Bipartisan Legislation Targets Rising Threat of AI-Powered Impersonation and Fraud► https://t.co/aMhP01bSIe https://t.co/aMhP01bSIe ...

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Core Viewpoint - US Senators are calling for an investigation into Meta for allegedly profiting from scam advertisements on its platforms, with estimates suggesting that nearly 10% of Meta's 2024 revenue, approximately $16 billion, may come from such ads [1][3]. Group 1: Allegations and Investigations - Senators Josh Hawley and Richard Blumenthal have urged the Federal Trade Commission (FTC) and the Securities and Exchange Commission (SEC) to investigate Meta and take enforcement actions if the allegations are substantiated [1]. - Internal Meta documents reportedly indicate that the company earned $3.5 billion in six months from "higher-risk" scam ads, raising concerns about the effectiveness of its ad policing [1][2]. - The senators claim that Meta's platforms may be implicated in "about a third of all US scams," contributing to over $50 billion in consumer losses last year [5]. Group 2: Meta's Response and Business Model Concerns - Meta has denied the allegations, with a spokesman stating that the claims are "exaggerated and wrong," and emphasized the company's commitment to fighting fraud [6]. - The scale of the alleged fraud raises questions about Meta's business model, particularly regarding its reliance on deceptive advertising practices [3][8]. - The senators highlighted that despite Meta's reported 58% reduction in scam ads over 18 months, broader trends suggest ongoing issues within its ad ecosystem [5]. Group 3: Broader Implications and Risks - The senators' push for regulatory action reflects concerns about the potential for Meta's ad system to fuel fraud at an unprecedented scale, which could lead to significant changes in regulatory expectations for major tech companies [8]. - There are concerns that foreign cybercrime groups may be behind many of the scam campaigns, further complicating the issue [7].

America should not have worse voter ID requirements than every democratic country on Earth.California and New York actually banned use of ID to vote! It is illegal to show your ID in those states.The only reason to do this is fraud.America (@america):Why doesn’t the United States have Voter ID laws? https://t.co/7dLGkSWONF ...

Across South-East Asia tens of thousands of people toil to defraud Americans, Europeans and others in an industry that is estimated to steal over $500bn a year from victims worldwide https://t.co/mFRObdMDe0 ...

Security Risks - ATM users face the risk of having their bank accounts drained due to card skimming and PIN theft [1] - Scammers install fake card readers and hidden cameras to steal card data and PINs [1] Prevention Measures - Users should physically inspect the ATM card reader before inserting their card [1] - If the card reader is loose or moves, users should use a different ATM [1]

Massive fraudBenny Johnson (@bennyjohnson):Minnesota’s Somali community has been caught funneling taxpayer dollars to the terrorist group Al-Shabaab overseas by falsely diagnosing children with autism through Medicaid.Look at the insane spike in claims:2018: $3 million2023: $399 millionWithin this same time https://t.co/NoIWn78ud9 ...

Allegations of Fraud and Misuse of Funds - The report alleges that Somali parents in Minnesota engaged in a scheme to falsely claim their children had autism [1] - These parents allegedly received kickback payments ranging from $300 to $1,500 for pretending their children had autism and needed more services [1] - The report claims that some autism centers provided kickbacks to parents, and parents would switch centers if they didn't receive enough money [2] - The Somali community in Minnesota is allegedly tripling the amount of autism claims compared to the rest of the state [3] Financial Implications and Funding of Terrorism - Autism claims in Minnesota reportedly increased from $3 million in 2018 to $400 million in 2023 [3] - The report suggests that some of the money was donated to Ilhan Omar's campaign [3] - The report alleges that money was sent to Somalia and used to fund terrorism, specifically Al-Shabaab and Al-Qaeda [3][4] - Al-Shabaab is described as having killed more Americans than any other group [4]

Immigration Legal Services Scams - Scammers are impersonating attorneys or federal agents, targeting immigrants seeking legal services in the United States [3] - Victims are losing hundreds or thousands of dollars to these scams [3] - A specific scam involved an advance payment ranging from $600 to $2,000 for immigration paperwork assistance, with the "office" being nonexistent [4] Legal and Regulatory Response - New York City Council passed a law doubling penalties for fake immigration legal services, increasing them from $3,900 to $20,000 for repeat offenders [5] Scam Prevalence and Impact - Immigration-related scams in New York City rose by 27% last year [5] - Reports of fraudulent immigration lawyers and federal agents have surfaced in at least 30 states across the country [5] - Individuals are lured through flyers, QR codes, and Facebook pages [4]

British fraud office arrests two men accused of $28 million Basis Markets rug pull https://t.co/sbSYovVmaH ...