Check fraud is back in a big way, fueled by a rise in organized crime that is forcing small businesses and individuals to take additional safety measures or to avoid sending checks through the mail altogether.
Fraudsters potentially stole more than $280 billion COVID-19 relief funding; another $123 billion was wasted or misspent. Combined, the loss represents 10 percent of the $4.2 trillion the U.S. government has so far disbursed in EDIL loans, PPP loan and other COVID relief aid.
Incidents of fraud and scams are occurring more often on the popular peer-to-peer payment service Zelle, according to a report issued Monday by the office of Sen. Elizabeth Warren, giving the public its first glimpse into the growing problems at Zelle.
Four Georgia men have been sentenced to prison for taking part in a scheme to recruit homeless people to cash counterfeit business checks at banks in Connecticut and other New England states.
A Romanian citizen has been sentenced for participating in an ATM skimming scheme that defrauded banks in Connecticut and elsewhere.
A New Haven man pleaded guilty last week to a bank fraud scheme that affected more than 70 victims.
A former Santander Bank employee has pleaded guilty to using his position at the bank for a fraud conspiracy that targeted older customers.
A Romanian citizen pleaded guilty on Friday to participating in an extensive ATM skimming scheme that defrauded banks in Connecticut and elsewhere.
A former Bank of America employee who stole more than $100,000 from a customer experiencing cognitive decline has been sentenced to one year in prison.
The financial services industry has seen digital fraud attempts increase in 2021 compared to last year as more consumers go online for banking and other financial transactions, according to new research from TransUnion.
A former Bank of America employee pleaded guilty this week to stealing more than $100,000 from a bank customer who was experiencing cognitive.
A Stamford man was arrested on Friday and charged with fraudulently obtaining nearly $2.9 million in Paycheck Protection Program loans, using some of the funds to buy luxury cars.
Emergency Paycheck Protection Program loans made to small businesses during the coronavirus pandemic have been added to a list of government programs considered at high risk of waste, fraud or mismanagement.
A Waterbury man has been sentenced in federal court to nearly four years in prison for participating in a check fraud scheme that cost banks more than $300,000.
Nine men have been charged in a wide-ranging bank fraud and identity theft scheme that affected multiple states, including Connecticut.
A former Waterbury woman became the fourth person to plead guilty in a counterfeit check scheme that defrauded banks of approximately $240,000.
The Connecticut Bankers Association this month will honor its 2020 New Leaders in Banking, and Karin O’Brien, Newtown Savings Bank’s fraud and BSA officer, will be among the honorees.
A man who stole more than $800,000 by convincing banks to deposit provisional credit into about 500 bank accounts was sentenced in a Connecticut federal court yesterday to more than two years in prison.
The former CEO of New Haven County Credit Union was sentenced to two years of supervised release for participating in a scheme to transfer credit union funds to an East Haven restaurant.
Police say they have arrested two men who stole hundreds of personal checks from more than 200 victims in two states.
