly using funds from new victims to pay smaller returns to earlier victims in
crimefightersng.com
· 2025-12-08
Daniel Chima Inweregbu, a 40-year-old Nigerian national, pleaded guilty on August 21, 2025, to operating a romance scam that defrauded American victims of over $405,000 between July 2017 and December 2018. Inweregbu and his co-conspirators created fake dating profiles under the alias "Larry Pham" to build romantic relationships with women, then exploited their trust to extract money, which they subsequently laundered through multiple transactions. He faces up to 20 years in prison on the fraud charge and an additional 20 years on money laundering charges, with sentencing scheduled for December 4,
indianexpress.com
· 2025-12-08
A 78-year-old man in Noida lost Rs 3.14 crore in a "digital arrest" scam where criminals impersonating TRAI, police, CBI, and Supreme Court officials trapped him in fake video calls for 15 days, threatening him with money-laundering charges and forcing him to transfer funds to a fake "Secret Supervision Account." Cybercrimes against seniors have surged 86 percent between 2020 and 2022, with common scams including digital arrest, investment fraud, deepfakes, and government impersonation—schemes that exploit seniors' trust and vulnerability to urgency-based tactics through means they struggle to recognize
pulse.com.gh
· 2025-12-08
This educational article outlines eight categories of federal crimes that attract FBI investigation, ranging from terrorism and espionage to cybercrime, public corruption, civil rights violations, and organized crime. The piece provides examples of each category, such as the 2013 Boston Marathon bombers' online radicalization, the 2021 Colonial Pipeline ransomware attack, and the Equifax data breach affecting 147 million Americans. The article is designed to inform readers about activities—both intentional and unintentional—that could trigger FBI scrutiny beyond commonly known offenses like terrorism or organized crime.
ktlo.com
· 2025-12-08
Baxter County, Arkansas is experiencing a rise in scams targeting residents, prompting local law enforcement to host a public call-in program with Sheriff John Montgomery to educate citizens on fraud prevention. The initiative follows recent arrests of three men accused of acting as "money mules" for overseas scam operations; common schemes affecting residents include government impersonation, tech support fraud, fake sweepstakes, romance scams, and home repair fraud using phishing emails, robocalls, and spoofed numbers.
brooklynda.org
· 2025-12-08
Two New Jersey brothers, Abhishek Barvalia (31) and Tushar Barvalia (32), were indicted in Brooklyn for allegedly defrauding four seniors aged 76 to 90 of approximately $400,000 between June 2023 and January 2024. The defendants posed as FBI agents, Microsoft representatives, and government officials, convincing victims their bank accounts were compromised and directing them to withdraw funds and transfer money to accounts the defendants controlled, while instructing victims to maintain secrecy. The defendants were charged with second-degree grand larceny, first-degree scheme to defraud, and fourth-degree conspiracy.
ainvest.com
· 2025-12-08
This article covers multiple bank fraud cases prosecuted in 2025. Former Cathay Bank manager Weixin "Tony" Chen was indicted on charges of siphoning funds from customers' home equity lines and deposit accounts across Southern California branches, facing up to 30 years per count. The article also highlights the case of Jiaci Liu, a Chinese national sentenced to 24 months in federal prison for a sophisticated elder fraud scheme where he impersonated technical support and law enforcement to extract over $202,000 from elderly victims in Southern California and Arizona, including one victim who withdrew $28,000 after believing his computer was compromised.
11alive.com
· 2025-12-08
Georgia prison inmates, including an imprisoned rapper, were sentenced in Ohio for operating a phone scam from behind bars that impersonated law enforcement officers and targeted registered sex offenders nationwide, netting thousands of dollars before being uncovered by Ohio investigators. Marquis Conner received four years in prison and ordered to pay $9,400 in restitution; co-defendants Emmitt Wells and Johnathan Ford each received three years, while Julissa Casanas was placed on community control for processing payments. The scheme involved contraband cellphones in Georgia prisons and represents part of a larger pattern of fraud within the state's correctional system.
commonsenseinstituteus.org
· 2025-12-08
Financial fraud in Oregon resulted in an estimated $201 million in reported losses and $1.2 billion in unreported losses in 2025, with the FBI and FTC reporting significant increases in fraud cases nationwide. The state's economy faces a projected $3.9 billion reduction in GDP, $2.6 billion reduction in personal income, and approximately 15,000 job losses due to all financial fraud (reported and unreported). Oregon ranks 26th-28th among states for cyber-enabled crime losses and elder fraud complaints, with fraud cases up 3,336 since 2022 and total losses up 285% since 2020.
techradar.com
· 2025-12-08
Romance scams cost victims over £106 million in 2024 in the UK alone, with fraudsters increasingly using AI-generated deepfakes and synthetic identities to impersonate celebrities and trusted individuals, as demonstrated by a case where a French woman lost €830,000 to fake Brad Pitt impersonators. Beyond romance fraud, these same tactics are being deployed in investment scams, phishing attacks, and social engineering schemes, with investment scam losses reaching £144.4 million in 2024 and one Georgian network defrauding victims across multiple countries of $35 million using deepfake videos of money expert Martin Lewis.
it-online.co.za
· 2025-12-08
Luno's data shows that while crypto scams affect less than 1% of its 14 million customers, scams and fraudulent misrepresentation remain prevalent in digital currency, with the platform handling 516 scam-related queries over three months. Common fraud schemes include romance scams (one South African man lost R4 million over 4.5 years), phishing, impersonation of staff, money laundering schemes, and password compromises, with males aged 20-40 and females aged 20-30 most susceptible. Luno recommends security measures such as unique passwords, two-factor authentication, and passkeys, while noting that cryptocurrency's dec
wired.com
· 2025-12-08
Organized crime gangs operating scam compounds in Southeast Asia (Cambodia, Myanmar, and Laos) have been linked to billions of dollars in fraud over the past decade, and new research reveals these compounds are also connected to child sextortion operations. International Justice Mission researchers found that at least 493 child exploitation reports to the National Center for Missing and Exploited Children, and approximately 18,000 additional reports containing IP addresses from known scam compound locations, are linked to these operations where an estimated 200,000 trafficking victims are forced to run scams 24 hours daily. The findings represent the first clear evidence connecting forced scamming operations to global child sextortion cases, which have
freep.com
· 2025-12-08
The FTC reports a four-fold increase in "transfer it to protect it" scams from 2020-2024, where fraudsters impersonating banks or government agencies convince victims to move money to protect it from fabricated threats. Adults aged 60 and older reported the highest losses, with combined losses exceeding $100,000 reaching $445 million in 2024 (up from $55 million in 2020), though younger consumers are also becoming victims, including an 18-year-old in Michigan who lost $4,800 after receiving a phishing email. Scammers typically initiate contact via phone calls (41% of cases), emails, or pop
gov-pritzker-newsroom.prezly.com
· 2025-12-08
Illinois Governor Pritzker signed two bills in August 2025 to protect consumers from cryptocurrency fraud: the Digital Assets and Consumer Protection Act (SB1797) and the Digital Asset Kiosk Act (SB2319). Illinois residents lost $272 million to cryptocurrency fraud in 2024, making it the most common type of financial fraud that year; the new legislation establishes state regulatory oversight of digital asset exchanges, requires kiosk operators to register and provide full refunds to scam victims, and caps transaction fees at 18% with daily limits for new customers.
pratidintime.com
· 2025-12-08
An RSS leader Kaushik Sharma and his brother Suresh Sharma in Barpeta district, Assam allegedly defrauded a woman and fellow RSS member, Gourpriya Nath, of ₹5 lakh in December 2024 by promising her a government job in exchange for a loan they refused to repay. When the victim demanded her money back, Kaushik Sharma allegedly physically assaulted her and confiscated her phone containing video evidence of the attack. The victim claims the brothers operate a coordinated scam targeting others with false job promises, and alleges local police have refused to file a formal complaint despite her documented evidence of
canyon-news.com
· 2025-12-08
Jonathan Tudor, a West Hollywood resident, was arrested on July 29 for running a luxury vehicle discount scam in which he posed as a BMW executive and defrauded victims of approximately $16,000 by convincing them to wire money for discounts he never delivered. Detectives recovered over $250,000 in luxury goods (Fendi, Gucci, Hermès, Louis Vuitton) believed stolen from victims at his residence. Tudor was charged with 44 counts including fraud, money laundering, theft from an elder, and grand theft, with a preliminary hearing scheduled for August 26.
aol.com
· 2025-12-08
Kenneth G. Akpieyi, a Georgia man, was convicted on federal charges of mail fraud, wire fraud, and money laundering for orchestrating a romance scam that defrauded eight victims of over $3 million. Operating across social media platforms, Akpieyi and his co-conspirators posed as military officers and entrepreneurs to build emotional relationships with victims—predominantly women—before fabricating financial emergencies to extract money, which was then routed through his business accounts to avoid detection. The case underscores the serious threat romance scams pose to older adults and highlights key warning signs including rapid declarations of love, requests for money via untraceable methods, and pressure to move conversations to
legit.ng
· 2025-12-08
Ghanaian football club owner Kofi Boat and two associates were extradited to the United States to face trial for operating a $100 million wire fraud scheme called "The Enterprise" between 2016 and 2023. The criminal network targeted U.S. victims through romance scams and business email compromise schemes, laundering stolen funds through West Africa, with the defendants facing multiple charges that carry maximum sentences of up to 75 years in prison.
vietnamnews.vn
· 2025-12-08
A sophisticated "online kidnapping" scam has targeted young people across Vietnam, particularly university students, where scammers impersonating police officers threaten victims with false money laundering accusations and instruct them to obtain money from family members under pretexts like study abroad applications, isolate themselves in hotels, and cut off contact with loved ones. Since March, approximately five such scams occur monthly in Ho Chi Minh City alone involving billions of Vietnamese đồng, with victims falling prey due to lack of awareness about current scam trends and the scammers' use of authentic personal information to create credibility. The scam exploits young people's limited life experience combined with their cyber-savviness,
gulfnews.com
· 2025-12-08
This educational article discusses the growing threat of cybercrime and provides practical defense strategies for consumers. Cybercriminals use psychological manipulation tactics (phishing, fake emails, deepfake technology) to exploit trust and urgency, with cybercrime costing the global economy over $1 trillion annually. The article recommends vigilance through several protective measures: verify links before clicking, scrutinize emails for red flags, never share OTPs, monitor bank statements weekly, use transaction limits and card freezes, and report suspicious activity immediately to banks.
lowellsun.com
· 2025-12-08
A transnational grandparent scam operation based in the Dominican Republic defrauded over 400 elderly victims (average age 84) of more than $5 million, with at least 50 victims from Massachusetts, using fake calls claiming grandchildren needed emergency money. Thirteen suspects, including alleged mastermind Oscar Manuel Castanos Garcia, faced charges after a two-year FBI investigation, with the scheme involving "opener" and "closer" call center employees who posed as family members and lawyers, directing victims to hand cash to rideshare drivers for delivery. The operation highlights the emotional and financial devastation of elder fraud and the importance of bank scrutiny for unusual senior withdrawals
jdsupra.com
· 2025-12-08
This article examines how white-collar crime has evolved in the digital age, with global losses from business email compromise exceeding $2.9 billion annually and cryptocurrency money laundering surpassing $3 billion. The piece discusses emerging investigation techniques including digital forensics, blockchain analysis, and machine learning, while highlighting the human impact—including a tragic case where an elderly fraud victim shot a ride-share driver under scammer threat, and noting that elderly victims lose an average of $35,000 per incident with over 88,000 reported cases in 2022.
abc7.com
· 2025-12-08
A West Hollywood man, Jonathan Tudor, allegedly defrauded more than 40 victims by posing as a BMW executive and selling them luxury cars at steep discounts that were never delivered, collecting hundreds of thousands of dollars. Victims included Gloria Schlesinger, who lost nearly $14,000, and his neighbor Scott S.; the stolen funds were spent on luxury goods from brands like Hermès and Gucci. Tudor was arrested in July and faces 44 criminal charges including theft from an elder, securities fraud, grand theft, money laundering, and forgery, and is being held without bail.
forbes.com
· 2025-12-08
A BioCatch survey of 800 financial crime professionals across 17 countries found that 81% of Americans believe AI is enabling more sophisticated fraud, with social media and the dark web also facilitating crimes that cost the U.S. $485.6 billion annually in projected losses. Key challenges in combating fraud include poor information-sharing among competing banks, a disconnect between fraud losses (borne by consumers, not financial institutions) and bank priorities, and insufficient law enforcement follow-up on suspicious activity reports. The study reveals that while most financial institutions believe they are winning against fraud, criminal networks are actually outpacing banks' defenses.
sentinelone.com
· 2025-12-08
The Department of Justice charged four Ghanaian nationals for operating a $100 million fraud ring from 2016 to 2023 that targeted U.S. companies and vulnerable senior citizens through romance scams and business email compromise attacks, with sentences potentially reaching 20 years per offense. Additionally, the DOJ seized $1,091,453 in cryptocurrency from the BlackSuit ransomware group as part of coordinated law enforcement action to disrupt their operations, which have generated $370 million in ransom payments across over 450 attacks on U.S. critical infrastructure sectors.
malwarebytes.com
· 2025-12-08
The DOJ extradited and indicted four Ghanaian nationals for allegedly leading a criminal organization that stole over $100 million through romance scams and business email compromise schemes targeting Americans, primarily older men and women. In 2024 alone, nearly 59,000 Americans lost an estimated $697.3 million to romance scams, with the actual losses believed to be significantly higher due to underreporting. The article outlines how these scams operate—building trust through fake relationships before requesting money for fabricated emergencies or investment opportunities—and provides protective measures including verifying profiles, avoiding money transfers to strangers, and reporting suspicious activity to law enforcement.
khou.com
· 2025-12-08
Thirteen people were charged in a sophisticated "grandparent scam" operation based in the Dominican Republic that targeted over 400 seniors across the United States, resulting in losses exceeding $5 million. The scheme, led by Oscar Manuel Castanos Garcia, involved English-speaking call center workers posing as distressed grandchildren or their attorneys to pressure elderly victims (average age 84) into sending cash via runners and mail, with the funds then laundered back to the Dominican Republic. Victims should report suspected fraud to the FBI at 1-800-CALL-FBI or the IC3 Elder Fraud Complaint Center, and experts advise verifying urgent requests directly with family members before sending
redhotcyber.com
· 2025-12-08
Four Ghanaian nationals were indicted by the U.S. Department of Justice for operating an international fraud ring called the "Sakawa Boys" that stole over $100 million between 2016 and May 2023 through romance scams targeting elderly individuals and Business Email Compromise (BEC) attacks on corporations. The defendants, extradited to the U.S. in August 2025, held leadership positions in the hierarchical organization and used fake identities to gain victims' trust online, then laundered proceeds through fictitious bank accounts and international transfers. Each faces charges including wire fraud (up to 20 years per count), money laundering conspiracy (up to 20
pulse.com.gh
· 2025-12-08
Over 20 Ghanaians have been arrested and prosecuted by US authorities since 2021 for wire fraud, romance scams, and money laundering targeting American citizens, with several high-profile cases involving extradition. Notable cases include Hajia4Reall (Mona Faiz Montrage), who defrauded victims of over $2 million in romance scams and was sentenced to one year in prison with $1.4 million in restitution; Dada Joe Remix (Joseph Badu Boateng), extradited for orchestrating a $100 million romance and inheritance fraud scheme; and three other members of "The Enterprise
wamc.org
· 2025-12-08
A transnational grandparent scam operating from the Dominican Republic was dismantled following a two-year investigation, with suspects from New York, Massachusetts, and the Dominican Republic charged after defrauding at least 400 elderly victims of over $5 million. The sophisticated operation used call centers with "openers" posing as grandchildren in emergencies and "closers" impersonating lawyers demanding cash, with unwitting rideshare drivers recruited to transport victims to banks and deliver money; the scheme was uncovered when Uber flagged suspicious rides and alerted federal authorities. At least nine suspects were arrested facing wire fraud, mail fraud, and money laundering charges carrying up to 20