Fraudster caught utilizing OPM hack knowledge from 2015

The US DoJ says that Karvia Cross “participated in and recruited others to engage in a fraudulent identity-theft scheme targeting” the Langley Federal Credit Union (LFCU). In 2015 – 2016, LFCU was inundated with mortgage functions that used the non-public particulars of the people from the OPM database. The loans had been permitted, and paid […]

Theranos Founder Elizabeth Holmes Reportedly Indicted on Wire Fraud

Theranos Founder Elizabeth Holmes Reportedly Indicted on Wire Fraud

Photo: Jeff Chiu (AP) Elizabeth Holmes and Ramesh “Sunny” Balwani, the previous key executives of blood-testing startup Theranos, have been indicted by a grand jury on 9 counts of wire fraud and two counts of conspiracy to commit wire fraud, The Washington Post reports. The information comes three months after information that each had been […]

Elizabeth Holmes steps down as Theranos CEO as DOJ ranges costs

In March, the SEC mentioned the corporate made “false statements” about its know-how, enterprise and funds, elevating over $700 million via “an elaborate, years-long fraud.” Theranos claimed its product might check a small drop of blood for numerous ailments, however it was by no means capable of again that up. Prior to being charged with […]

FCC implements a 'clear ban' on shock cellphone invoice fees

There are additionally new guidelines clamping down on slamming, or switching a buyer’s cellphone firm by way of misleading means. If an organization misleads you throughout a sale name, that fibbing will “invalidate” any permission you gave, the FCC stated. Moreover, any cellphone firms that abuse third-party verification for switches will lose that course of […]

Couple who conned Amazon out of $1.2M in tech goods get jail time

Couple who conned Amazon out of $1.2M in tech items get jail time

Who doesn’t love free stuff? Erin Finan and spouse Leah Finan have been definitely keen on a freebie or two, the one downside being they have been acquiring them through fraudulent means. The Indianapolis couple have been this week jailed for 71 months and 68 months, respectively, after earlier admitting to stealing $1.2 million value […]

Jargon watch: smishing and vishing

Jargon watch: smishing and vishing

Smishing: phishing with SMSes. Vishing: phishing with voice-response techniques. A pair of Romanian hackers have been extradited to the U.S. after allegedly bilking unwitting victims out of more than $18 million in an elaborate voice- and SMS-phishing (i.e., vishing/smishing) scheme. [Tara Seals/Threatpost] (by way of Beyond the Beyond) VPNFilter is a virulent, refined, […]

The SEC made a pretend cryptocurrency to point out you the way ICO scams work

“We’ve recently seen fraudsters pretending to be involved in blockchain technology, initial coin offerings and crypto-currencies — when really they are simply operating scams designed to take investors’ hard-earned money,” says the positioning. “We created the bogus site as an educational tool to alert investors to possible fraud involving digital assets like crypto-currencies and […]