Search

Explore the Archive

Search across 19,276 articles about elder fraud. Filter by fraud type, payment mechanism, or keywords.

4,783 results in Romance Scam
amac.us · 2025-12-08
Older Americans are increasingly targeted by fraud schemes, with seniors losing over $3.4 billion in 2023—an average of $33,915 per victim—according to the FBI's 2023 Elder Fraud Report. Many of these scams, including impersonation schemes and "pig butchering" cryptocurrency frauds, are allegedly coordinated or tolerated by the Chinese Communist Party, with recent indictments in Ohio and California involving Chinese nationals charged with defrauding elderly victims out of thousands to millions of dollars. Experts emphasize that only 10-15 percent of senior fraud victims report their losses, suggesting the actual problem is far larger than reported figures indicate
livebitcoinnews.com · 2025-12-08
The U.S. Secret Service has seized nearly $400 million in cryptocurrency over the past decade, with much of it linked to romance scams and fake investment platforms that target victims through catfishing and promise of quick returns. Despite these enforcement successes, crypto scams are accelerating, with Americans losing $9.3 billion to such schemes in 2024 alone, representing over half of all internet fraud losses that year. The Secret Service's June 2025 seizure of $225 million in USDT marked its largest cryptocurrency confiscation to date.
ainvest.com · 2025-12-08
**Summary:** Two UK men, Raymondip Bedi and Patrick Mavanga, were sentenced to a combined 12 years in prison for operating a cryptocurrency fraud scheme between 2017 and 2019 that defrauded victims of over $2 million. The pair posed as financial advisers, cold-called inexperienced investors, and directed them to fake cryptocurrency websites through companies CCX Capital and Astaria Group LLP, causing severe financial and emotional harm to victims, some of whom lost their life savings. The case highlights the challenges in enforcing crypto regulations, as the prosecution took years to complete due to FCA case backlogs.
ainvest.com · 2025-12-08
The U.S. Secret Service has seized nearly $400 million in cryptocurrency over the past decade, including a record $225 million from a money laundering network, with many funds traced to romance scams and fake investment schemes targeting victims through catfish tactics. Despite these enforcement successes, crypto-related crimes continue to surge, with Americans losing $9.3 billion to crypto scams in 2024 alone and wallet hacks, phishing attacks, and protocol exploits causing over $2.47 billion in losses in the first half of 2025, indicating that criminal tactics are becoming increasingly sophisticated.
tradingview.com · 2025-12-08
The U.S. Secret Service has become a major cryptocurrency custodian after seizing nearly $400 million in digital assets from various crypto scams over the past decade, including romance scams and investment frauds that use psychological manipulation and fake websites to defraud victims. The agency employs blockchain forensics and international collaboration—training officers in over 60 countries—to trace and recover stolen funds, with notable successes including the recovery of $225 million in USDT from a romance-investment scam network. Despite these efforts, crypto crime continues to surge, with investors losing $2.2 billion in the first half of 2025, primarily through wallet hacks and phishing attacks.
thezebra.org · 2025-12-08
A high school student named Wesley Driscoll, inspired by his personal experience with a phone scam, founded Silver Guard Seniors to help protect elderly citizens from fraud. The organization is hosting a free scam-prevention event on July 26 in Alexandria, Virginia, featuring former FBI agent John Schwartz and other experts who will educate seniors about recognizing common schemes like romance scams and refund fraud, while addressing the shame and secrecy that often surrounds elder financial abuse.
timesofindia.indiatimes.com · 2025-12-08
A restaurant manager in Mumbai's Borivli neighborhood was arrested for operating a dating scam in conspiracy with 21 conartists from Delhi and Ghaziabad. The scheme involved creating fake female profiles on dating apps to lure victims to the restaurant, where inflated bills (up to Rs 35,000) were presented and payments diverted to private UPI accounts, with the restaurant staff receiving a cut of proceeds. Police arrested 22 individuals total and recovered equipment worth Rs 3.7 lakh, though they suspect multiple victims across locations have not reported the fraud.
news9.com · 2025-12-08
This educational piece outlines common cybercrime threats targeting consumers, including romance scams on social media and fraudulent text messages about unpaid tolls, and emphasizes protective measures such as installing software updates, using strong authentication methods, and avoiding personal transactions on public Wi-Fi. According to recent data, U.S. consumers received 18.9 billion robocalls in 2025 and lost $12.5 billion to fraud in 2024, with text message scams alone accounting for $470 million in losses.
staysafeonline.org · 2025-12-08
This educational article outlines five common cryptocurrency scams affecting Americans, who lose over $9 billion annually to crypto investment fraud. Key scam types include too-good-to-be-true investment promises, romance scams (often called "pig butchering"), phishing attacks, pump-and-dump schemes, and fake cryptocurrency apps, with red flags provided for each. The article advises avoiding high-pressure tactics, never sharing private wallet keys, being skeptical of online romantic interests who introduce crypto investments, and downloading apps only from official stores.
mirror.co.uk · 2025-12-08
A UK survey of 1,000 adults found that 60% have had to help elderly relatives stay safe online, with 41% believing their older loved ones could be duped by scammers. The study revealed that 26% of older Brits have encountered scams and 21% have been victims of financial fraud, with common unsafe practices including clicking dubious links (68%), answering unknown calls (60%), and using simple passwords (51%). Experts emphasize that digital safety education and family conversations about cyber threats are essential to protecting vulnerable seniors from evolving online scams.
macaudailytimes.com.mo · 2025-12-08
A 69-year-old woman was arrested for money laundering after receiving approximately MOP3 million in fraudulent funds through her personal bank account for a "pig butchering" romance scam operation. Two local victims lost MOP1.3 million and MOP700,000 respectively after being deceived by an online romantic partner into investing in a fraudulent scheme promising high returns. Police report eight total victims of this scam since July, with combined losses exceeding MOP3.56 million, and warn the public to verify investment opportunities and exercise caution in online relationships.
abc7chicago.com · 2025-12-08
Scammers impersonating celebrities, particularly using fake Elon Musk identities, are defrauding victims through cryptocurrency investment schemes that employ AI voice cloning and deepfake technology. Richard Lyons, a Vietnam veteran, lost $10,000 to a fraudster posing as Musk on social media, who used fake caller ID spoofing, AI-generated voice messages, and a fraudulent investment webpage showing fake profits to convince him to send crypto. The FBI reports that cryptocurrency scams resulted in $9 billion in losses in 2024, with $6 billion specifically lost to people tricked into sending funds to fraudsters, and advises potential victims to
bankingjournal.aba.com · 2025-12-08
Over one-third of Americans have experienced financial fraud since January 2024, with baby boomers and Generation X most vulnerable, and phishing scams alone costing consumers $12.5 billion in 2024—a 25% increase from the prior year. Romance scams and relationship investment schemes are particularly prevalent, with fraudsters building trust through social media and dating platforms before exploiting victims. Banks are urged to implement multi-layered defenses including real-time transaction monitoring, staff training with clear communication, fraud playbooks, and directing victims to support resources like the BBB Scam Survival Toolkit and AARP's Fraud Support Group.
usatoday.com · 2025-12-08
Adults over 60 lost over $4.9 billion to scams in 2024, with impersonation, romance, tech support, and emerging "grandparent scams" using AI voice cloning being the most common threats. The article provides six protective practices: avoid unknown calls/texts, never share personal information with unsolicited callers, recognize urgency and emotional manipulation tactics, and refrain from sending money to unknown contacts via any payment method.
Romance Scam Crypto Investment Scam Government Impersonation Law Enforcement Impersonation Bank Impersonation Cryptocurrency Wire Transfer Gift Cards Bank Transfer Payment App
bitdefender.com · 2025-12-08
Scammers have used AI-generated deepfake videos of Jennifer Aniston to perpetrate romance fraud for over a decade, with a recent case involving a 43-year-old man from Southampton who sent £200 in Apple gift cards after being manipulated through fake videos and a forged California driver's license. The scam exploited emotional manipulation and false exclusivity claims, using only publicly available photos and free AI tools to create convincing deepfake content. This represents an evolving threat where romance scammers combine classic social engineering with deepfake technology to impersonate celebrities and exploit victims' emotional connections to famous figures.
kjzz.org · 2025-12-08
Cryptocurrency ATM scams are increasingly targeting older adults, with scammers using phone calls, social media, and text messages to direct victims to deposit cash into Bitcoin ATMs via fraudulent QR codes under the pretense of protecting funds or making investments. Scammers now operate as organized criminal networks rather than isolated actors, with reported losses ranging from thousands to hundreds of thousands of dollars per victim—including cases of a woman losing $700,000 and another losing $200,000. A particularly sophisticated variation called "pig butchering" begins as romance scams on social media before morphing into cryptocurrency investment schemes designed to extract all available funds from victims.
nzherald.co.nz · 2025-12-08
As AI advances, traditional scam detection methods like spotting poor spelling and grammar are no longer reliable, according to cybersecurity experts. An Avast survey of 1,001 New Zealand adults found that while 74% worry about older loved ones falling victim to scams and 84% have warned them about online threats, only 53% of seniors actually change their behavior—with common vulnerabilities including writing passwords on paper (44%) and ignoring advice about suspicious links. The most prevalent scams targeting older adults are tech support scams, phishing, and fake invoices, with phone calls remaining a primary entry point for fraud.
selectcommitteeontheccp.house.gov · 2025-12-08
U.S. House lawmakers sent a bipartisan letter to Google CEO commending the company's efforts to combat scams linked to Chinese Communist Party entities that drain billions from Americans annually, particularly "pig butchering" cryptocurrency scams and tech support schemes that target vulnerable seniors. The letter requests information on Google's technologies to block malicious ads, browser-based scams, and AI-driven detection capabilities, noting that these transnational criminal operations caused an estimated $10 billion in crypto fraud losses in 2024 alone.
unionrayo.com · 2025-12-08
Match Group is rolling out a facial recognition feature called Face Check on Tinder, currently being tested in California, which requires users to submit a video selfie to verify their identity and receive a blue checkmark indicating authenticity. The feature uses facial scanning technology to prevent catfishing and romance scams—which have caused millions in losses to dating app users—by comparing video footage to profile photos and detecting duplicate accounts; encrypted facial maps are retained while videos are deleted. Face Check has already been successfully tested in Canada and Colombia, reducing fraudulent accounts and improving user confidence in profile authenticity.
dexerto.com · 2025-12-08
Actor Keanu Reeves pays thousands of dollars monthly to an AI company to remove fake impersonator accounts and protect fans from romance scammers, as he is reportedly the most impersonated celebrity online due to his lack of social media presence. Romance scams using celebrity impersonations are rising in prevalence, with recent victims losing substantial sums—including a woman who lost $850,000 to a scammer posing as Brad Pitt—and the company handling Reeves' takedowns has issued nearly 40,000 account removal orders on his behalf in the past year.
okcfox.com · 2025-12-08
Deputy Tara Hardin from the Oklahoma County Sheriff's Office discusses the rising threat of romance scams and emphasizes the need for increased vigilance as scammers employ increasingly sophisticated tactics. The segment provides prevention strategies to help people protect themselves from this growing type of fraud.
hollywoodreporter.com · 2025-12-08
A 73-year-old woman in the rural South lost approximately $100,000 in bitcoin to scammers impersonating actor Kevin Costner over several months, luring her with romantic messages and promises of a production company job before standing her up at a hotel meeting. The scam is part of a larger billion-dollar celebrity impersonation scheme that exploits lonely victims through AI-generated deepfakes, fake messaging accounts, and social media, prompting Hollywood to pursue legislation like the "No Fakes Act" to protect artists' likenesses and voices from unauthorized use.
itweb.africa · 2025-12-08
This article examines how artificial intelligence is transforming romantic relationships and creating new vulnerabilities to scams. According to Norton Cyber Safety Insights, 48% of people use dating apps, with one in four daters targeted by romance scams powered by AI-generated deepfakes, bots, and fake avatars designed for emotional manipulation. The article warns that while AI offers convenience in relationships and family connections, it risks eroding genuine human bonds and making it increasingly difficult for vulnerable users to distinguish between authentic and fraudulent interactions.
channelnewsasia.com · 2025-12-08
"Revenge on Gold Diggers," a Chinese interactive video game released in June, became a commercial hit by simulating pig-butchering love scams where players protect themselves from women who manipulate men for money, selling over one million copies. The game sparked intense debate in China, with supporters praising its anti-fraud educational value amid rising scam concerns (40,000 telecom fraud cases in 2024), while critics condemned it for reinforcing misogynistic stereotypes and portraying women as inherent schemers rather than addressing systemic vulnerabilities in relationships. The developers changed the Chinese title to "Emotional Anti-Fraud Simulator" but maintained the English title remained "
nwestiowa.com · 2025-12-08
Romance scams involve criminals creating fake personas on dating sites and social media to build false relationships and extract money from victims through emotional manipulation and fabricated emergencies. The Federal Trade Commission estimates approximately 64,000 Americans lost $1.14 billion to romance scams in 2023, with seniors—particularly widowed and divorced individuals—being frequent targets. Red flags include refusal to meet in person or video call, rapid escalation of romantic declarations, requests to move to private messaging platforms, and endless excuses for financial assistance, with some victims also being coerced into becoming "money mules" for money laundering schemes.
capeargus.co.za · 2025-12-08
Cybercriminals deliberately target adults 65 and older through socio-economic crimes like romance fraud, fake investments, and phishing, exploiting age-based stereotypes and vulnerabilities such as memory issues, social isolation, and limited digital confidence. A research study by Dr. Suleman Lazarus and colleagues emphasizes that recognizing "ageism in cybercrime"—where older adults are purposefully targeted because they are perceived as easier to deceive—is essential to building effective defenses. Better awareness, clearer guidance, and stronger support systems are needed to protect older adults online, as the issue stems not from lack of money but from lack of confidence navigating digital financial systems.
mainlinemedianews.com · 2025-12-08
Con artists continuously develop new scams targeting seniors, with recent tactics including AI-based fraud, unpaid toll/fine texts, investment schemes, and romance scams, while older methods like the grandparent scam remain prevalent. One in ten older adults in the U.S. experience financial exploitation annually, losing billions in retirement savings, prompting support for the bipartisan Senior Security Act of 2025. Experts advise seniors to never share information via unsolicited calls or texts, verify requests independently through official channels, and remain skeptical of requests that seem too good to be true or create urgency through fear.
amityvillerecord.com · 2025-12-08
Consumers lost over $12.5 billion to fraud in 2024, a 25% increase from 2023, with the percentage of victims who lost money jumping from 27% to 38% according to FTC data. While seniors are frequently targeted through "elder fraud," financial scams affect consumers of all ages across the internet and smartphone platforms. The FTC recommends verifying requests before sharing money or personal information, avoiding wire transfers and unsolicited payments, using credit cards for stronger fraud protection, and never trusting unverified caller IDs or sharing sensitive information in response to unexpected contact.
police.tas.gov.au · 2025-12-08
Tasmania Police contacted 15 Tasmanians who lost a combined $2.5 million to scams involving cryptocurrency ATMs (CATMs), with approximately $900,000 deposited directly to these machines. Investigation found all top cryptocurrency ATM users in the state were involved in scams—primarily romance and investment fraud—where victims were directed to CATMs after banks blocked suspicious transfers. Police advise recognizing warning signs including pressure tactics, promises of high returns, and requests to deposit cash to CATMs from unknown individuals, and recommend reporting incidents to police and Scamwatch.
tribune.com.pk · 2025-12-08
Scammers are using AI-generated deepfakes and fabricated social media accounts to impersonate celebrities like Keanu Reeves and Kevin Costner in romance scams targeting vulnerable seniors. A 73-year-old victim named Margaret lost over $100,000 in bitcoin to a fake Kevin Costner impersonator before discovering the deception when she traveled to meet him. According to the FBI, Americans lost $672 million to such scams in 2024, with seniors as the primary victims, and experts note these psychologically manipulative schemes are increasingly "industrialized" with some perpetrators themselves being victims of human trafficking forced to work in cyber-fraud operations.
pulsetasmania.com.au · 2025-12-08
Victims of romance and investment scams deposited over $2.5 million into cryptocurrency ATMs across Tasmania, with individual losses averaging $165,000 and one victim losing more than $750,000. The majority of victims were around 65 years old and were targeted through fake relationships or schemes promising 30-40% returns, with scammers using phone calls, social media, and encrypted messaging to manipulate, threaten, and intimidate victims into making deposits. Police warn that crypto ATM deposits are nearly impossible to recover once sent, and the Australian government is implementing deposit limits of $5,000 per transaction to help prevent such scams.
thepaypers.com · 2025-12-08
I cannot provide a meaningful summary of this content. The text appears to be a header/footer section from The Paypers website rather than an article about scams, fraud, or elder abuse. It contains only publication information and copyright details, with no substantive content about any fraudulent activities or elder fraud cases. To create an appropriate summary for the Elderus database, please provide the actual article content.
tribune.com.pk · 2025-12-08
Actor Keanu Reeves pays thousands monthly to an AI security company to identify and remove approximately 40,000 fake profiles impersonating him annually, protecting fans from romance scams that exploit his respectful public image and limited social media presence. The scams leverage deepfake technology and AI to create fraudulent accounts on platforms like TikTok and Meta, with imposters also targeting people in Reeves' professional circle. Reeves' proactive efforts highlight the growing threat of digital impersonation and AI-enabled fraud targeting both celebrities and their supporters.
thepaypers.com · 2025-12-08
Romance scams targeted 6,937 GBP average losses in the reported period, down from 8,237 GBP the previous year, with fraudsters using fake profiles on social media and dating apps to build trust before requesting money for emergencies or travel. Men comprised 52% of victims, but women lost significantly more per case (9,083 GBP versus 5,145 GBP for men), while those aged 65-74 suffered the highest average losses at 13,123 GBP, and the 55-64 age group saw cases rise by 49% year-over-year. Financial institutions advise that legitimate relationships do not begin
pulse.com.gh · 2025-12-08
Romance fraud (catfishing) is a widespread global scam targeting people's need for connection, with the United States experiencing the highest losses at $1.14-$1.3 billion annually, followed by the United Kingdom ($95 million in 2023), Canada ($50+ million reported), Australia ($40.6 million in 2022), and Denmark. Victims often delay reporting due to shame and embarrassment, meaning actual losses are likely far higher than documented figures, with older adults and those aged 50-59 particularly vulnerable to these elaborate deceptions.
dnronline.com · 2025-12-08
Modern scams exploit trust and fear through phishing, vishing, quishing, and tech support schemes, increasingly using AI to create realistic fraudulent communications that pressure victims into quick decisions. Phishing scams trick users into revealing passwords and financial data through fake emails and websites, while tech support scams use scare tactics and remote access requests to steal information and install malware. Protection requires skepticism toward unsolicited contact, verification of sender identities through official channels, multi-factor authentication, and awareness that legitimate companies never request sensitive information via email or unsolicited calls.
kctv5.com · 2025-12-08
The Overland Park, Kansas Police Department warns residents against romance scams, where online romantic partners request money or ask victims to deposit checks on their behalf. Victims who deposit fraudulent checks risk becoming unwitting accomplices and having funds withdrawn from their own accounts. Residents who suspect they've been victimized are urged to report the scam to local law enforcement.
Romance Scam Check/Cashier's Check
capeargus.co.za · 2025-12-08
Two suspects, aged 26 and 22, were arrested in the Western Cape by the Hawks' 419 Scam Task Team in connection with a romance scam in which a middle-aged woman lost over R3.4 million after being deceived by an online fraudster posing as a white man named Mark Hermanus who claimed his son was sick. Five suspects total have been arrested in this case, with the arrested individuals facing charges of fraud and money laundering. The article also highlights similar romance scams targeting older and middle-aged individuals, including cases where victims lost R650,000 and R24 million respectively.
cointelegraph.com · 2025-12-08
In 2025, five men operating across multiple countries orchestrated a sophisticated cryptocurrency romance scam that defrauded over 400 American victims of more than $225 million. The scheme began with romantic messages on dating apps, progressed to fake investment tips and trading platforms showing fabricated gains, and culminated in international money laundering through shell companies, fake crypto businesses, and Tether stablecoin transfers routed through Cambodia. The DOJ charged the conspirators and moved to seize the stolen crypto, highlighting how romance scams (also called "pig butchering" scams) represent the most prominent category of crypto fraud, with Americans losing $5.6 billion to crypto scams
abc.net.au · 2025-12-08
The Australian Competition and Consumer Commission (ACCC) has established a taskforce to combat romance scams, which are costing Australians millions of dollars. These scams involve criminal groups who build fake online relationships to groom victims and steal their money.
vice.com · 2025-12-08
A 73-year-old woman named Margaret lost over $100,000 in bitcoin to a scammer impersonating Kevin Costner in a celebrity romance scam, leaving her husband and checking into a hotel before discovering the deception. Romance scams cost Americans $672 million in 2024, predominantly targeting older women through fake social media accounts impersonating trustworthy male celebrities like Keanu Reeves, Kevin Costner, and Jonathan Roumie, using emotional manipulation, fake family members, and AI-generated voice memos to isolate victims. While some scammers are themselves victims trafficked into Southeast Asian scam compounds, social media platforms like Meta move slowly to
yahoo.com · 2025-12-08
**Romance Scam - Montana Case** A Montana woman identified as Rita lost over $90,000 in an online romance scam in 2024 after being targeted by a scammer posing as a celebrity while she was vulnerable during a divorce. The perpetrator built emotional trust before requesting money via Bitcoin, isolating Rita from her support network until she eventually recognized the deception. Rita's case reflects a broader crisis: Americans lost $1.14 billion to romance scams in 2023 across 64,000+ reported cases, with victims over 60 suffering $389 million in losses, and Montana alone reporting 44 victims losing $2.2 million
nzz.ch · 2025-12-08
Professional scammers based in Southeast Asia, particularly in the Philippines, operate organized "pig butchering" romance scams that target lonely men on dating apps, using fake identities and fraudulent cryptocurrency investment schemes to steal entire savings. These industrial-scale fraud centers, which expanded during the COVID-19 pandemic and often involve forced labor, emotionally manipulate victims by building trust through small early profits before extracting large sums. One victim, a 29-year-old Swiss man, lost all his savings within two weeks of matching with a fake profile, illustrating how the scheme exploits emotional vulnerability rather than outright naivety.
aarp.org · 2025-12-08
In September 2023, scammers impersonating law enforcement and the FBI targeted 81-year-old Judith Boivin of Maryland by exploiting her well-researched background as a nurse, social worker, and humanitarian to convince her she needed to assist in an FBI operation against a Mexican cartel allegedly using her Social Security number for money laundering. Over three months of twice-daily contact with the fraudsters, who used authentic-sounding case numbers and FBI branding, Boivin transferred nearly $600,000 of her retirement savings before discovering the elaborate scheme was fraudulent.
wsoctv.com · 2025-12-08
A Chime user, who works for a bank, lost $600 to an imposter scam after receiving a text appearing to be from Chime asking about a withdrawal attempt. The scammer called posing as a Chime representative, used personal information to build credibility, and convinced the victim to transfer money to another account under the pretense of protecting her funds from criminals—a variation of the "me to me" scam. Chime did not reimburse the victim, and the Financial Technology Association advises consumers to pause before sending money and contact companies only through verified channels on official apps or websites.
sidneydailynews.com · 2025-12-08
Financial scams targeting elderly residents in Shelby County, Ohio have become increasingly sophisticated, with people age 60 and over losing a combined $3.4 billion to fraud worldwide in 2023 alone. Scammers employ methods including Social Security imposter scams, grandparent schemes (enhanced by AI-generated voices and videos), and fake law enforcement threats to extract personal information and money from victims. Elderly individuals are particularly vulnerable due to accumulated wealth, health-related sensory impairments, and reluctance to report fraud due to embarrassment or fear of losing independence.
devdiscourse.com · 2025-12-08
A 2025 study published in Security Journal reveals that cybercriminals strategically exploit ageism and socioeconomic vulnerabilities to defraud seniors, with the global population aged 65+ projected to reach 1.6 billion by 2050. The research identifies that older adults face increased risk due to cognitive decline, social isolation, financial insecurity, and high institutional trust, while cybercriminals target both wealthy and low-income seniors through tech support fraud, romance scams, and fake investment schemes. The authors recommend structural reforms including redesigned digital policy frameworks, tailored cybersecurity education, and adoption of classification systems that distinguish crimes by socioeconomic motivation to better protect an
timesofmalta.com · 2025-12-08
This educational piece outlines how modern fraud affects individuals and organizations across all demographics through sophisticated digital tactics including phishing, deepfakes, and romance scams. It emphasizes that cybercriminals use AI, public information, and impersonation to deceive victims, with goals ranging from financial theft to data breaches and ransomware attacks. The article advocates for defense through education, technology investment, personal vigilance, and coordinated efforts across financial institutions, law enforcement, and government to combat the growing threat.
govtech.com · 2025-12-08
This article highlights the prevalence of cryptocurrency scams targeting investors, despite rising Bitcoin prices and mainstream crypto adoption. Recent cases include a $650 million OmegaPro multi-level marketing scheme promising 300% returns, a Chicago-area veteran defrauded of $10,000 by an Elon Musk impersonator, and a Secret Service operation that seized nearly $400 million in crypto assets stolen through various scams. The article warns that scammers exploit legitimate market enthusiasm and media coverage to lure victims into fraudulent investment platforms that vanish with deposits once initial profits are shown.
cnn.com · 2025-12-08
A diplomatic cable revealed that someone used AI to impersonate U.S. Secretary of State Marco Rubio by generating deepfake voicemails and text messages to reach high-level officials and foreign ministers, sparking global alerts about AI-enabled fraud. The incident reflects a broader rise in deepfake scams since 2023, with criminals increasingly using tools like "FraudGPT" to efficiently manufacture phishing attacks and other frauds, raising questions about whether law enforcement has adequate tools to combat this evolving threat.