The losses suffered by Americans as a result of fraudulent bank transfers and payments have significantly increased over the past five years, according to government numbers. Data from the Federal Trade Commission (FTC) shows that US consumers lost $2.088 billion to fraudulent bank transfers and payments in 2024. The amount is significantly higher than the […]
The post US Consumers Lose $2,088,000,000 to Fraudulent Bank Transfers and Payments, According to FTC appeared first on The Daily Hodl.
The US government is asking victims of a recently busted crypto fraud scheme to come forward to collect their lost money. In a press release from the U.S. Attorney’s Office for the Eastern District of Virginia, officials say they have recovered and cleared the title to $7 million of investment fraud proceeds using civil asset […]
The post $7,000,000 Up for Grabs As Feds Tell Crypto Fraud Victims To Come Recover Their Money appeared first on The Daily Hodl.
Scammers are forging arrest warrants for missed jury duty, demanding payment in bitcoin and gift cards. They use realistic court-style documents and urgent threats to exploit fear of arrest. Court Warns of Forged Arrest Warrants Tied to Bitcoin Demands Over Missed Jury Duty The U.S. District Court of the Western District of Virginia announced on […]
The U.S. state of Montana is considering new digital asset regulations as crypto scams surge, targeting vulnerable residents with fraud schemes and driving a sharp rise in financial losses. Montana Ramps up Fight Against Digital Asset Scams Montana Commissioner of Securities and Insurance James Brown issued a warning this week over a surge in cryptocurrency-related […]
A cryptocurrency CEO has been convicted of wire fraud and money laundering after deceiving investors, raising millions through false claims, and laundering funds for personal luxury purchases. AML Bitcoin Founder Convicted in Multi-Million Dollar Fraud Case A federal jury in San Francisco has convicted Rowland Marcus Andrade, the founder and CEO behind AML Bitcoin, of […]
Crypto scams are draining wallets fast, using AI fraud, fake mining, and Ponzi schemes—so advanced that regulators struggle to keep up. 24 Brutal Crypto Scams Hunting Investors — The Tactics Draining Wallets Fast Cryptocurrency scams continue to pose a growing threat to investors, with fraudsters using increasingly sophisticated tactics to steal funds and personal information. […]
A podcaster turned crypto conman swindled investors out of $2 million, using fake businesses and pop culture references before vanishing—until a Vegas arrest sealed his fate. From Podcast Fame to Prison: How Investors Were Fooled for Years The U.S. Department of Justice (DOJ) announced on March 14 that Brooklyn podcaster and cryptocurrency personality Thomas John […]
Fake “investment education foundations” use deceptive trials and bogus loans to scam cryptocurrency investors, North Dakota regulators warn. Regulator Sounds the Alarm: Fake ‘Investment Education’ Scams Are Out of Control The North Dakota Securities Department has issued a warning about fraudulent “investment education foundations” that claim to teach investors about cryptocurrency and stocks while secretly […]
New reports show JPMorgan Chase, Wells Fargo and Bank of America are closing the door on customers hit by fraud, rejecting their claims and refusing to reimburse their accounts. JPMorgan Chase refused to refund a customer in Northern California after a scammer used a fake driver’s license to initiate unauthorized withdrawals, reports the ABC-affiliated news […]
The post JPMorgan Chase, Wells Fargo and Bank of America Refuse To Reimburse Customers After Scammers Attack Accounts: Reports appeared first on The Daily Hodl.
A Wells Fargo customer is facing a decade in prison after taking advantage of an arrangement with the bank to steal nearly $1 million. California resident Kenneth Gould, who ran a payroll services firm, has pleaded guilty to bank larceny after stealing $830,000 from the banking giant, reports FOX 26 News. Court documents show Gould […]
The post $830,000 Drained From Wells Fargo As Customer Executes Brazen Attack, Triggers Fraudulent Bank Transfers: Report appeared first on The Daily Hodl.
