A whistleblower’s unsuccessful attempts to prod an investigation of defective airline parts manufactured in China underlines charges by senior aviation specialists that federal air safety authorities and law enforcement are failing when it comes to tackling an emerging global threat from counterfeiters, according to a Crime Report investigation.
Martin Shkreli, a pharmaceutical entrepreneur vilified for raising the price of a life-saving drug by 5,000 percent, faces trial for what federal prosecutors called a Ponzi-like scheme at his former hedge fund and a drug company he once ran.
Most Americans find frauds, scams and other crimes against the elderly morally repugnant. But their concern hasn’t been matched by the financial and investigative resources necessary to prosecute them in most U.S. jurisdictions.
As the U.S. population ages, scams and other frauds against the elderly have become a focus of law enforcement. But many victims fall through the cracks because of the uneven way elder abuse is reported, investigated and prosecuted around the country.
Employees at the bank, which has 40 million retail customers, issued debit cards without customers’ knowledge and assigned personal identification numbers without telling them, said the U.S. Consumer Financial Protection Bureau.
In September, police in Grand Rapids, MI arrested four people for skimming credit account numbers from gas pumps, copying the data onto new cards, and using them to buy thousands of dollars in gift cards at big box retailers. These were not local Michigan crooks, however. They were Cuban citizens living in South Florida. Across the U.S., Cuban crime rings are quietly stealing billions of dollars from U.S. businesses and taxpayers. It's a phenomenon we at the Sun Sentinel documented […]
Former New York Assembly Speaker Sheldon Silver, a longtime powerhouse of New York politics, was convicted of fraud and extortion last week. But shortly after the jury unanimously found him guilty on all seven counts of fraud and extortion, one juror admitted she still didn't understand the law. “It's still a gray area for me as far as what an Assemblyman is entitled or not entitled to,” she told The Wall Street Journal. She's not alone. When it comes to […]
Online scams based around social media and virtual currencies are on the rise, according to the FBI's annual report highlighting the Internet fraud complaints the agency receives. In 2014, the FBI's Internet Crime Complaint Center (IC3) received 269,422 complaints reporting an adjusted dollar loss of $800,492,0731 in losses. Twelve percent of complaints involved a social media aspect, according to the report. “The increased use of social media has provided a quintessential goldmine of personal data for perpetrators,” the report's authors […]
Elderly victims of financial abuse are unlikely to discuss their finances with other people, according to a study by Allianz Life, an insurance company, and as a result, the extent of fraud committed against the elderly may be underreported. Researchers conducted a survey of more than 2,000 Americans who were either older than 65, or who were friends and family of an elderly person and between the ages of 40 and 65. Among elderly respondents who had been the victims […]
Americans are increasingly victimized by medical identity theft schemes, according to a new study conducted by the Ponemon Institute, a private research firm. Researchers estimate that more than two million U.S. residents were the victims of medical identity theft in 2014, an increase of nearly 22 percent, or half a million people, from 2013. Medical identity theft occurs when an unauthorized person uses another's name or identification to receive medical services or pharmaceuticals. The findings are based on a survey […]