Fraud Alert! Phishing scams see a dramatic increase.

We have some really fascinating phishing info to show you, but first you need to know what phishing is, how it functions and how to protect yourself from it. Many will already be aware of what phishing is and a small minority will have already acted to tackle this growing issue. Phishing is now [...]

Will their multi billion $$$ fraud schemes crash Deutsche Bank (DB) through the “too big to fail” myth?

The United Kingdom’s Financial Conduct Authority and the US Government recently declared (another) high penalty on the biggest money laundering scheme exposed so far in recent years. Deutsche Bank has agreed to pay over $600m in penalties for enabling an estimated $20 billion in this Russian money laundering scam. All down to a failure [...]

NY Mortgage services provider convicted of $38 million fraud conspiracy.

New York-based mortgage elimination company owner Jacqueline Graham was convicted of participating in a conspiracy. This conspiracy included bank fraud, wire fraud, and mail fraud. The targets of the scheme was homeowners with problem mortgages. All this went down during the deep crisis in the housing market. The money charging various fees from the [...]

Georgia real estate investor to serve 16 months in prison for bid rigging foreclosure auctions.

A real estate investor from Georgia indicted for bid rigging has received a sentence.  His name is Douglas L. Purdy and he will serve 16 months in jail. According to the indictment papers, he was a part of a plan to rig foreclosure auctions. These auctions had locations in different parts of Georgia including [...]

The emerging consumer frauds of the US-Mexico Border “Crisis”

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 [...]

Former CEO of virtual reality company pleads guilty to securities fraud.

The former head of a virtual reality company pleaded guilty to securities fraud in June 2018. Neil Chandran was a past CEO of the  Sungame company. Through this company, Chandran conducted a scheme to steal millions from investors. He did this through the sale of computer tablets valued at $1,000. The perpetraitor told victims [...]

Salt Lake City fraud recidivist gets 7 year prison sentence for $9m Telemarketing scam.

In July 2018, a career criminal from Utah received an additional seven year prison sentence. This time for a telemarketing scam. The perpetraitor, Chad Gettel, created a scam that affected more than 10,000 people. According to prosecutors, these victims suffered losses of about $9 million. Gettel was already serving prison time for a mortgage [...]

Elderly Dutch couple arrested for $47 million tax fraud exposed by Panama Papers.

Dutch authorities arrested an elderly couple in October 2017. The names of the perpetraitors are Herman van O and Chun L . Tax fraud, money laundering, forgery and illegal banking were the reasons behind the couple's arrest. Their crimes involved over €41 million (about $47 million) total. The arrest occurred at the couple's home [...]

Three UK financial advisers exposed in Panama Papers arrested for $171 million tax fraud.

A large investigation in the UK resulted in the arrest of 3 financial advisers on July 21, 2016. The arrests came as a part of a raid by the UK's HM Revenue & Customs (HMRC) authority. The perpetraitors arrest was for tax fraud. The search for the fraudsters required more than 30 officers from [...]

Italian fugitive from justice and tax fraudster arrested in Ukraine after three years on the run.

Black Sea Port police in Ukraine arrested Giuseppe Donaldo Nicosia in 2017. Nicosia is an Italian fugitive who was on the run for three years. He was on the run for stealing money and tax fraud. His crimes came to light during the Panama Papers scandal of 2016. This scandal revealed how many wealthy [...]