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Tag Archives: fraud

Nigerian Fraudster Admits Role in 2 Million Dollar Fraud Scheme

In early 2018, a Nigerian fraudster responsible for the theft of millions of dollars from companies in the United States pleaded guilty to fraud and identity theft charges. The fraudster, a 31-year-old named Adeyemi Odufuye, admitted that he worked with others to trick unsuspecting employees to wire millions of dollars to bank accounts under Odufuye’s control. The Nigerian citizen pleaded ... Read More »

Bank cards

Two Men Jailed For Role in Cloned Credit Card Fraud

Credit Card cloning has been in the cybercrime world for quite some time now and even though efforts have been made to try and stop this act, such as alerts whenever an authorized charge appears on your card, cybercriminals have diverted their attention to devising new means to overcome these boundaries of security measures. The new thing in town is ... Read More »

Bank cards

Four School Dropouts from Jharkhand Arrested For Online Fraud

Jharkhand has been labeled as the global capital of cyber fraud. This district hosts several cybercriminals and the majority of them are school dropouts. In response to this, the Indian government has taken initiatives to train policemen to crackdown electronic fraud. The police, in the middle of the year arrested 100 people from the district, and most of them were ... Read More »

Darknet Drug and Fraud Vendor Gets a 12 Year Prison Sentence

The Thuringian State Criminal Police Office arrested a pair of darknet dealers in late 2016 for narcotic trafficking in as many as 4,000 separate cases. Like many modern vendors, they attracted police attention after the post office returned one of their packages to a random recipient who, in turn, gave the package to the police. The package lacked the proper ... Read More »

Alphabay Mod “Trappy” Charged with Fraud in Atlanta

In Atlanta, a 24-year-old Illinois man pleaded not guilty to performing the role of a so-called “public relations specialist” for the Alphabay marketplace. This public relations specialist, as common sense would dictate, was none other than the market’s very own “Trappy_AB.” Ronald L. Wheeler III of Streamwood, Illinois, entered a plea of not guilty before federal Magistrate Judge Janet King ... Read More »

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 »