Fraud News and Scam Events
Reports about deceitful individuals and companies.
Educational prevention information about scam events around the globe!
In this section, you will find some of the newest fraudulent events currently happening around the globe. Follow Fraud Frenzy daily to see latest fraud news and scams to prevent some of these events from happening to you and your family! Message us if you hear about fraud happening near you so that we can alert others. Stay informed because the only thing that can save us from fraud is our awareness of it!
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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 a part of your online [...]
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 to engage in any security [...]
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 clients looking for help with [...]
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 cities of Alpharetta, Cumming, [...]
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 [...]
A federal jury in Boston convicted a former State Street executive of hidden fee fraud. State Street is a financial services and bank holding company. The perpetraitor's name is Ross McLellan. As a part of this scheme, he helped defraud account holders out of billions. McLellan was the executive vice president for State Street when he ran the hidden [...]
“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 [...]
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 that the computer tablets showed [...]
We are here to inform you with the latest fraudulent news and scam events around the world. Our goal is to keep you well informed and aware of what can happen to you or your family and friends. Fraud Frenzy follows closely world famous brands caught in cheating and everyday regular theives. Keeping our readers up to date with the latest frauds and scams is our top priority! Our news section is 100% factual. You can browse for scams by category or date.
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Written by David Tracey.