Category: fraud scam

Saline Disguised as ‘Efficacious Medicine,’ Elderly Chinese Frequently Fall Prey to Health Product Scams

September 2, 2022
camellia seed oilChinaefficaciousfraud scamSocial Issues
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There are many scammers in China who are skillfully and specifically targeting the wallets of the elderly. For example, saline mixed with growth medium used for bacterial culture and that costs 100 yuan (about $14.50) to make, has been sold for tens of thousands of yuan (about $1,450), and camellia seed oil has been touted…

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FTC Sues Walmart for Allegedly Allowing Fraudulent Money Transfers

June 29, 2022
Business & MarketsCompaniesCrime and Incidentseconomyfraud scamFTC - U.S. Federal Trade Commissionmoney transferUSUS NewsWalmartWestern Union
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The Federal Trade Commission (FTC) announced Tuesday that it has sued Walmart for allegedly allowing its money transfer services to be used for fraud, enabling scammers to con people out of hundreds of millions of dollars. In the lawsuit (pdf), the retail giant is accused of turning a blind eye through failure to properly secure…

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City of Ottawa Reclaims Some of the $558,000 Stolen in Fraud Scam

April 22, 2022
Canadafraud scamOttawaWorld
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The City of Ottawa says it will reclaim at least some of the funds that were stolen after the local Salvation Army homeless shelter was targeted by fraudsters. Last week, city treasurer Wendy Stephanson announced the city had been defrauded out of $558,000 after staff noticed an irregularity related to a payment made to a…

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