Bulgaria raids major binary option investment scam operations

  • Search at 21 locations
  • Losses of €30 million
  • Five arrested, including Israeli head
  • Help from seven countries

FBI warns that scammers are now finding missing persons reports on line and calling families claiming falsely that the lost person was kidnapped and demanding ransom

Amazon says it blocked ten billion fake listings for counterfeit goods last year

FTC does in depth look at skyrocketing fraud offering investment in crypto currencies

  • ten-fold increase in losses during the last year
  • 20% of money lost by romance scam victims is by these “investments”
  • Those 20-49 five times more likely to lose money
  • Widespread use of fake celebrity endorsements, often use Elon Musk

FBI’s Internet Crime Complaint center reports complaints rose 70% last year

Full report here