Baker Fraud Report – News you can use

 August 17, 2017

 TOP STORIES

Student arrested in Wisconsin for aiding fraud; obtained gift card info from India, used those funds to buy new gift cards, and sold the information to China

EFCC in Nigeria arrests 100 undergraduates in Nigeria for romance fraud, ATM fraud, and other frauds

 Washington, DC couple lose $1.5 million proceeds of home sale through fraud that had them wire money to someone other than their real title company

Short video explains this fraud

Tip of the week:  Did you know crooks can get checks from your bank account without you ever writing a check?  If victims give out their bank account numbers over the phone people can create “remotely created checks” to get money. An FTC regulation makes this illegal in any transaction involving telemarketing.  See the story below where the FTC alleges fraudsters got $40 million from victims this way.

 Fraud News Around the World

FTC and CFPB

People went to sites offering online loans

Entered their bank account numbers where loan could be deposited

Defendants did not offer loans

Instead enrolled people in discount “buying clubs” victims had no          interest in

Investment Fraud

IRS fraud

 ATM Skimming

Romance Scam Fraud

Ransomware

Jamaican Sweepstakes Fraud

Just for fun….

 Did you know that dolphins are so smart that within a few weeks of captivity, they can train people to stand on the very edge of the pool and throw them fish?

 Add to the News! Have you seen a recent prosecution or other fraud information that others should know about?  Send it into the Baker Fraud Report at steve@bakerfraudreport.com

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