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Tag Archives: fraud

Hacker Attempted to Extort a Fraud Market Admin

In late October, an alleged hacker uploaded a warning to the administrators of Basetools.ws, a clearnet fraud marketplace. The hacker’s warning came in a Pastebin post as part of a threat that if the admins refused to pay a ransom fee, the hacker would release information on the site’s owner(s). Not only would the hacker reveal information on the suspected ... Read More »

Employee of Coin.Mx Operator Gets 16 Months Sentence

A Ukrainian software engineer from Florida received a 16 months prison sentence for his role in creating a Bitcoin scam, using an illegal Bitcoin exchange, Coin.mx, to launder money for a global hacking network which targeted financial and publishing firms. US District Judge Alison Nathan on Friday, sentenced the accused, Yuri Lebedev after he was convicted earlier this year by ... Read More »

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Dispatch from Academia: Exit scams, hacking, violence, predation and fraud

Rasmus is a PhD student at the School of Criminology at University of Montréal. He has studied DNM’s since early 2014 and has, among other things, researched the politics of DNM’s, the demand DNM’s satisfy, how DNM’s affect global drug trafficking and much more. Currently his PHD research centers around trust and transactions on DNM’s, and he works with leading ... Read More »

The 33-year-old suspect is facing 68 charges relating to the crimes he allegedly committed on the dark web forum.

Queensland Man Charged With Over 100 Fraud And Identity Charges

A 25-year-old man has been arrested by the Queensland cybercrime police on 106 charges relating to Commonwealth fraud and identity crime worth more than $500,000. His arrest came on the 5th of October after a joint investigation was launched by the Financial and Cyber Crime Group, State Crime Command and the Criminal Law Investigations area of the Australian Taxation Office ... Read More »

Early Fraud Detection System Unveiled By MasterCard

  With the world continuing to experience great change, leading to many developments in the electronic and IT sectors, the familiar situation thus theft and hacking continue to increase. According to research, hacking is rising exponentially and this always gives the cause for worry about hackers gaining access to your credit cards and making a grab for your money. This ... Read More »

Young German Sentenced To Probation For Committing Fraud

German police arrested a young suspect for allegedly committing fraud with the use of the dark web. He was sentenced to probation recently. A 22-year-old man of Höchstadt, Bavaria, Germany was sentenced to probation for committing over 5,000 euros worth of damage to the victims with his fraudulent activities. According to the court documents, the defendant “teamed up with the ... Read More »

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Man Used a Printer and Stolen Identities to Commit $60,000 Wire Transfer Fraud

In Gelsenkirchen, a city in North Rhine-Westphalia, Germany, a 40-year-old stood before a judge at the District Court of Essen for “large-scale” bank fraud. According to the public prosecutor, he defrauded thousands of unsuspecting German citizens. The investigation, though, focused mainly on Bavarian victims as they lost their sensitive information the most frequently. This form of fraud, the prosecution alleged, ... Read More »

German Accused Of Committing Large Scale Fraud

Authorities accused a German man of committing large scale fraud. He allegedly purchased compromised bank accounts on the dark web and used those to transfer funds to his own accounts causing serious damage to the victims. A 40-year-old man of Gelsenkirchen, North-Rhine Westphalia is standing in court facing charges of large scale fraud. According to the accusation, before the court ... Read More »

A Sri Lankan Arrested For Credit Card Fraud Sold On Darknet

  Three young men, including a Sri Lankan, have been arrested by the police for possessing around 144 fake credit cards. The Central Crime Branch police identified them as Nawaz Sherrief (22), Nadeem Sherrief (30), and Divya. Divyan is from Sri Lanka and the other two are from Kanaka Nagar and HBR Layout respectively. Credit cards are sold in large ... Read More »

Special Task Force in India Uncovers Credit Fraud Group

Police in Uttar Pradesh, India, recently discovered a group of “techies and students” that bought and sold credit card numbers. The group used the stolen credit cards to buy expensive items on the internet. And then resold them at low prices to their friends. A Special Task Force (STF) of UP Police found the group while investigating fraud for an ... Read More »

Five National Guard Members Charged for Bitcoin Fraud

Recently returned and unsealed indictments accused Five National Guard guardsmen for Bitcoin, credit card, or access device fraud. All four defendants used Bitcoin to purchase stolen debit and credit cards from the internet. Then, according to the indictment, the men encoded blank cards with the stolen ones and made fraudulent purchases at Army and Air Force Exchange Service (AAFES) stores ... Read More »

Fraud Group Used Stolen Databases to Pick Victims

Marking an important moment in an investigation that started last May, the Civil Guard in Murcia, Spain arrested two key players of a identity fraud ring. The investigation took place under the name “Operation Darkweb,” (but not to be confused with an ongoing drug investigation in Spain). This investigation pinpointed into two men who participated in a network of fraudulent ... Read More »

Two Members of a Spain-based Mobile Phone Fraud Network Arrested

Two persons were arrested in Jumilla, Spain for being part of a network that fraudulently purchased smartphones from service providers. The Civil Guard of the Region of Murcia carried out a law enforcement action, called “Operation Darkweb” in Jumilla, to clarify a series of scams in the acquisition of mobile phones. The operation resulted in the arrest of two people ... Read More »