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Warning Issued For Nationwide Automated 'Sextortion' Scam: Here's What To Know Warning Issued For Nationwide Automated 'Sextortion' Scam: Here's What To Know
Warning Issued For Nationwide Automated 'Sextortion' Scam: Here's What To Know Authorities are warning the public of a nationwide automated scam in which scammers use people’s email addresses to coerce payments by intimidating them with threats of embarrassment. Victims of the "sextortion" scheme, usually children and teens, are manipulated to photograph or video material for extortionists. "After receiving the sexually explicit content from the child, the offender threatens to release that compromising material unless the victim produces additional explicit material," said the FBI in issuing the warning to parents, educators, caregivers, and children. In a sepa…

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by Joe Lombardi
Business
Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital
Dow Drops 1,000 Points: US Stock Market In Free Fall, Wiping Away Trillions In Capital Investors hoping the major dip in the stock market last week was just a blip were greeted with even more losses on Monday, Aug. 5, as fears of a recession and global turmoil sent stocks tumbling. The Dow Jones Industrial Average fell 1,200 points at one point but closed 1,000 down. The S&P 500 dropped more than 3 percent and the Nasdaq fell 3.4 percent.  The massive sell-off began on Friday after a US jobs report showed that employer hiring in July had slowed more than analysts had predicted. Investors were already on edge over fears the US Federal Reserve had left interest ra…

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by Josh Lanier
News
Scammers Posing As Well-Known Businesses, Agencies: Here's What To Know, Feds Say Scammers Posing As Well-Known Businesses, Agencies: Here's What To Know, Feds Say
Scammers Posing As Well-Known Businesses, Agencies: Here's What To Know, Feds Say Federal authorities are sounding the alarm over scams that impersonate well-known businesses and government agencies.  In 2023, data from the Federal Trade Commission (FTC) alone show more than 330,000 reports of business impersonation scams and nearly 160,000 reports of government impersonation scams. That amounts to nearly half the frauds reported directly to the agency, the FTC said. Combined, reported losses to these impersonation scams topped $1.1 billion for the year, more than three times what consumers reported in 2020. Reports show an increasingly blurred line between busine…

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by Joe Lombardi
Police & Fire
$3.2 Million In Elaborate Bitcoin Scam Recovered In Westport $3.2 Million In Elaborate Bitcoin Scam Recovered In Westport
$3.2 Million In Elaborate Bitcoin Scam Recovered In Westport In a rare occurrence, the Fairfield County victim of a sophisticated Bitcoin financial crime totaling $3.2. million has received their money back. The investigation began in May when Westport Police detectives received a report that a resident had fallen for the scam. The victim told detectives that in January they were convinced to move money from a retirement account into a “Kraken” cryptocurrency account, said Lt. Eric Woods, of the Westport Police. The resident reported that between January and March, over $3 million worth of Bitcoin was withdrawn and transferred to cryptocur…

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by Kathy Reakes
News
CT State Police Squad Recovers $20K In Cryptocurrency Scam CT State Police Squad Recovers $20K In Cryptocurrency Scam
CT State Police Squad Recovers $20K In Cryptocurrency Scam Last year, the Connecticut State Police Organized Crime Task Force was able to retrieve $20,000 from a $41,150 cryptocurrency or Bitcoin scam. The task force learned of a complaint from a New Haven County resident in Milford in September 2022 regarding larceny by false pretenses, the state police said. The larceny resulted in the loss of $41,150 when the victim was scammed into depositing the money into a series of Bitcoin ATM machines, state police added. The incident was also reported to the Milford Police Department, and it was determined that the task force would assume the investigati…

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by Kathy Reakes
News
Police Issue Alert For Circulating Bitcoin Scam In Fairfield County Police Issue Alert For Circulating Bitcoin Scam In Fairfield County
Police Issue Alert For Circulating Bitcoin Scam In Fairfield County Police in Fairfield County are warning residents against the latest scam, this one involving Bitcoin. Fairfield Police Chief Robert Kalamaras said they learned of the latest scam when a resident alerted the department on Tuesday, Nov. 22 that they had sent $7,000 in Bitcoin currency to an unknown account prior to realizing it was a scam. The resident told officers she had received a call from an unknown male claiming to work for the fraud department of an online retailer. He told her that fraud was detected on her account and informed her that she would have to transfer her money to a Bitco…

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by Kathy Reakes
Police & Fire
Don't Fall For Them: Police In Connecticut Issue Alert About These Scams Don't Fall For Them: Police In Connecticut Issue Alert About These Scams
Don't Fall For Them: Police In Connecticut Issue Alert About These Scams Connecticut State Police issued an alert to residents about common cryptocurrency scams. Police shared the alert on Tuesday, Aug. 30, saying scammers often use texts, phone calls, or emails to lure victims to cryptocurrency ATMs, web-based investment sites or exchange platforms to get them to convert dollars into cryptocurrency. "A victim is often led to believe that their bank account or investments are under attack," police said. "The victim is then prompted to convert those assets to cryptocurrency and send them to a 'secure' account, which is controlled by the scammer." Police said sca…

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by Nicole Valinote
Police & Fire
Scammers Steal $26,000 From Fairfield County Resident Through Elaborate Bitcoin Scam Scammers Steal $26,000 From Fairfield County Resident Through Elaborate Bitcoin Scam
Scammers Steal $26,000 From Fairfield County Resident Through Elaborate Bitcoin Scam Scammers running an elaborate Bitcoin scheme bilked a Fairfield County resident out of more than $25,000 after allegedly hacking his computer, police said. Officers from the Darien Police Department recently met with a Hollow Tree Ridge Road resident regarding a possible computer scam. The victim told officers he was using the Internet when he noticed a pop-up that alleged his computer had been hacked, prompting him to click the link, at which point an operator advised that other sites were accessing his bank account and had secured money from it. It is alleged that the operator then claim…

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by Zak Failla
News
CT Man Sentenced For Dark Web Fentanyl Distribution CT Man Sentenced For Dark Web Fentanyl Distribution
CT Man Sentenced For Dark Web Fentanyl Distribution A Connecticut man was sentenced to more than a decade in prison for trafficking drugs on the dark web, leading to a fatal overdose, and firearm charges. Barry Duclos, age 43, of New London County, was sentenced on Tuesday, Feb. 1, to 170 months in prison followed by three years of supervised release, according to Leonard Boyle, United States attorney for the District of Connecticut. The US Attorney's Office said Duclos, a resident of Norwich, was found guilty of the following charges on July 30: Seven counts of possession with intent to distribute and distribution of fentanyl analogues Po…

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by Nicole Valinote
Business
Digital Currency Group To Relocate HQ To Fairfield County, Creating 300 Jobs Digital Currency Group To Relocate HQ To Fairfield County, Creating 300 Jobs
Digital Currency Group To Relocate HQ To Fairfield County, Creating 300 Jobs Digital Currency Group is set to relocate its headquarters from New York to Connecticut, creating more than 300 new jobs in the next five years. Gov. Ned Lamont made the announcement on Monday, Nov. 29, saying the global investment company will relocate from New York City to Stamford. The company is a leading investor in both blockchain technology companies and bitcoin, Lamont said.  According to the announcement, the new headquarters will be located at 290 Harbor Drive in Stamford after renovations are complete.  Digital Currency Group expects to occupy the new location in late…

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by Nicole Valinote
News
COVID-19: Beware Of These Five New Scammer Tactics, Utility Companies Warn COVID-19: Beware Of These Five New Scammer Tactics, Utility Companies Warn
Covid-19: Beware Of These Five New Scammer Tactics, Utility Companies Warn With the United States crossing a grim milestone as the COVID-19 death toll topped 500,000, utility companies are cautioning about new scams that have arisen in the past year as opportunistic fraudsters look to take advantage of the pandemic. Utility companies across the country have issued alerts regarding new scams as they seek to allow their customers to protect themselves from scammers exploiting the COVID-19 outbreak. According to officials, one of the largest threats involves scammers aggressively threatening to disconnect service, claiming that bills are past due, unless a payment is…

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by Zak Failla