The Expert Podcast

As an investigative agency, we keep track of the different types of fraud that clients bring to us. In 2021 and 2022, many scams involved cryptocurrency or blockchain schemes, along with fake investments promising high returns. Scammers often use enticing offers like doubling money within a month. However, in 2023, we observed a shift towards family law case frauds, particularly in divorce and probate situations. These events provide opportunities for family members to manipulate assets, often going against the deceased's or divorcing party's wishes. Hidden assets, altered beneficiaries, and concealed bank accounts are common tactics in these schemes. We consistently uncover hidden assets in almost every case we investigate.

Another prevalent scam is the AI scam, where businesses falsely claim to use artificial intelligence to attract investors or customers. Many of these companies lack genuine AI technology and instead rely on human labor or outdated automation. Investors and consumers should scrutinize claims of AI integration and demand transparency in demonstrating its functionality.

Business sale fraud is also on the rise, with companies inflating their value by misrepresenting revenue through fabricated bank account activities. Prospective buyers must verify financial statements by examining actual bank transactions to ensure the numbers align with the business's operations.
Additionally, fake transfer fraud remains a significant threat, targeting companies and individuals conducting wire transfers or payments. Scammers impersonate legitimate vendors, often through phishing emails or spoofed invoices, diverting payments to fraudulent accounts. Vigilance in verifying payment recipients is crucial to avoid falling victim to these schemes.

These scams highlight the importance of diligence and verification in financial transactions. Whether personal or business-related, being aware of common fraud tactics can safeguard against substantial losses. Don't let fraudulent activities derail your financial goals and aspirations.