As Nationwide Fraud Losses Top $10 Billion in 2023, FTC Steps Up ...
Newly released Federal Trade Commission data show that consumers reported losing more than $10 billion to fraud in 2023, marking the first time that fraud losses have reached that benchmark. This marks a 14% increase over reported losses in 2022.
Justice Department charges nearly 200 people in $2.7 billion …
Jun 27, 2024 · The Justice Department announced a sweeping series of charges Thursday against nearly 200 people accused of participating in health care fraud schemes with false claims topping $2.7 billion.
Fraud | US News
Dec 31, 2024 · JPMorgan, Wells Fargo, BofA Facing Federal Lawsuit Over Zelle Payment Network Fraud. A federal regulator has sued JPMorgan Chase, Wells Fargo and Bank of America. Associated Press Dec. 20, 2024
A record $12.5 billion in online scams were reported to the FBI last ...
Mar 6, 2024 · A record $12.5 billion in losses from online scams were reported to the FBI in 2023, fueled by a surge in cryptocurrency investment fraud, the bureau said in a report released Wednesday.
CFPB Sues JPMorgan Chase, Bank of America, and Wells Fargo for …
Dec 20, 2024 · As a result, bad actors could carry out repeated fraud schemes across multiple institutions before being detected, if they were detected at all. Ignoring red flags that could prevent fraud: Despite receiving hundreds of thousands of fraud complaints, the defendant banks have failed to use this information to prevent further fraud. They also ...
Elder fraud tops $3.4 billion as schemes targeting people over 60 …
Apr 30, 2024 · People over the age of 60 in the US reportedly lost more than $3.4 billion in fraud schemes in 2023, a nearly 11% increase from the year before, according to a report from the FBI released...
DOJ charges nearly 200 people in $2.7B health care fraud …
WASHINGTON (AP) — Nearly 200 people have been charged in a sweeping nationwide crackdown on health care fraud schemes with false claims topping $2.7 billion, the Justice Department said on Thursday.
FinCEN Issues Alert on Fraud Schemes Involving Deepfake Media …
Nov 13, 2024 · FinCEN has observed an increase in suspicious activity reporting by financial institutions describing the suspected use of deepfake media, particularly the use of fraudulent identity documents to circumvent identity verification and authentication methods.
Americans reported $2.7 billion in losses from scams on ... - CBS News
Oct 6, 2023 · Americans lose money to fraud on social media platforms more than any other method of communication, including websites, phone calls, e-mails, online advertising or mail, the FTC said.
Fraud Coverage - CBS News
Nov 16, 2024 · During a yearlong investigation into romance scams, CBS News learned that more than 64,000 Americans were taken for over $1 billion dollars last year -- double the $500 million just four years...
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