Police say they’ve arrested an Idaho man following an investigation into the alleged theft of $40,000 from a local Reno nonprofit youth basketball program.
Police say the investigation began after Reno Tropics Basketball, a local nonprofit youth basketball program, reported that it had been defrauded while attempting to complete the construction of its basketball facility in south Reno.
As part of the project, Reno Tropics was seeking to buy and install a hardwood basketball court. During the process, program representatives were connected with the general manager of a reputable basketball flooring company based in Idaho.
Police say the suspect communicated with representatives of Reno Tropics and provided an invoice requesting a $40,000 deposit for the basketball court. The nonprofit…
This remains the most prevalent form of financial crime globally. It targets the direct access points to your money: your cards and your bank accounts.
- Skimming: Criminals use small devices called “skimmers” placed over ATM or point-of-sale card slots to capture the data from your card’s magnetic strip.
- Card-Not-Present (CNP) Fraud: This occurs during online shopping where a physical card isn’t required. Thieves use stolen card numbers, expiry dates, and CVV codes to make unauthorized purchases.
- Account Takeover (ATO): A hacker gains access to your online banking credentials (often through malware or phishing) and changes the contact details or passwords, locking you out while they drain your funds.