Overcast 32°
Tag:

Wire Transfer

Business
American Express To Pay $230M For Misleading Small Business Customers American Express To Pay $230M For Misleading Small Business Customers
American Express To Pay $230M For Misleading Small Business Customers American Express said it will pay $230 million to resolve federal investigations into deceptive sales tactics and recordkeeping violations involving small business credit card and wire transfer products. The credit card company agreed to pay a $108.7 million civil penalty, the Department of Justice said in a news release on Thursday, Jan. 16. The settlement resolved claims against American Express of deceptive marketing and "dummy" account information. American Express was accused of engaging in unlawful sales tactics and falsifying records between 2014 and 2021. "When financial companies …

SHARE

by Chris Spiker
Business
Don't Fall For It: New Twist On Imposter Fraud Targets Your Money, Personal Info Don't Fall For It: New Twist On Imposter Fraud Targets Your Money, Personal Info
Don't Fall For It: New Twist On Imposter Fraud Targets Your Money, Personal Info The Federal Trade Commission (FTC) is sounding the alarm on a sophisticated new imposter scheme designed to steal your money and personal information.  These scams are becoming increasingly convincing, but learning to spot the red flags can help you stay protected. How the Scam Works Initial Contact: Scammers pose as representatives from well-known companies, such as Amazon or a tech support service. They’ll claim there’s a routine issue, like suspicious charges on your account, a computer virus, or an account breach. Escalation: The scammers lie, saying your name is tied to serious …

SHARE

by Joe Lombardi
Police & Fire
Woman Who Stole $800K From CT Boys & Girls Club Nabbed In Florida, Police Say Woman Who Stole $800K From CT Boys & Girls Club Nabbed In Florida, Police Say
Woman Who Stole $800K From CT Boys & Girls Club Nabbed In Florida, Police Say An out-of-state woman is behind bars for allegedly stealing $800,000 from a Fairfield County Boys & Girls Club through a wire transfer over the computer. Debora Marcoccio, age 68, of Florida, was extradited from the Lee County Jail in Fort Myers, Florida, on Wednesday, Aug. 21, by the Greenwich Police. According to Lt. Patrick Smyth of the Greenwich Police, the Boys & Girls Club of Greenwich contacted the department in December of 2022 to report a fraud involving one of its financial accounts. Due to fraudulent email activity, one of the club's financial staff members sent a wire t…

SHARE

by Kathy Reakes