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Fraud Prevention

Business
Cash App Users To Get Refunds In $175M Order As Feds Target Fraud Cash App Users To Get Refunds In $175M Order As Feds Target Fraud
Cash App Users To Get Refunds In $175M Order As Feds Target Fraud Cash App's parent company will have to pay $175 million for poorly protecting its users from fraud and financial crimes on the payment platform, officials said. The Consumer Financial Protection Bureau ordered Block to refund up to $120 million to users harmed by fraud, the federal agency said in a news release on Thursday, Jan. 16. The parent company of Cash App, which has more than 56 million accounts, must also pay a $55 million fine into the CFPB’s victims relief fund. The CFPB found that Block failed to properly investigate unauthorized transactions and deprived users of…

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by Chris Spiker
News
FBI: Moving Company Brothers From Paterson Jacked Up Estimates, Held Belongings Hostage FBI: Moving Company Brothers From Paterson Jacked Up Estimates, Held Belongings Hostage
FBI: Moving Company Brothers From Paterson Jacked Up Estimates, Held Belongings Hostage The FBI charged a Paterson fugitive captured in New Mexico, his brother and another man with ripping off vulnerable customers of their moving company. There may be more victims of 11Even Movers & Storage out there who haven’t contacted authorities, bureau officials said Monday, urging them to come forward. Abdal Abuawad, 26, was brought before a federal judge in Newark on Monday following his arrest in New Mexico last week, U.S. Attorney for New Jersey Philip R. Sellinger said. He was released on a $300,000 unsecured bond, as were his brother, Abdalh Abuawad, 28, a Jordanian national, …

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by Jerry DeMarco