3 Canadians Arrested as the FBI busts an international email fraud ring that stole millions

3 Canadians Arrested as the FBI busts an international email fraud ring that stole millions

June 13, 2108 (Courtesy of Cnet.com) –  The FBI announced 74 arrests across seven countries in a major email fraud bust on Monday. The alleged email scammers, spread across seven countries, would target midsize businesses, looking to trick employees who had access to company finances. This “cyber-enabled financial fraud” — which originated in Nigeria, the same source of the notorious Nigerian prince email scams — fools victims into believing they’re sending money to business partners, while they’re…

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Parents, friends of international student defrauded out of over $200K in virtual kidnapping scam

Parents, friends of international student defrauded out of over $200K in virtual kidnapping scam

May 22, 2018 (Courtesy of CBC.ca) – Durham police are investigating after parents and friends of an international student were defrauded out of more than $200,000 in a “virtual kidnapping” scam. The 18-year-old female student at McGill University in Montreal, was told that she had been implicated in a crime ring and would be arrested if she failed to take photos of herself tied up and in distress, making it appear that she had been kidnapped, police…

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FBI: Reported Internet Frauds Topped $1.4 Billion Last Year

FBI: Reported Internet Frauds Topped $1.4 Billion Last Year

May 9, 2018  ( Courtesy of darkreading.com)– The FBI’s Internet Crime Complaint Center (IC3) logged more than 301,000 complaints of Internet crimes last year that resulted in losses of more than $1.4 billion — and that’s just from consumers and businesses that reported incidents to the bureau. Victims who reported attacks to the IC3 mostly were hit with so-called non-payment/non-delivery scams, personal data breaches, and phishing attacks. The most-costly types of Internet crimes reported to…

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MacEwan University recovers bulk of $11.8M lost in online phishing scam

MacEwan University recovers bulk of $11.8M lost in online phishing scam

University defrauded when staff failed to verify emails requesting changes to banking information April 5, 2018 (Courtesy of CBC.ca ) – After months of legal wrangling, Edmonton’s MacEwan University has recovered nearly all of the $11.8 million lost to an online phishing scam. In a statement Wednesday, MacEwan said it was able to recover $10.92 million before concluding legal proceedings. “MacEwan’s administration credits the recovery of such a large percentage of the funds — just over 92 per cent…

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Almost one quarter of Canadians have clicked on a phishing link

Almost one quarter of Canadians have clicked on a phishing link

Online payment fraud like phishing is a growing trend, and Canadians are worried about it.  According to a new survey conducted by Interac Corp., Canadians are more likely to worry about payment fraud scams like phishing and skimming than home break-ins, vehicle theft and plane crashes. And, almost one-quarter of Canadians say they have clicked on a link that resulted in a phishing scam, while 64 per cent say they have been tempted to click on a…

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Craig Wright, the self-proclaimed bitcoin inventor accused of fraud in connection with $5-billion investigation

Craig Wright, the self-proclaimed bitcoin inventor accused of fraud in connection with $5-billion investigation

Craig Wright, the self-proclaimed inventor of bitcoin, is accused of swindling more than $5-billion worth of the cryptocurrency and other assets from the estate of a computer-security expert. Wright, who claimed in 2016 that he created the computer-based currency under the pseudonym Satoshi ‎Nakamoto, allegedly schemed to use phony contracts and signatures to lay claim to bitcoins mined by colleague Dave Kleiman, another cryptocurrency adherent, who died in 2013, according to a lawsuit filed by…

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U.S. accuses groups with B.C. ties of scamming seniors for millions of dollars

U.S. accuses groups with B.C. ties of scamming seniors for millions of dollars

British Columbia companies and individuals are in the crosshairs of the U.S. Department of Justice for allegedly defrauding seniors around the world with bogus promises of lottery winnings. In a Thursday posting on its webpage, the department said coordinated busts of various alleged elder fraud schemes around the world swept up the B.C.-based groups who are allegedly involved in mail fraud and in scamming millions of dollars each year. “The defendants targeted elderly and vulnerable consumers both in the United…

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Gravenhurst GoFundMe organizer charged with fraud; Bukers are saddened

Gravenhurst GoFundMe organizer charged with fraud; Bukers are saddened

The organizer of a GoFundMe campaign for a local philanthropic couple, the Bukers, has been charged with fraud. Amy Tomassetti, the organizer of the GoFundMe campaign and online auction for Theresa and Barry Buker, was charged on Feb. 13. “We can confirm that Amy Tomassetti, 32, of Gravenhurst has been charged with one count of Fraud under $5,000. She will appear in court on March 13, 2018. This charge is in relation to an investigation…

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Montrealer discovers her condo is falsely advertised for rent online after couple shows up at her door

Montrealer discovers her condo is falsely advertised for rent online after couple shows up at her door

A Montreal woman is warning apartment hunters to be cautious after her condo was falsely advertised as available for rent and used to scam people out of cash. Margaret told CBC that when a couple knocked at her door last week, expecting to be handed the keys to their new apartment, she watched their expressions change as she explained the situation. “I asked if they’d lost money. And they said ‘yes,’” she said. “They didn’t tell me how much. The girl looked…

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Facebook scammer targets Huntsville woman for $500 in iTunes gift cards

Facebook scammer targets Huntsville woman for $500 in iTunes gift cards

Huntsville resident Patricia Friend accepted a Facebook friend request in late January from someone named “Stephanie” she believed to be the daughter of a recently deceased friend. When she received the request, she thought it was a nice gesture from someone whose mother she had worked with for two decades. The request was accepted and not much came out of the interaction until Feb. 4 when she was once again contacted by this person. Now…

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