check fraud
Russian hackers target job-seekers with counterfeit scam
5:00PM 7/29/2010
A rogue Russian counterfeiting operation cranked out $9 million worth of fake checks and cashed them using two familiar ruses for duping consumers: posting fake "help wanted" ads to job-search sites, and convincing applicants to act as "money-mules" to bulk-cash bogus checks.
One of the most famous fraudsters ever, Frank Abagnale, offers up some tips to help consumers avoid becoming victims of check fraud. He's notorious for traveling the world and cashing $2.5 million in bad checks in the 1960. His story was the inspiration for the movie Catch Me If You Can.
On his...
The key to a successful financial fraud: Believability
9:30AM 5/02/2008
Ask any white collar criminal (past or present) and they will likely tell you that one of the main factors in getting away with their crimes (at least for a while) was the believability factor. Above all else, those in the position to be ripped off had to believe in the white collar criminal.So it...
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