By a Biometrica staffer As the saying goes, where there’s a will there’s a way. A perverse version of this axiom is also applicable to fraudsters and criminals, who are always on the lookout for an opportunity to scam others. Whether that...
By Biometrica staffer A 28th woman pled guilty for playing a part in a scam from 2017, in which a group of conspirators planned to stage an accident with a tractor-trailer in New Orleans, to milk insurance payouts. The investigation revealed that...
By a Biometrica staffer Counterfeit coins are increasingly being sold online and via social media, targeting customers, a Federal Bureau of Investigation (FBI) advisory warned on Thursday, Sept. 9. Per the report, investors and collectors are at risk of losing money in these purchases...
By a Biometrica staffer The Federal Bureau of Investigation (FBI) issued a warning in May asking the public to be wary of scammers looking to extort family members of missing persons who share details on social media. The goal of these missing...
By Aara Ramesh A couple of months ago, members of an esports organization called FaZe Clan started promoting a new cryptocurrency called “Save the Kids,” which promised to “build a better world for kids” through donating some proceeds of the sales of...
By Aara Ramesh Next month marks 20 years since the Federal Bureau of Investigations (FBI) conducted a series of raids and arrested eight individuals for a racketeering plot in which they defrauded McDonald’s Corp of $24 million dollars over a 12-year period. ...
By a Biometrica staffer On Wednesday, July 21, the Internal Revenue Service (IRS) issued a warning urging parents to be aware and on the alert for criminals trying to steal their personal and financial information, as families across the country are starting to...
By a Biometrica staffer After someone has been evacuated from their home or been impacted in any other way by a natural disaster, the last thing they'd want is to fall victim to something else. Yet that's what happens to many Americans...
By Deepti Govind Millions of elderly Americans become the victims of some kind of financial fraud or internet scam each year. Just last year, for instance, senior citizens in the country lost $1 billion to fraud. That's an increase of roughly $300...
By Deepti Govind Sample this: Nearly one-in-three Americans have fallen victim to a phone scam in the past year, according to a report from Truecaller published last week. In total, Americans lost an estimated $29.8 billion, the report added. Of the survey...
By a Biometrica staffer There were 13,638 victims of real estate/rental fraud in 2020, amounting to a loss of over $213 million according to the Federal Bureau of Investigation's (FBI) Internet Crime Report for the year. That's a 16.7% jump in victim...
By a Biometrica staffer If you think scammers also took a break during the Covid-19 pandemic, think again! On Feb. 4, the Federal Trade Commission's (FTC) said it received more than 2.1 million fraud reports from consumers in 2020. Imposter scams were...