Top Stories
New Jersey issues report on unlicensed bitcoin machines
- Many don’t comply with federal regulations
- Scammers get victims to deposit money into them
- Propose state licenses and some regulation
- Call volume up 42% at these call centers during virus
- Record levels of fraud calls, especially in financial services and insurance industries
- 5% of all calls fraudulent or suspicious
- 80% of call centers say fraud a very serious issue
Virus Benefit Theft
- More than 1 million fraudulent claims for unemployment benefits in Colorado
- £26 billion estimated fraud losses from the UK’s Bounce Back program for small business
- Los Angeles: Man pleads guilty to fraud in getting $500,000 in virus benefits
- Buffalo, New York: Man charged with PPP fraud
- Wisconsin: Man pleads guilty to PPP fraud; got $1 million
- North Carolina: Woman charged with PPP fraud