Widow loses P30M to foreigners in cyberfraud

ILOILO CITY — Loida (not her real name) met “Stephen Desmond Nelson” in an online dating site in March last year. Nelson told Loida that he was an American based in Chicago and was engaged in an oil-related business in Malaysia. The two continued their online liaison until the relationship…

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Romance Fraud Is All Time High And Here Is Why

For “romance fraud” is at an all-time high with the National Fraud Intelligence Bureau reporting that 3,889 lonely hearts incurred losses totalling in excess of £39 million in 2016. But now global exclusive matchmaking company – Gray & Farrar – reports meteoric growth in demand for its service with many…

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FTC Says Scammers Prefer iTunes Gift Cards

The world of online fraud is vast and infinite, but if there’s one unifying mechanic, it’s that fraudsters are always looking for the path of least resistance to make off with whatever cash they can. And though scammers are growing bolder with a new bag of ransonware tricks to play…

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