CFPB-PR-241204-2 (12-04-24) CFPB Bans Student Loan Pro and Owner for Fee Harvesting Scheme – Company unlawfully charged upfront fees to borrowers for accessing free debt relief programs Excerpt: WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) took action to permanently ban Student Loan Pro and Judith Noh, its owner, from offering or providing consumer […]
Month: December 2024
Securities and Commodities Fraud – Article ( Articles ) Securities and Commodities Fraud (SCF) Introduction SCF are serious offenses that can lead to significant financial losses for investors and undermine the integrity of financial markets. This article will explore the nature of these frauds, highlight the CFTC RED List, and discuss the SEC PAUSE program designed to […]
Elder Financial Exploitation – Article ( Articles ) Elder Financial Exploitation (EFE) A Growing Threat EFE, the illegal or unethical use of an older adult’s funds, assets, or property, is a growing concern worldwide. This insidious crime often targets vulnerable individuals, exploiting their trust, cognitive decline, or social isolation. It can take various forms, from […]
Investment Fraud – Article ( Articles ) Investment Fraud (I-Fraud) Recognizing and Avoiding the Pitfalls I-Fraud encompasses a wide range of deceptive schemes designed to trick investors into losing their hard-earned money. These scams often prey on people’s desire for quick and easy profits, exploiting their lack of financial knowledge and trust. This article will […]
Social Engineering – Article ( Articles ) Social Engineering (SE) The Art of Manipulation SE is a deceptive tactic used by malicious actors to gain access to sensitive information or systems by manipulating human psychology and trust. Unlike traditional hacking methods that rely on technical vulnerabilities, SE exploits human weaknesses, often through clever persuasion and […]
Government Grant Scams – Article ( Articles ) Government Grant Scams (GGS) Understanding the Risks and Recognizing Legitimate Opportunities GGS are a growing concern for individuals and organizations seeking financial assistance. Scammers often exploit the allure of free money, leading unsuspecting victims to lose their hard-earned money or personal information. This article will explore the […]
Directory Scams – Article ( Articles ) Directory Scams (D-Scams) How to Spot and Avoid Them D-Scams prey on businesses seeking to enhance their online presence and attract new customers. These scams often masquerade as legitimate business directories, but their true intention is to extract money from unsuspecting companies. Here’s how to differentiate between legitimate […]
Wire Fraud – Article ( Articles ) Wire Fraud (WF) Understanding the Crime and Its Consequences WF is a serious criminal offense that involves the use of electronic communications to intentionally deceive individuals or organizations for financial gain. This type of fraud can take many forms and is often executed through various means, including phone […]
Account Takeovers – Article ( Articles ) Account Takeovers (ATO) A Growing Threat in the Digital Age ATO, also known as account hijacking, are a serious cybersecurity threat where malicious actors gain unauthorized access to online accounts, including email, social media, banking, and even cryptocurrency wallets. These takeovers can have devastating consequences for individuals and […]
Invoice Fraud – Article ( Articles ) Invoice Fraud (I-Fraud) A Growing Threat to Businesses I-Fraud is a type of financial crime that involves the manipulation of invoices to defraud businesses and individuals. This can take many forms, but the core principle remains the same: criminals aim to deceive victims into making payments for goods […]