Prevention Summaries & Fraud News
Fraud Frenzy’s educational and FREE news exposes fraud events from all over the world. Building your fraud awareness by reading about these events is one step towards fraud protection. You will find some of the latest fraud summaries in our Fraud News section. We update our database of fraudulent events daily, so be sure to visit regularly!
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How tens of thousands of young people have spent over a decade working their way through a loan forgiveness plan that they will NEVER get. Student loan debt is a harsh and ugly reality in the United States. The average US student borrower won’t be able to pay back their loan until after they reach 40 years of age. 44 was the magic number for former President Barack Obama. He famously didn’t pay off his student loan debt until age 44, just before taking office as the 44th US President. So, none but the rich and privileged are immune to this crisis—for surely this is what it is. The current outstanding US student loan debt is a staggering $1.5 trillion. Many young professionals begin their careers with a six-figure personal debt. A huge and unfair milestone to start out in life with. It’s a fact that has many in America considering if a higher education is even worth the price any more. Many still choose to study and earn degrees at enormous personal cost. Some do so with the expectation of selecting a post-graduate career in public service. A 10-year career in public service comes attached with promises of full loan forgiveness. It is an attractive deal that many have built their careers around. Sadly, the vast majority of these professionals probably won’t see their debt [...]
Parents of young children have running to-do lists of many things to keep up with. New parents worry about things like setting up their nest, choosing a doctor, finding daycare and staying on top of rapid growth and development. Later on, they're setting up playdates, finding the right school, exploring their child’s hobbies, and so many other things that nurture their well-being. Fraud and identity protection probably doesn’t make the list for most parents. Sad to say, in this day and age of rampant fraud it really has to be. According to a study by Javelin Strategy & Research, one million children had their identities stolen in 2017. Fraudsters cashed in a whopping $2.6 billion from child identity theft alone. These crimes left families with a collective bill of $540 million. That's a hefty price for something not in the plan for childhood expenses. Fraud against children is a growing enterprise and it falls on parents to protect their little ones from this awful epidemic. The idea that stealing a child’s identity is profitable might sound strange to some. It's not like the average child has a ton of cash sitting in the bank. But the truth is, children are now more likely than adults to be victims of identity theft for one simple reason: a blank financial history. A child’s blank financial history gives criminals [...]
“It’s a real story riven with fraud scams, fake news, and an enduring false narrative”. According to the latest US Customs and Border Protection (CBP) reports, immigrants/refugees crossing into the USA are now at an all-time high level. In the month of May 2019, 144,278 refugees, including children, were arrested and detained. This data was provided by Border Patrol and Border Protection and was declared as a historic off the chart figure. It is morally impossible for any mindful person to ignore the ongoing tragedy on the US - Mexico border. People migrate for various reasons but mostly to find a better life, and migration has been around since before there were any borders. For the first few hundred years, it has been mostly positive as the US embraced the diversity of people who became the most powerful vision and the driving brand of this young nation. With the rise of the military and industrial complex and personal wealth, random xenophobia combined with isolationist policies caused friction within the country, especially at the borders. Mass migration always comes with the high risk of becoming a deadly humanitarian crisis riven with fraud scams, fake news, and an enduring false narrative. The US is known to welcome immigrants with open arms. However, when people enter illegally and some with a criminal agenda, the country has to toughen up [...]
According to the latest US Customs and Border Protection (CBP) reports, immigrants/refugees crossing into the USA are now at an all-time high level. In the month of May 2019, 144,278 refugees, including children, were arrested and detained. This data was provided by Border Patrol and Border Protection and was declared as a historic off the chart figure. It is morally impossible for any mindful person to ignore the continuing tragedy on the US - Mexico border. People migrate for various reasons but mostly to find a better life, and it has been around since before the stone age and before there were any borders. For the first few hundred years, it has been mostly positive as the US embraced the diversity of people who became the most powerful vision and the driving brand of this young nation. With the rise of the military and industrial complex and personal wealth, random xenophobia combined with isolationist policies caused friction within the country, especially at the borders. Mass migration always comes with the high risk of becoming a deadly humanitarian crisis riven with fraud scams, fake news, and an enduring false narrative. The US is known to welcome immigrants with open arms. However, when people enter illegally and some with criminal agenda, the country has to toughen up its borders and the rules at the same time. None [...]
September 2018 marked the 10-year anniversary of the Lehman Brothers bank collapse. At the time, was the fourth largest investment bank in America. But it had almost as much debt ($619 billion) as it had in assets ($639 billion). Dubbed, the “Lehman Weekend”, the world witnessed the largest bankruptcy in US history. It led to a huge Recession and a near meltdown of the global economy. In its wake, millions of ignored victims. Everyone remembers the housing market crash of 2008. It was the biggest US economic crisis in nearly 70 years. Like all such man made disasters, the root causes are greed and fraud. It was never investigated as such. It was simply too big a fraud event for that. In the early 2000’s the US housing market was booming. More people were owning homes than ever before due to “subprime mortgages.” A subprime mortgage is a loan given to people with low credit scores and incomes. These are individuals would not normally qualify for standard “prime” loans. Subprime mortgages carry more risk so typically there are unfavorable interest rates attached to these loans. During the housing boom, banks were giving out mortgages left and right with very low requirements. This is because it brought in quick and easy money. Anyone and everyone could get a mortgage. Lots of mortgages meant that banks bundled them [...]
Mass fraud by banks and financial institutions continues unabated without hard prison time for the guilty parties. “Deutsche Bank settles for $205 million in currency manipulation scheme.” “Goldman Sachs confesses to c.$5 billion in mortgage fraud during the 2008 financial crisis.” “Wells Fargo settles securities fraud lawsuit for $480 million.” “Bank of America to pay $42 million in electronic trade ‘masking” case’.” These kind of headlines are daily events and it appears all our major banking institutions have engaged in a for profit mass fraud enterprise at some point - and continue to do so. It’s all there in your news feed. Here’s two big questions. How can big banks consistently plead guilty to mass fraud crimes and yet never see executives sent to prison? How can they keep paying these multi billion dollar fines and still be in business? During a rally in 2011, US presidential candidate Mitt Romney famously said, “Corporations are people, my friend.” It was his response to protestors calling for corporations to be taxed. He argued that corporate employees are taxed based on the their earnings. To him, that counts as the corporations being treated like people. Corporations claim their “personhood” status usually when they’re trying to wriggle their way out of paying for something. It’s a tactic that dates back to the 1800’s. Back then, a railroad company went so [...]
Fraud Reports & Events
Stay at FraudFrenzy.com and follow the latest perpetraitors and scam events all over the world. These are not only ordinary people, but also big companies who are actively involved in fraudulent events and internet scams. We update our news database daily. A well-informed person is a well-protected person. We aim to inform our audience because education is prevention!
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