All news with #scammer tag

💼 U.S. prosecutors charged two New York residents, Zhuoying Chen and Haojie Zhang, for operating a money-laundering network that moved at least $43 million stolen in investment fraud schemes between 2020 and 2022. The indictment alleges they used roughly 45 shell companies and 140 bank accounts to funnel proceeds to China while coordinating a network of over a dozen associates. Authorities say the scams used social media and fake profiles to lure victims and show fabricated profits to induce further investments. If convicted of conspiracy to commit money laundering, both face up to 20 years in prison.

🔍 The Dutch Police announced arrests tied to an international investment fraud operation that ran multiple call centers and posed as financial advisers. Authorities say the organization generated over €100 million per month at its peak, targeted victims with fake trading dashboards, and persuaded them to transfer cryptocurrencies. The main suspect, a 46-year-old Israeli-Polish national with an alleged history of hacking, was arrested in Poland and extradited to the Netherlands. Additional arrests took place in Cyprus, Greece, and Belgium as investigations continue.

🧭Researchers uncovered 212 domains registered within five days of the Venezuela earthquake, many claiming to offer aid, donations, or rescue services. While some registrations may be legitimate, 93% hid registrant contact details and several solicit Bitcoin with no verifiable accountability. The pattern mirrors past disaster-driven scams; donors are advised to use known charity sites and avoid new or crypto-only donation pages.

🛡️ The FBI warns that cryptocurrency investment scammers are using in-person couriers to bypass banking controls and collect cash from victims. A July 15 PSA notes that fraudsters instruct victims to withdraw funds for supposed fines or flagged accounts, authenticate couriers with bill serial numbers or passwords, and then repeat the scheme by demanding “taxes” or penalties. Victims are often targeted via social media, unsolicited texts, or fake investment personas.

🛡️ The FBI warned that criminals are using couriers to collect cash from victims of cryptocurrency investment scams, often after banks block suspicious transfers. Scammers build trust through social media or dating platforms, then instruct victims to hand over money to couriers who authenticate with passwords or dollar bill serial numbers. Victims are then shown fake wallet increases and pressured for more funds for alleged taxes or penalties. The FBI urges due diligence on crypto platforms, avoiding cash deliveries, and immediate reporting of incidents.

📩 Kaspersky examines how everyday messaging channels like SMS, WhatsApp, and email are being exploited by organized scam cartels that use speed, familiarity, and AI to trick victims. The research shows average losses of $733 per victim, rapid attack timelines often under 30 minutes, and widespread emotional damage eroding trust in digital communications. The post highlights common schemes, platform distribution, and recommendations to protect yourself.

🛑 The FBI warns Americans lost more than $388 million in 2025 to scams that leverage cryptocurrency kiosks, commonly called crypto or Bitcoin ATMs. These standalone terminals, often located at gas stations and convenience stores, were used to transfer victims' cash to attacker-controlled wallets, with complaints up 23% and losses up 58% year‑over‑year. The IC3 received over 13,400 kiosk-related complaints and noted adults over 50 suffered a disproportionate share of losses. The bureau recommends verifying callers, refusing QR/payment instructions from unknown individuals, and preserving transaction receipts.

🔍 Sri Lankan police arrested 37 people, all Chinese nationals, on 2 May after raiding a property in Talangama, a Colombo suburb, following a tip-off. Officers seized 35 tablets, 147 mobile phones and 100 SIM cards and say several occupants were working illegally or overstaying visas. Authorities suspect romance-baiting operations that groom victims online and funnel them into fake cryptocurrency investment platforms. The arrests follow earlier large detentions and deportations tied to similar scam centres.

🔍 ESET Research uncovered a cluster of fraudulent Android apps, dubbed CallPhantom, that promised call histories, SMS records and WhatsApp logs for any phone number but delivered fabricated entries and charged users for access. The apps collectively amassed over 7.3 million downloads on Google Play before ESET reported them on 16 December 2025 and the identified packages were removed. Operators used varied payment flows—official Play subscriptions, third‑party UPI links and embedded card checkouts—making refunds and cancellations difficult for many victims.

🚨 Dubai-led authorities shut down nine cryptocurrency investment fraud centers and arrested 276 suspects in a coordinated international operation. Investigators said the networks ran pig-butchering (romance baiting) schemes that built trust with victims and pushed them to fake crypto platforms where funds were quickly seized and laundered. Several individuals now face wire fraud and money-laundering charges, and U.S. agencies linked millions in losses through FBI IC3 complaints.

🔎 Europol announced arrests and seizures after a two‑year probe into professionalised Albanian scam call centres that ran an investment fraud operation estimated to have cost victims at least €50m. Authorities arrested 10 suspects and searched three call centres and nine homes, seizing nearly €900,000, 443 computers, 238 mobile phones and multiple storage devices. Victims were lured via misleading ads and pressured by retention agents posing as investment advisors.

📢 The FTC reports Americans lost more than $2.1 billion to social media scams in 2025, an eightfold increase since 2020. Facebook accounted for the largest share of reported losses across most age groups, while WhatsApp and Instagram trailed. The agency warns scammers exploit hacked accounts, targeted posts, and paid ads to reach victims at scale. Meta removed millions of scam ads and accounts and rolled out new warnings and protections.

🔒 The US Treasury's Office of Foreign Assets Control (OFAC) has designated Senator Kok An and 28 other individuals and entities accused of running a Cambodian network that orchestrated large-scale cryptocurrency fraud. Authorities say scammers operated from compounds embedded in casinos and commercial buildings, using romance lures and fake investment platforms to steal digital assets. The sanctions freeze US-linked assets and bar transactions by US persons to disrupt the network's financial and operational infrastructure.

🔒 Operation Atlantic, led by the UK's National Crime Agency with US and Canadian partners, froze $12m and disrupted multiple fraud networks after a week-long probe. The operation focused on approval phishing, a technique that tricks victims into granting full access to cryptocurrency wallets via fake alerts or popups. Investigators, supported by private-sector firms including Binance, Coinbase, Tether, and analytics vendors, identified over 20,000 compromised wallets across 30+ countries and contacted 3,000 victims. Authorities also disrupted more than 120 scam domains and flagged an additional $33m believed stolen in related crypto fraud.

🔒 An international law enforcement action led by the U.K.'s National Crime Agency, dubbed Operation Atlantic, identified over 20,000 victims of cryptocurrency fraud across Canada, the UK, and the US. The weeklong operation brought together the NCA, U.S. Secret Service, Ontario authorities and private-sector partners to share real-time intelligence and conduct coordinated victim outreach. Investigators froze more than $12 million in suspected criminal proceeds tied to approval phishing and traced over $45 million in stolen cryptocurrency, and they will continue analyzing intelligence to pursue further criminal activity.

⚠️Recovery fraud preys on people already defrauded, with criminals posing as recovery firms, regulators or law enforcement to charge upfront fees or collect bank and crypto details. Scammers often use 'sucker lists' to identify vulnerable victims and pressure them into untraceable payments or rushed decisions. Never pay fees in advance; verify claims independently and report incidents to the appropriate authorities.

🔒 Cambodia has enacted the Law on Combating Online Scams, effective immediately, imposing steep penalties for organisers of scam compounds. The law threatens ringleaders with 5–10 years imprisonment and fines up to $250,000, escalating to 10–20 years and larger fines where violence, forced labour, or trafficking are involved. It also shields coerced victims from prosecution.

⚖️ Saheed Sunday Owolabi, 35, was sentenced to 15 years in a U.S. federal prison after a jury convicted him of conspiracy to commit wire fraud and money laundering. Prosecutors described how he posed as women online to cultivate romantic relationships, then persuaded victims to transfer funds and provided bank accounts used to launder proceeds—more than $1.5 million sent to Nigeria. Chat logs showing he had attempted to swindle another fraudster undermined his claim of being a mere middleman, and images recovered from his phone displayed luxury purchases made with stolen funds.

🚫 The UK’s Foreign, Commonwealth and Development Office has sanctioned Xinbi, a Chinese-language marketplace accused of selling stolen personal data and satellite internet equipment to Southeast Asian scam networks and assisting North Korean actors with cryptocurrency laundering. Chainalysis links Xinbi to over $19.9 billion in transactions from 2021–2025. The measures also target #8 Park and operator Legend Innovation Co, aiming to sever Xinbi from legitimate crypto services and disrupt payments to scam centers.

🔍 Flare's analysis of fraud-focused communities reveals an organized underground market selling refund methods, tutorials, and operational services that exploit retailer and payment-provider workflows. Actors advertise step-by-step techniques—such as refund without return, chargeback abuse, goods swapping, and empty-box returns—while offering operators on commission. High-volume targets include Amazon, PayPal, Apple, and major retailers; tutorials typically sell for $50–$300. Researchers urge stronger intelligence sharing, refined controls, and continuous monitoring to close operational gaps.