All news with #scammer tag

🚨The U.S. Department of Justice, U.S. Attorney's Office, FBI and Secret Service have created the Scam Center Strike Force to disrupt Chinese-operated cryptocurrency scam networks that reportedly steal nearly $10 billion from Americans annually. The team focuses on tracing illicit funds, seizing cryptocurrency and coordinating international partners to dismantle scam infrastructure based in Southeast Asia. Authorities say many operations run from criminal compounds where workers are victims of trafficking. More than $401 million in crypto has already been seized and additional forfeiture actions are underway.

🔎 Europol and Eurojust led a coordinated sweep from October 27–29 across Cyprus, Spain, and Germany that resulted in nine arrests tied to a cryptocurrency money‑laundering network accused of defrauding victims of €600 million (~$688 million). Authorities executed searches and seized €800,000 ($918,000) in bank funds, €415,000 ($476,000) in cryptocurrencies, and €300,000 ($344,000) in cash. Investigators say the group created dozens of fake crypto investment platforms and lured victims via social media ads, cold calls, fake news articles, and fraudulent celebrity testimonials. The scheme laundered proceeds using blockchain techniques and was disrupted after victim complaints spurred a cross‑border investigation.

🔍An international cryptocurrency investment and money‑laundering network has been dismantled in Europe after coordinated operations by French, Belgian and Cypriot authorities. Nine suspects were arrested across Cyprus, Germany and Spain between October 27 and 30, and investigators seized roughly €1.6m in cash, bank funds, crypto wallets and luxury items. French prosecutors say the group ran dozens of fake trading platforms and used social media, phone calls and sponsored fake news to target hundreds of victims, laundering at least $700m in crypto proceeds.

🔎 European authorities arrested nine suspected money launderers tied to a crypto investment fraud ring that stole over €600 million from victims across multiple countries. The coordinated raids on October 27 and 29 in Cyprus, Spain and Germany were led by Eurojust from The Hague. Investigators seized €800,000 in bank accounts, €415,000 in cryptocurrencies and €300,000 in cash. The suspects allegedly used dozens of fake investment platforms and social engineering — including social media ads, cold calls, fake news and celebrity testimonials — to recruit victims and then laundered proceeds using blockchain tools.

🔒 Android applies layered Google AI to anticipate and block mobile scams before they reach users. Built-in protections—such as Google Messages spam filtering and on-device Scam Detection, plus Phone by Google automatic call blocking and Call Screen—identify conversational scam patterns and surface real-time warnings. Android blocks over 10 billion suspected malicious calls and messages monthly and recently stopped more than 100 million suspicious numbers from using RCS. Protections are ephemeral, on-device where possible, and continuously updated to adapt to evolving threats.

📱 Google says built-in scam defenses on Android prevent more than 10 billion suspected malicious calls and messages every month and have blocked over 100 million suspicious numbers from using RCS. The company uses on-device artificial intelligence to filter likely spam into the "spam & blocked" folder in Google Messages and recently rolled out safer link warnings for flagged messages. Analysis of user reports in August 2025 identified employment fraud as the most common scam type, while scammers increasingly employ group-message tactics and time-of-day scheduling to increase success rates.

⚠️ The UK Information Commissioner’s Office fined sole trader Bharat Singh Chand £200,000 after he sent 966,449 unsolicited spam texts promoting fake debt relief and purported energy-saving grants between December 2023 and July 2024. Many recipients were already in financial hardship and were induced to reply, then contacted by callers posing as 'The Debt Relief Team'. The campaign used a SIM farm, false business names and unregistered numbers, generated 19,138 complaints, and Chand has appealed.

🔒Elder fraud is rising sharply: in 2024 Americans aged 60+ reported nearly $4.9 billion lost to online scams, with an average loss of about $83,000 per victim. Effective protection pairs ongoing, shame-free family communication with practical technical measures and a clear remediation plan. Teach relatives to use a password manager, enable two-factor authentication, block popups and robocalls, keep devices updated, and verify any urgent financial request before acting.

🔍 Cybersecurity researchers have uncovered a large-scale investment scam that impersonated Singapore’s top officials, including Prime Minister Lawrence Wong and Minister K Shanmugam, to promote a fraudulent forex platform. The campaign used verified Google Ads, hundreds of fake news domains and deepfake videos, funneling victims through multiple redirects to a Mauritius-registered trading site. Group-IB reported advanced evasion techniques and localized targeting to show scam pages only to Singaporean users, pressuring many to invest and then blocking withdrawals.

🪙Cryptocurrency ATMs are being used as vectors for fraud and exploitation, with operators charging steep, often opaque fees that compound victims’ losses. Scammers frequently direct victims to ATMs to purchase crypto on their behalf, effectively outsourcing the money transfer while the ATM companies continue to profit. At best, operators appear indifferent to the harm caused; regulators and industry participants need clearer accountability and consumer protections to address these systemic issues.

🛡️The UK and US have jointly sanctioned a transnational network accused of operating scam centres across Southeast Asia, immediately freezing businesses and UK properties linked to the group. Targets include Prince Group, its chairman Chen Zhi, and proxy firms such as Jin Bei Group, Golden Fortune Resorts World Ltd and crypto platform Byex Exchange. Investigations by the UK FCDO and US OFAC allege victims were lured by fake job adverts, forced to perpetrate online fraud under threat of torture, and that proceeds were laundered via front companies, casinos and crypto services.

⚠️ Generative AI is enabling scammers to produce highly convincing deepfakes, authentic-looking phishing sites, and automated voice bots that facilitate fraud and impersonation. Kaspersky explains how techniques such as AI-driven catfishing and “pig butchering” scale emotional manipulation, while browser AI agents and automated callers can inadvertently vouch for or even complete fraudulent transactions. The post recommends concrete defenses: verify contacts through separate channels, refuse to share codes or card numbers, request live verification during calls, limit AI agent permissions, and use reliable security tools with link‑checking.

🛡️ Interpol-led Operation Contender 3.0 swept through 14 African countries between 28 July and 11 August 2025, targeting romance scams and sextortion networks and resulting in 260 arrests. Law enforcement, aided by private firms Group-IB and Trend Micro, seized 1,235 electronic devices and took down 81 cybercrime infrastructures. Investigations in Ghana, Senegal, Côte d’Ivoire and Angola identified 1,463 victims and estimated losses near $2.8 million.

🔍 A Eurojust-coordinated joint action day led to the arrest of five suspects, including the alleged mastermind of a cryptocurrency investment fraud that reportedly seized €100m from victims across 23 countries. Authorities say the multi-year scheme, active since at least 2018, used professionally designed websites to promise high returns and then demanded additional fees to process withdrawals before sites went offline. Europol provided operational and analytical support while the joint investigation team helped coordinate cross-border activity.

🛑 Eurojust coordinated the arrest of five suspects tied to an elaborate online investment fraud that stole more than €100 million from over 100 victims across France, Germany, Italy and Spain. Searches and asset freezes were carried out in Spain, Portugal, Italy, Romania and Bulgaria, and investigators say funds were laundered via Lithuanian bank accounts. Victims were charged extra withdrawal fees before the platform disappeared.

⚠️ The FBI warns that cybercriminals are creating spoofed versions of the Internet Crime Complaint Center (IC3) website to harvest personally identifiable information and facilitate financial scams. The agency noted over 100 reports between December 2023 and February 2025 prompting a public service announcement and flagged domains that mimic ic3.gov. Users are advised to type www.ic3.gov directly, avoid sponsored search results, never share sensitive data, and remember the FBI will never ask for payment to recover funds.

⚠️ The FBI and its Internet Crime Complaint Center (IC3) warn that seniors are being targeted by a three‑phase “Phantom Hacker” scam that combines tech‑support, financial‑institution, and U.S. government impersonations to extract life savings. Scammers typically gain trust by convincing victims to grant remote access, then prompt transfers via wire, cash, or cryptocurrency to purportedly secure accounts. The IC3 reports substantial losses—an average of US $83,000 per victim—and urges people not to allow remote access, download unsolicited software, or transfer funds at the request of unknown callers.

🔍 A surge of polished scam gambling sites has been traced to a Russian affiliate program called Gambler Panel, which provides a turnkey "fake casino" engine, marketing templates, and step-by-step fraud guides. Ads promise $2,500 promo credits and lure users into making ~$100 cryptocurrency "verification" deposits that are then milked through pressured wagering. The program touts up to 70% revenue shares, a large affiliate base, and a Telegram vetting channel.

🔒 Several cryptocurrency firms, including Chainalysis, Binance, OKX and stablecoin issuer Tether, collaborated to block $46.9m in USDT tied to a Southeast Asia-based romance baiting (pig butchering) operation. Chainalysis traced payments from hundreds of victim wallets into five collector wallets and a consolidation address before funds were moved to intermediary accounts. At the direction of an APAC law enforcement agency, Tether froze the assets in June 2024, preventing those proceeds from reaching scammers.

🔍 Fraudsters are promoting hundreds of polished fake gaming sites across Discord and other social platforms, falsely claiming partnerships with influencers and offering a $2,500 'promo code' to lure users. Visitors create free accounts to play sleek casino-style games (for example gamblerbeast[.]com's B-Ball Blitz), but cashouts are blocked and victims are prompted for a cryptocurrency 'verification deposit' and repeated payments. Investigators, including a Discord researcher and the threat-hunting firm Silent Push, linked a shared chat API key to at least 1,270 active domains and found centralized wallets, AI-assisted support, and network-wide tracking that make these scaled scams efficient and hard to report.