Home Tag "fraud"

Fighting Fraud with Warnings and Information

By Dr. Kim Miller

Advance fee fraudsters attempt to collect money from unsuspecting victims by requesting upfront payments for goods or services. Swindlers target the most vulnerable people and play on their emotions. Unfortunately, many police agencies do not have the resources to address specific incidents of fraud and it is difficult to apprehend individual con artists. Therefore, agencies should focus on creating awareness campaigns and creating educational resources to help protect the public. 

Time to Crack Down on Phishing and Other White-Collar Crimes

The majority of white-collar crimes such as advanced fee fraud, phishing or spoofing often go unreported. But when these crimes do make the news, it is because there are a large number of victims and a significant amount of money stolen.

Many law enforcement agencies do not have the trained personnel, funds, or advanced technology systems needed to adequately fight such crime. In addition, law enforcement agencies do not have the threat of severe penalties to deter people from committing such crimes. Often white-collar criminals risk committing such crimes because the fines or penalties are relatively minimal compared to the massive payoff potential. Read more about Utah's effort to create a White Collar Crime Registry (similar to sex offender registry) for convicted fraudsters.

Compassion, Not Greed, Makes Us Vulnerable to Advanced Fee Fraud

Advanced fee fraud (AFF) consists of any type of empty promise of receiving money. The goal of the fraudster is to delude the victim into thinking they are buying into a lucrative arrangement. Unfortunately, such scams are increasingly succesful, with global losses rising from $3.88M in 2006 to $12.73M in 2013. So who are the victims of such scams? Learn more about the specific traits that increase a person’s risk of becoming a victim of AFF.

How to Identify a Fraudster: Beware of the White-Collar Criminal, Turned Red-Collar Criminal

By Kim Miller, MSCJ, CFE, faculty member at American Military University

The term “white-collar crime” is derived from the assumption that business executives, wearing white shirts and ties, commit crimes. This term also theoretically distinguishes these types of crimes and criminals from those who commit physical crimes, which are supposedly more likely to be committed by “blue-collar criminals” (Miller, 2014).