PYMNTS
APRIL 15, 2020
According to the FTC, there have been 18,235 reports of fraudulent activity or fraud attempts related to the coronavirus since Jan. million to fraud. On its website, the FTC breaks down the numbers of fraud cases by state. Fraud cases related to the pandemic have been surging with every passing week.
CFPB Monitor
DECEMBER 2, 2020
On November 20, 2020, the Nevada Supreme Court handed banks a significant victory by agreeing with the Defendant bank’s interpretation of a Nevada statute concerning the application of statutes of limitation. In 2019, the parties briefed the certified questions to the Nevada Supreme Court. In Cantlon v. Wells Fargo Bank, N.A.,
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
PYMNTS
JUNE 25, 2020
Gareth David Long, a 41-year-old Las Vegas resident, was sentenced to 70 months in prison for fraud for stealing money from victims’ accounts, the Department of Justice said in a press release. Long pled guilty in November of 2019 to a scheme where he committed wire fraud and aggravated identity theft.
PYMNTS
SEPTEMBER 17, 2020
which is based in Nevada, purportedly provides online retailers with fraud detection and prevention technology, according to the statement. “As Its complaint charges Rogas with going against the anti-fraud parts of federal securities regulations. 17) statement. million of investor money because of his alleged deception.
PYMNTS
JULY 27, 2016
Credit card fraud complaints in the U.S. ValuePenguin analyzed data collected by the Consumer Financial Protection Bureau and found that there were approximately 70,000 credit card fraud complaints submitted in 2015. At the state level, the number of credit card fraud complaints were much more pronounced. Across the U.S.,
PYMNTS
JUNE 23, 2019
Patrick McDonnell, a scammer that called himself the “coyote of Wall Street,” has pleaded guilty to one count of wire fraud. I perpetrated a fraud. The plea involves one count of fraud of one investor, who lost more than $164,000 in the scheme. District Judge Nicholas Garaufis, according to Bloomberg.
PYMNTS
MARCH 26, 2019
Originally, a Nevada judge claimed only people who had suffered financial loss were eligible for damages. Circuit Court of Appeals overturned the Nevada judge’s ruling last year, saying “hackers accessed information that could be used to help commit identity fraud or identity theft.”. The 9th U.S.
Expert insights. Personalized for you.
217 
Let's personalize your content