The Justice Department on Tuesday announced the sentencing of the last member of an international hacking group indicted for allegedly stealing millions in cryptocurrency as part of a “SIM hijacking” effort. Missouri-based Garrett Endicott, the sixth and final member of a hacking group known as “The Community,” was sentenced Monday to 10 months in prison and ordered to pay a fine of more than $120,000 for his part in the cryptocurrency scheme.

Scammers have utilised a fake event stream, a faked Apple website and the promise of free Bitcoin to scam unsuspecting fans during the iPhone 13 reveal event, the media reported.

The U.S. Department of Justice announced Wednesday that Stefan He Qin, the founder of two cryptocurrency-focused hedge funds who pled guilty to securities fraud in February, has been sentenced to 90 months in prison for his actions.

Robocalls are out of control—and they’re getting more and more clever in convincing people to answer them. To combat that, Verizon has announced an update to its Call Filter app, which will send suspected spam calls that have your area code and prefix directly to voicemail.

A Montreal-based marketing firm is at the heart of a scheme involving a massive network of streaming websites that has scammed thousands of internet users out small amounts totalling hundreds of millions of dollars with promises of free unlimited access to premium content that they do not offer, a Radio-Canada investigation has found.

Facebook has removed more than 16,000 groups trading fake reviews after the UK’s competition regulator criticised the company for failing to make good on a previous promise to clamp down on the practice.

We’ve all been there. You eagerly place an order for a new iPhone online, then eagerly wait by the door for its arrival, only to have your fun ruined when it turns out that your new iPhone is, in fact, a table. OK, so we’ve not all been there. But an unnamed Thai man apparently has, after he bought what he thought was a cheap iPhone 7 that turned out to be a novelty desk.

The Federal Communications Commission levied a record fine of $225 million on two Texas-based telemarketing companies for ‘spoofed’ robocalls, the agency said Wednesday. Rising Eagle and JSquared Telecom were slapped with the fine after placing close to one billion robocalls in 2019 to falsely sell short-term health insurance plans.

Telstra has said it is now blocking approximately 6.5 million suspected scam calls a month, at times up to 500,000 a day, thanks to automating the former manual process that sat at around 1 million monthly scam calls.

During the coronavirus pandemic, robocalls slowed, but still 45.9 billion were made. And the calls appear to be rising again as call centers reopen.

Counterfeit energy drinks were lightning in a bottle for Adriana and Joseph Shayota, netting them a million dollars a month until the feds closed in. But they had one chance to clear their name: President Donald Trump.

Every year, tens of millions of Americans collectively lose billions of dollars to scam callers. Where does the other end of the line lead?

Want to know yet another reason why the CASE Act is so dangerous? It will inspire ever more new attempts at fraud in the copyright trolling space. Giving people the ability to shake down others leads to... lots of attempts to shake down or scam...

Overseers of two programs to compensate victims of Bernard Madoff's Ponzi scheme have announced $679 million of new payouts, ahead of Friday's 12th anniversary of the now-imprisoned swindler's arrest.

Apple is being sued for allegedly refusing to help those who have fallen victim to a iTunes gift card scam. An 11-count class action lawsuit has been filed against the company. Apple is accused of lying when it says that there is no way to trace or refund the value of the cards. There are a large number of scams which involve pre-paid gift cards like store cards and iTunes gift cards. Here’s how the FTC describes them.

Florida man, His 3 Sons Who Sold Toxic Bleach As COVID-19 Miracle Cure Charged. The novel coronavirus pandemic has infected more than 11 million people, claiming more than 526,000 lives across the world and people are becoming desperate in search for the cure. Earlier, the World Health Organization has acknowledged there is emerging evidence that the coronavirus can be spread by tiny particles suspended in the air, BBC reported

The most recent iteration of a widespread government imposter scam has bilked thousands of Americans out of hundreds of millions of dollars.

A fake Bitcoin scam, with Elon Musk’s likeness at the helm, has reportedly raked in over $2 million.

Knowledgebase Phone Scams Reverse Mortgage Scams Reverse Mortgage Scams A reverse mortgage, aka home equity conversion mortgage (HECM,) is a loan product that allows a homeowner to access the property’s unencumbered value. It can be a useful way for senior citizens to increase their income in retirement. According to the FBI and the Office of …

Knowledgebase Tech & Device Scams Identifying Malware/Viruses Scams Definition of Malware and Virus Scams Most people these days use computers of some sort to store their most precious personal information and transact their most vital transactions, even if just a smartphone. This has given the ill-intended incredible motivation to break into people’s digital worlds and …