FTC, Law Enforcement and Scams

FTC Warns Of COVID Scams, Cracks Down On Fake Job Schemes

PYMNTS

DECEMBER 14, 2020

The Federal Trade Commission (FTC) has announced a new operation, Operation Income Illusion, to crack down on fraudsters targeting victims with fake promises of jobs or income, according to a press release. The FTC is working with 19 other federal, state and local law enforcement partners in the effort.

FTC

FTC Scams Federal Trade Commission Law Enforcement

Law Enforcement Cracks Down On Corporate Payments Fraud

PYMNTS

DECEMBER 23, 2019

While law enforcement officials are now probing the matter, County Executive Dan McCoy denies any accusations of payroll fraud or abuse. The Federal Trade Commission (FTC) refunded $2.6 The FTC said the company would send more than 30,000 checks — each averaging $86 — to the SMB scam victims.

Law Enforcement

Law Enforcement Laws FTC SWIFT

FTC Provides Testimony On Anti-Fraud Efforts Amid Pandemic

PYMNTS

JULY 21, 2020

The Federal Trade Commission (FTC) testified before the Senate Commerce Subcommittee on Manufacturing, Trade and Consumer Protection on Tuesday (July 21), detailing its efforts to combat coronavirus-related fraud, including sending warning letters and trying to educate customers on how to spot a scam, according to a press release.

FTC

FTC Federal Trade Commission Scams Law Enforcement

Webinars

7 Essential Criteria for Choosing the Right Payments Partner

MORE WEBINARS

Allied Wallet Settles With FTC Over Fraudulent Payment Allegations

PYMNTS

MAY 21, 2019

Payment company Allied Wallet and its owner, Ahmad Khawaja, as well as two officers, Mohammad Diab and Amy Rountree, have settled with the Federal Trade Commission (FTC) over allegations of knowingly processing fraudulent transactions related to scams, the FTC reported on Tuesday (May 21). Rountree’s $320,429.82

FTC

FTC Federal Trade Commission Law Enforcement Scams

FTC?s Operation Main Street Helps Protect SMBs From Fraud

PYMNTS

JUNE 19, 2018

The Federal Trade Commission (FTC) has announced a new law enforcement initiative targeting operations seeking to defraud small businesses. attorneys’ offices and the Better Business Bureau (BBB), the FTC has released the results of Operation Main Street: Stopping Small Business Scams. Millions of U.S.

FTC

FTC Law Enforcement Scams Federal Trade Commission

‘Tis the Season for Fraud: How to Keep Your Holidays Scam-Free

Center for Payments

NOVEMBER 21, 2023

The FBI works to raise awareness of the types of scams that are common around the holidays and how you can protect yourself and your customers or members. Charity Scams Scammers are aware of the “giving season” and will often create fake crowdfunding campaigns and charities to exploit people’s goodwill.

Holiday Scams

Holiday Scams Scams FBI Federal Trade Commission

Allied Wallet Settles With FTC Over Fraud Charges

PYMNTS

JUNE 7, 2019

Allied Wallet , an online payment provider and a client of Wirecard, settled with the Federal Trade Commission (FTC) last month over charges that it helped facilitate fraud and launder money, according to a report by the Financial Times. to hide non-EU merchants, a move that the FTC said “enabled U.S. financial system.”.

FTC

FTC Federal Trade Commission Money Laundering Law Enforcement

Pandemic Scammers Robbed US Consumers Of More Than $77M

PYMNTS

JULY 7, 2020

Americans have lost more than $77 million in COVID-19 fraud since the start of the year, according to the Federal Trade Commission (FTC). But that number misses an unprecedented scope of scams connected to the coronavirus, according to John Breyault , a spokesman for the National Consumers League , the Washington, D.C.-based

Federal Trade Commission

Federal Trade Commission FTC Consumer Scams

FTC Sends Out Checks To Consumers Affected By Auto Loan Modification Scheme

PYMNTS

JUNE 16, 2017

The Federal Trade Commission (FTC) announced news that it is mailing 288 checks totaling more than $109,000 to victims of an auto loan modification scam. Affected consumers will receive full refunds based on information they reported to law enforcement, with the average amount being $380. at 866-591-7249.

FTC

FTC Checks Federal Trade Commission Law Enforcement

Debt Collection Tops ID Theft On FTC Complaint List

PYMNTS

MARCH 2, 2016

Among the key subjects of complaints that washed over the Federal Trade Commission’s Consumer Sentinel Network last year included debt collection, identity theft and scams related to impostors. The identity theft designation has been the top complaint category for the past 15 years, said the FTC.

FTC

FTC Identity Theft Law Enforcement Scams

DOJ Works To Shut Down Over 300 Fraudulent Websites Exploiting Pandemic

PYMNTS

AUGUST 12, 2020

Federal law enforcement officers alleged thousands of buyers in every U.S. payment processor to execute the scheme and keep it hidden from law enforcement, the release stated. Twenty-two percent of Americans have reported being targeted by COVID-19-related fraud, and these scams have seen more than 1.2

Law Enforcement

Law Enforcement Federal Trade Commission Financial Crimes Scams

Data Dive, Fall Chill Edition: Fraudsters, Sears And India’s Data Privacy Laws

PYMNTS

OCTOBER 22, 2018

In yet another addition to the “why we can’t have nice things” files, the Federal Trade Commission (FTC) released a report this week indicated that fraudsters love gifts cards to the extent that many are requesting them as a form of payment these days. Gift Cards’ New Unfavorable Fans. They may even call iTunes cards ‘payment vouchers.’

Laws

Laws Privacy FTC Push-to-Card

Data Dive: The Yes, No, Gotcha! Edition

PYMNTS

JANUARY 8, 2018

And the world learned that the Nigerian royalty that has been trying to scam them for the last several years is neither Nigerian nor a prince – just a guy from Georgia with a side hustle working for scammers. Therefore, today’s memo on federal marijuana enforcement simply directs all U.S. Good Tax Lending Karma.

Tax Refunds

Tax Refunds Scams Legal Wires

Business Scams, Everywhere, Phishing For Funds

PYMNTS

JUNE 20, 2018

Business scams are nothing new. This past week saw the Federal Trade Commission (FTC) announce a new law enforcement initiative that focuses on bad actors who seek to commit crimes against small businesses. Want more proof of email as a favorite scamming tool?

Scams

Scams Phishing Federal Trade Commission Wire

Analysis Claims $88.6M Laundered Via Crypto Exchanges

PYMNTS

SEPTEMBER 28, 2018

For years, law enforcement has feared that bitcoin could make money laundering easier. The newspaper claims that law enforcement possibly seized under $2 million of the funds that the paper analyzed. According to its analysis, which it is said only included “a narrow slice of suspected criminal behavior,” $88.6

Consumer Financial Protection Bureau (CFPB)

Consumer Financial Protection Bureau (CFPB) Money Laundering Law Enforcement Federal Trade Commission

Payments Space

FTC Warns Of COVID Scams, Cracks Down On Fake Job Schemes

Law Enforcement Cracks Down On Corporate Payments Fraud

FTC Provides Testimony On Anti-Fraud Efforts Amid Pandemic

Webinars

Allied Wallet Settles With FTC Over Fraudulent Payment Allegations

FTC?s Operation Main Street Helps Protect SMBs From Fraud

‘Tis the Season for Fraud: How to Keep Your Holidays Scam-Free

Allied Wallet Settles With FTC Over Fraud Charges

Pandemic Scammers Robbed US Consumers Of More Than $77M

FTC Sends Out Checks To Consumers Affected By Auto Loan Modification Scheme

Debt Collection Tops ID Theft On FTC Complaint List

DOJ Works To Shut Down Over 300 Fraudulent Websites Exploiting Pandemic

Data Dive, Fall Chill Edition: Fraudsters, Sears And India’s Data Privacy Laws

Data Dive: The Yes, No, Gotcha! Edition

Top 5 Fraud and Financial Crime Topics of 2021

Business Scams, Everywhere, Phishing For Funds

Analysis Claims $88.6M Laundered Via Crypto Exchanges

Stay Connected