Top Stories
North Carolina: Nine years prison for man who sold contact information for seven million older people to Jamaican lottery fraud groups
New UK research study on the worldwide underground industry that seeks “returns” and refunds from online retailers
- Losses just in the US at least $1 billion/year
- This fraud is franchised to individuals, pay their tutors a percentage; scammers taught online
- Scammers have detailed knowledge of refund policies
- Often have business insiders help
- Many claim items not delivered, claim damaged, or return counterfeit goods
US House testimony by Erin West of Operation Shamrock on crypto romance frauds and SE Asian scam compounds; Chinese CCP tolerates and protects; US consumers lose least $10 billion a year and it is still exploding
New study looks at the use of AI in crypto romance frauds
- Interviewed 145 who worked at scam compounds
- Finds that 87% or workers at scam compounds do just the first steps at beginning contact with victims
- AI is routinely used in many parts of this fraud
Meta works with Starlink, DOJ, others to fight scam compounds; takes down 1.4 million fake ads; 63 arrested
Full report here
