Category Archives: Fraud

Warning about Fraud and Scam Attempts!

Fraud and scam attempts can occur in many areas of life, including in the business world. It is important to stay aware of potential fraud and scam attempts in order to protect your business and finances.

Fraud is an intentional act of deceit or dishonesty in order to gain an unfair advantage or benefit. Examples of fraud include falsifying documents, making false statements, and stealing money or property. Fraudsters may also use email scams, phone calls, or texts in order to solicit money from unsuspecting victims. Scams are fraudulent schemes used to obtain money or property from a victim. Scams may involve false promises of something of value, such as winning a prize, or they may involve fake investments that promise high returns. Scammers often use aggressive tactics to pressure victims into sending money or providing financial information.

In order to protect your business from fraud and scams, it is important to be aware of any suspicious activity. Be sure to thoroughly investigate any potential investors or customers before doing business with them. Additionally, it is important to be aware of phishing emails and other online scams. If you receive an email or text message asking for personal or financial information, do not respond. Instead, contact the company directly to verify the validity of the message.

Fraud and Scam attempts
Fraud and scam attempts

It is also important to be aware of the signs of a potential scam. If someone is offering something that seems too good to be true, or is pressuring you to act quickly, it is likely a scam. Additionally, if someone is asking for payment in cash, gift cards, or wire transfers, this is a sign of a potential scam.

Finally, it is important to stay informed of the latest fraud and scam attempts. Be sure to regularly monitor news reports and government websites for information on new scams. Additionally, you can contact your local law enforcement agency or the Federal Trade Commission for more information. By staying aware of potential fraud and scam attempts, you can protect yourself, your business, and your finances from potential losses.

Los Angeles real estate broker gets over 10 years for COVID loan fraud

A Los Angeles real estate broker will spend more than a decade in prison for her involvement in a family fraud ring that stole more than $18 million in emergency COVID-19 pandemic loans.

Tamara Dadyan, 42, and seven others convicted in the scam used the ill-gotten funds to buy gold coins, diamonds, jewelry, designer handbags and a Harley-Davidson motorcycle, according to the Department of Justice. Prosecutors said the LA-based ring submitted 151 fraudulent applications for loans intended to keep small businesses afloat during the pandemic, but instead used the funds to put down payments on luxury homes in Tarzana, Glendale and Palm Desert. (Xanax)

Dadyan was sentenced Monday after pleading guilty in June to her role in the massive scheme led by her brother-in-law, Richard Ayvazyan, the Los Angeles Times reported.