Financial Fraud Law

Recent Posts

Scammers Increasingly Relying on Internet-Enabled Phone Technology to Reach Victims, Consumer Group Says
Posted on 23 Jan 2014 by Steven A. Meyerowitz

In more than 36 percent of all consumer complaints in 2013, victims were contacted by phone, the National Consumers League is reporting. This figure is up from approximately 25 percent in 2012. Using Internet calling software, scammers can peddle their... Read More

Love, Online Dating and Financial Fraud: A Cautionary Tale for Valentine's Day
Posted on 13 Feb 2014 by Steven A. Meyerowitz

Millions of Americans visit online dating websites every year hoping to find a companion or even a soulmate. But as Valentine’s Day gets closer, we here at the Financial Fraud Law Blog and the Financial Fraud Law Report want to warn you that criminals... Read More

Website Operator Tricked Consumers with Phony Information about Obamacare, FTC Alleges
Posted on 28 Jan 2014 by Steven A. Meyerowitz

The Federal Trade Commission is taking action against a website operator that allegedly tricked consumers – in advance of the roll-out of the Affordable Care Act (ACA) – with spam emails that falsely claimed that consumers would be violating... Read More

Marketer Settles FTC Charges He Sent Millions of Deceptive, Unwanted Text Messages
Posted on 6 Feb 2014 by Steven A. Meyerowitz

An affiliate marketer has agreed to settle Federal Trade Commission charges that he was responsible for sending millions of unwanted text messages to consumers that deceptively promised “free” gift cards and electronics. In its complaint... Read More

‘SpyEye’ Creator Pleads Guilty to Conspiracy to Commit Wire and Bank Fraud
Posted on 29 Jan 2014 by Steven A. Meyerowitz

Aleksandr Andreevich Panin, a Russian national also known as “Gribodemon” and “Harderman,” has pleaded guilty to conspiracy to commit wire and bank fraud for his role as the primary developer and distributor of the malicious software... Read More

Facebook and Twitter Fraud Thwarted, SEC Says
Posted on 7 Mar 2014 by Steven A. Meyerowitz

The Securities and Exchange Commission has brought an emergency enforcement action to stop what it characterized as a fraudulent pyramid scheme by phony companies masquerading as a legitimate international investment firm. Toward that end, the SEC... Read More

Cryptolocker: A New Breed of Computer Malware, Feds Warn
Posted on 19 Feb 2014 by Steven A. Meyerowitz

How much is everything on your computer worth to you? About $300? The financial fraudsters behind a new malware program are betting on it. The Federal Trade Commission, the FBI, and other federal agencies are warning consumers and businesses about... Read More

A Byte Out of Financial Fraud History: $10 Million Hack, 1994-Style
Posted on 4 Feb 2014 by Steven A. Meyerowitz

Two decades ago, a group of enterprising criminals on multiple continents – led by a young computer programmer in St. Petersburg, Russia – hacked into the electronic systems of a major U.S. bank and secretly started stealing money. No mask... Read More

What This Country Needs Is a Good National Standard for Reporting Cyberattacks. At Least that’s What Attorney General Holder Says
Posted on 24 Feb 2014 by Steven A. Meyerowitz

In a video message, Attorney General Eric Holder called on Congress to create a strong, national standard for quickly alerting consumers whose information may be compromised by cyberattacks. Holder said that this legislation would strengthen the Justice... Read More

Microsoft Technical Support Scam Reaches US from Overseas
Posted on 24 Feb 2014 by Steven A. Meyerowitz

A growing number of U.S. consumers are being contacted by scam artists posing as representatives of Microsoft or an organization allegedly affiliated with Microsoft, such as P.C. Solutions. In some cases, the callers even spoof the telephone’s Caller... Read More