Fraud News2019-02-19T17:23:31+00:00

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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1607, 2019

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

Blog, Fraud News, front news|

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, [...]

1207, 2019

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

Blog, Editorial, Fraud News, Fraud Prevention, front news|

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 [...]

1007, 2019

State Street executive defrauded customers out of billions with hidden fees.

Blog, Fraud News, Fraud Prevention|

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 [...]

407, 2019

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

Editorial, Fraud News|

“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 [...]

1506, 2019

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

Fraud News, front news, Uncategorized|

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 [...]

1803, 2019

Man pleads guilty to wire and money laundering in massive and indiscriminate affinity fraud scheme.

Blog, Fraud News|

A man from Utah received 36 months in prison for wire fraud and money laundering. This crime was affiliated  with an affinity fraud scheme. This type of fraud affects members of a certain group and is normally run by someone pretending to be a part of that group. The perpetraitor's name is Ronald Wayne Leavitt. As a part of [...]

1403, 2019

Former pastor who defrauded the elderly of $23m gets 68 year prison sentence.

Blog, Fraud News|

A former Texas pastor stole $23 million from the elderly through investment fraud. The perpetraitor, Timothy Lloyd Booth committed this fraud between 2014 and 2016. Before he became a full time scammer, Booth was the pastor of Way of Grace church in McKinney, Texas. Way of Grace closed its doors in 2016. During the case investigation, law enforcement officials [...]

1103, 2019

“Godfather of Payday Lending” sentenced to prison for multiple frauds.

Blog, Fraud News|

A man from Jenkintown will serve 37 months in prison for a racketeering scheme. The operator of the scheme was Adrian Rubin who conned victims with a payday lending business. This business was fraudulent and "violated the usury laws of Pennsylvania,” states US attorney, Zane David Memeger. Between 1998 and 2012 Rubin gave victims short term loans known as [...]

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.

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