Top Stories

Florida: Two Nigerian men get 10 years and 7 years prison for inheritance fraud that sent letters supposedly from bank in Spain to older Americans claiming that they had an inheritance; demanded fees to get the money; laundered money through other victims; duo had been extradited from Spain

Enforcement efforts are working!  New FTC report shows robocalls complaints have fallen to a five year low

New BBB Scam Tracker report on frauds hitting younger consumers

  • Those 18-24 have highest median dollar losses than any other group
  • Top three frauds for this group are online shopping, job frauds, and crypto investments

WSJ:  Chinese criminals behind crypto romance frauds in SE Asia, and China is trying to crack down on it

Three extradited to the US from Morocco and Romania; had run reshipping scheme from Russia that used stolen credit card information to order goods online and be shipped within the US, and then had goods reshipped to Russia and Eastern Europe; at least $48 million involved

Review and recommendation:  I just finished Walter Isaacson’s biography of Elon Musk.  It is fascinating.  Creator of PayPal, Space X, Tesla, the Boring Company, and several other companies that would be great accomplishments standing alone.   Plus now Twitter.  And he’s not done yet.   Like Ford, Edison,  Rockefeller,  Carnegie and Vanderbilt he’s made a big improvement in everyday lives

Full report here