The Cost Of Global Cybercrime

By Tim McGuinness, Ph.D. – Anthropologist, Scientist, Director of the Society of Citizens Against Relationship Scams Inc.

Cybercrime is Costing Every Person on this Planet $750 per Year!

CONSIDER: Global Cybercrime Is Above USD$6 Trillion Dollars Per Year Now!

That Is $6 Trillion Dollars A Year in costs just from cybercrime! It Will Soon Pass $8 Trillion (According To Some Estimates).

Cybercrime is costing more than the GDP (Gross Domestic Product) of 8 of the top 10 economies in the world!

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Repeat Nigerian Scammer Adedayo Ilori Gets 25 Years In U.S. Prison

By SCARS Editorial Team – Society of Citizens Against Relationship Scams Inc., Portions U.S. Department of Justice

Repeat Nigerian Scammer Goes To Prison

Damian Williams, the United States Attorney for the Southern District of New York, announced that ADEDAYO Adedayo Ilori was sentenced today by U.S. District Judge Mary Kay Vyskocil to 25 years in prison for his participation in a sophisticated identity theft and COVID-19 loan fraud scheme.

U.S. Attorney Damian Williams said: “Even while on bail for federal fraud offenses, Adedayo Ilori could not help but continue his repeated fraud and identity theft crimes. He saw the hardships and disruption of the COVID-19 pandemic and the federal government’s efforts to address those in need as an opportunity for fraud. He lined his own pockets and recklessly used the identities of dozens of victims. Today’s sentence sends a message to Ilori and others engaged in similar crimes that such conduct, especially when it is repeated, will be severely punished.”

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FCC Issues Historic $300 Million Fine Against The Largest Robocalling Scam It Has Ever Investigated

By Federal Communications Commission & SCARS Editorial Team

U.S. Federal Communications Commission (FCC) Imposes Record Penalty Against Transnational Illegal Robocalling Operation

Robocalling Scammers Who Placed Five Billion Auto Warranty Robocalls Fined Nearly $300 Million for Robocall and Spoofing Violations

The Federal Communications Commission today issued a record-breaking $299,997,000 fine for auto warranty scam robocalling made by the largest illegal robocall operation the agency has ever investigated. An international network of companies violated federal statutes and the Commission’s regulations when they executed a scheme to make more than five billion robocalls to more than 500 million phone numbers during a three-month span in 2021, including violating federal spoofing laws by using more than one million different caller ID numbers in an attempt to disguise the true origin of the robocalls and trick victims into answering the phone.

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