CINCINNATI — Cincinnati resident Dan Bates knows first-hand the consequences of becoming of a victim of fraud.
“Next thing I know, I’m getting threatening text messages on my cell phone, and what scared me is that it was a local number. How close are they and who are they?” Bates said.
It happened after Bates said he was trying to buy something on Facebook Marketplace. Before he knew it, a hacker gained control of his account and found his phone number. Bates reached out to law enforcement immediately.
“Contacting the police right away, who know how to handle situations like this, gave me a great level of comfort,” Bates said.
Fraud cases, particularly financial scams and imposter…
This type of fraud targets the supply chain and accounts payable departments of businesses.
- Invoice Manipulation: Criminals intercept a legitimate invoice between a supplier and a client and change the banking details to their own. The client pays the bill thinking they are paying their trusted vendor.
- Kickbacks and Bribery: A vendor secretly pays an employee of the purchasing company to ensure their bid is successful or to overlook inflated pricing.