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Authorities confiscate a record $225 million from cryptocurrency investment fraudsters.

Authorities confiscate a record $225 million from cryptocurrency investment fraudsters.

U.S. Law Enforcement Seizes Over $225 Million in Cryptocurrency from Investment Scam U.S. authorities have taken control of more than $225 million in cryptocurrency that was reportedly swindled from numerous American victims, part of a complex investment scam, the Justice Department announced on Wednesday. This action marks the largest seizure linked to these “crypto trust” […]

Fraudsters Employ AI Bots to Mimic Students, Taking Millions in Financial Aid

Fraudsters Employ AI Bots to Mimic Students, Taking Millions in Financial Aid

AI Tactics Fueling New Educational Scams Cybercriminals are employing advanced AI strategies to exploit the higher education system, siphoning off millions through a sophisticated scam. In this latest scheme, fraudsters impersonate students to enroll in online courses and access financial aid. Reports indicate that these criminals use AI-driven bots to pose as students, enrolling in […]

How fraudsters are using AI to take college financial aid

How fraudsters are using AI to take college financial aid

A police officer knocked on Heather Brady’s door while she was napping at her San Francisco home on a Sunday afternoon, which is not very common. The officer informed her about someone using her identity to apply for community college in Arizona, gathering financial aid through fraudulent means. It didn’t stop there; when Brady checked […]

Fraudsters taking advantage of uncertainty around Trump’s tariffs to deceive buyers

Scammers using confusion amid Trump's tariffs to trick consumers

Experts are raising alarms that President Trump’s tariff policies might create opportunities for cybercriminals, scammers, and hackers to exploit confused consumers. While consumers might anticipate higher prices for their goods, they might not fully grasp the specifics of these price hikes. Unscrupulous actors could pose as customs officials, requesting fraudulent tariff-related payments and promoting false […]

FBI alerts about medical fraudsters pretending to be insurance firms in a complex plan.

FBI Issues Warning on Discount Medical Insurance Fraud Be careful out there. The FBI recently cautioned the public about a rising fraud scheme involving discounted medical insurance. This alert, issued on April 30, highlights how widespread the issue has become, resulting in significant financial losses for many across the nation. According to agents, these scams […]

New Jersey deli fraudsters confess to $100m stock scam

Fraudster family A man pleaded guilty Thursday to being behind a $100 million stock manipulation scheme involving a New Jersey deli. Peter Coker Sr., 82, and former fugitive's son Peter Coker Jr., 56, confessed to having helped boost their hometown's stock price. Hometown's only assets for many years were shares in Paulsboro's Your Hometown Deli […]