Wednesday, 21 Nov 2018
Category: fraud

WSJ reports that Theranos will finally dissolve

Theranos is reportedly finally closing down for good, nearly three years after a Wall Street Journal investigation called its blood testing technology into question. The WSJ said the company, whose dramatic downfall spawned a best-selling book that’s set to be filmed with Jennifer Lawrence starring as Theranos founder and CEO Elizabeth Holmes, sent shareholders an […]

Amazon is working with the FTC’s fraud investigation against Sellers Playbook

Amazon said today it is working with the Federal Trade Commission’s investigation into consumer fraud allegedly committed by Sellers Playbook, a Minnesota-based business that claimed to help Amazon sellers make more money. FTC and the state of Minnesota announced today that they have charged Sellers Playbook and its owner Jessie Tieva and CEO Matthew Tieva, […]

Twenty-four IRS phone scammers sentenced

Finally, a little justice for the scammers who prey on the unsuspecting. Twenty-four more phone scammers have received prison sentences of up to 20 years for fraud and money laundering. The extent of their efforts was truly staggering. One defendant, Miteshkumar Patel of Illinois, received 240 months in prison followed by three years of probation. […]

Bank says Ticketmaster knew of breach months before taking action

Ticketmaster UK announced on its site yesterday that it identified malicious malware on June 23rd that had affected nearly five percent of their customers, allowing an unknown third-party access to customers’ names, email addresses, telephone numbers, payment details and login information between February 2017 and June 23rd, 2018. The company says the breach can be […]

Riskified prevents fraud on your favorite e-commerce site

Meet Riskified, an Israel-based startup that has raised $64 million in total to fight online fraud. The company has built a service that helps you reject transactions from stolen credit cards and approve more transactions from legitimate clients. If you live in the U.S., chances are you know someone who noticed a fraudulent charge for […]