An integral aspect of the retail cycle, returns have surged in recent years with the growth of online channels. However, accompanying this increase in returns is a concerning trend: the escalation of returns fraud and policy abuse. According to a report by the National Retail Federation (NRF), retailers encountered various forms of return fraud in the past year. Among […]
The dealer is accused of everything from adding on junk fees to falsifying data on credit applications
EYEWITNESS NEWS (WBRE/WYOU) — Police are searching for searching for three suspects who allegedly stole a credit card and used it at Walmart. The South Abington Township Police are asking for help with information regarding the identity of the individuals caught on camera. The suspects stole a credit card in South Abington Township and used []
While digital identities incorporate various data points such as name, email and physical address, phone numbers are swiftly emerging as the predominant means of identification. Data from digital identity platform iconectiv underscores this trend, revealing that mobile phones serve as the primary identifier for roughly 3 billion individuals globally. As a result, businesses frequently turn to phone […]
A massive rise in attacks on the country’s digital banking ecosystem from fraudsters, coupled with regulatory pressure on stringent implementation of customer verification guidelines, has forced legacy financial institutions to turn to data analytics startups for tech support.These startups are using advanced technology to help strengthen the customer onboarding processes of financial institutions and help them manage risk.One of such startups is Mumbai-based Data Sutram, which is providing...
The prospective American owners of Everton, 777 Partners, are embroiled in a massive fraud investigation. Amidst a months-long takeover attempt for Premier League club Everton, their financial situation has come under scrutiny. To make matters worse, the Miami-based investment firm's effort to acquire the Toffees has hit yet another roadblock. One of 777 Partners' lenders The prospective American owners of Everton, 777 Partners, are embroiled in a massive fraud investigation. Amidst a...
An accounting firm that handled former President Donald Trump's social media company has been accused of "massive fraud" and shut down by the U.S. Securities and Exchange Commission (SEC).Gurbir Grewal, director of the SEC's enforcement division, called BF Borgers a "sham audit mill" in a press release on Friday. The firm is accused of "deliberate and systemic failures" in independent audits and reviews that were later included in more than 1,500 SEC filings for public companies from January...
PENN YAN, N.Y. (WETM) – A Penn Yan woman has been arrested on welfare fraud and theft charges after she allegedly filed false documents to the Department of Social Services. According to the Yates County Sheriff's Office, Kelly Dunning, 40, was arrested on Thursday, May 2, after an investigation revealed that she had received over []
BF Borgers, Trump Media & Technology Group’s independent accounting firm, was charged by the Securities and Exchange Commission on Friday with widespread fraud impacting more than 1,500 filings. The SEC made no allegation of wrongdoing against Trump Media, which is not mentioned in the charges from the regulator. The SEC accused BF Borgers of “deliberate and systemic failures,” including “fabricating” audit documentation and falsely representing to clients its work would comply with accounting...
By establishing clear guidelines and protocols for identifying and reporting fraud and enforcing stringent penalties for violations, we can create a more secure and trustworthy advertising ecosystem.
Seniors in Hawaii over 60 years of age lost nearly $28 million last year to fraud schemes targeting older Americans’ money or cryptocurrency, according to the Federal Bureau of Investigation.
Fraud targeting older Americans’ money or cryptocurrency increased by double-digit percentages in 2023. The number of complaints of elder fraud increased by 14% during the year, while the associated losses rose by 11%, the FBI’s Internet Crime Complaint Center (IC3) said in a Tuesday (April 30) press release. Individuals 60 years and older reported 101,068 of these scams in […]