France's Generous Welfare System Has Been Defrauded

French welfare fraud costs 20-25 billion euros per year

Reuters

Fraud in France's indebted welfare system costs the country between 20-25 billion euros ($26-32 billion) per year and only a tiny fraction of that amount is ever recovered, an estimate by the French national auditor showed on Wednesday.

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Prepaid Debit Cards Have Become a Magnet for Fraud Schemes

Advocating for victims of prepaid-card fraud

The New York Times

For months, telephone fraudsters hijacked the name of a litigation partner at a prominent law firm. The lawyer, Emily J. Henn, said her name kept cropping up in a scheme that asked its victims to make cash payments using a prepaid debit card to pay taxes owed on a fictitious lottery prize.

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Educate The Elderly To Avoid Financial Fraud

The top 4 scams against the elderly 

Forbes

Recently, four people have been charged by the FBI for allegedly scamming $2.4 million from the country’s most vulnerable citizens: seniors. And it is a growing problem. According to a dated, but still widely cited 2011 study conducted by MetLife and the Center for Gerontology at Virginia Tech about elder financial abuse, the annual financial loss suffered by senior victims of financial fraud is estimated to be $2.9 billion. That is more than the gross domestic product (GDP) of Aruba.

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Protect Your Pay-Per-Click Ad Campaign From Click Fraud

5 ways you can be swindled by click fraud

Entrepreneur 

Ever since pay-per-click advertising was introduced in the late ’90s, there have been unsavory characters lurking on the Internet that devalue the online ad model via click fraud. In its early days, click fraud was often someone clicking an ad a couple extra times. These days, however, click fraud techniques have become so complex that the activity can often slip under the radar of the most vigilant advertisers. 

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Insider Trading May Earn Fraudsters Record Sentencing

Insider traders in U.S. face longer prison terms, Reuters analysis shows

Reuters

U.S. judges are imposing increasingly long prison terms for insider trading. The rise is at least partly driven by the bigger profits being earned through the illegal schemes, defense lawyers said.

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