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smnewsnet.com
· 2025-12-08
The U.S. Department of Justice announced reinvigorated efforts to combat transnational elder fraud schemes costing billions of dollars, with recent prosecutions targeting romance fraud, lottery fraud, tech support fraud, and grandparent scams. Key cases include Troy Murray, who sold a database of over seven million elderly Americans' personal information to Jamaican lottery fraudsters and laundered $1.6 million in proceeds, and Dennis Anderson and Frank Angelori, who brokered lead lists to Jamaica-based scammers from 2015-2020. Individual victims lost significant sums, with one Arizona victim losing over $400,000 to a lottery fraud scheme.
wtop.com
· 2025-12-08
Montgomery County law enforcement warned seniors about a sophisticated scam in which fraudsters posing as federal officers contact victims via pop-up ads or phishing texts, claiming their finances are compromised and directing them to purchase gold bars and deliver them to fake "couriers" at public locations. Victims are typically deceived into withdrawing their life savings, with recent cases in Montgomery County alone involving losses of nearly $800,000 and $900,000, and authorities note that recovery of stolen funds is nearly impossible. Authorities advise seniors to avoid answering unknown numbers and clicking suspicious pop-up ads.
blumenthal.senate.gov
· 2025-12-08
U.S. Senators Richard Blumenthal and Chuck Grassley introduced a resolution designating June as National Elder Abuse Awareness Month to address the widespread problem of elder fraud and abuse affecting American seniors. According to the resolution, an estimated one in six older Americans experienced some form of abuse in a community setting, yet only one in 24 cases of elder abuse and one in 44 cases of financial exploitation are reported to authorities. The resolution calls for increased public awareness and prevention efforts to protect vulnerable seniors from physical abuse, emotional exploitation, financial scams, and neglect.
folsomtimes.com
· 2025-12-08
Folsom Police issued a community alert about fraudsters posing as law enforcement officers in calls targeting senior citizens, claiming victims owe bail, fines, or have missed jury duty, then demanding payment via gift cards, wire transfers, or cryptocurrency. Police emphasized that legitimate law enforcement never calls to demand money and urged residents to hang up immediately, avoid sharing personal information, and report suspicious calls to the non-emergency line at 916-355-7231.
uchealth.org
· 2025-12-08
Scammers stole $3.4 billion from older U.S. adults in 2023, a 14% increase from the previous year, using tactics like romance scams, fake investments, and Medicare fraud that exploit fear and greed. Beyond financial losses, elder fraud causes significant psychological harm including anxiety, shame, depression, and in severe cases, suicidal ideation, requiring individualized mental health interventions such as cognitive behavioral therapy. Older adults are particularly targeted due to their assets, trust in authority, unfamiliarity with technology, and potential cognitive changes that impair fraud recognition.
tradingview.com
· 2025-12-08
New Zealand's Financial Markets Authority has reported an increasing number of investment scams targeting residents through unsolicited social media messages on platforms like WhatsApp, Telegram, and Facebook, with fraudsters impersonating investment firms or bank employees and promoting unrealistic high-return opportunities often tied to cryptocurrencies or forex. The warning follows similar patterns in Australia, where investment fraud accounts for over half of AU$119 million in scam losses in early 2025, and comes as regulators globally struggle to combat these schemes on messaging platforms.
justice.gov
· 2025-12-08
Kishan Rajeshkumar Patel, an Indian national on a student visa, was sentenced to 63 months in federal prison for conspiring to defraud at least 25 elderly Americans through phishing scams and impersonation of government officials between July and August 2024. The conspiracy stole hundreds of thousands of dollars in cash and gold, with a total intended loss of at least $2.7 million, with Patel personally collecting stolen funds and distributing portions to co-conspirators. Patel was arrested in August 2024 after retrieving a box containing $130,000 from a victim's residence and pleaded guilty in March 2025.
ghanaweb.com
· 2025-12-08
Three Ghanaian nationals, including alleged kingpin Isaac Kofi Oduro Boateng, were arrested in June 2025 and face extradition to the United States for a $100 million fraud scheme operating from 2016 to 2023. The syndicate conducted Business Email Compromise (BEC) scams by impersonating company officials through spoofed emails to trick victims into wire transfers, and also ran romance scams targeting vulnerable individuals, particularly the elderly, through dating platforms and email. At least one business and eight individuals suffered confirmed losses exceeding $100 million, with the suspects now in Ghanaian police custody pending extradition proceedings.
ghanaweb.com
· 2025-12-08
Ghanaian businessman Joseph Kwadwo Badu Boateng and multiple associates have been charged in coordinated U.S. federal prosecutions for operating transnational romance and inheritance scams targeting elderly Americans between 2013 and 2024. Boateng allegedly led a decade-long scheme convincing seniors they could claim gold and jewels if they paid fabricated taxes and fees, while related defendants in Ohio and elsewhere defrauded elderly victims through fake romantic relationships and fraudulent business deals, laundering proceeds to Ghana and other countries. These cases represent part of a broader Department of Justice crackdown on international fraud networks preying on seniors, announced in conjunction with World Elder
news.yahoo.com
· 2025-12-08
Otaniyen Iduozee, a Nigerian citizen on a student visa, was sentenced to 42 months in federal prison for laundering millions of dollars obtained through romance scams targeting vulnerable Americans, primarily elderly and isolated individuals. Iduozee controlled fraudulent bank accounts and funneled victim money through various transactions to Nigeria, playing a central role in the money laundering operation. Upon completing his sentence, he has agreed to be deported from the United States.
graphic.com.gh
· 2025-12-08
Three separate indictments targeting Ghanaian nationals were unsealed in U.S. federal courts as part of a crackdown on transnational romance fraud schemes targeting elderly Americans. The cases involve multiple defendants accused of operating romance and inheritance scams from 2013 to 2024, using fake romantic engagements and false promises of wealth to defraud seniors of large sums of money, with proceeds laundered through Ghana and other locations. Joseph Kwadwo Badu Boateng was arrested in Ghana and faces extradition, while other defendants face wire fraud and money laundering conspiracy charges.
fox4news.com
· 2025-12-08
Five Texans were sentenced to federal prison terms ranging from 9 to 40 years for their roles in a transnational fraud scheme that defrauded approximately $17 million from at least 100 victims worldwide, including vulnerable elderly individuals, between January 2017 and the sentencing date in June 2025. The scheme involved multiple fraud types including online romance scams, business email compromises, investor fraud, and unemployment insurance fraud, with proceeds laundered through bank accounts in Africa and Asia. The defendants collectively received nearly 160 years in prison for conspiring to commit wire fraud and money laundering.
indianexpress.com
· 2025-12-08
Tiron Alexander, 35, was convicted of wire fraud for impersonating a flight attendant and fraudulently accessing airline employee portals to book over 120 free flights across five major carriers (American, Delta, United, Southwest, and Spirit) between 2018 and 2024. Alexander used fabricated badge numbers and false hire dates to exploit non-revenue travel benefits reserved for actual crew members, flying 34 times on one airline alone before his arrest in March 2024. He faces sentencing in August 2025 on charges of wire fraud and unauthorized airport access by deception.
10news.com
· 2025-12-08
A 30-year-old Los Angeles resident, Eric Anthony Olivas, was sentenced to one year in jail and two years probation for attempting to collect $50,000 in cash from a 75-year-old Carlsbad senior as part of a transnational scam. The victim, Dale Marsh, had been deceived by an overseas scammer posing as Norton antivirus support after receiving a suspicious text message; however, law enforcement and the FBI intervened with an undercover sting operation using fake cash, preventing the loss. The case highlights a growing problem in San Diego County, where seniors lost $108 million to fraud scams in 2024, with money
bethesdamagazine.com
· 2025-12-08
Montgomery County held a World Elder Abuse Awareness Day event highlighting scams targeting seniors, including tech support impersonation, government impostor schemes, and gold bar frauds. Maryland reported 1,385 complaints of tech support and government imposter scams in 2024 with nearly $30 million in losses—up 41% in complaints and 15% in losses over three years—while 84% of financial exploitation perpetrators were family members. Officials emphasized prevention through account monitoring, power of attorney transparency, and assertiveness in refusing suspicious requests, noting that recovery of scammed funds is rarely possible.
justice.gov
· 2025-12-08
Two men—Jinrong Shi, 28, of New York, and Jiyang Zhong, 27, a Chinese national—were indicted on federal charges for running "grandparent" and "tech support" scams targeting elderly victims in Northeast Ohio (Cleveland Heights, Willoughby, Canton, and Warren) in May and June 2024. The defendants, working with a network of co-conspirators using "fraud callers" and "fraud couriers," defrauded victims of over $201,000 by posing as law enforcement or tech support personnel and arranging cash pickups at victims' homes or directing victims to mail money. The laundered proceeds
shreveportbossieradvocate.com
· 2025-12-08
Door-to-door solar panel scams in northwest Louisiana have victimized residents with high-pressure sales tactics, leaving some liable for over $40,000 in fraudulent loan repayments for units marketed as "free." Fraud is also evolving to include online scams such as phishing emails, impersonation of law enforcement and government agencies via phone and text, and cryptocurrency and gift card fraud, with Louisiana experiencing nearly $47 million in fraud losses in 2023. Experts recommend protective measures including posting no-soliciting signs and avoiding clicking unknown links, answering unfamiliar calls, or engaging with unrecognized communications.
theglobeandmail.com
· 2025-12-08
A "pump and dump" scam impersonated economist David Rosenberg and his investment firm, defrauding investors of over $1 million through fake Facebook and Instagram ads that promoted a nonexistent "Wolfpack program." Victims were lured into WhatsApp investment groups where scammers recommended obscure stocks that initially showed dramatic gains before collapsing, with individual losses ranging from $16,000 to $450,000.
nationwidemediacentre.co.uk
· 2025-12-08
A Nationwide Building Society survey of 2,000 students found that 28% have been scammed, with purchase fraud (46%), WhatsApp impersonation scams (39%), and blackmail/sextortion scams (29%) being the most common types. The research revealed a rising trend of blackmail scams targeting younger people on social media, often linked to romance scams where perpetrators extract private images or information before demanding money under threat of exposure to victims' contacts.
yahoo.com
· 2025-12-08
A courier was sentenced to one year in jail after being caught in an undercover sting operation for participating in elder fraud schemes. The courier's role involved physically collecting money from elderly victims as part of a larger fraud operation. The sentence resulted from law enforcement's undercover investigation targeting individuals who facilitate financial exploitation of seniors.
broadandliberty.com
· 2025-12-08
Elder abuse and fraud targeting seniors remains a persistent problem, with the FBI reporting $4.885 billion in losses from 147,127 complaints in 2024—a 46% increase in complaints and 43% increase in losses compared to 2023. Criminals exploit elderly individuals through various schemes including investment scams, technical support fraud, romance scams, and home invasions, targeting them because they are perceived as polite, trusting, financially stable, and less likely to report crimes. The FBI emphasizes the need for public education about these scams and their devastating financial and emotional impacts on victims and their families.
justice.gov
· 2025-12-08
Jamaican national Sherwayne Benjamin Bellinfantie was extradited to the United States in June 2025 to face charges for participating in a romance and lottery sweepstakes scheme that defrauded an 85-year-old Arizona resident of over $400,000 between 2015 and 2019. Bellinfantie and co-conspirators posed as romantic interests and falsely claimed the victim had won lottery prizes, requesting money for taxes and fees, while sending flowers to reinforce the deception. He faces charges of conspiracy to commit wire fraud and money laundering, each carrying a maximum 20-year prison sentence.
aol.com
· 2025-12-08
Family members can commit financial fraud against seniors in retirement, with red flags including unusual account activity, missing valuables, suspicious signatures, and unauthorized changes to wills or powers of attorney. Experts recommend protecting yourself through estate planning, forming a trusted financial care team, automating bill payments, securing personal information, obtaining legal documents like powers of attorney and wills, and implementing dual signatures or co-trustees to prevent any single person from having complete financial control.
hilinetoday.com
· 2025-12-08
The U.S. Department of Justice is intensifying efforts to combat financial fraud targeting seniors in recognition of World Elder Abuse Awareness Day, highlighting recent prosecutions including a Montana case where a man allegedly stole over $1 million from an elderly victim through an India-based scam. Officials are urging community members to monitor older adults for signs of abuse or suspicious financial activity and report concerns to authorities, with victims able to access support through the National Elder Fraud Hotline at 1-833-FRAUD-11.
nasdaq.com
· 2025-12-08
Older adults are vulnerable to financial fraud from family members and trusted individuals, not just external scammers. Experts recommend protecting against family financial abuse by establishing a trusted team to oversee finances, automating bill payments, monitoring accounts regularly, organizing legal documents (power of attorney, wills), requiring dual signatures for major transactions, and watching for red flags such as unusual financial activity, missing valuables, and unauthorized account changes.
therecord.media
· 2025-12-08
The U.S. Department of Justice filed a civil forfeiture complaint to seize $225.3 million in cryptocurrency stolen from over 430 victims across multiple states through romance scams and investment fraud schemes operated by actors in the Philippines and Vietnam. Scammers, operating from what authorities believe were "scam compounds," contacted victims via social media posing as potential romantic interests or legitimate investment advisors, directing them to deposit funds into fraudulent cryptocurrency platforms before locking them out of accounts. This represents the largest cryptocurrency seizure in U.S. Secret Service history and demonstrates law enforcement's growing capacity to use blockchain analysis to trace and recover stolen digital assets.
justice.gov
· 2025-12-08
Ridwan Adeleke Adepoju, a 33-year-old Nigerian national, was sentenced to 43 months in federal prison for operating multiple cyber fraud schemes from Nigeria that targeted U.S. citizens and businesses, including those in the Chicago area. His schemes included phishing scams, romance scams, and fraudulent tax return submissions, utilizing spoofed emails, fake social media accounts, and unwitting money mules to victimize numerous victims. Adepoju was arrested in the United Kingdom, extradited to the U.S., and pleaded guilty to wire fraud and aggravated identity theft charges.
hometownstations.com
· 2025-12-08
Two men, Jinrong Shi (28) and Jiyang Zhong (27), were indicted on 10 counts for defrauding elderly victims in Northeast Ohio through "grandparent" and "tech support" scams in May-June 2024, stealing over $201,000 from residents in Cleveland Heights, Willoughby, Canton, and Warren. The defendants worked with a criminal network of "fraud callers" and "fraud couriers" who convinced victims to withdraw cash and used passwords to gain trust, then laundered proceeds across state lines and through cryptocurrency accounts in China. Both men face up to 20 years in prison if convicted.
lethbridgeherald.com
· 2025-12-08
**Seniors and Financial Fraud - Overview and Rising Threats**
People age 60 and over lost $3.4 billion combined to fraud in 2023, with scammers increasingly targeting older adults through evolving methods including phone impersonation, online platforms like Facebook, and cryptocurrency schemes. Common scams include the grandparent scam, tech support fraud, romance scams, and investment schemes that exploit seniors' trust and lower technological proficiency. Law enforcement notes that fraudsters now use sophisticated tools and AI to appear more credible, making it essential for seniors to remain vigilant about unsolicited contact and requests for personal or financial information.
ctnewsjunkie.com
· 2025-12-08
U.S. Senators Richard Blumenthal and Chuck Grassley introduced a resolution designating June as National Elder Abuse Awareness Month in recognition of the widespread problem affecting seniors. According to the resolution, approximately one in six older Americans experienced some form of abuse in a community setting in the previous year, yet elder abuse remains vastly underreported, with only one in 24 cases reported overall and just one in 44 cases of financial exploitation reported. The resolution calls for increased public awareness and prevention efforts to protect seniors from physical abuse, emotional exploitation, financial scams, neglect, and other forms of exploitation that frequently occur in private homes and care facilities.
boernestar.com
· 2025-12-08
On World Elder Abuse Awareness Day, the FBI highlighted the growing threat of elder fraud, reporting $4.885 billion in losses from 147,127 complaints in 2024—a 46% increase in complaints and 43% increase in losses compared to 2023. Seniors are targeted for various scams including investment schemes, technical support fraud, romance scams, and money mule operations because they are often perceived as trusting, financially stable, and less likely to report crimes. The FBI recommends seniors verify unknown contacts online, resist pressure to act quickly, avoid unsolicited offers, never share personal information or money with unverified sources, and report suspected fraud immediately to local law enforcement
theprescotttimes.com
· 2025-12-08
Since January 1, 2025, the Prescott area has experienced over $2 million in reported scam losses, with seniors particularly vulnerable to romance scams, bank impersonation schemes, warrant scams, and gift card fraud. Notable cases include a $632,000 romance scam and gift card losses exceeding $33,000, with scammers using emotional manipulation and pressure tactics to request untraceable payments via gift cards, cryptocurrency, or electronic platforms. The Prescott Police Department urges residents to remain vigilant, hang up on suspicious callers, and contact their 24/7 dispatch line at (928) 445-3131 if they suspect fraud.
the420.in
· 2025-12-08
Two Indian nationals on student visas, Kishan Rajeshkumar Patel and Dhruv Rajeshbhai Mangukiya, were convicted in a $2.69 million elder fraud scheme targeting at least 25 elderly U.S. citizens through phishing and impersonation of government officials; Patel received 63 months in prison and was arrested in Texas attempting to collect $130,000 in illicit proceeds. The U.S. Embassy in India issued a formal warning that visa holders engaging in illegal activities face immediate visa revocation and permanent ineligibility, highlighting a growing pattern of international student fraud exploited for elder scams.
mobileidworld.com
· 2025-12-08
Two California brothers-in-law, Ayman Alaaraj and Ahmad Nassar, were indicted on 17 counts of bank fraud and identity theft for stealing $794,000 from elderly victims through phone number porting schemes that bypassed two-factor authentication security measures. The defendants allegedly took control of victims' phone numbers to intercept security codes and gain unauthorized access to financial accounts, transferring funds without permission. The case highlights growing vulnerabilities in SMS-based authentication systems and carries potential sentences of up to 30 years in prison for each defendant.
valley.newhavenindependent.org
· 2025-12-08
Harry Danley Jr., a city public works employee in Ansonia, was arrested and charged with first-degree larceny in June 2024 for allegedly convincing an 85-year-old woman with mild dementia to write him approximately $25,000 in checks. Danley claims the money were loans he intended to repay after selling his home, not theft, and maintains he should face civil rather than criminal charges, though police note he has missed multiple repayment deadlines and still owes the victim $23,770. The case is scheduled for court on July 22, 2024.
news.outsourceaccelerator.com
· 2025-12-08
Pranav Patel, a 33-year-old Indian national, was sentenced to 6 years and 3 months in federal prison for operating as a money collector in a $1.79 million government impersonation scam that targeted elderly Americans, with co-conspirators posing as government agents and threatening victims with arrest to extort cash and gold. Patel traveled along the East Coast collecting packages from vulnerable seniors, including one victim who was forced to sell his home after losing his life savings. Law enforcement recovered most of the funds after arresting Patel during a planned collection operation, though overseas call center operators remain under investigation.
diyatvusa.com
· 2025-12-08
Two Indian nationals studying in the United States were sentenced to prison for their roles in separate elder fraud schemes targeting elderly Americans. Kishan Rajeshkumar Patel received 63 months for operating as a "money mule" in a phishing scam impersonating federal officials that defrauded at least 25 elderly victims of over $2.6 million, while Moinuddin Mohammed received 8 years for a similar impersonation scheme resulting in nearly $6 million in losses. Both cases highlight growing transnational fraud operations exploiting vulnerable seniors through government impersonation and threats of legal action.
ksl.com
· 2025-12-08
Scam Jam, an educational event held in Sandy, Utah, brought together FBI and AARP experts to educate residents about common fraud schemes including romance, internet, cryptocurrency, and tech support scams. The event featured a personal testimony from Rita, who lost several thousand dollars to a romance scam impersonating a celebrity, emphasizing the importance of reporting fraud despite the emotional and financial toll. Utah reported over 150,000 fraud cases totaling $61 million in losses, with experts stressing that fraud prevention through awareness and recognizing red flags is more effective than recovery efforts.
local10.com
· 2025-12-08
A 48-year-old Miami man was arrested in Standish, Maine after flying to New England to collect money from an elderly woman who had been victimized by a "grandparent scam." The woman had withdrawn $9,500 believing she was paying legal fees for her grandson's arrest, but Bighoro was the in-person collector for the fraud scheme. He faces charges of theft by deception and operating with a suspended license.
newstalkkgvo.com
· 2025-12-08
A scammer from India was arrested and charged with wire fraud after defrauding a Missoula senior citizen out of over $1 million through an elaborate impersonation scheme. The perpetrator initially posed as an Amazon representative, then claimed the victim's identity had been stolen and transferred her to accomplices posing as Social Security and U.S. Marshal Service officials, who convinced her to hand over cash in multiple pickups under the pretense of "legalizing" it for her protection. Law enforcement arrested the suspect during a sting operation when he returned to collect the final payment.
justice.gov
· 2025-12-08
U.S. Attorney General Pamela Bondi and the U.S. Attorney's Office for the Northern District of Georgia announced increased efforts to combat elder fraud schemes—including romance fraud, lottery fraud, tech support fraud, and grandpament scams—that cost victims billions of dollars and deplete life savings. The office employs a two-pronged approach: prosecuting domestic and foreign criminals involved in elder fraud and money laundering, and conducting outreach to law enforcement and community groups on prevention and detection. The National Elder Fraud Hotline (833-372-8311) provides free support to seniors age 60 and older who have experienced financial fraud, offering victim assessment, reporting assistance,
kentonline.co.uk
· 2025-12-08
Sarah from Faversham lost £100,000 and her home to romance fraudsters who contacted her on social media in 2022, posing as an American serviceman and later using sextortion and fake FBI impersonation tactics to extract additional funds. Police report that romance scammers stole £3.1 million from 240 victims in the last financial year, averaging £13,000 per person, with the crimes targeting vulnerable individuals by building trust over months before requesting money for various fabricated expenses. Authorities advise never sending money to people met only online and recommend consulting trusted friends or family if something seems suspicious.
pcmag.com
· 2025-12-08
The US Justice Department filed a civil forfeiture complaint to recover $225.3 million in stolen Tether cryptocurrency from seven virtual currency addresses, with the goal of returning funds to at least 430 victims of cryptocurrency investment scams. The scams, often called "pig butchering," typically begin with contact via text, social media, or dating apps, where perpetrators build rapport before manipulating victims into fake investment schemes; the FBI estimates these frauds caused $9.3 billion in losses in 2024, with seniors over 60 losing approximately $2.8 billion. Victims who believe they were affected are urged to file reports through the FBI's Internet Crime Complaint Center website
yahoo.com
· 2025-12-08
Sandy Hunter fell victim to a text message toll scam in January after receiving a fraudulent text requesting payment for tolls from her cross-country trip; she clicked the link and made a payment, resulting in $300 in unauthorized purchases on her credit card in California. The scam exploited her hurried state and emotional response to the threat of driver's license suspension, demonstrating how toll text scams are currently common in Utah. Hunter and FBI officials at a Scam Jam awareness event in Salt Lake City advised victims to verify sender information (checking country codes), avoid using debit cards for online payments, and take time to review websites carefully before entering payment information.
the420.in
· 2025-12-08
A 60-year-old retired Air Force officer in Noida was defrauded of ₹1 crore in a sophisticated "digital arrest" scam where cybercriminals posing as Mumbai Police and CBI officers kept him isolated via video call for 27 days, gradually coercing him to transfer his savings under the pretense of a money laundering investigation. The scam involved doctored documents, impersonation of senior officials, and psychological manipulation to prevent the victim from contacting anyone, and was only discovered when a relative grew suspicious after being unable to reach him. Noida Police have launched an investigation in collaboration with bank authorities and cyber forensic experts, with preliminary
wirralglobe.co.uk
· 2025-12-08
Romance fraud reports rose 9% nationally, with Merseyside Police recording 150 incidents in 2024 resulting in £2.4m in combined losses. People aged 50-59 suffered the highest financial losses at £22.1m nationally, targeted due to greater financial assets and vulnerability during life transitions like divorce or bereavement. Scammers use "love bombing" tactics to build trust and emotional dependence before requesting money; authorities advise victims to verify identities, stay within dating app messaging, and report suspicious activity to Action Fraud or Crimestoppers.
theglobeandmail.com
· 2025-12-08
Multiple finance professionals, including Bank of Montreal's Brian Belski and economist David Rosenberg, have fallen victim to imposter scams using AI-generated deepfake videos and fake social media accounts to lure investors into WhatsApp groups offering fraudulent investment advice. Rosenberg's firm reported collective losses exceeding $1 million from victims who were convinced to invest in stocks that artificially inflated then plummeted in value. Canadian net losses from social media-initiated investment scams have surged 95 percent since 2021 to $128.4 million annually, with law enforcement and social media platforms struggling to remove fraudulent content quickly enough to prevent harm.
the420.in
· 2025-12-08
The Central Bureau of Investigation uncovered a ₹100 crore GST refund fraud scheme involving a serving IRS customs officer and 29 others across Bihar and Jharkhand. The conspirators, including senior customs officials and private traders, fabricated export transactions for tiles and automobile parts to fraudulently claim GST refunds and tax exemptions, with raids recovering gold, forged documents, and digital evidence. The case highlights vulnerabilities in India's GST refund mechanisms and raises concerns about corruption within revenue enforcement agencies.
ghanaweb.com
· 2025-12-08
FBI arrested multiple Ghanaian nationals, including Kofi Boat (associate of musician Shatta Wale) and Dada Joe Remix, in connection with a decade-long transnational fraud scheme involving romance scams that targeted elderly Americans from 2013 to 2023, with one case involving a $100 million fraud scheme. The suspects face charges of wire fraud, money laundering, and conspiracy, with stolen funds allegedly laundered and distributed to co-conspirators across Ghana and other countries. A local radio presenter attributed the fraud activity to Ghana's entertainment industry's shift toward materialism over genuine talent, advocating for wealthy individuals to redirect focus toward national development.
finance.yahoo.com
· 2025-12-08
The FBI has filed to seize nearly $680,000 in cryptocurrency from a sophisticated romance scam targeting professionals on LinkedIn and dating apps. Two victims—a Solon, Ohio resident who lost $500,000 and an Arizona woman who lost $63,000—were deceived into investing in cryptocurrency after scammers built trust through social media before moving conversations to encrypted platforms. Investigators traced the stolen funds across blockchain networks, identifying how criminals converted the stolen assets to Tether stablecoin, demonstrating law enforcement's growing ability to track cryptocurrency fraud despite the technology's irreversible transactions and pseudonymous nature.