They call it “pig butchering.” A scammer spends time getting their victim’s confidence and trust to convince them to set up cryptocurrency accounts in an effort to eventually steal their assets. And as the U.S. Consumer Finance Protection Bureau said Thursday (Nov. 10), it’s one...
Amazon is cooperating with the Federal Trade Commission’s (FTC’s) fraud investigation into Sellers Playbook. The FTC and the State of Minnesota have charged Minnesota-based Sellers Playbook with running a large business opportunity scheme. A federal court temporarily stopped the operation until the case is resolved....
The Trump administration has created a new task force that will focus on protecting consumers from one of the biggest fraud threats: crypto coins. Bloomberg noted that a focus of the panel, announced on Wednesday (July 11), will be on the scams involving bitcoin and other virtual...
There’s a lot of money in stolen credit cards. Fraud magnate Bern Ersell declined to tell PYMNTS exactly how much, but he did give a virtual tour of his international fraud syndicate. The tour ran the gamut: risk estimation, revenue forecasts, investors, partners, scaling, bad...
August 16, 2017
There’s a lot of money in stolen credit cards. Fraud magnate Bern Ersell declined to tell PYMNTS exactly how much, but he did give a virtual tour of his international fraud syndicate. The tour ran the gamut: risk estimation, revenue forecasts, investors, partners, scaling, bad employees and honor among thieves. But the most surprising thing […]
January 30, 2023
When scammers took in $1.2 million from small businesses and nonprofits, the FTC acted. Because the Federal Trade Commission (FTC) is not authorized to bring criminal law enforcement actions, its Bureau of Consumer Protection’s Criminal Liaison Unit (BCP CLU) worked with Assistant U.S. Attorney Katherine Kopita of the Northern District of New York to prosecute […]
November 10, 2022
They call it “pig butchering.” A scammer spends time getting their victim’s confidence and trust to convince them to set up cryptocurrency accounts in an effort to eventually steal their...
August 08, 2018
Amazon is cooperating with the Federal Trade Commission’s (FTC’s) fraud investigation into Sellers Playbook. The FTC and the State of Minnesota have charged Minnesota-based Sellers Playbook with running a large...
July 12, 2018
The Trump administration has created a new task force that will focus on protecting consumers from one of the biggest fraud threats: crypto coins. Bloomberg noted that a focus of the panel,...
