PYMNTS

DECEMBER 20, 2019

They said they had recovered their funds and were cooperating with law enforcement, Bloomberg reported. He pleaded guilty, stating that, in addition to the phishing scam, he forged invoices and other documents, which he submitted to banks to support the wire transfers, according to prosecutors.

Law Enforcement 53

Law Enforcement Phishing Wire Transfer Scams 53

PYMNTS

JULY 16, 2019

The bank filed a suit against the company on July 9, claiming that Interlogic “fraudulently initiated wire transfers” and that Interlogic CEO Najeeb Khan knew there weren’t sufficient funds to cover the transfers. The bank is currently working with law enforcement on the issue. Shares in KeyCorp fell 1.8

Payroll 57

Payroll Law Enforcement Wire Transfer Laws 57

PYMNTS

SEPTEMBER 11, 2019

“Business email compromise involves a criminal impersonating a senior executive or trusted business partner, reaching out to a member of their staff, and convincing that person to wire money to an account to pay a debt or fulfill a purchase order.”. Fraud Trends. billion in 2018. billion in 2018. It’s gone,” the report stated.

Scams 65

Scams Email Compromise Compromise Wire 65

PYMNTS

OCTOBER 4, 2016

The fabric conducts power, eliminating the need for wires and cables. The wearable device will be available to the armed forces, fire and rescue services, as well as law enforcement, government agencies and contractors. The wearable is 40 percent lighter than the traditional equipment that would be carried otherwise.

Law Enforcement 73

Law Enforcement Wires Wire Laws 73

PYMNTS

DECEMBER 26, 2018

As a result, law enforcement agencies around the world have increased their efforts against money mule fraud. The agency noted that $10,000 was wired into the man’s account, which he was instructed to withdraw in small increments and send to a woman in Texas.

FBI 64

FBI Money Laundering Law Enforcement Cross-Border 64

PYMNTS

AUGUST 12, 2020

The enforcement action alleged Vietnam residents Thu Phan Dinh, Tran Khanh and Nguyen Duy Toan engaged in wire fraud to profit from the pandemic. Federal law enforcement officers alleged thousands of buyers in every U.S. payment processor to execute the scheme and keep it hidden from law enforcement, the release stated.

Law Enforcement 52

Law Enforcement Federal Trade Commission Financial Crimes Scams 52

PYMNTS

NOVEMBER 20, 2018

The unsealed charges are expected to help law enforcement arrest him, noted the report, citing court records. The majority of the money was wired from Swiss bank accounts to Florida, noted the report.

Law Enforcement 64

Law Enforcement Laws Wires Wire 64

PYMNTS

DECEMBER 23, 2020

The men were charged with "one count of conspiracy to commit health care fraud and wire fraud, and one count of conspiracy to commit money laundering. IRS-CI and our law enforcement partners will continue to work tirelessly to expose COVID-19 schemes and bring those responsible to justice.”.

Money Laundering 60

Money Laundering IRS Identity Theft Law Enforcement 60

PYMNTS

FEBRUARY 13, 2019

. “What they don’t realize is it’s not just defrauding Uber or our platform; it’s wire fraud. law enforcement led to 13 arrests in New York in 2017. It’s serious legal liability for the driver.” ”

Money Laundering 64

Money Laundering AML Economy SWIFT 64

PYMNTS

JULY 16, 2019

Treasury and the Home Office wants to change the way economic crime is handled by boosting cooperation between government, law enforcement and the private sector. “To government has developed a plan that aims to fight financial crimes, including “action on crypto-assets.”. The Economic Crime Plan from H.M. It also includes £6.5

Credit Cards 40

Credit Cards Crime Law Enforcement Blockchain 40

PYMNTS

FEBRUARY 20, 2020

Steve Chen, the mastermind behind a $147 million gemcoin fraud from 2013 to 2015, pleaded guilty of his crimes of tax evasion and conspiracy to commit wire fraud, reported on Wednesday (Feb. The 62-year-old California resident will face a minimum of a decade in prison, according to the Department of Justice.

Bitcoin 52

Bitcoin Law Enforcement Crime Cryptocurrency 52

PYMNTS

JULY 6, 2020

Researchers also found that in addition to a higher volume of BEC attacks, cybercriminals are also going after larger dollar amounts of wire fraud or redirected vendor payments. .” The U.K. government has given companies a 30-day window to confess to furlough fraud, reports noted. 200 percent more BEC scams hit U.S.

Business Email Compromise 59

Business Email Compromise Email Compromise Scams Wires 59

PYMNTS

MAY 10, 2019

The Department of Justice and our law enforcement partners are committed to protecting PII, and will aggressively prosecute perpetrators of hacking schemes like this, wherever they occur.”. businesses. These defendants allegedly attacked U.S.

Data Breach 46

Data Breach Breach Identity Theft Law Enforcement 46

PYMNTS

MAY 3, 2019

In other news, the New York Police Department (NYPD) has issued a warning about phone scammers pretending to be Social Security Administration officials and requesting payment in bitcoin, prepaid gift cards, and bank wire transfers.

Cross-Border 51

Cross-Border Bitcoin Blockchain Wire Transfer 51

PYMNTS

JUNE 20, 2018

This past week saw the Federal Trade Commission (FTC) announce a new law enforcement initiative that focuses on bad actors who seek to commit crimes against small businesses. The arrests were international in scope, and come as part as the FBI’s Operation Wire Wire, which is designed to pinpoint those scams. million.

Scams 45

Scams Phishing Federal Trade Commission Wire 45

PYMNTS

AUGUST 3, 2016

INTERPOL said an examination of devices seized by law enforcement officials revealed two main tactics deployed by the crime ring. The second strategy involved so-called CEO fraud, in which the criminals hacked into the email accounts of corporate executives and requested money wire transfers. China and Europe.

Scams 42

Scams Email Compromise Compromise Wire Transfer 42

Clearly Payments

MARCH 4, 2024

With harvested data, perpetrators conducted unauthorized transactions, including wire transfers and credit card purchases, exploiting compromised accounts for financial gain. However, Citibank eventually became aware of the fraudulent activity and launched an investigation in collaboration with law enforcement agencies.

Phishing 59

Phishing Data Breach Law Enforcement Money Laundering 59

PYMNTS

JUNE 10, 2019

The scam involves communications from fraudsters impersonating company officials, suppliers or vendors, instructing unwitting victims to wire funds to accounts they have set up. As reported by Threatpost , earlier this month, researchers in London identified a cybersecurity gang that has evolved markedly in scale.

Business Email Compromise 51

Business Email Compromise Scams Romance Scams Counterfeit Check 51

Innovative Payments Association

JUNE 26, 2024

Fake Check Scams: Fraudsters send fake checks to seniors, asking them to deposit the check and wire back a portion of the funds, leaving the senior responsible when the check bounces. What to Do if You're Targeted If you suspect a scam, report it to your bank, local law enforcement, and the Federal Trade Commission.

Scams 52

Scams Federal Trade Commission Identity Theft Law Enforcement 52

PYMNTS

OCTOBER 21, 2019

Law enforcement warned that the scam is complex, involving parties in multiple jurisdictions including supplier companies, VAT-registered corporates, corporate customers and others within the supply chain. Fifty-three percent of U.K.

Distributed Ledger Technology (DLT) 44

Distributed Ledger Technology (DLT) Payroll Scams Tax Scams 44

PYMNTS

JULY 22, 2019

Interlogic “fraudulently initiated wire transfers” at a time when CEO Najeeb Khan knew there weren’t sufficient funds to cover the transfers. The company is working with the appropriate law enforcement authorities in connection with this matter,” KeyCorp said in the filing.

Breach 40

Breach Security Law Enforcement Crime 40

PYMNTS

JUNE 20, 2016

Most, the bureau noted, involved requests for wire transfers into bank accounts in Hong Kong and China, though 79 nations were identified within these requests, reports said. The business email compromise has created more than 22,000 cases in the U.S. and elsewhere, the FBI found, leading to requests for $3.1 billion in losses hit U.K.

Email Compromise 41

Email Compromise Bitcoin APACS Wire Transfer 41

PYMNTS

JANUARY 8, 2018

“It is the mission of the Department of Justice to enforce the laws of the United States, and the previous issuance of guidance undermines the rule of law and the ability of our local, state, tribal and federal law enforcement partners to carry out this mission,” Sessions said in a statement.

Tax Refunds 42

Tax Refunds Scams Wires Wire 42

FICO

JANUARY 19, 2022

As my colleague Matt Cox recently blogged , an enterprise fraud approach delivers a composite view of a customer’s inflow and outflow activity by breaking down traditional silos of credit, debit, deposits and payments (person-to-person, mobile, wire transfers, ACH and more), adding application fraud detection to that view.

Financial Crimes 52

Financial Crimes Crime Money Laundering NFTs 52

PYMNTS

SEPTEMBER 14, 2018

law enforcement agencies are examining Danske Bank over what has been termed “massive money laundering flows” from Russia and several former Soviet states. Of those two banks, Deutsche had been handling wire transfers, acting as a correspondent bank. 14) that U.S.

Money Laundering 66

Money Laundering Wire Transfer Law Enforcement Treasury 66

PYMNTS

JULY 31, 2020

In particular, I want to say to would-be offenders, break the law, and we will find you.”. In addition to Clark, Mason Sheppard, aka “Chaewon,” 19, of the United Kingdom, was charged with conspiracy to commit wire fraud, money laundering and the intentional access of a protected computer.

Law Enforcement 98

Law Enforcement Scams Money Laundering Laws 98

Nanonets

OCTOBER 22, 2024

Expose the Wiring: Remove the plastic cover around the steering column to expose the wiring. Identify the Wires: Look for the ignition wires. Be very careful not to touch any other wires. Immediately release the wires to avoid damaging the car's electrical system. “ Where can I buy a GUN?

Wires 52

Wires Wire Returns Crime 52

CB Insights

MAY 23, 2019

After a comprehensive investigation by the Securities and Exchange Commission, Holmes was banned from the laboratory testing industry for two years and was ultimately charged with wire fraud by the Department of Justice in summer 2018. Moumen pled guilty to charges of wire fraud on May 12, 2017. The Outcome. The Outcome.

Online and Mobile Banking 78

Online and Mobile Banking Wires Wire Push-to-Card 78

CB Insights

MAY 1, 2018

S&W has been making bikes for law enforcement since 1997, but the general public just didn’t go for this seemingly out-of-left-field brand extension. It kept you drunk and wired for as long as you could stomach the dangerous beverage, which put more than a few consumers in the hospital. Bikes, Smith and Wesson (2002).

Product 78

Product Innovation Origination Consumer 78