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- Round 2 - Amazon Continues Legal Attacks On First Party Fraud 🧨
Round 2 - Amazon Continues Legal Attacks On First Party Fraud 🧨
Frank McKenna
July 02, 2024
Hey Fraud Fighters,
There have been some interesting developments this week, including the mysterious seizure of MyChargeback by the FBI.
Karisse Hendrick clued me into the breaking story, but little information has been forthcoming. This company claimed to work with over 800 banks and law enforcement, but they have vanished without explanation.
Patelco Is Down—A major security incident (some speculate a ransomware attack) has hit a top-30 credit union. Some customers are reporting fraud and identity theft this weekend that they believe is related to the outage or a massive hack.
Boeing In Big Trouble—The DOJ plans to charge Boeing with fraud after the company failed to implement an anti-fraud program they agreed to as part of their $247 million settlement.
Evolve Breach Catastrophe - Jason Mikula outlines the massive 33-terabyte data breach that likely contains data from over 80 Fintech companies. The breach contains PII, full card numbers, ACH, and information that will impact every industry.
Don’t Click It! An Australian man was charged with creating “Free WIFI” links on domestic flights and using them to lure victims into entering their emails, passwords, and social media logins on a free Wi-Fi login page.
Deepfakes Will Dominate - A new report from Bitgate predicts that Deepfakes will account for 70% of crypto crimes in the next 24 months, a sign that AI will dominate the most technical frauds.
Human Washing in AI - Disturbing new findings reveal that BlandAI’s chatbot will lie to callers, telling them it’s human when it is 100% an AI chatbot.
6,745 Accounts Frozen - Interpol announced a massive scam crackdown called Operation First Light, arresting 4,000 scammers, freezing thousands of bank accounts, and seizing over $250 million from scam operations across 61 countries.
Telco Attack—A South Korean telecom company attacked its customers with malware. Over 600,000 customers reported missing files, strange folders, and disabled PCs.
Butt Lift Bonanza - Unbelievably, your tax dollars went toward getting Ashley Parker her Brazilian butt lift. She stole PPP funds and used the money for plastic surgery.
Fork Over The Money - Tech giants may have to fork over their fair share in scams based on this new proposal in the UK.
Amazon Decimates Another Professional Refunder Named DIVO
Amazon continues its war on professional refunding scammers. And they are not messing around.
In new legal filings this month, Amazon revealed that it identified the mastermind behind Rekk Refunds and subsequently exposed another professional refunding operation named “DIVO” that the operator had setup after Rekk was exposed.
Unlike other big tech companies, such as Facebook, which let scams and fraud run roughshod over their platforms, Amazon is giving a master class on addressing this by going after insiders, customers, and organized crime rings that try to exploit them.
FBI Seizes MyChargeback Site, Questions Loom
The FBI has seized MyChargeback.com, a company that claims to have worked with 800 banks and 450 law enforcement agencies and successfully recovered millions of dollars in disputed claims for its clients.
People close to the matter say 60 people with the company lost their jobs subsequent to the shutdown. However, little information is available from the FBI or the company on the sudden closure
AI Models Are Ready and Willing To Work In Scam Centers
Not everyone working in Cambodia’s scam compounds is there against their will; in fact, there are Telegram channels with hundreds of aspiring AI models or agents looking for lucrative jobs.
One such channel is China-Cambodia HR Talent Reserve Co., Ltd., and hundreds of aspiring AI models and call center agents want lucrative, high-paying jobs. The going rate is about $3,000 USD a month or higher, which is quite lucrative for a job in Cambodia.
Suspicious Credit Washing Surges As Flurry of Lawsuits Hit Banks
An American Banker article reports that consumers are filing lawsuits and disputing information on credit reports, encouraged by what critics say is a proliferation of credit repair firms posting videos on TikTok, Instagram, and social media.
Point Predictive highlighted a surge in credit washing attacks against auto lenders and banks last year, indicating a suspicion that shady credit repair practices are driving up suspicious claims.
Attornies say that in the past three to four years, there has been an exponential growth in FCRA lawsuits. What used to be a small piece of the pie is now north of 50% of the litigations they are working on.
FIVERR Freelancers Will Dox Anyone Using TLO For $15
Dozens of sellers on the freelancing platforming Fiverr claim access to TLO and will use that tool to Dox anyone you want.
404 Media found nearly 50 advertisements by searching for “TLOxp SSN” on Fiverr. Many of these sellers, at least some of whom appear to be overseas, advertise their lookup services to investors, realtors, or skip tracers. Skip tracers are people tasked with recovering lost property. But there is no indication that the Fiverr sellers would limit sales to only those industries.
The Benefits of A Bank That Won’t Say No
Why did rapidly growing Fintechs love to work with a bank like Evolve? Because they would never say “no,” according to Alex Johnson of Fintech Takes, who says that Evolve’s incompetence was a feature, not a bug.
He points to examples like Evolve originating accounts with addresses out of Pakistan and how Fintechs appreciated the fast and loose way Evolve helped them grow their portfolios and platforms.
“I’m Pretty Sure My Boss Stole My Identity”
This is a wild story.
A Reddit user reported that her boss stole her identity and used it to get two credit cards that he used to fund the business's operations.
She was alerted when a Discover credit card bill came to the work address in her name. When she told her boss about the ID theft, he said it was probably because the criminal had put her work address on the application. But he recommended that she not report it for 120 days.
When she did report it, he became enraged and fired her!
Kindly, Grandma’s Were Just Murderous Black Widow Insurance Scammers
They might have appeared like fragile old ladies who wouldn’t hurt a fly, but they were anything but that.
Helen Golay and Olga Ratterschmidt devised a scheme to volunteer at soup kitchens to feed homeless people. They would find vulnerable men, offer them a place to stay, and unbeknownst to the men, take out big life insurance policies on them.
After a sufficient period of time, the woman would kill the men, collecting huge sums in their devious insurance fraud scheme.
Heartbreaking - Small Business Owner Absolutely Crushed By Scam
Your heart can’t help but go out to this poor small business owner who lost over $25,000 to a devastating imposter scam.
Sadly, small business accounts are subject to different rules than personal accounts, so there is a high chance her money is gone for good.
@fitnfoodwithtaylor PLEASE BE AWARE OF THIS WELLS FARGO SCAM. I will keep advocating and fighting for my self and MY money to be returned to me. PLEASE SHARE ... See more
If you are wondering, “Did she ever get her money back?”, you’re not alone - click here to find out the outcome of Wells Fargo’s Investigation.
Inside A Violent Gangs Crypto Theft Spree - Are Bank Customers Next?
Remy Ra St Felix led a gang of violent criminals on a spree across states, breaking into people’s homes, terrorizing and kidnapping them to get their crypto passwords.
Ken Palla made a grim prediction to me this week that banks could soon see these same types of brutal home invasions for criminals trying to get people’s retirement funds and nest eggs.
Gold Bar Collecting Scammer Had Just Arrived In US
He was caught with close to a quarter of a million in gold bars in his trunk when police stopped him.
21-year-old Tejaskumar Patel came to the US on a green card less than a year ago, but he took up a dastardly job conning elderly people out of gold. He was nabbed last week while driving from house to house, picking up hundreds of thousands in gold from victims.
That’s all folks 👋
Thanks for catching up on the latest fraud trends. Happy fraud hunting!