Prevent Electronic Money Scams

The majority of people work hard for their money, and believe it or not fraudsters are also busy creating new ways of tricking the unsuspecting banking public into divulging critical financial details so that they can eventually steal from them. So the next time you think about your electronic financial technologies and how they have made …

Safeguard Against Money Fraud

Providing your personal information seems to be an everyday occurrence – it’s something we do with every paperless transaction or online order. But do we really know what happens to all that information once we key in the details? Well, the information you put online leaves a digital footprint and this trail can be helpful or hurtful, …

Panhandlers Alleged Fraud – Mother and Daughter Catch Them on Camera

TOPSHAM, Maine (NECN) — When a Maine mother and daughter uncovered what they thought was a fraudulent panhandling scheme, they took a stand. And then, they were allegedly assaulted. “I’m still hurting where he hit me,” said Bonnie Gould. Bonnie, and her daughter Makayla, were having lunch at a McDonalds in Topsham, Maine, over the …

Canada’s Top 10 Scams Earned crooks $1.2B in 2015, Says BBB

Canadians reported losing $61 million to scams in 2015, according to the Better Business Bureau of Canada. But that likely represents only five per cent of the $1.2 billion the BBB estimates Canada’s actually lost to scammers in 2015. […Read More]

WATCH OUT: Crooks Bet on Scamming You Again

“Scammed once, shame on you. Scammed twice, shame on me.” That saying, and those actions, are allowing the next round of con artists a promise to getting their money back. Of course, you have to pay an upfront fee. And of course, it’s another scam. And the victims are usually the elderly, already suffering from a financial …

Is Your Landlord a Fraud?

Landlords have access to our most sensitive financial and personal information — never mind our living space — and yet we usually don’t know much about them. While most landlords are reputable and trustworthy, there are some whose behaviors veer into the fraudulent. Landlord fraud — which in the most general terms refers to a …

Former NBA Player Faces Sentencing in Fraud Case

Former NBA player Tate George is convicted of fraud in what federal prosecutors say was a real estate Ponzi scheme that swindled other current and former players acted as his own attorney Wednesday as he sought to make his case for a lighter sentence. Wearing a green prison jumpsuit and leg shackles and towering over …

True Value International Fraud Awareness Week

Everyone wants to avoid being victim of fraud, but there’s an equally devastating scenario: being the organization responsible for protecting and securing customers’ personal data only to have a fraudster compromise it and use it for personal gain. Organizations that take responsibility for others’ personal information also take on the obligation to ensure no unauthorized …

9 Companies and 44 Individuals Involved in New York Heating Oil Fraud Case

New York City officials reported 9 companies and 44 individuals being indicted after a long-term investigation into widespread fraud in the heating oil business. Manhattan District Attorney Cyrus R. Vance Jr. and other officials announced the indictments Tuesday. […Read More]

Protect Your Money from Banking Fraud

Carrying cash can cost you big time, with the risk of losing that paper money from getting robbed. Similarly, there are risks involved in digital and online banking as well. According to a June report by PricewaterhouseCoopers Pvt. Ltd (PwC), as financial institutions use more digital banking channels, the new technologies make them more susceptible …

Fare Card Fraud Costing CTA $6.5 Million

Fraudulent use of CTA free-ride and reduced-fare cards at rail stations has cost the transit agency almost $6.5 million since a crackdown was launched late last year, but suspicious use of the cards was down more than 20 percent, CTA investigators said Tuesday. The transit agency also has confiscated more than 5,000 cards that unauthorized …

Concert Ticket Fraud

Concert season is in full swing and so are the fraud attacks. Several great performances are taking place in London, including rock band Muse at the Download Festival, Elton John at the Banks’s Stadium in Walsall and Irish singer-songwriter Damien Rice in the grounds of London’s Royal Hospital Chelsea. All of these phenomenal artists really increases tickets …

Mobile Fraud: Time To Start Paying Attention

According to mobile attribution company Apsalar, for every valid in-app purchase (IAP) made in China, there are 273 fraudulent ones.But China isn’t the only place with IAP problems. Taiwan sees 54 fake in-app purchases for every valid one, while Saudi Arabia clocks in at 24.6 and Israel and Hong Kong tie for 18. The digital …

National Cyber Security Awareness Month: Top 4 Cyber Scams

October is known as National Cyber Security Awareness Month and Unlock Your Wealth Radio is highlighting the top four cyber scams that could be affecting your money. Continue reading and become aware of these scams and the fraudsters who are looking to steal your financial and potentially personal information. National Cyber Security Awareness Month Let’s take …

5 Reasons People Fall for Scams and Gotchas

Fraud artists are getting sneaky these days, coming up with tricks of all kinds for people to fall for their scams and gotchas. According to this article from a Yahoo! Finance report, ever since back in 1996, it was pretty easy to steal money from people on the Internet. You put up an item for sale on a site like …