Fraud

2023 - 1 - 12

Post cover — Image courtesy of "theloadstar.com"

TT Club: Fraud is the biggest threat to cargo losses - The Loadstar (theloadstar.com)

PRESS RELEASE. Criminal fraud in its many and various manifestations within the global supply chain is seen by International freight transport insurer TT ...

“A key aspect of this scenario is that the driver and the shipper are not in direct contact with one another,” explains Yarwood. Other cases, falling into the category of mandate fraud, experience criminal deception by manipulation of bank transfer details by a fraudster pretending to be an organisation paid regularly by the operator by hacking into the victim’s email traffic and imitating a genuine supplier alter bank transfer details for payment of a legitimate invoice. These are but samples of the various modus operandi employed by those intent of defrauding supply chain businesses. “Incidents of fraud that target international supply chains across the globe are not perpetrated by opportunistic criminals working in isolation but in the majority of cases the work of sophisticated organised crime gangs. Carrier fraud, in which criminals imitate hauliers and other sub-contractors, including drivers with falsified documents, accounted for 84% of TT claims involving fraud or deception in 2022. These have many manifestations; from payment fraud that involves existing mandates and impersonation of executives to procurement fraud featuring false invoicing.

Man arrested at gunpoint in DeSantis voter fraud crackdown, video ... (The Guardian)

Heavily armed Florida police officers descended on the homes of two men accused of illegally voting and arrested one of them at gunpoint as part of Governor ...

“The fact that people are unsure of their voting eligibility was the main driver for certain returning citizens not to vote this cycle. The requirement made it extremely difficult for those with a criminal history to figure out if they were eligible to vote, since the state does not have a centralized system to determine how much they owe. State officials have not offered a theory as to how Miller and Wood would have known their second-degree murder convictions disqualified them from the amendment. [Wood](https://www.theguardian.com/us-news/2022/oct/21/florida-voter-fraud-case-dismissed-judge-ron-desantis) and [Miller ](https://www.npr.org/2022/12/21/1144265521/florida-voter-fraud-cases-prosecution-update)were separately dismissed last year. [mounting scrutiny](https://www.theguardian.com/us-news/2022/aug/25/florida-voting-fraud-charges-eligibility) over the arrests of 19 Floridians in August, including Miller and Wood, who were accused of voter fraud. Hours after Miller and Wood were arrested, DeSantis [held a press conference](https://www.theguardian.com/us-news/2022/aug/18/florida-arrests-illegal-voting-destanis), heralding the work of a new statewide agency tasked with investigating voter fraud, saying those accused would “pay the price”. Voting rights advocates see the cases as a thinly veiled effort to intimidate people from voting. “If you do that, and you see that there’s a very low risk of violence, showing up heavily armed is not what we would recommend,” she said. That system has deemed them safe and eligible to live in their community and integrate and be citizens again. When law enforcement decides to make an arrest, there’s a calculation that goes into how much force to use, said Bryanna Fox, a former FBI special agent and now criminologist at the University of South Florida. Miller and Wood were both convicted of second-degree murder more than 30 years ago, a crime that causes you to permanently lose your voting rights in Florida. The videos, he said, were “alarming and heartbreaking”.

Fraud is Biggest Threat to Cargo Loss (Supply and Demand Chain Executive)

Carrier fraud, in which criminals imitate haulers and other sub-contractors, including drivers with falsified documents, accounted for 84% of claims ...

The fraudster then acts as a “middle man” between these two legitimate companies, arranging the collection and directing the driver. - One common tactic is where fraudsters pose as a forwarders using a freight exchange site and provide false instructions to a driver. “Incidents of fraud that target international supply chains across the globe are not perpetrated by opportunistic criminals working in isolation but in the majority of cases the work of sophisticated organized crime gangs.

Crypto Fraud Victims Receive Over $17 Million in Restitution from ... (Department of Justice)

On Sept. 16, 2021, Glenn Arcaro, 44, the top U.S.-based promoter for BitConnect, pleaded guilty to conspiracy to commit wire fraud. Separately, on Feb. 25, 2022 ...

Trial Attorney Kevin Lowell of the Criminal Division’s Fraud Section and Assistant U.S. The Justice Department’s Office of International Affairs and U.S. The FBI Cleveland Field Office and IRS-CI Los Angeles Field Office investigated the case. Attorney Randy Grossman for the Southern District of California, Assistant Director Luis Quesada of the FBI’s Criminal Investigative Division, and Special Agent in Charge Tyler Hatcher of the IRS Criminal Investigation (IRS-CI) Los Angeles Field Office made the announcement. of the Justice Department’s Criminal Division, U.S. As part of Arcaro’s plea, he admitted to conspiring with others to exploit investor interest in cryptocurrency by fraudulently marketing BitConnect’s initial coin offering and digital currency exchange as a lucrative investment.

How to protect yourself from bot-driven account fraud - Help Net ... (Help Net Security)

Nick Rieniets, Field CTO at Kasada, talks about this threat and offers tips on how to protect yourself from bot-driven account fraud.

800 victims of 'massive' Bitconnect fraud to receive $17M restitution (Cointelegraph)

The United States Department of Justice (DOJ) announced around 800 victims of the cryptocurrency-based Ponzi scheme Bitconnect will have $17 million in ...

[charged by the DOJ](https://cointelegraph.com/news/doj-indicts-bitconnect-s-indian-founder-for-2-4b-crypto-ponzi-scheme) in February 2022. He is also subject to a [police investigation](https://cointelegraph.com/news/indian-police-launch-probe-into-bitconnect-founder-wanted-by-us-sec) in India and his whereabouts are [currently unknown](https://cointelegraph.com/news/sec-unable-to-locate-bitconnect-founder-convicted-in-2-4b-fraud-case). [sentenced](https://www.justice.gov/usao-sdca/pr/us-promoter-foreign-cryptocurrency-company-sentenced-prison-role-fraud-scheme) to 38 months in prison for his participation in Bitconnect. [pled guilty](https://cointelegraph.com/news/bitconnect-promoter-pleads-guilty-over-ponzi-scheme-as-platform-faces-new-sec-charges) to wire fraud conspiracy charges in September 2021 and was ordered to pay back $24 million to investors. [How to tell if a cryptocurrency project is a Ponzi scheme](https://cointelegraph.com/news/how-to-tell-if-a-cryptocurrency-project-is-a-ponzi-scheme) [release](https://www.justice.gov/opa/pr/crypto-fraud-victims-receive-over-17-million-restitution-bitconnect-scheme) on the same day by the Department of Justice (DOJ).

Over $17M in restitution ordered for victims of cryptocurrency fraud (10News)

A San Diego federal judge has ordered one of the leaders of an alleged investment fraud scheme involving cryptocurrency to pay more than $17 million in ...

According to the U.S. Glenn Arcaro, 45, the company's top U.S.-based promoter, pleaded guilty to federal charges and was sentenced to just over three years in prison. Federal prosecutors say the company was run like a Ponzi scheme, in which investors were repaid using money from other investors.