The Latest Breaking News from Fraud

Bank customer spots huge unknown deposit in account, receives a call pressuring to return it immediately, ends up approving even higher amount; warns SBI

State Bank of India (SBI) has warned customers about the ‘Jumped Deposit Scam’, in which fraudsters use unexpected bank credits and urgent refund calls to pressure people into approving larger UPI payments. The bank has advised customers to verify transactions, avoid suspicious payment requests, block suspected callers and report incidents…

The Economic Times · 46m ago

Wendy Osefo Calls for More Honesty With Husband Eddie, Describes Marriage's 'Darkest Time' Amid Fraud Case

Wendy Osefo says the fraud case surrounding her and Eddie placed severe strain on their marriage, as the couple works to rebuild trust ahead of trial

International Business Times UK · 1h ago

"Credibility of talent mobility ecosystem damaged by actions of few," cautions Foreign Secy Misri

Foreign Secretary Vikram Misri has warned that fraud, exploitation and skill mismatches could undermine the credibility of India’s overseas talent mobility ecosystem, days after the US suspended PERM processing for several major technology companies. He urged recruiters and mobility firms to prioritise ethics, transparency and accountability, while the MEA said…

The Economic Times · 2h ago

Mom Says She’s “Helping a Friend” With $50,000 — How Do You Know It’s a Scam?

Mom says she wants to help a friend with $50,000, and suddenly a family conversation turns into a financial emergency of its own. Maybe she met this person online. Perhaps they have exchanged messages for months, and she insists the friendship is genuine. Either way, five figures are about to…

The Free Financial Advisor · 17h ago

77% of Medicaid's $37 Billion in Improper Payments Tied to Paperwork Gaps Rather Than Fraud in Fiscal 2025

A new CRS report cites CMS data showing 77% of Medicaid improper payments came from insufficient documentation, not fraud. What it means for enrollees.

Medical Daily · 20h ago

‘You have a meeting’: the calendar phishing scam growing exponentially

Appointment or renewal reminder appears in victims’ calendar to lure them into logging in to fake Google, Microsoft or PayPal page

The Guardian - UK · Oct 11

Colorado Moves to End Medicaid Contract with In-Home Care Company FreedomCare After Payments Jumped to Nearly $22 Million

Colorado Medicaid moved to cut ties with FreedomCare after payments rose from about $1 million to nearly $22 million. The company disputes the findings.

Medical Daily · Oct 11

Trump orders Fed Governor Lisa Cook to appear before a White House inquiry into alleged mortgage fraud, which her lawyers call an inadvertent error

Critics question the inquiry’s precedent

We Got This Covered · Oct 10

Florida cyber owner accused of misleading ransomware victims; firm charged $19M, secretly paid hackers $8M

Zohar Pinhasi, the owner of MonsterCloud, faces charges of wire fraud related to his cybersecurity business. Prosecutors allege he misrepresented his firm's capabilities to clients facing ransomware attacks. Instead of recovering data without ransom payment, he secretly paid attackers and charged clients significantly higher fees. Pinhasi allegedly collected over $19…

The Times of India · Oct 10

Is Your New Friend Trying To Scam You?

A new online friend who asks for money, offers a can’t-miss investment, or needs help with an urgent emergency may have an agenda beyond friendship. Scammers often build genuine-seeming relationships before asking for cash, financial information, or access to an account. The uncomfortable part? Their opening messages can sound perfectly…

The Free Financial Advisor · Oct 10