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☆ Feds charge 21 people in global crypto money laundering bust
▼ + stars: | 2022-11-30 | by ( Rohan Goswami | ) www.cnbc.com time to read: +2 min

A member of the US Secret Service speaks on a cellphone as US President-elect Donald Trump attends meetings at the US Capitol in Washington, DC, November 10, 2016. The charges were unsealed as part of "Operation Crypto Runner," which was established by U.S. Attorney Brit Featherston of the Eastern District of Texas, the Secret Service and the U.S. We are committed to bringing each of the remaining perpetrators to justice," Secret Service Special Agent William Smarr said. "This case proves that we can track these people down and charge them," Secret Service Resident Agent in Charge Bill Mack told CNBC's Eamon Javers. The U.S. Attorney for the Eastern District of Texas also shared further details about some of the individuals named in indictments or who had pled guilty.

☆ JPMorgan, Other Banks in Talks to Reimburse Scammed Zelle Customers
▼ + stars: | 2022-11-28 | by ( David Benoit | Annamaria Andriotis | ) www.wsj.com time to read: 1 min

Banks that own the Zelle payment network want to boost security as scams dupe customers into transferring money. Some of America’s biggest banks are devising a plan to compensate customers who fall victim to scams on their Zelle payment network. JPMorgan Chase & Co., Wells Fargo & Co. and Bank of America Corp. are among the banks in advanced discussions to create a playbook for refunding customers and each other for illegitimate transfers, according to people familiar with the matter. The idea is to boost security and consumer trust in Zelle, the peer-to-peer payment system jointly owned by a consortium of banks, the people said.

☆ This secondhand fashion startup wants to become the Depop of Africa. Here's the 11-slide pitch deck Yaga used to raise $2.2 million.
▼ + stars: | 2022-11-10 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

Estonia-based Yaga just raised $2.2 million to bring its secondhand marketplace to Africa and Asia. The startup, backed by Startup Wise Guys, wants to become the next Vinted or Depop. An Estonia-based circular economy startup that wants to become the Vinted or Depop of Africa has just raised 2.2 million euros ($2.2 million). The company operates an app and website that are currently available in South Africa, Kenya, and India. "I went to Instagram and looked at how people buy and sell secondhand in South Africa and Kenya," the founder said.

☆ Sen. Elizabeth Warren calls Wells Fargo CEO 'evasive,' presses bank for fraud complaints on Zelle payment platform
▼ + stars: | 2022-11-07 | by ( Chelsey Cox | ) www.cnbc.com time to read: +5 min

Sen. Elizabeth Warren called Wells Fargo CEO Charles Scharf "evasive," saying the bank's answers to her questions about fraud across the Zelle payment platform were misleading, "insulting and useless." Requests for comment from Wells Fargo and Early Warning Services weren't immediately returned. Jim Seitz, a spokesman for Wells Fargo, told CNBC in October that Warren's analysis is "misleading and inaccurate." Warren also said the reply she received from Wells Fargo was "wholly inadequate given the scope of the problems." "But this assertion, which is an attempt to minimize the impact of the problem at Wells Fargo, is false."

Fraudsters will try to get your personal information and answers to security questions on social media. "The reason fraudsters are so interested in social media and social engineering is because they can get answers to those questions." Insider's Featured Identity Theft Protection Services Aura – All-In-One ID Theft ProtectionIDShield 3 Bureau Individual PlanIdentityForce Ultra Secure+Credit Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Editor's Rating 4.6/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.7/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Editor's Rating 4.8/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Learn more On Aura's website Learn more On IDShield's website Learn more On IdentityForce's websiteHere are five tips to help you avoid identity theft scams on social media. Anytime anyone's asking for personal information, find a different way of getting in contact with that individual," says Lord.

☆ Sen. Warren says big banks fail to prevent 'rampant' fraud on payment platform Zelle, urges CFPB to tighten regulations
▼ + stars: | 2022-10-27 | by ( Chelsey Cox | ) www.cnbc.com time to read: +5 min

Truist reported 9,455 fraud and scam claims on Zelle in 2020 and 22,045 in 2021, according to the senator. Its customers are on track to make 160,977 scam and fraud claims on Zelle in 2022. The value of the scam and fraud claims received by PNC, Truist, U.S. Bank and Bank of America exceeded $90 million in 2020. The data that Wells Fargo released revealed that customers reported fraud and scams on Zelle at a nearly 2.5 times higher rate in 2022 than in 2019. "And that is more than twice as high for Wells customers compared to customers of other banks," Warren wrote.

☆ A man with a brain injury was scammed out of all of his money. He and his mother are calling on social-media companies to protect disabled people from con artists.
▼ + stars: | 2022-10-23 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +9 min

Westwood, who has a disability due to a brain injury, told Insider how the scam changed his life. In late July, Westwood's mother, Mary-Ellen Field, received a text message from one of Westwood's caregivers, she told Insider. Justin Westwood"Then he started asking me for money again, which usually means he's in trouble," she told Insider. It wasn't until he started asking for money for his gas bill and constantly coming over for dinner that his mom understood how little money Westwood had. Westwood told Insider that he got a message on Facebook from someone calling himself "Agent Tyson," who said he had money from the government for Westwood.

☆ Online Scams Cost Americans Billions. Here’s How to Avoid the Worst of Them.
▼ + stars: | 2022-10-21 | by ( Robert Mcmillan | ) www.wsj.com time to read: 1 min

If you ever find yourself transferring money online, either to or on behalf of someone you’ve never met—stop, law-enforcement officials say. For years now, scammers have found that they can make millions of dollars conning people using a variety of online methods. So how to avoid being scammed? The bottom line, law-enforcement officials say, is that if you ever find yourself transferring money online, either to or on behalf of someone you’ve never met—stop. Even if you know who you’re sending the money to, talk to them via telephone before you send the funds.

☆ Russia faces turmoil, says former diplomat who resigned over war
▼ + stars: | 2022-10-17 | by ( Guy Faulconbridge | ) www.reuters.com time to read: +4 min

In a 6,500 word critique of Putin's Russia, Bondarev said the state was infested by sycophantic "yes men" who repeated the Kremlin's line, allowing Putin to make crucial decisions in an echo chamber of his own propaganda. "It’s entirely possible his successor will try to carry on the war, especially given that Putin’s main advisers hail from the security services. But no one in Russia commands his stature, so the country would likely enter a period of political turbulence. The foreign ministry did not immediately respond to a request for comment on Bondarev's article. "Russians might unify behind an even more belligerent leader than Putin, provoking a civil war, more outside aggression, or both," he said.

☆ Two Australian regulators open investigations into Optus after data breach
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +2 min

SYDNEY, Oct 11 (Reuters) - Two Australian regulators said on Tuesday they have opened investigations into Optus, the country's No. 2 telecoms provider, after a breach of its systems resulted in the theft of personal data from up to 10 million accounts. The agency added that it finds there was a breach of Australian privacy law, it can seek civil penalties of up to A$2.2 million ($1.4 million) per contravention. Australian Competition and Consumer Commission Chair Gina Cass-Gottlieb told a parliamentary hearing the regulator was receiving 600 calls a day from people concerned about the Optus breach, although few had been scammed as a result. ($1 = 1.5881 Australian dollars)Register now for FREE unlimited access to Reuters.com RegisterReporting by Byron Kaye; Editing by Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

☆ A New York man was unwittingly scammed out of his childhood home. For 12 years, he fought to regain control. He's now facing eviction: 'I want my house back'
▼ + stars: | 2022-10-04 | by ( Molly Grace | Yelena Dzhanova | ) www.businessinsider.com time to read: +7 min

Since he was a child, the home was a site of cookouts and family gatherings, Jackson told Insider. Since he was a child, the home was the site of cookouts and family gatherings, Jackson told Insider. That's when he drove out to his local district attorney's office. He told the Nassau County district attorney's office what happened, and the office referred it to the US Attorney's Office, his lawyers told Insider. When reached for comment, a spokesperson for the Nassau County district attorney's office said records prior to 2011 have been destroyed.

☆ Facebook scammers recruited into the shadowy job after being trafficked say they were punished with push-ups or tased for failing
▼ + stars: | 2022-09-22 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +3 min

Indonesian workers were recruited for jobs in Cambodia involving scamming "clients" on Facebook, a new investigation reveals. One trafficking victim told VOD English that workers who didn't reach quotas had to do push-ups. One of the trafficking victims told VOD English that she was referred to a job recruiter on Facebook through her former boss. Sky told VOD English that workers who didn't reach their quota for "clients" had to do 50 push-ups for each client they were missing. "I was so stupid to believe him, because I have no choice," she told VOD English.

Twitch on Tuesday announced a ban on streaming unlicensed gambling sites, including slots, roulette and dice websites, starting next month. More websites may be banned at a later date, Twitch said in a statement posted to Twitter. A number of creators have been pushing Twitch to do something about online gambling streams, citing potential dangers to younger users. Twitch had already prohibited users from sharing links or referral codes to sites that include slots, roulette or dice games. A spokesperson for Twitch said the company has no further comment beyond the statement posted to Twitter.

☆ 22-year-old shares nightmare of getting scammed by a fake job: 'I went from excited to devastated in a month'
▼ + stars: | 2022-09-18 | by ( Jennifer Liu | ) www.cnbc.com time to read: +6 min

Callie Heim, 22, went viral on TikTok for sharing how she got scammed by a fake job listing. Callie Heim was thrilled to start her marketing job with Waymo, the buzzy self-driving car company, earlier this summer. Heim had been scammed by a fake job listing. She was invited to a phone interview the next day, where the interviewer said the job would entail getting a computer and phone to do her job remotely. In reality, this is what's known as a fake check scam, where scammers hope you'll send them money and "reimburse" you with a bad check.

☆ Web3 is in chaos and metaverses are in their own walled gardens, says Randi Zuckerberg
▼ + stars: | 2022-08-18 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +3 min

The sister of Meta CEO Mark Zuckerberg was speaking at the Global Supertrends Conference 2022 on Wednesday. The Web3 is a hypothetical, future version of the internet based on blockchain technology — an "ideal utopia," said Zuckerberg. "In order to really unlock the potential [of Web3], we're going to need to figure out a system where there's interoperability. Going mainstreamHowever, according to Zuckerberg, that's easier said than done because no company running a metaverse right now wants to give up control or "share that ownership." She added that Web3 needs experts who have been involved in the global banking system and Web2 — the internet that we know today — to lend a "protective layer."

☆ Don't be scammed by fake job listings
▼ + stars: | 2022-05-19 | by ( Rebecca Knight | Rachel Durose | ) www.businessinsider.com time to read: +5 min

Amid the rise of the remote work era, fake job listings have increased. As employees seek remote positions, the number of fake listings has increased, and job scams are getting more sophisticated, including using social media, online outreach, and online job boards to lure in job seekers, the BBB report found. LinkedIn, the site with the second most job scams, accounted for 7% of the listings,Here's how job seekers can avoid falling victim to a fake posting. Investigate the listing, and don't be afraid to reach outThe first step to avoiding fake job listings is knowing where to look for jobs. Job seekers are also able to report suspicious job postings to the website where it was posted.

☆ 'Scammed by Starlink': Customers are frustrated with price hikes for uplink kits they still haven't received months after paying $100 deposits
▼ + stars: | 2022-04-24 | by ( Kate Duffy | ) www.businessinsider.com time to read: +4 min

Starlink customers told Insider they're frustrated with the price hikes announced in March. So in February 2021, Sbi, who lives in the mountains of North Carolina, paid a $100 deposit for a SpaceX Starlink uplink kit. Sbi isn't the only customer frustrated with Starlink's delays, price hikes, and apparent lack of customer service. One month later, he was hit by the Starlink service price hike. Insider verified the four Starlink customers' complaints about the company through proof of purchase emails and correspondence they sent to SpaceX.

A legitimate federal forgiveness option is the Public Service Loan Forgiveness program. Student loan scams are common, especially as confusion remains over if and when student loans will be forgiven on a nationwide scale by the Biden administration. There are currently forgiveness programs in place for federal student loans, like Public Service Loan Forgiveness, and accommodating repayment options, like Income-Driven Repayment Plans. Keep in mind that student loan forgiveness isn't the only option to take control of your debt. Ryan Wangman, CEPF Loans Reporter Ryan Wangman was a reporter at Personal Finance Insider reporting on personal loans, student loans, student loan refinancing, debt consolidation, auto loans, RV loans, and boat loans.

Persons: Scammers, Biden, isn't, Ryan Wangman Organizations: Public, Federal, Federal Trade Commission, of Education, Finance, Northwestern University, Boston Globe Locations: forbearance

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