Browsing: fraud

Key insight: Dechanta Benning established a shell company and used mobile deposit technology to cash stolen checks, a methodology becoming standard for fraudsters.Supporting data: The American…

Supporting data: Sathawane is liable for $4.3 million in restitution to 12 specific individuals, with single-person losses ranging from $50,000 to over $1.2 million.Key insight: The…

Key insight: Beyond courier scams, banks are battling “card cracking” schemes where fraudsters solicit credentials from young users on social media to deposit worthless checks.Expert quote:…

<img src=”https://public.flourish.studio/visualisation/27147476/thumbnail” width=”100%” alt=”chart visualization” />Processing ContentFor the past two months, I have been caught in a no-man’s-land between my bank’s fraud and customer service departments.It…

Key insight: Passive, real-time call fraud scoring reduced fraud exposure and improved member experience for MSUFCU.Expert quote: Fraud strategist Frank McKenna said humans can’t reliably detect…

Key insight: Tricolor CEO Daniel Chu, COO David Goodgame were arrested Tuesday for allegedly defrauding nine banks and financial institutions. The auto lender’s CFO Jerome Kollar…

South_agency | E+ | Getty ImagesFor older Americans, financial fraud can be a very costly mishap. Last year, scams reported to the Federal Trade Commission by…

Supporting data: Since January 2025, the FBI has logged over 5,100 complaints of account takeover fraud, resulting in losses exceeding $262 million.What’s at stake: A recent…

Key insight: The indictment claims CEO Danny Seibel manipulated the packets he prepared for First National’s board and loan committee to conceal problem loans and excessive…

Key insight: The conspiracy relied on a “recruitment hierarchy” involving a Truist branch employee to force transactions through and a USPS worker to steal check data…