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longisland.news12.com
· 2025-12-08
A 78-year-old Port Jefferson Station woman lost $15,000 to scammers who impersonated Apple, claiming fraudulent charges on her account, then convinced her to withdraw cash and hand it to a person at her home. Suffolk police's financial crimes unit is investigating the case, and the victim is warning other seniors that this scam is occurring frequently and can target anyone.
kbtx.com
· 2025-12-08
Crystal Allen, a 41-year-old Somerville woman, was sentenced to 20 years in prison for stealing approximately $260,000 from a 64-year-old College Station victim by gaining her trust through helping with errands, then accessing her financial accounts and transferring funds through various digital platforms between October 2020 and April 2024. The victim's savings were depleted from over $260,000 to less than $4,000, with the scheme discovered when a family member noticed suspicious withdrawals during the victim's hospitalization in September 2021. Allen was ordered to pay full restitution of $260,000 and had prior convictions for burglary and additional
shreveporttimes.com
· 2025-12-08
Kenneth G. Akpieyi, 44, from Georgia, was convicted in July 2025 on charges of mail fraud, wire fraud conspiracy, and money laundering for operating a "fake Romeo" romance scam that defrauded multiple women of over $3 million. Operating under the alias "Phillip Anderson," Akpieyi used social media platforms to build fake romantic relationships with victims, then convinced them to send money for fabricated reasons such as charitable work or family emergencies, funneling the funds through his auto brokerage company to obscure their movement. Eight victims testified during trial, with sentencing scheduled for November 2025.
unionrecorder.com
· 2025-12-08
A new Medicare scam targets seniors through door-to-door solicitors posing as Medicare representatives who offer free hospice services in exchange for personal information. Medicare does not offer unsolicited free services and will never call or knock on doors requesting personal or banking information; seniors should refuse all such solicitations, report suspected fraud to 1-800-MEDICARE, and contact the Senior Medicare Patrol at 877-808-2468 for assistance.
journal-news.net
· 2025-12-08
Scammers increasingly target seniors in the Eastern Panhandle and across the country through phone calls, emails, texts, and in-person visits, impersonating government agencies, tech companies, or family members to trick victims into revealing personal information or sending money. Common schemes include fake arrest/bail demands, Medicare card warnings, and suspicious transaction alerts that create artificial urgency. Experts recommend verifying caller identity independently, never sharing personal information unsolicited, avoiding gift cards and wire transfers, and reporting suspicious activity, while family members can support prevention through regular communication and vigilance.
ket.org
· 2025-12-08
This educational forum featuring experts and fraud victims discusses common scams targeting elderly people, including email/social media schemes, tech support scams, and impersonation of law enforcement or government officials. Seniors are frequent targets because they may be lonely, vulnerable, or less technologically savvy, and scammers exploit urgency and fear to manipulate victims; real victims lost thousands to hundreds of thousands of dollars, including one woman who lost over $400,000 and now owes the IRS $100,000 in additional taxes. The discussion emphasizes that fraudsters use sophisticated, multi-layered schemes designed to be difficult to trace and recommends awareness and verification of unexpected contacts as prevention strategies.
ket.org
· 2025-12-08
This educational forum features elder fraud experts discussing common scams targeting seniors, including email, social media, tech support, and phone-based schemes. Elderly individuals are frequent targets because they have more free time, may be lonely or financially worried, and scammers exploit urgency and fear to manipulate them. The panel shares real victim experiences—including a woman who lost over $400,000 to an imposter federal agent scam and now owes $100,000 in taxes—and emphasizes that scams use multiple layers of deception designed to be difficult to trace before funds are depleted.
kcentv.com
· 2025-12-08
Crystal Allen was sentenced to 20 years in prison for defrauding a 64-year-old College Station woman of nearly $260,000 over approximately one year. Allen gained the victim's trust by offering help with errands and chores, then used her access to steal the victim's financial information, open fraudulent accounts, and transfer funds to herself, reducing the victim's three bank accounts from over $260,000 to less than $4,000. As part of her sentence, Allen was ordered to pay $260,000 in restitution to the victim.
abc3340.com
· 2025-12-08
A mother and daughter who worked as in-home caretakers in Alabama were sentenced to prison for defrauding an elderly victim of approximately $500,000 between December 2020 and February 2022. Mykia L. Henderson, 32, received 87 months in prison and Cynthia H. Mixon, 50, received 57 months after pleading guilty to conspiracy to commit wire fraud and aggravated identity theft. The defendants used their access to the victim's financial information to create fraudulent payment accounts through Square and Stripe, charged unauthorized credit card transactions, wrote bogus checks, and concealed their activity with false descriptions.
wbrc.com
· 2025-12-08
Two Alabama women—32-year-old Mykia L. Henderson and 50-year-old Cynthia H. Mixon (mother and daughter)—were sentenced to 57 months in prison for defrauding an elderly victim of nearly $500,000 between December 2020 and February 2022. While working as the victim's in-home caretakers, they used fraudulent payment accounts (Square and Stripe) to charge the victim's credit cards, wrote unauthorized checks, and concealed their activities through false descriptions on transactions. Both pleaded guilty to conspiracy to commit wire fraud and aggravated identity theft.
patriotledger.com
· 2025-12-08
The FBI Boston Division is warning New Englanders of an increasing surge in scam calls from fraudsters impersonating federal agents and law enforcement officials who use intimidation tactics—threatening arrest, property confiscation, or bank account freezes—to pressure victims into sending money via wire transfer, gift cards, cryptocurrency, or cash. According to the FBI's Internet Crime Complaint Center, 778 complaints were filed across Massachusetts, Maine, New Hampshire, and Rhode Island, resulting in total losses of $12.9 million. The FBI emphasizes that legitimate law enforcement agencies do not call threatening arrest or demanding payment, and victims should hang up immediately, contact their financial institutions, and report the scam to local police
wabi.tv
· 2025-12-08
The FBI issued a warning to New England residents about an increase in scam calls where fraudsters impersonate law enforcement and government agencies, threatening arrest unless victims pay money. Over 17,000 people nationwide fell victim to such scams in the previous year. The FBI emphasizes that legitimate law enforcement will never threaten arrest or demand payment by phone, and urges recipients of suspicious calls to hang up and report them to local law enforcement.
justice.gov
· 2025-12-08
Emmanuel Ugbaja, a 56-year-old Georgia man, was sentenced to 5 years probation with 2 years home confinement for money laundering in connection with internet scams that defrauded two victims of $60,000 in 2018—one through a romance scam and one through an inheritance scam. Ugbaja received the fraudulent funds into his bank account, kept a portion for himself, and sent the remainder to a maritime broker as a vessel down payment. In addition to probation, he was ordered to pay over $97,000 in restitution to the fraud victims and over $135,000 to the Small Business Administration
wealthsolutionsreport.com
· 2025-12-08
Ultra-high net worth (UHNW) individuals face increasingly sophisticated scams that exploit publicly available data, AI technology, and deep social engineering to target them with highly personalized fraud schemes. The article identifies seven major scam types affecting wealthy Americans: whaling (executive phishing), deepfake-driven impersonation and family emergency scams, synthetic identity fraud, tax and authority impersonation scams, and romance scams—each using tailored personal details and urgent requests to extract sensitive information, authorize fraudulent transfers, or manipulate victims into fake investments. Wealth managers and advisors are advised to educate clients on red flags including unusual communication changes, urgent financial requests from trusted sources, and demands
gillibrand.senate.gov
· 2025-12-08
New Yorkers lost over $540 million to fraud in 2024. Senator Kirsten Gillibrand introduced the Stop the Scammers Act to restore Consumer Financial Protection Bureau funding that was reduced by a Republican tax bill, and to authorize the CFPB to reward whistleblowers who report financial crimes and fraud targeting seniors.
ocalagazette.com
· 2025-12-08
An 82-year-old Ocala woman lost $7,300 in cryptocurrency and nearly lost $160,000 in cash converted to gold in a multi-stage scam involving a fake computer hack, fraudulent bank officer call, and an accomplice attempting to pick up the gold at her home—the plot was foiled by law enforcement and a gold exchange company alert, resulting in the arrest of Jiann Cao. Local agencies report approximately $1 million stolen monthly from elder fraud victims in Marion County, with common scams including tech support fraud, romance scams, and investment schemes; officials recommend verifying the authenticity of unsolicited communications and emphasize education and reporting as key prevention strategies.
oakdaleleader.com
· 2025-12-08
In 2023, fraud cost Americans an estimated $158.3 billion, with new federal initiatives like the National Elder Fraud Coordination Center launching to combat organized fraud schemes through investigation and prosecution. The article highlights three prevalent scams: fake travel websites that appear in search results, utility company impersonators threatening service shutoff, and increasingly sophisticated grandparent scams enhanced by AI technology that create false emergencies to pressure victims into sending money via gift cards, wire transfers, or cryptocurrency.
escalontimes.com
· 2025-12-08
**Fraud Overview & National Response:**
The Federal Trade Commission reported fraud theft reached $158.3 billion in 2023 ($434 million daily), prompting the creation of the National Elder Fraud Coordination Center to investigate and prosecute fraud criminals at scale.
**Common Summer Scams:**
Three prevalent scams target consumers: fake travel websites appearing in search results, utility company impersonators threatening service shutoff and demanding gift cards or wire transfers, and AI-enhanced grandparent scams using realistic voice manipulation to pressure victims into sending money for fabricated emergencies. Protection strategies include researching unfamiliar companies, contacting official numbers directly, and pausing before responding
kgun9.com
· 2025-12-08
Technical support scams disproportionately affect elderly victims, representing approximately 60% of cases in Pima County, Arizona. A 62-year-old Green Valley man lost $53,000 after responding to a fake Bank of America text directing him to withdraw funds and mail them to Florida; authorities recovered the full amount by intercepting the packages in New Mexico. The Pima County Sheriff's Department reports 260 tech support scams out of 550 total fraud cases this year and advises residents to avoid clicking unsolicited links, never provide banking information to callers, and hang up immediately on suspected scammers before verifying any request directly with their bank.
wsbtv.com
· 2025-12-08
Kenneth G. Akpieyi, a 44-year-old Cobb County man, was found guilty of operating a years-long romance scam in which he posed as "Phillip Anderson" on social media platforms to build fake romantic relationships with victims and solicit money for fabricated reasons. Eight victims testified to losses exceeding $3 million, with Akpieyi using his business account and multiple banks to launder the stolen funds to accounts in foreign countries including China and the UAE. He faces up to 20 years in prison on each count of mail fraud and wire fraud conspiracy, with sentencing scheduled for November 5, 2025.
the420.in
· 2025-12-08
Kenneth G. Akpieyi, a 44-year-old from Georgia, was convicted of operating a multi-million-dollar online romance scam targeting women globally through fake identities on social media platforms like Facebook and Instagram. He and his international fraud network defrauded victims of over $3 million by posing as military officers, businessmen, and philanthropists, then laundering the money through multiple U.S. bank accounts and overseas accounts in China and the UAE. Akpieyi faces up to 20 years in prison per count and financial penalties between $250,000 and $500,000.
atlantanewsfirst.com
· 2025-12-08
Kenneth Akpieyi, a 44-year-old from Marietta, Georgia, was convicted of operating romance scams that defrauded at least eight women of over $3 million. The scheme involved posing as wealthy figures on social media, building romantic relationships with victims, and requesting money under false pretenses, with funds routed through his auto brokerage company and sent to accounts internationally. Akpieyi faces decades in prison and substantial fines upon sentencing in November 2025.
ic3.gov
· 2025-12-08
The FBI warns of a scam variation where criminals send unsolicited packages with QR codes designed to trick recipients into revealing personal and financial information or downloading malicious software that steals phone data. This scheme evolved from traditional "brushing scams" used to boost product ratings online, and while not yet widespread, the public should avoid scanning QR codes from unknown origins and be wary of packages without sender information. Victims should monitor credit reports and report suspicious activity to the FBI's IC3 website, with seniors able to seek assistance through the DOJ Elder Justice Hotline.
jamaicaobserver.com
· 2025-12-08
Marlon Plummer was accused of defrauding a 78-year-old man out of a $40 million loan by forging the elder's signature and using his property title as collateral without permission, with the funds traced to Plummer's own bank account. The defendant was granted $4 million bail with conditions including reporting to police three times weekly and surrendering his travel documents. The case involves charges of uttering a forged document, obtaining credit by fraud, and conspiracy to defraud, with a return court date set for November 11, 2025.
irs.gov
· 2025-12-08
Roger Roger, a Costa Rica resident, was sentenced to over 15 years in prison for leading a telemarketing fraud scheme that stole more than $4 million from hundreds of U.S. victims, many of them elderly, by posing as government officials and convincing them they had won sweepstakes prizes requiring upfront payments. He was convicted of conspiracy to commit mail and wire fraud, wire fraud, conspiracy to commit international money laundering, and international money laundering, and was ordered to pay $3.3 million in restitution and forfeit $4.2 million.
justice.gov
· 2025-12-08
Jamal Nathan Dawood, 54, of Burbank was found guilty of embezzling approximately $2.2 million from an elderly victim's estate inherited from the victim's deceased brother through wire fraud and money laundering schemes conducted in late 2019. Dawood gained the victim's trust by offering property management assistance, then fraudulently transferred funds from the victim's trust account to his own accounts and falsely convinced the victim to transfer ownership of his home and inherited real estate to companies Dawood controlled. Dawood faces up to 20 years in federal prison for wire fraud charges and up to 10 years for money laundering charges at his December 8 sentencing
unfilteredwithkiran.com
· 2025-12-08
Louisiana residents are warned of a summer surge in scams including vacation rental fraud, AI voice cloning impersonations, toll violation/DMV phishing texts, and jury duty scams. Scammers are using increasingly sophisticated tactics—from fake travel listings requiring upfront wire transfers to AI-generated voices claiming relatives are in emergencies—to steal identities and drain bank accounts. Authorities recommend victims verify requests through official channels, resist immediate action, and never provide personal information to unsolicited contacts.
finance.yahoo.com
· 2025-12-08
Social Security scams employ three primary tactics: fake remote job offers that request personal information and upfront fees, phishing emails impersonating the Social Security Administration to direct victims to fraudulent websites, and in-person schemes where imposters posing as government officials convince victims to provide cash or valuables. Recent cases include a victim who gave $2 million in gold bars to someone claiming to be a CIA agent and an Ohio woman who liquidated $500,000 in retirement savings to purchase gold for phone scammers. Protect yourself by avoiding unsolicited job offers and payment requests, verifying emails end in ".gov," and reporting suspicious activity to the Social Security Administration or Office of the Inspector General.
daijiworld.com
· 2025-12-08
A senior woman doctor in Gandhinagar was defrauded of over Rs 19 crore in a "digital arrest" scam lasting three months, where fraudsters posing as government officials (telecommunications, police, and prosecutors) used fake legal threats and constant surveillance to coerce her into liquidating assets and transferring money to multiple accounts. The scam involved forged ED documents and claims of FEMA/PMLA investigations, with the victim kept under constant contact via video calls and threatened with asset seizure. One suspect, Lalji Jayantibhai Baldaniya, was arrested, though investigations continue to identify other perpetrators and recover funds; authorities note this scam pattern is increasingly common
kxxv.com
· 2025-12-08
Crystal Allen was sentenced to 20 years in prison after pleading guilty to stealing $260,000 from a 64-year-old College Station resident through manipulation and fraudulent access to bank accounts. Allen gained the victim's trust by befriending her and spending time with her before obtaining personal information to access three bank accounts. Experts emphasize that seniors are particularly vulnerable to such scams due to their trusting nature and recommend being cautious with personal information and validating stories before sharing sensitive details.
floridapolitics.com
· 2025-12-08
U.S. Senator Ashley Moody testified before the Senate Special Committee on Aging about her efforts as Florida's former Attorney General to combat elder fraud, citing her establishment of the Senior Protection Team in 2019 to address civil, criminal, and health care fraud targeting seniors. Moody highlighted that while an estimated 1 in 10 seniors experience abuse, only 7% of cases reach law enforcement, and emphasized that financial scams targeting older Americans cost victims over $3.4 billion annually. She and other senators have called for coordinated federal efforts to dismantle international scam networks targeting the elderly, proposing her Florida model as a potential national approach to elder fraud prevention.
soycarmin.com
· 2025-12-08
This educational article identifies 11 common "silent scam" billing schemes targeting seniors, including deceptive free trials, fake magazine renewals, hidden medical alert fees, identity protection upsells, and difficult-to-cancel gym memberships. These subtle, recurring charges exploit seniors' trust and digital literacy gaps, accumulating significant financial losses over time despite individual charges being small. The article recommends protective measures such as carefully reading fine print, using virtual credit cards with spending limits, verifying billing sources directly, and scrutinizing contracts before purchase.
sudbury.com
· 2025-12-08
A man in his early 70s in Barrie, Ontario was victimized by an elaborate fraud scheme on July 29 when he received a call claiming he was under fraud investigation and needed to resolve it at his bank; the caller posed as a bank manager, accompanied the victim to withdraw cash via a fraudulent cheque deposit, then abandoned him in a parking lot without his walker, causing facial injuries. Police are investigating and urging families to warn elderly relatives about answering calls from unknown numbers and to verify caller identity before taking financial action.
gillibrand.senate.gov
· 2025-12-08
Senators Kirsten Gillibrand (D-NY) and Katie Britt (R-AL) introduced the GUARD Act, legislation designed to enhance law enforcement's ability to investigate cryptocurrency-facilitated fraud against seniors by providing federal grants for blockchain investigation resources and tools. According to the FBI, seniors lost over $4.8 billion to scammers in 2024, with cryptocurrency involved in over 30,000 fraud reports resulting in $2.84 billion in losses, particularly through "pig butchering" schemes that exploit victims into fake crypto investments. The bipartisan bill aims to strengthen federal-local law enforcement cooperation in tracking and prosecuting scammers who
newsbreak.com
· 2025-12-08
Jamal "Jimmy" Dawood, a 54-year-old Burbank man, was convicted of embezzling $2.2 million from an elderly victim by fraudulently managing the victim's inherited real estate and savings, secretly transferring funds to his own accounts and those of associates, and falsely transferring properties to companies he controlled. Dawood was found guilty of six counts of wire fraud and nine counts of money laundering, with sentencing set for December 8 where he faces up to 20 years per wire fraud count. The DOJ highlighted that elder fraud victims aged 60 and older can report scams to the National Elder Fraud Hotline at
ksro.com
· 2025-12-08
Santa Rosa Police arrested 30-year-old Zhishen Zheng, identified as a courier in a tech support scam that defrauded a 74-year-old resident of $43,000. The victim was lured by a pop-up ad and manipulated by impersonators posing as security agents and FTC officers into withdrawing cash from her bank, which Zheng then collected from her home. Zheng has been charged with financial elder abuse and grand theft.
mcknightsseniorliving.com
· 2025-12-08
The US Senate Special Committee on Aging held a hearing to advance reauthorization of the Older Americans Act through fiscal year 2030, with witnesses emphasizing how funded programs protect aging Americans from abuse and neglect. The Long-Term Care Ombudsman program, which investigated and resolved over 200,000 complaints in fiscal year 2024, was highlighted as needing increased funding (at least $65-70 million) to address the growing assisted living industry. Additionally, senators introduced the GUARD Act to equip state and local law enforcement with blockchain tracing technology to investigate financial fraud and cryptocurrency-facilitated crimes targeting older adults.
patch.com
· 2025-12-08
A San Fernando Valley man, Jamal Nathan Dawood, was found guilty of embezzling approximately $2.2 million from an elderly victim by posing as a financial advisor, fraudulently transferring the victim's inherited retirement savings and real estate properties to accounts and companies under his control. Dawood was convicted on six counts of wire fraud and nine counts of money laundering and faces a maximum sentence of 210 years in prison.
patch.com
· 2025-12-08
Jamal Nathan Dawood, 54, of Burbank, California was found guilty of embezzling approximately $2.2 million from an elderly man by fraudulently offering to help manage an inheritance, then stealing funds through unauthorized wire transfers and convincing the victim to transfer ownership of his home and inherited real estate to shell companies he controlled. Dawood was convicted on six counts of wire fraud and nine counts of money laundering and faces a maximum sentence of 210 years in prison.
cbs8.com
· 2025-12-08
**San Diego County elder fraud losses reached nearly $70 million in the first half of the year, with officials projecting the total will exceed last year's $98 million in losses.** The most prevalent scam type is "tech support fraud," where seniors receive fake pop-up messages instructing them to call a number for device repair. Local authorities have established the Elder Justice Task Force and encourage reporting suspected scams to the National Elder Fraud Hotline (833-372-8311), though recovery remains difficult especially for international operations.
legaltalknetwork.com
· 2025-12-08
This is an educational podcast episode featuring cybersecurity expert Steve Weisman discussing scam prevention and identification strategies. The episode covers various scam types (including VA imposter and "free piano" scams), the role of AI in modern fraud schemes, and protective measures such as a "zero trust" verification approach where all transactions—particularly checks—must be independently confirmed before trusting them.
thetimes.com
· 2025-12-08
Simon Leviev, known as the "Tinder Swindler," defrauded victims worldwide of over $10 million by posing as a diamond heir and manipulating women into financial and emotional devastation. The 2022 Netflix documentary about his crimes became the platform's most-watched film, exposing his schemes and inadvertently protecting potential victims by making him recognizable. Two of his victims, Cecilie Fjellhoy and Pernilla Sjoholm, have since transformed their trauma into advocacy, traveling globally to educate about romance fraud and launching initiatives to combat online scams, while calling for stronger legal protections for victims of romance fraud.
noozhawk.com
· 2025-12-08
Jonathan Tudor, a 64-year-old West Hollywood man, was arrested for allegedly posing as a BMW luxury car executive and scamming at least four Santa Barbara County victims out of approximately $16,000 each by promising discounted high-end vehicles that were never delivered. Tudor faces 44 felony counts including elder theft, securities fraud, grand theft, and money laundering, with authorities discovering over $250,000 in luxury goods at his home but no evidence the promised vehicles existed. Detectives believe additional victims exist in Los Angeles and beyond and are seeking them to come forward.
goldrushcam.com
· 2025-12-08
A San Fernando Valley man, Jamal Nathan Dawood, 54, was found guilty of embezzling approximately $2.2 million from an elderly victim's inherited estate through wire fraud and money laundering schemes conducted in 2019. Dawood fraudulently transferred funds from the victim's trust account to his own accounts, convinced the victim to transfer ownership of his home and inherited real estate properties to companies he controlled, and misrepresented that the victim would retain ownership interests. He faces up to 20 years in federal prison for wire fraud counts and up to 10 years for money laundering counts at his December 8 sentencing hearing.
wlrn.org
· 2025-12-08
Senator Rick Scott led a bipartisan effort to introduce the GUARD Act, legislation designed to equip local and state law enforcement with advanced tools—including blockchain tracing technology—to investigate and combat financial scams targeting older Americans. The bill addresses a growing crisis: Americans over 60 lost $4.8 billion to scams in 2024, while those aged 50-59 lost an additional $2.5 billion, with estimates suggesting total fraud losses affecting seniors range from $28.3 billion to $137 billion annually. The legislation aims to expand federal grant programs for specialized training and improve coordination between federal and local agencies to prosecute scammers and recover stolen funds.
berkshireeagle.com
· 2025-12-08
The FBI's Boston Division has reported a spike in "vishing" scams across New England in which callers impersonate law enforcement and government officials to extort money or steal personal information, with recent cases in Berkshire County demanding $2,500 for fake warrant clearances. In 2024, approximately 17,367 people nationwide reported losses exceeding $405 million from government impersonation scams, with over 500 Massachusetts victims losing around $9.5 million. Legitimate law enforcement agencies never call threatening arrest or demanding immediate payment; victims should verify caller identity, avoid engaging, and report suspected scams to local police and the FBI's Internet Crime Complaint Center.
wcrz.com
· 2025-12-08
A Michigan couple lost $20,000 in a phishing scam after clicking a malicious link in an email impersonating an antivirus service; scammers then sent a courier to collect cash from their home. Police successfully recovered the stolen funds through quick action and investigation, tracing the scam to a Southeast Michigan residence, though two identified suspects remain unarrested. This recovery is rare, as Michigan saw fraud losses surge to $204 million in 2024 (up from $60 million in 2020), with experts emphasizing the importance of verifying sender identity before responding to communications or sending money.
themortgagepoint.com
· 2025-12-08
Sen. Kirsten Gillibrand introduced the Stop the Scammers Act to restore Consumer Financial Protection Bureau (CFPB) funding that was reduced under President Trump's tax bill, and to authorize the CFPB to financially reward whistleblowers who report financial wrongdoing. The legislation aims to protect seniors from scams and fraud by ensuring the CFPB has adequate resources and incentivizing insiders to expose bad actors in the financial industry. The bill has support from multiple Democratic senators and proposes restoring CFPB funding to 12% of the Federal Reserve's operating budget.
inyourarea.co.uk
· 2025-12-08
A June 2024 survey by Censuswide commissioned by TSB Bank found that 31% of social media users acted on financial tips from "finfluencers," with 55% of those losing money as a result. Young people aged 16-34 were particularly vulnerable, with two-thirds of 18-29-year-olds following financial influencers and 74% trusting their advice, while these scams often use Ponzi schemes or fake investments promising guaranteed returns through flashy lifestyle imagery. The FCA warns consumers to watch for unrealistic promises, pressure to act quickly, and complicated jargon, and recommends checking the FCA Warning List before investing an
solacebase.com
· 2025-12-08
A Dubai-based businessman from Kano, Auwalu Tijjani Rabi'u, was declared wanted by Nigeria's Economic and Financial Crime Commission (EFCC) for alleged conspiracy, obtaining money by false pretense, and money laundering totaling $1,931,700.12. Local stakeholders defended Rabi'u, claiming he was actually the victim who overpaid approximately $3.2 million in a 2023 business transaction with Ifeanyi Ezeokolu and had reported the matter to the DSS; they alleged Ezeokolu escalated the civil dispute to the EFCC to evade refunding the verified overp