The recent bust of a massive fraud and money laundering plot highlights one important takeaway for you: Be cautious of who is on the other end of your phone line — especially if they profess to be the IRS.
The Department of Justice stated that 24 defendants have been convicted in connection with a multimillion-dollar fraud scheme in what Attorney General Jeff Sessions declared the “first-ever large-scale, multi-jurisdiction government targeting the India call-center scam industry.”
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Leasing an apartment or single-family residence may appear simpler than purchasing one, particularly when so much of the process is now completely streamlined online.
Simpler, nevertheless, isn’t always safer. More than 43 percent of tenants have found listings that appear false, and more than 5 million have been scammed, often losing thousands of dollars, according to a new statement from Apartment List, a rental listing website.
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https://www.cnbc.com/2018/08/09/ready-to-rent-a-home-beware-of-these-new-scams.html
As times change, so do scams. In an age of smartphones and social media, Chinese schemers are more likely to abandon old methods and use new technology for their swindling business. But apart from new mechanisms and online fraud, there are still scammers who use people’s ignorance and desperation to earn money by simply fooling them on the streets. What’s on Weibo has compiled a list of 10 scams that are recently trending on social media or in China’s newspapers, victimizing hundreds or thousands of people (including tourists) every day.
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https://www.whatsonweibo.com/10-scams-in-china-to-watch-out-for/
KUALA LUMPUR: Officials have fractured an investment scam syndicate based in Kuala Lumpur, but scamming their intended victims in China, with the capture of 99 people at a luxury office near KL Sentral, the largest such bust made thus far.
The prisoners – 93 Chinese nationals and six Malaysians – had been running the syndicate’s call center for several months now.
Bukit Aman Commercial Crime Investigation Dept (CCID) leader Comm Datuk Seri Amar Singh reported a Malaysian “Datuk Seri” in his 40s and a 14-year-old Malaysian youth were two among those arrested.
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Attorney General Andy Beshear issued a new scam alert Thursday after two Kentuckians informed authorities of losing approximately $900,000 this year to scammers ensuring passage to gold markets and millions in financial returns.
Beshear tells a Fayette County citizen recently squandered $420,000 to a con man on Facebook who said “investing” in an international gold market would instantly generate millions of dollars. An Inez resident also “invested” $475,000 with a con artist who insured them gold.
Gold scammers usually lure victims with deceptive selling dialogues, declaring that the valuable metal markets can double and triple in only 30-days and are far less perilous than traditional IRAs, 401(k)s. The scam typically concludes with the victim sending cash to a scammer to purchase gold they never receive.
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Florida continues to be one of the top three states for mortgage application fraud risk. That’s according to Core-Logic’s newest Mortgage Fraud Report. Among the top 25 metro areas, the Tampa Bay area listed eighth in the risk-of-application fraud. Reports say that type of fraud is growing as the lending market shifts from re-financings to purchase loans. New York, New Jersey and Florida remain the top three states for the risk of mortgage fraud, according to the financial services company CoreLogic. Read more at WTXL.
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https://www.floridatrend.com/article/25529/florida-among-top-states-for-mortgage-fraud