What is Elder Fraud?

Elder fraud is a term to describe a fraudulent activity that targets the elderly. It includes a variety of different schemes, including romance scams, lottery scams, tech-support scams, family scams, government impersonation scams, etc. Many malicious actors and scammers target elders specifically, usually because they are more trusting, often have less knowledge about computers and other electronics, are more likely to have savings, and have good credit. According to the FBI, millions of elderly Americans fall victim to some kind of fraud, with hundreds of millions of dollars in losses reported every year.

What is illegal sports betting?

Illegal sports betting, or illegal gambling, refers to placing bets with illegal sports betting operations. Depending on where you are located, laws on betting will be different. Something that is illegal in one country/state may be legal in another so it’s important to know the laws before participating in sports betting. In the US, the online sports betting industry is huge but many betting sites are still operating unlawfully. Participating in an illegal betting operation could have serious consequences, including funding of organized crime, and the possibility of extortion and violence.

What is business fraud?

Business fraud, also known as corporate fraud, is a broad term to describe fraudulent activities carried out by an individual or a company for the benefit of the perpetrator. Charity fraud, non-delivery and non-payment fraud, Internet auction fraud fall into the business fraud category. Furthermore, in most cases, anything illegal a company does is called business fraud. For example, falsifying a company’s financial accounting records to make the company more attractive to investors would be business fraud. As would be purposely disguising flaws of a product a company is developing.

What is a Nigerian Letter or “419” Fraud

Nigerian Letter or 419 fraud refers to a particular type of scam that involves scammers contacting potential victims with an opportunity to earn millions of dollars if they help illegally transfer funds from Nigeria.

What is sextortion?

Sextortion is a term that describes a broad category of sexual exploitation crimes, usually involving abuse of power, coercion, and threats to release sexual images and/or information. While there are many types of sextortion and anyone can become a victim, the Federal Bureau of Investigations (FBI) notes that there has been a significant increase in sextortion cases involving children and teens. A worrying statistic shows that children and teens are being coerced into sending explicit images of themselves to predators online.

What are Advance Fee Schemes?

Advance Fee Schemes are a type of fraud that involve criminals promising victims large sums of money or other rewards if they agree to pay a small up-front payment. These types of scams are usually long-term and involve gaining the victim’s trust before carrying out the scam.

What are Fraudulent Cosmetics and “Anti-Aging” Products

Fraudulent cosmetics and “anti-aging” products refer counterfeit cosmetics that are often sold on the Internet.

What is Internet Auction Fraud?

Internet Auction Fraud refers to a particular type of cybercrime that happens on online auction platforms. It covers a wide range of fraud, including undelivered and wrong items, hidden charges and stolen money. Common signs of an internet auction fraud include the item never arriving, the item being different from what was advertised or of poor quality, and you being charged for hidden costs you were not informed about. Internet auction fraud also includes sellers placing fake bids on their own items to inflate the prices.

Every year, thousands of people all over the world lose their money to what’s called a romance scam. In just the USA alone, victims lost $304 million in 2020. And that’s just the amount reported to the Federal Trade Commission (FTC). Many victims feel ashamed of having fallen for a romance scam thus do not report the crime, which means the losses are likely to be much higher.