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in Financial Crime
newsweek.com
· 2025-12-08
Elder fraud targeting Americans over 60 increased 3% between 2022 and 2023, with victims losing an average of over $36,000 per incident. Arizona, Utah, and Rhode Island experienced the largest increases (36%, 23%, and 22% respectively), with research suggesting scammers are increasingly targeting high-income areas with large senior populations. Prevention measures include educating seniors and financial professionals about common scams, improving digital literacy among older adults, and implementing stronger security settings on financial accounts.
whec.com
· 2025-12-08
An 83-year-old woman in Webster, New York lost $400,000 in four months when her computer was compromised and scammers made 76 fraudulent withdrawals from her bank account, none of which were flagged or stopped by ESL Bank despite many being five-figure amounts. Dan Lyon, a fraud expert at Lifespan, notes that banks typically release funds if customers request them and cites a proposed state budget provision that would have allowed tellers to place holds on suspicious withdrawals—a measure that was removed during spring negotiations but AARP is pushing to reinstate. Experts emphasize that seniors over 60 are deliberately targeted because they hold the nation's wealth
americanbanker.com
· 2025-12-08
A widow lost $87,000 to Social Security Administration impersonators who contacted her two weeks after her husband's death, likely finding her through obituaries. The incident illustrates a broader crisis: over 8.68 million elder fraud cases occur annually in the U.S., costing victims an average of $20,015 each and totaling $113.7 billion yearly, with perpetrators increasingly using AI-generated deepfakes and threatening language to exploit vulnerable seniors unfamiliar with modern technology. Several states are responding by passing laws that require banks to report suspected fraud, block suspicious transactions, and train employees to identify elder exploitation schemes.
irs.gov
· 2025-12-08
Samuel Kristofer Bunner of West Virginia was sentenced to 121 months in federal prison for defrauding a dementia patient of $1,906,229 through bank fraud and aggravated identity theft, including selling the victim's real estate, draining accounts, and opening fraudulent credit cards. Bunner used the stolen funds to purchase homes, campers, cars, and consumer goods, and was ordered to pay full restitution of $1,906,229 and serve five years of supervised release following his prison term.
hometownregister.com
· 2025-12-08
Edward L. Stief, Jr., a 41-year-old from Effingham County, faced federal charges including five counts of wire fraud, one count of mail fraud, and one count of monetary transaction in criminally derived property for defrauding an elderly victim of over $330,000. Stief gained the victim's trust by becoming their financial and healthcare power of attorney in May 2023, then convinced them to leave a nursing home under his care and systematically transferred their assets—including cashed-out life insurance policies—into his personal bank accounts. The FBI and Effingham Police Department investigated the case, and Stief was held in federal custody awaiting trial.
states.aarp.org
· 2025-12-08
AARP New York is hosting a free educational webinar on September 18 featuring FTC consumer protection attorney Adam Hersh to help older adults identify common scams, prevent fraud, and report incidents. The session will cover tactics used by fraudsters targeting seniors and provide resources from the AARP Fraud Watch Network, including guidance on protecting personal and financial information.
bluewin.ch
· 2025-12-08
Swiss politician Cédric Wermuth, SP Co-President and Aargau National Councillor, became a victim of identity theft when scammers used his photos for romance scams on Facebook and other online platforms. The fraud was discovered when a bank manager alerted Wermuth that a customer attempted to transfer 100,000 francs to him; Wermuth found at least five fraudulent profiles using his identity details on Facebook alone. He filed a criminal complaint that has been forwarded to the public prosecutor's office.
rfa.org
· 2025-12-08
A South Korean court sentenced the leader of an international scam operation to eight years in prison for luring nearly 60 South Korean victims with promises of high-paying jobs and forcing them into fraudulent crimes in Laos and Myanmar, resulting in losses exceeding 23 billion won ($17 million) between May and October of the previous year. The scam group imprisoned victims in offices within special economic zones, confiscated their passports, and coerced them into illegal activities including voice phishing, investment scams, and romance scams while withholding travel and living expenses. In response to the escalating threat, South Korea imposed a level 4 travel ban on the Lao Golden
cbsnews.com
· 2025-12-08
A Baltimore therapist lost over $10,000 in a police impersonation scam in May, when a fraudster claiming to be a Baltimore County Sheriff's officer threatened her with arrest for missing a court date and demanded payment of two citations via bank withdrawals and bitcoin. The scammer kept her on the phone for five hours and attempted to extort additional money before she contacted the actual police department and discovered the fraud; FBI officials warn that recovered funds are rarely returned and recommend hanging up on such calls.
wvua23.com
· 2025-12-08
Terrance Alonzo Pruitt, 47, from Bessemer, Alabama was charged with wire fraud for an elder fraud scheme in which he fraudulently obtained Power of Attorney over an elderly victim without consent and became a joint account holder on their bank accounts between September and December 2023. Pruitt altered payable-on-death beneficiaries and transferred over $500,000 from the victim's accounts to his own personal accounts. He faces a maximum penalty of 20 years in prison.
countryherald.com
· 2025-12-08
Two New York men were sentenced to federal prison for orchestrating a multi-state tech support scam that defrauded elderly victims of over $11 million. Jayesh Panchal (78 months) and Vijaya Shetty (63 months) convinced seniors their bank accounts were compromised, then coerced them to withdraw cash and hand it over to fake federal agents; one Michigan victim alone lost $398,000. Both defendants were ordered to pay substantial restitution and the case underscores the widespread threat of elder fraud targeting vulnerable seniors.
justice.gov
· 2025-12-08
Willie D. Watts, 42, of Clarksville, was sentenced to eighteen months in federal prison for fraudulently obtaining $125,753.90 in federal benefits from 2014 to 2021 by falsely claiming her three children lived with her and were eligible for Section 8 housing vouchers, SNAP, Social Security Survivors benefits, and Medicaid. Watts also concealed ownership of a house and rental income, and had previously committed nearly identical fraud in Kentucky (2011-2013), stealing over $30,000 before continuing the scheme in Indiana despite her Kentucky conviction.
washingtonblade.com
· 2025-12-08
Former U.S. Rep. George Santos pleaded guilty on August 19 to wire fraud and aggravated identity theft, admitting he defrauded campaign donors, stole donors' identities to make fraudulent credit card purchases, and falsely claimed unemployment benefits, among other crimes. Santos faces six to eight years in prison at his February 7, 2025 sentencing and must repay at least $373,000 to victims as part of his plea agreement with federal prosecutors.
newschannel5.com
· 2025-12-08
The Tennessee Attorney General warned consumers about two imposter scams: a jury duty scam where fraudsters pose as court officials threatening fines or arrest for missed jury duty, and a customs/border patrol scam claiming illegal items were shipped in the victim's name. The Federal Trade Commission advised consumers never to wire money or provide personal/financial information to callers claiming to be government officials, and to distrust caller ID and unsolicited links or messages.
sentinelassam.com
· 2025-12-08
This article examines the psychological and safety impacts of dating apps in India, where users are projected to reach 31 million by 2024. Key concerns include addictive patterns of use (31% of Indian users show addiction symptoms), decision paralysis from too many options (42% feel overwhelmed), and psychological harms like ghosting-related rejection anxiety (68% have been ghosted). The article also documents serious crimes associated with dating apps, including a 28% increase in cybercrimes from 2021-2023, romance scams costing users an estimated Rs 150 crore in 2023, sexual harassment (37% of female users received unsolicited explicit images), stal
shorenewsnetwork.com
· 2025-12-08
Two New York City women pleaded guilty to participating in a credit union fraud conspiracy that operated since at least December 2021, exploiting the shared branching network by using fake IDs to make fraudulent withdrawals totaling nearly $500,000 across the United States. Lesley Lucchese and Danielle Cappetti, who acted as runners conducting the fraudulent transactions in exchange for drugs or small cash payments, face up to 30 years in prison, with five defendants total having pleaded guilty and three others remaining charged in the scheme that resulted in over $1 million in total losses.
blueprint.ng
· 2025-12-08
This article documents a dispute among the Okoye brothers—former P-Square music group members—in which Peter Okoye accused his twin brother Paul and elder brother Jude of cheating him out of his share and reported them to Nigeria's anti-fraud agency (EFCC). Jude Okoye publicly defended himself, clarifying that P-Square's proceeds were contractually divided as 40% to him and 30% each to Peter and Paul, and that he presented documentation to the EFCC proving the agreed-upon sharing formula. The conflict, which began in 2013 and led to the group's 2016 breakup, remains unresolved despite numerous reconciliation
nkytribune.com
· 2025-12-08
The Better Business Bureau highlights ten common scams affecting consumers, including auction fraud (wire transfer schemes), fake social media ads using legitimate company logos, employment scams requesting upfront payments or personal information, Facebook Marketplace deals that seem too good to be true, high-pressure debt collection calls, romance scams targeting vulnerable individuals, fraudulent charity donation requests, Amazon account hack phishing attempts, QR code scams leading to malware, and puppy sales scams on Facebook groups. BBB advises consumers to verify companies and charities directly, avoid sharing personal or financial information online or over the phone, use secure payment methods, and research sellers and breeders before conducting transactions.
forbes.com
· 2025-12-08
Elder fraud caused over $3.4 billion in losses in 2023, representing an 11% increase from the previous year, with scammers increasingly employing long-term relationship-building tactics rather than quick-payoff schemes to target seniors aged 60 and older. The article also covers related financial crimes including IRS enforcement of Employee Retention Credit abuse, a Florida man's guilty plea for evading $2.4 million in taxes through trust misdirection, and recommendations to improve IRS services for international taxpayers regarding unreported foreign gifts.
m.economictimes.com
· 2025-12-08
**UPI Collect Money Fraud**
In this educational piece on UPI (Unified Payments Interface) fraud, scammers exploit the ease of duplicating UPI IDs—which are typically phone numbers with provider extensions—to send fraudulent autopay and collect money requests to victims. Users may inadvertently approve these requests thinking they are legitimate service subscriptions (such as Netflix or Google Pay), resulting in unauthorized payments from their accounts to the fraudster's account. Senior citizens are identified as particularly vulnerable to this scam and are advised to verify UPI addresses with service providers, avoid direct bank-account linkage to their UPI ID, use wallets with limited balances, an
mocoshow.com
· 2025-12-08
Montgomery County authorities charged five suspects in a gold bar scam that defrauded residents of nearly $3 million since January 2023, with investigators estimating close to 20 victims who lost their life savings. In this scam, fraudsters impersonate federal government officials or cybersecurity experts to pressure victims into converting money to gold, which is then stolen. Authorities advise residents not to answer unknown calls or click pop-up ads, to slow down and verify requests, and to remember that the federal government never requests large withdrawals or unusual transactions like gold or gift card purchases.
mk.co.kr
· 2025-12-08
A criminal organization led by a 39-year-old woman was convicted of defrauding over 23 billion won from approximately 60 Korean victims through romance scams and fake investment schemes. The group lured economically vulnerable people from Daegu and Changwon with promises of earning millions of won monthly, then imprisoned them in offices in Laos and Myanmar where they were forced to commit fraud by sending fake stock investment messages and falsified profit graphs to potential victims. The ringleader received an 8-year prison sentence, with other members receiving 2 to 5 years in prison based on their roles in the operation.
ynetnews.com
· 2025-12-08
This educational article explains how online scams have evolved to exploit vulnerable targets through voice phishing (vishing), SMS phishing (smishing), and AI-generated voice technology, with real examples including a $250,000 CEO impersonation fraud and a $25 million company theft via deepfake video calls. The article identifies key vulnerabilities including the widespread sale of personal data by brokers and the increasing sophistication of scam tactics like "pig butchering," romance scams, and tech support hoaxes that require minimal technical skills to execute at scale. Protective measures recommended include avoiding unexpected calls from unknown numbers, enabling two-factor authentication with security keys rather than SMS, verifying
mirror.co.uk
· 2025-12-08
This educational article by consumer rights expert Martyn James outlines the growing landscape of fraud in 2024, explaining why scammers are increasingly successful through digital innovation, mass messaging, and sophisticated social engineering tactics. The article cites that 252,626 people lost nearly £341 million to "push payment" fraud in the UK, with some victims losing life savings exceeding £100,000, though £1.2 billion in fraud was prevented last year. James provides practical advice for fraud victims, including immediately contacting their bank via the official number or the 159 stop scams line, and emphasizes the importance of identifying the type of fraud to determine the appropriate response.
shorenewsnetwork.com
· 2025-12-08
Two New York residents were sentenced to federal prison for orchestrating a large-scale tech support scam that defrauded elderly victims of over $11 million across multiple states. Jayesh J. Panchal (78 months) and Vijaya C. Shetty (63 months) worked with India-based scammers who used fake computer virus warnings to trick seniors into sending money via wire transfers, gift cards, and in-person meetings; one Michigan victim alone lost $398,000 after being deceived into believing she was protecting her accounts with federal agents. Both defendants were ordered to pay substantial restitution to their victims.
morningsentinel.com
· 2025-12-08
A 41-year-old former Salem man, Edward L. Stief, Jr., was indicted on federal charges of wire fraud, mail fraud, and monetary transaction in criminally derived property for defrauding an elderly victim of over $330,000. Stief gained the victim's trust by becoming his financial and healthcare power of attorney in May 2023, then persuaded him to leave a nursing home and move into his care, during which he accessed the victim's bank accounts, convinced him to cash out life insurance policies, and deposited most of the funds into his own accounts. If convicted, Stief faces up to 20 years in prison for the fraud charges.
forbes.com
· 2025-12-08
A Pennsylvania woman nearly fell victim to a romance scam involving a fake foreign inheritance scheme, where an online acquaintance convinced her to front money for supposed legal fees and escrow to unlock a British estate. Red flags included fake legal documents with spelling errors, an implausible timeline, and a fabricated London law firm address, which legal experts confirmed were fraudulent. The article highlights how elder fraud is increasingly difficult to recover due to modern money transfer methods and cryptocurrency, and emphasizes the importance of verifying credentials and seeking professional legal advice before sending money in estate-related matters.
fox61.com
· 2025-12-08
A Brooklyn man, Mavani Coleman, was sentenced to three months in prison for his role in a check fraud and identity theft scheme that defrauded a retired New Haven woman of $479,569 between 2018 and his arrest in 2023. Coleman worked with accomplices including Gregory Ivy, who stole blank checks from the victim's home and forged her signature, while Coleman deposited the checks into various accounts and used her banking information to conduct unauthorized electronic transfers. Coleman was ordered to pay $248,423 in restitution and must report to prison in October 2024, with co-conspirators awaiting sentencing.
lincolnparishjournal.com
· 2025-12-08
This educational piece by law enforcement examines modern phone-based scams targeting Americans, highlighting how technology has enabled criminals to defraud victims without in-person contact. The article details six prevalent scams: impersonation of law enforcement demanding payment for fines, fake charity solicitations, fraudulent debt collectors, fake prize offers, and IRS impersonation schemes—emphasizing that government agencies never demand immediate payment via phone, gift cards, or wire transfers, and advising victims to hang up and verify claims directly with legitimate organizations.
justice.gov
· 2025-12-08
Two men were sentenced to federal prison for their roles in an international fraud conspiracy that stole over $11 million from elderly victims across multiple states, with one West Michigan victim losing $398,000. Jayesh Panchal received 78 months and was ordered to pay $7,930,287 in restitution, while Vijaya Shetty received 63 months and was ordered to pay $596,800 in restitution. The scam used fake tech support pop-up warnings and impersonation of Microsoft, Apple, and federal agents to convince seniors to withdraw cash, make wire transfers, or purchase gift cards, claiming their accounts were compromised or they were involved in
ibsintelligence.com
· 2025-12-08
Americans are increasingly concerned about rising financial fraud, with the FTC reporting $10 billion lost to scams in 2023 (up from $3.5 billion in 2020), and 74% of survey respondents worried that AI advancements will increase fraud rates. Nearly half of Americans surveyed (45%) reported being victims of financial fraud, with credit card theft (53%), electronic payment fraud (19%), and check fraud (17%) as top scams, and 24% losing $5,000 or more. Financial institutions face mounting pressure as fraud victims often switch banks or reduce services, with recovery rates for stolen funds remaining below 10% in most cases.
gmanetwork.com
· 2025-12-08
Six Chinese nationals were arrested in Angeles City, Pampanga by the NBI for operating online scam and cybercrime operations, including romance scams and fraudulent cryptocurrency investment schemes targeting victims globally. Operatives seized computers, phones, SIM cards, scripts, and customer ledgers that indicated organized fraudulent activities, and the suspects were referred to the Department of Justice for inquest under the Cybercrime Prevention Act and Anti-Financial Account Scamming Act.
mb.com.ph
· 2025-12-08
Six Chinese nationals were arrested in Angeles City, Pampanga on August 14 for operating a cyber-scam operation involving romance scams, cryptocurrency fraud, credit card scams, and fake investment schemes targeting victims globally. The NBI discovered computers, phones, fraudulent scripts, and cryptocurrency investment platforms at the arrested individuals' office during a warrant operation. The six suspects face charges under the Cybercrime Prevention Act and Anti-Financial Account Scamming Act.
wilx.com
· 2025-12-08
Jayesh Panchal and Vijaya Shetty were sentenced to 78 and 63 months in prison respectively for their roles in an international fraud conspiracy that stole over $11 million from senior citizens across multiple states. The scheme used fake virus warnings and fake tech support calls to trick elderly victims into withdrawing cash or transferring funds through various methods, with Panchal and Shetty traveling throughout the U.S. to collect proceeds and launder money on behalf of conspiracy leaders based in India. Panchal was ordered to pay $7.93 million in restitution to 40 victims, while Shetty was ordered to pay $596,800.
9and10news.com
· 2025-12-08
Two men, Jayesh Panchal and Vijaya Shetty, were sentenced to federal prison (78 and 63 months respectively) for their roles in an international tech support scam that defrauded over 40 elderly victims of more than $11 million across multiple states, including a West Michigan victim who lost $398,000. The scam involved fake pop-up warnings and impersonation of tech companies and federal agents to convince seniors to withdraw cash, wire money, or purchase gift cards under false pretenses. Panchal and Shetty were ordered to pay millions in restitution and were among the defendants who traveled throughout the U.S. to collect fraud proceeds from
tribuneonlineng.com
· 2025-12-08
**Type:** Educational/Expert Interview
Anuoluwapo Ojomo, a financial services compliance expert, identifies key warning signs of elder financial exploitation including unusual account withdrawals, unpaid bills despite available funds, and sudden changes in financial decision-making, emphasizing that perpetrators range from family members to financial advisors. She notes that elder financial exploitation affects 5-10% of older people globally, with higher vulnerability among those experiencing cognitive decline, isolation, or recent loss, and stresses that prevention requires family monitoring, financial institution training, legal protections, and swift reporting to authorities when exploitation is suspected.
fortune.com
· 2025-12-08
This article is not relevant to the Elderus database. It is a business/HR feature about Synchrony's employee benefits strategy and workplace listening practices, with no connection to elder fraud, scams, elder abuse, or financial exploitation of older adults.
tech.einnews.com
· 2025-12-08
Private Digital Investigations announced new measures to combat rising cybercrimes including Nigerian romance scams and sextortion schemes, which exploit victims emotionally and financially through fake profiles and blackmail threats. The agency employs AI-driven profile analysis, digital forensics, and law enforcement collaborations to identify scammers, and offers public education through workshops, support hotlines, and online resources. The article advises victims to cease communication with suspected scammers, report profiles to platforms, avoid sharing explicit content, and seek help from professional investigators or authorities rather than paying ransom demands.
auckland.scoop.co.nz
· 2025-12-08
Scammers impersonating police officers have been targeting vulnerable, elderly New Zealanders via landline calls, claiming victims are fraud victims and directing them to withdraw cash to be handed over as "evidence." Since June 2024, New Zealand Police have made multiple arrests including a 26-year-old UK national who was convicted of defrauding 21 Auckland victims of over $330,000 across 27 fraud charges. Police emphasize that legitimate officers will never request banking details, PINs, passwords, or money over the phone, and recommend contacting 105 to verify any officer's identity.
justice.gov
· 2025-12-08
Edward L. Stief, Jr., a 41-year-old from Effingham County, Illinois, was federally charged with wire fraud, mail fraud, and related crimes for defrauding an elderly victim of over $330,000. Stief exploited his position as the victim's appointed Financial and Healthcare Power of Attorney by moving the elderly individual into his care, gaining access to bank accounts, and persuading him to cash out life insurance policies, with most funds deposited into Stief's personal accounts. The case highlights the vulnerability of seniors to financial exploitation and resulted in federal charges carrying potential sentences of up to 20 years imprisonment.
wrrv.com
· 2025-12-08
A father-daughter duo from Ulster County, New York—Frank Whittaker and Christine Ellsworth—were arrested for stealing over $250,000 from a 92-year-old elderly woman between 2021 and the time of their arrest. After gaining the victim's trust through help with household tasks, Whittaker obtained Power of Attorney and used it to drain the woman's accounts through checks and illegal bank transfers, spending the stolen money on vehicles, jewelry, restaurants, and casinos. Both face charges of Grand Larceny in the Second Degree, with potential sentences of up to 15 years if convicted.
forwardtimes.com
· 2025-12-08
In 2023, senior citizens reported $3.4 billion in fraud losses, a 14 percent increase from 2022, with losses continuing to rise in 2024 at $1.6 billion through May alone. The article highlights a specific case in Houston where a man was indicted for defrauding a 92-year-old dementia patient out of his home by falsely claiming property tax obligations and repair needs, then coercing him to sign over his deed. Experts emphasize that reporting fraud promptly and seeking help from legal services are critical, as scammers actively target vulnerable elderly individuals, particularly in the African American community.
cbsnews.com
· 2025-12-08
A 76-year-old Concord retiree lost over $190,000 in a tech support scam that began in March when a caller impersonated an Xfinity cybersecurity official, claiming his computer was hacked and crypto account fraudulently opened. The scammer escalated the scheme by posing as an FTC agent, threatening a wire fraud investigation and instructing Frilich to deposit his life savings into a "secure wallet" while monitoring him via computer camera and sending couriers to collect cash. This case exemplifies the broader elder fraud crisis, with Americans 60 and older losing over $3.4 billion to such scams in 2023, with
theorcasonian.com
· 2025-12-08
This educational piece highlights that seniors on Orcas Island face elevated risks from scams, identity theft, and elder abuse, with organizations like Orcas Senior Center and San Juan County Senior Services working to address these vulnerabilities. The article emphasizes that isolation and lack of mental health services contribute to senior vulnerability, noting one example of a community member losing $11,000 to a scam. The piece promotes local support programs including Hearts and Hands (in-home visits) and Buddy Check-In (phone outreach) to combat isolation and provide companionship for vulnerable elders.
irs.gov
· 2025-12-08
Ari Tietolman of Montreal, Canada, was sentenced to 10 years in prison for operating a massive telemarketing fraud scheme from 2005 to 2014 that targeted tens of thousands of American senior citizens, defrauding them of millions of dollars through worthless or non-existent products like fraud protection services, prescription drug discount cards, and legal services. Tietolman and his co-schemers made unauthorized debits from victims' bank accounts after making false claims about affiliations with banks, insurance companies, and the U.S. government, while he was ordered to pay $7,042,898.22 in restitution; two co-defendants also
fortune.com
· 2025-12-08
A University of Michigan study from February-March 2024 found that health care affordability is the top concern among older American voters, with 56% very worried about medical care costs, 54% concerned about prescription medication costs, and 52% anxious about health insurance and Medicare expenses. Financial scams and fraud ranked as the fifth-highest concern at 53%, with researchers noting that the Government Accountability Office estimates older Americans lose $2.9 billion annually to fraud, which causes significant mental distress that can cascade into other health problems. The study suggests that presidential candidates seeking older voters' support should prioritize communicating plans to control health care costs and address fraud prevention.
fortune.com
· 2025-12-08
Seniors across the country are taking artificial intelligence classes to understand both the technology's benefits—such as reducing loneliness and improving healthcare access—and its risks, particularly AI-enabled scams and deepfakes to which older adults are more susceptible. Educational programs like one at a Chicago-area senior center aim to help seniors develop balanced skepticism about AI while encouraging them to engage with the technology rather than becoming paralyzed by fear. Research shows senior citizens are disproportionately vulnerable to both AI-generated scams and misinformation, raising particular concerns about deepfakes' potential impact on voters.
justice.gov
· 2025-12-08
Nicholas Melanson, 42, of Manchester, New Hampshire, was sentenced on August 12, 2024, to six months in prison followed by three years of supervised release for interstate transportation of a stolen check and elder fraud. Over nine days in May 2022, Melanson made five trips from New Hampshire to an elderly woman's home in Windsor, Vermont, driving her to banks where he facilitated or conducted transactions totaling at least $392,000 (most of which were stopped or reversed), receiving $1,500 in cash and a $3,000 bonus while seeking $10,000 monthly payments. He was ordered to pay $1,500 in restitution to
aol.com
· 2025-12-08
Sabrina Aboshanab, a 33-year-old caregiver from Wappingers Falls, was sentenced to 5-15 years in prison for stealing $164,332.26 from an 81-year-old man in her care between December 2017 and April 2023. Aboshanab, who lived in the victim's home as his caregiver, used his personal information to transfer funds via online and app-based services even after his arrest in 2022, and must pay full restitution. A co-defendant, Mark Schmidt, pleaded guilty to first-degree identity theft and received a 1-3 year
galvnews.com
· 2025-12-08
Check fraud costs the U.S. banking system $10-50 billion annually, with independent bankers arguing that major banks' failure to enforce "know your customer" requirements and adequately police accounts allows fraudsters to deposit stolen checks that are quickly withdrawn before detection. Galveston County has been particularly hard hit, with criminal enterprises stealing over $1 million in postal checks in 2022, and 90% of independent bank association members reported difficulty obtaining reimbursement from larger banks that improperly accepted fraudulent checks.