Browsing: fraud

The founders of Fortress Real Developments have been sentenced to five years in prison following their conviction in one of Ontario’s most high-profile syndicated mortgage investment…

American Banker’s 2026 Predictions Report Those at the helm of midsize and regional banks are forecasting that mobile platforms and agentic artificial intelligence will be major…

Key insight: Dechanta Benning established a shell company and used mobile deposit technology to cash stolen checks, a methodology becoming standard for fraudsters.Supporting data: The American…

Key insight: Prosecutors say a bank employee used knowledge of customers from a previous job to facilitate the fraudulent loans.Forward look: A trial is currently scheduled…

Key insight: The indictment includes charges of visa fraud and aggravated identity theft related to forged letters used to obtain an O-1A visa.What’s at stake: Kalder’s…

Key insight: Beyond courier scams, banks are battling “card cracking” schemes where fraudsters solicit credentials from young users on social media to deposit worthless checks.Expert quote:…

American Banker’s 2026 Predictions Report Fraud boomed across the financial services industry in 2025 as new AI tools empowered bad actors to prey on vulnerable bank…

<img src=”https://public.flourish.studio/visualisation/27147476/thumbnail” width=”100%” alt=”chart visualization” />Processing ContentFor the past two months, I have been caught in a no-man’s-land between my bank’s fraud and customer service departments.It…

Key insight: Passive, real-time call fraud scoring reduced fraud exposure and improved member experience for MSUFCU.Expert quote: Fraud strategist Frank McKenna said humans can’t reliably detect…

South_agency | E+ | Getty ImagesFor older Americans, financial fraud can be a very costly mishap. Last year, scams reported to the Federal Trade Commission by…