Thursday, December 14, 2017

Collecting Fraud

People collect all sorts of memorabilia including stamps, comic books, stuffed animals, coins and baseball cards to name just a few. Usually, collectors spend their own money to add something new to their prized collection, but a neurologist from Michigan spent nearly $2 million...

Violated by Fraud Part 2

This is a continuation from Friday's Fraud of the Day detailing a true story of a LexisNexis colleague's overwhelming experience with identity theft. Let's just call him Bill. If you haven't read last Friday's Fraud of the Day, click here. They leveraged a resource in the...

Guest Writer: Frank Abagnale

By now you've heard about the recent spate of data breaches that took place over the holiday season with a number of retailers. The stories have ranged from the number of people potentially affected to a growing ''blame game'' between the financial services and...

What is SNAP Fraud?

The U.S. Department of Agriculture's Supplemental Nutrition Assistance Program (SNAP), which offers nutrition assistance to millions of eligible beneficiaries, is a prime target for criminals. This video describes how retailers and beneficiaries use SNAP to steal government benefits they do not deserve and suggests...

Tis the Season for Tax Fraud

The Internal Revenue Service (IRS) considers Stolen Identity Refund Fraud (SIRF) to be at the top of the list for tax fraud in addition to a host of other scams that can be just as damaging. As American taxpayers prepare to submit their tax...

Fastest Growing Fraud

It looks like identity theft fraudsters are at it again. As if ''true-name'' or traditional identity theft is not bad enough, it looks like ''synthetic'' identity theft is an even bigger challenge that is wreaking havoc with millions of credit reports across the...

Whether Needed or Not

A lot of Medicare fraud occurs when claims for medical services allegedly rendered are submitted, regardless of whether the patient needed it or not. Unscrupulous providers who submit these fraudulent claims are counting on their elderly patients to not look too closely at their...

Hide and Go Seek

Fraudsters tend to think that if they can hide stolen money or benefits, the government will never be able to find them or their secret stash. (However, the government is pretty good at playing Hide and Go Seek. They know all of the hiding...

You Can’t Make This Up

The Internal Revenue Service (IRS) has a great list of tips for choosing a tax return preparer. One tip mentions the importance of reviewing the entire return before signing it. (This is obviously so any errors can be caught before sending it in.) A...

A Car Loan before Kindergarten?

Parents expect to worry about certain things? are their kids hitting all the key developmental milestones? Should the kids be spending so much time on the computer? Are they doing well in school? Now, according to today's fraud from The Salt Lake Tribune, they...
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