Investigations

‘I was in a trance’: A tech executive was scammed out of $450K as part of a cruel romance grift called ‘pig butchering’

The following article is provided by Yahoo! Finance. “Pig Butchering” schemes by scammers refer to their victims as ‘pigs’ because the scammers will use elaborate storylines to ‘fatten up’ victims into believing they are in a romantic or close personal relationship.   Shreya Datta had been swiping through dating apps for months before she met …

‘I was in a trance’: A tech executive was scammed out of $450K as part of a cruel romance grift called ‘pig butchering’ Read More »

$1 Billion in Losses Reported by Victims of Romance Scams

HOUSTON, TX—In 2021, some 24,000 victims across the United States reported losing approximately $1 billion to romance scams.1 It’s likely that many more losses went unreported. Romance scams occur when a criminal adopts a fake online identity to gain a victim’s affection and trust. The scammer then uses the illusion of a romantic or close relationship …

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FBI warns of romance scams ahead of Valentine’s Day

As the warning from the FBI states, the public should not be surprised by an increase of romance scams before Valentine’s Day. The nature of the holiday itself lends to this increase, with predators understanding how to exploit human emotions associated with this day.   The Private Investigation Services Group in Bluffton, SC, encourages those who …

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U.S. Law Enforcement Targets Fraud Facilitators, Doubling Last Year’s Enforcement

The Department of Justice, FBI, U.S. Postal Inspection Service and five other federal law enforcement agencies announced the completion of the fourth annual Money Mule Initiative, which targeted networks of individuals through which international fraudsters obtain proceeds of fraud schemes. These individuals, sometimes referred to as money mules, receive money from fraud victims and forward the …

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Federal Grand Jury Indicts Atlanta Man For His Role In Romance Fraud Scheme

This recent FBI Bulletin regarding romance fraud sadly calls to our attention those who continue to prey on the vulnerable in our society. This crime, laughable to some, continues because it regrettably works, and works well. According to the Federal Trade Commission, reported romance scams reached a record $304 million in losses in 2020. What’s …

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Acting U.S. Attorney DeHart Urges Public to be Vigilant of Internet Crimes, After South Carolinians Lost More Than $30 Million in 2020 to Cybercriminals

Charleston, South Carolina — Acting United States Attorney M. Rhett DeHart announced today that, according to the Federal Bureau of Investigation’s 2020 Internet Crime Report, South Carolinians lost more than $30 million to cyber criminals in the past year.  Acting U.S. Attorney DeHart urges the public to remain vigilant of cybercrimes, so they do not fall victim. “Cybercrimes …

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Albany Man Pleads Guilty to Wire Fraud Conspiracy in Connection with Romance Scams

It is becoming increasingly difficult to keep track to the growing body of cases involving Internet-based “romance fraud.” Sadly, the FBI Internet Crime Complaint Center (IC3) reports that “romance fraud is the seventh-most reported scam” (IC3 Public Service Announcement, 8/15/2019). While your chances of being targeted are statistically remote, it is clear that  scammers are …

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Department of Justice Charges Unprecedented Number of Elder Fraud Defendants Nationwide and Launches Hotline

PORTLAND—U.S. Attorney Billy J. Williams joined Attorney General William P. Barr, FBI Director Christopher A. Wray, and Chief Postal Inspector Gary R. Barksdale today in announcing the largest coordinated sweep of elder fraud cases in history. This year, prosecutors charged more than 400 defendants, far surpassing the 260 defendants charged in cases as part of …

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Founder of Mantria Corp. Sentenced to 22 Years For Operating $54 Million Ponzi Scheme

In this August 22 press release, the U.S. Attorney in Philadelphia describes how unscrupulous businessmen defrauded trusting investors by promising unrealistic returns on their investment. In fact, one was so brazen that he created a second fraudulent investment while on bail from the original fraud. No matter where you live, or what the nature of the investment …

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