Mail and wire fraud

Real Estate Transactions At Risk as Consumers Lose $106K on Average to Wire Fraud Per Incident

Retrieved on:

Tuesday, April 18, 2023

Technology, Insurance, Construction & Property, Finance, Security, Fintech, Professional Services, Software, Residential Building & Real Estate, COVID-19, Mail and wire fraud, Financial Crimes Enforcement Network, Fraud, Crime, Nature, Risk, FRS, Cryptocurrency

CertifID , a leading wire fraud protection company, today announced a report that found that real estate transactions are putting U.S. consumers increasingly at risk.

Key Points:

CertifID , a leading wire fraud protection company, today announced a report that found that real estate transactions are putting U.S. consumers increasingly at risk.
The consumer-edition of the State of Wire Fraud report, which is based on proprietary data from CertifID’s wire fraud protection and recovery business, found that consumer real estate payments represent the most frequent target of wire fraud in 2022, with cybercriminals targeting buyer cash-to-close payments in particular.
“Hundreds of consumers a year come to CertifID in an effort to recover stolen funds – their situations are heartbreaking.
For immediate assistance with wire fraud recovery, visit https://reportafraud.certifid.com .

CertifID, Riebling Insurance, and Fidelity National Financial (FNF) National Agency Operations Announce the Highest Level of Wire Fraud Insurance Coverage Available to Real Estate Industry

Retrieved on:

Wednesday, March 29, 2023

Professional Services, Data Management, Security, Technology, Insurance, Software, Banking, Mark Riebling, Learning, Mail and wire fraud, FNF, Risk, FRS, SVP, Family

The new offering was created to help protect mortgage payoff transactions, which have become the single greatest source of wire fraud loss in the real estate industry.

Key Points:

The new offering was created to help protect mortgage payoff transactions, which have become the single greatest source of wire fraud loss in the real estate industry.
The new level of coverage is available through the expanded and exclusive FNF-Pak Program from Riebling Insurance.
Agencies who combine use of CertifID software, and the FNF-Pak Program through Riebling Insurance, receive up to $1.5M in direct insurance per transaction.
“FNF is focused on providing technologies and services to help our agents succeed,” said Michele Green, SVP of National Agency Operations at FNF.

$1.4B in Suspected Wire Fraud Identified by CertifID in 2022, Report Finds

Retrieved on:

Thursday, March 9, 2023

Software, Technology, Payments, Security, Wrecking Ball (Bruce Springsteen album), Law enforcement, Growth, Yoy, Risk, BEC, Mail and wire fraud, COVID-19, Fraud, Identity, ALTA, Cryptocurrency, Audit

CertifID , a leading wire fraud protection company, today announced its State of Wire Fraud report which details CertifID’s view into $1.4B worth of suspected fraud across more than 340k wire transactions.

Key Points:

CertifID , a leading wire fraud protection company, today announced its State of Wire Fraud report which details CertifID’s view into $1.4B worth of suspected fraud across more than 340k wire transactions.
The report, which is based on proprietary data from CertifID’s wire fraud protection software and recovery services engagements, also found a 145% YoY increase in instances of reported wire fraud into the company.
CertifID, which safeguards wire transactions by verifying device, identity, and bank account information alongside 150 different markers of fraud, developed the State of Wire Fraud to report on the trends of business email compromise (BEC) and trajectory of wire fraud.
Report highlights include:
$1.4B worth of wire transactions were identified for suspected fraud by CertifID in 2022.

Boies Schiller Flexner LLP to Appeal U.S. Court’s Decision on Behalf of Kingstown Capital Against Radovan Vitek and Others

Retrieved on:

Friday, October 9, 2020

Legal, Professional services, Articles, Crime, Crimes, Financial regulation, Money laundering, Tax evasion, Terrorism, Mail and wire fraud, Vitek, Racketeering, Fraud

In a decision of first instance, the court ruled that it is more appropriate for the lawsuit to be pursued in a European jurisdiction as opposed to in the United States.

Key Points:

In a decision of first instance, the court ruled that it is more appropriate for the lawsuit to be pursued in a European jurisdiction as opposed to in the United States.
The claim details a series of racketeering activities, including wire fraud, mail fraud, money laundering and other crimes, enabling Vitek to make billions of dollars at the expense of the Plaintiffs.
Detailed in the complaint also are the efforts of Vitek to covertly grow his scheme into an extensive international conspiracy over a period of a decade.
As a result the CSSF fined Vitek and Ott for market manipulation infringements.

Stewart Insurance Partners with CertifID for Additional Wire Fraud Protection

Retrieved on:

Tuesday, February 11, 2020

Over the years, Stewart Insurance has led the way in influencing the evolution of coverage to benefit professionals in the title industry, said Tom Carpentier, President of Stewart Insurance.

Key Points:

Over the years, Stewart Insurance has led the way in influencing the evolution of coverage to benefit professionals in the title industry, said Tom Carpentier, President of Stewart Insurance.
We look forward to encouraging the use of CertifIDs technology to help mitigate wire fraud risk and provide increased coverage for these situations.
In addition to the new endorsement through Stewart Insurance, CertifID guarantees each wire up to $1 million after identities have been confirmed and wiring instructions securely shared.
Founding CertifID was in direct response to a wire fraud that I experienced as a title agency owner, said Tom Cronkright, CEO and co-founder of CertifID.

CenterWatch Announces -- EDC vs eSource: Is it Time to Move Webinar Sponsored by Cmed Technology, Oct. 30, 2019

Retrieved on:

Wednesday, October 23, 2019

Health, Clinical research, Fraud, China Medical Technologies, Legal professional privilege, Mail and wire fraud, Science and technology in the People's Republic of China, Clinical trial

Mark the calendar for this FREE webinar from Cmed Technology.

Key Points:

Mark the calendar for this FREE webinar from Cmed Technology.
Three senior Cmed staff will expose the differences between EDC and eSource and offer guidelines to help select solution(s) that suit clinical trial needs.
Prepare to discover:
eSource: The four types of eSource: How they differ, how each can be useful
Suitability: When should EDC and/or eSource be implemented?
Take advantage of this free webinar.

New Documentary Unlikely Reveals America's Real College Admissions Scandal

Retrieved on:

Monday, October 14, 2019

University and college admissions, College admissions bribery scandal, Mail and wire fraud, University of California, Los Angeles, University of San Diego, University of Southern California, Varsity Blues, Dropout, Human behavior, Misconduct, Deception

LOS ANGELES, Oct. 14, 2019 /PRNewswire-PRWeb/ -- Less than 50 percent of students who start college graduate, a startling statistic explored in Three Frame Media's new feature documentary film UNLIKELY.

Key Points:

LOS ANGELES, Oct. 14, 2019 /PRNewswire-PRWeb/ -- Less than 50 percent of students who start college graduate, a startling statistic explored in Three Frame Media's new feature documentary film UNLIKELY.
In a year when college admissions came under a microscope thanks to the "Operation Varsity Blues" scandal, UNLIKELY further uncovers the inequities and institutional barriers that have served to create the highly biased higher education system we know today.
From award-winning filmmakers Jaye & Adam Fenderson, UNLIKELY reveals the country's true college admissions scandal: America's college dropout crisis and the barriers students face in their pursuit of a college degree.
That's the real college admissions scandal we should be talking about today," said director Jaye Fenderson.

Encision Completes Private Placement of Common Stock

Retrieved on:

Thursday, December 20, 2018

Economy, Finance, Money, Stock market, China Medical Technologies, Legal professional privilege, Mail and wire fraud, Science and technology in the People's Republic of China, Security, Limited liability limited partnership, Placement, Securities Act

BOULDER, Colo., Dec. 20, 2018 /PRNewswire/ -- Encision Inc. (PK:ECIA), a medical device company owning patented Active Electrode Monitoring (AEM) Technology that prevents dangerous stray electrosurgical burns in minimally invasive surgery, today announced that it had completed a private placement of 875,000 shares of its common stock to CMED Partners LLLP ("CMED").

Key Points:

BOULDER, Colo., Dec. 20, 2018 /PRNewswire/ -- Encision Inc. (PK:ECIA), a medical device company owning patented Active Electrode Monitoring (AEM) Technology that prevents dangerous stray electrosurgical burns in minimally invasive surgery, today announced that it had completed a private placement of 875,000 shares of its common stock to CMED Partners LLLP ("CMED").
The private placement, which represents 7.6% of the total number of shares outstanding, will raise, before costs, a total of $350,000, or $0.40 a share.
The securities sold in the private placement will not be registered under the Securities Act of 1933, as amended (the "Securities Act"), or applicable state securities laws.
We do not undertake any obligation to update publicly any forward-looking statements, whether as a result of the receipt of new information, future events, or otherwise.