Fraud
US charges two over laundering $43 million from investment fraud
U.S. prosecutors on Thursday charged a New York man and woman for their roles in a large-scale crime ring that laundered money stolen in cyber investment fraud scams. 27-year-old Zhuoying Chen and 38-year-old Haojie Zhang allegedly managed a network of over a dozen people based in Queens and Brooklyn between 2020 and 2022. Chen and […]
Dutch police bust investment fraud ring stealing over €100 million
The Dutch Police announced the arrest of multiple individuals suspected of being part of an international investment fraud scheme estimated to have tens of thousands of victims. The group is believed to have operated 20 call centers, with more than 700 people posing as financial advisers. Authorities estimate that the criminal organization at one point […]
Spanish Police take down €140 million cyber fraud ring, arrest four
The Spanish Police dismantled a cybercrime and money-laundering organization that made €140 million ($160 million) from investment fraud and business email compromise (BEC) attacks. As part of the law enforcement operation, four people were arrested in Spain, Portugal, and Panama. The police describe the operation as an industrial-level scheme as it involved at least 800 […]
UK charges suspects linked to Russian Coms call spoofing platform
UK authorities charged five people following a National Crime Agency (NCA) investigation into Russian Coms, a major caller ID spoofing platform used by criminals to make over 1.8 million scam calls. The five people charged are 28-year-old Ayoub Sehailia, 30-year-old Zakkaria Sehailia, 30-year-old Usman Din, 29-year-old Denis Ozmus, and 53-year-old Fadila Salem, 53, all from […]
Police arrests 5,800 suspects in global anti-fraud crackdown
Law enforcement agencies have arrested 5,811 suspects and seized $293 million in illicit assets in a global anti-fraud operation spanning 97 countries. Dubbed “Operation First Light 2026,” this joint action has targeted social engineering fraud (including business email compromise, sextortion, impersonation, romance, and investment scams) and money laundering activities between January 15 and April 30. […]
Amazon fined $2.25M for withholding evidence from fraud victims
The U.S. Federal Trade Commission (FTC) says Amazon will pay a $2.25 million civil penalty to settle charges that it blocked identity theft victims’ access to transaction records. As alleged in a complaint filed with the Justice Department, Amazon failed to provide many fraud victims with records of fraudulent transactions made in their names, as […]
FTC warns of record $3.5 billion losses to imposter scams in 2025
The U.S. Federal Trade Commission (FTC) warned that Americans lost $3.5 billion to imposter scams in 2025, with reported losses nearly tripling since 2020. Imposter scams were also the most reported fraud category last year, accounting for nearly one in three fraud reports filed with the FTC. In these scams, the fraudsters reach victims through […]
Man sent to prison for selling data of 7 millions elderly Americans
A North Carolina man was sentenced to more than 10 years in prison for selling the personal information of over 7 million elderly Americans to Jamaican scammers. 57-year-old Troy Murray (who used the Steve Dixon pseudonym) pleaded guilty in January 2026 to one count of conspiracy to commit wire fraud and was sentenced Thursday to […]
FBI warns of fake FIFA websites running World Cup fraud schemes
The FBI is warning of fake websites impersonating FIFA ahead of the 2026 World Cup, to steal personal and financial information, sell fake tickets and hospitality packages, and push other fraud related to the event. With the international soccer tournament set between June 11 and July 19 in the United States, Canada, and Mexico, threat […]
Former US execs plead guilty to aiding tech support scammers
Two former executives of a call-tracking and analytics company pleaded guilty to concealing a years-long tech support fraud scheme that victimized individuals worldwide. Former CEO Adam Young (from Miami, Florida) and former CSO Harrison Gevirtz (from Las Vegas, Nevada) admitted to a misprision of a felony charge, which carries a maximum penalty of three years in […]