Wednesday, March 20, 2019

No Laughing Matter

The Friars Club is a private institution in Manhattan, New York known for uproarious roasts and celebrity events for its members who are well-known in the entertainment industry. (Famous members include the likes of Frank Sinatra, Jack Benny and Lucille Ball as well as current entertainers...

Groupthink

Fraudsters can be said to suffer from “Groupthink,” a way of thinking where a group of individuals reaches a conclusion that is thought to be correct, whether it is or not. Fraudsters tend to think that they deserve to receive government benefits when they really don’t....

Running Amok

When people are said to “run amok,” chaos ensues and things can get out of control. Fraudsters are adept at creating chaos as today’s article depicts. Two brothers from Newport News, Virginia used stolen identities to apply for and open bank and retail store accounts. (That...

Manipulating the System

For patients that have isolated joint conditions with scar tissue, manipulation under anesthesia (MUA) is a procedure that improves range of motion with less pain. (Anesthesia helps to sedate patients, so they experience less muscle spasms and resistance while gaining range of motion.) A...

Afraid of the Dark

Having a fear of the dark is pretty common for children, but not usually for adults unless you’re talking about the “dark web.” (The “dark web” is kind of like the Boogey Man or monsters under the bed for grown-ups. It’s also the part...

Love Triangle

Today’s fraudster from Tamuning, Guam must have trusted his American friend implicitly. He convinced said “friend” to marry his girlfriend so she could receive a permanent resident card. (She was unlawfully present in the United States under the Guam Visa Waiver Program, which was...

What’s the Message Getting Through?

 Because Guam – a Micronesian island located in the Pacific Ocean – is a territory of the United States, its citizens are eligible to participate in the U.S. Department of Agriculture’s (USDA) Supplemental Nutrition Assistance Program (SNAP). USDA’s Food and Nutrition Service (FNS), which...

Low-hanging Fruit

There are several reasons why identity thieves are leaving credit card fraud behind and going for auto finance fraud. Basically, chips in credit cards have made it more difficult to conduct fraudulent transactions, auto finance fraud is low-hanging fruit and identity thieves are lazy....

Tele-fraudster

Telemedicine is credited with helping to improve how healthcare is delivered. Some of the benefits include fewer hospital admissions and re-admissions, improved commitments to following recommended courses of treatment and faster recovery for patients. It sounds like a win-win situation until you consider today’s...

The Bottom Line

The term “bottom line” generally refers to the last line of a financial statement that reveals whether an organization is making a profit or loss. It can also describe the most important thing that should be considered. The bottom line of today’s fraud article...
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