Biden Administration Shuts Down Financial Fraud Taskforce & StopFraud.gov

Biden Administration Shuts Down Financial FraudFraud In law, fraud is intentional deception to secure unfair or unlawful gain (money or other assets), or to deprive a victim of a legal right. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities), or it may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong. The purpose of fraud may be monetary gain or other benefits, for example by obtaining a passport, travel document, or driver's license, or mortgage fraud, where the perpetrator may attempt to qualify for a mortgage by way of false statements. A fraud can also be a hoax, which is a distinct concept that involves deliberate deception without the intention of gain or of materially damaging or depriving a victim. Taskforce

And StopFraud.gov

SCARSSCARS SCARS - Society of Citizens Against Relationship Scams Inc. A government registered crime victims' assistance & crime prevention nonprofit organization based in Miami, Florida, U.S.A. SCARS supports the victims of scams worldwide and through its partners in more than 60 countries around the world. Incorporated in 2015, its team has 30 years of continuous experience educating and supporting scam victims. Visit www.AgainstScams.org to learn more about SCARS. Activism for ScamScam A Scam is a confidence trick - a crime -  is an attempt to defraud a person or group after first gaining their trust through deception. Scams or confidence tricks exploit victims using their credulity, naïveté, compassion, vanity, irresponsibility, or greed and exploiting that. Researchers have defined confidence tricks as "a distinctive species of fraudulent conduct ... intending to further voluntary exchanges that are not mutually beneficial", as they "benefit con operators ('con men' - criminals) at the expense of their victims (the 'marks')". A scam is a crime even if no money was lost. Victims

President Biden Killed StopFraud.gov

The following is going to sound political, but it is about your personal safety which should never be a political consideration! All governments sware an oath to protect their citizens, but some do it, and some do not.

On July 11, 2018, President Trump signed Executive OrderExecutive Order An executive order is a directive from the President that has much of the same power as a federal law. Several landmark moments in American history came about directly from the use of executive orders issued from the United States President’s desk, including one Supreme Court decision that limited a presidential executive order issued by Harry Truman. 13844, establishing the Task Force on Market Integrity and Consumer Fraud and identifying the Deputy Attorney General as its chair. The Task Force was part of a government-wide initiative to combat fraud (scamsScams A Scam is a confidence trick - a crime -  is an attempt to defraud a person or group after first gaining their trust through deception. Scams or confidence tricks exploit victims using their credulity, naïveté, compassion, vanity, irresponsibility, or greed and exploiting that. Researchers have defined confidence tricks as "a distinctive species of fraudulent conduct ... intending to further voluntary exchanges that are not mutually beneficial", as they "benefit con operators ('con men' - criminals) at the expense of their victims (the 'marks')". A scam is a crime even if no money was lost.) against consumers – particularly the elderly, service members, and veterans – and corporate fraud that victimizes the general public and the government.

StopFraud.gov

In part, this was based upon conversations with SCARS prior to Trump’s election.

The Fraud Task Force was part of a government-wide initiative to combat fraud against consumers – particularly the elderly, service members, and veterans – and corporate fraud that victimizes the general public and the government. It is chaired by the Deputy Attorney General.

Fraud committed by scammers, organized crime groups, and companies (and their employees) had a devastating impact on American citizens in the financial markets, the health care sector, and elsewhere.  While the Department of Justice already aggressively combats consumer and corporate fraud, the Task Force allowed the government to do even more by partnering with law enforcement and departments and agencies throughout the government.  Drawing on their pooled resources to identify and stop fraud on a wider scale than any one agency acting alone.

The Fraud Task Force brought together U.S. Attorneys’ Offices and the Department of Justice’s other components, with essential help from other enforcement agencies, to fight fraud affecting American citizens.  The idea was to pursue the mission with determination, fairness, and the coordinated resources of the Department’s law enforcement partners.

You can read the Trump Executive Order Here: https://www.govinfo.gov/content/pkg/FR-2018-07-16/pdf/2018-15299.pdf

Biden Overturns Everything

However, as has been reported elsewhere, and as per his campaign promises, President Biden, shortly after being sworn in reversed almost all of President Trump’s actions and executive ordersExecutive Order An executive order is a directive from the President that has much of the same power as a federal law. Several landmark moments in American history came about directly from the use of executive orders issued from the United States President’s desk, including one Supreme Court decision that limited a presidential executive order issued by Harry Truman..

In this case, it shut down an essential tool in combatting financial fraud. Replacing the focus of the administration on critical infrastructure cybercrimeCybercrime Cybercrime is a crime related to technology, computers, and the Internet. Typical cybercrime are performed by a computer against a computer, or by a hacker using software to attack computers or networks. protection – which still resulted in the 3 largest cybercrime incidents in the history of the United States under this administration and its new focus in 2021.

What was the result?

A 200% increase in fraud and scams! This is a doubling in just 2021 alone!

Yes, the pandemic had a huge impact on scams, but most of that growth was pandemic related, though there was an increase in relationship scamsRelationship Scam A Relationship Scam is a one-to-one criminal act that involves a trust relationship and uses deception & manipulation to get a victim to give to the criminal something of value, such as money! Click here to learn more: What Is A Relationship Scam? since everyone was in isolation in 2020. But after the isolation mostly ended in 2021, scams shot up.

The Departments of Justice and Homeland Security both reduced their focus on consumer or individual scams, to focus on government infrastructure cybersecurity concerns.

This change has had tragic results since suicides related to relationship, romance, and especially Pig ButcheringPig Butchering Sha Zhu Pan 殺主盤 “Pig Butchering” This is a scam type that originated in China involving the scammer developing a relationship with the victim - sometimes romantic sometimes not - and leading the victim to invest in a fake company or asset. These typically target smart younger women. scams have also (per SCARS and other estimates) increased 5 fold in 2021.

This governmental shift is inexcusable.

Infrastructure and governmental cybersecurity are vital, but so is the safety of the general public!

Unfortunately, the current U.S. Congress is deadlocked on any new issues relating to containing and controlling scams. We hope that the next Congress to be elected in 2022 will have a different view.

The FTCFTC The Federal Trade Commission (FTC) is an independent agency of the United States government whose principal mission is the enforcement of civil (non-criminal) U.S. antitrust law and the promotion of consumer protection. The FTC can also act as a clearinghouse for criminal reports sent to other agencies for investigation and prosecution. To learn more visit www.FTC.gov or to report fraud visit ReportFraud.FTC.gov Steps Up

Fortunately, the independent body, the Federal Trade Commission, whose commissioners were appointed by Trump stepped up to fill the vacuum. The FTC expanded its Sentinel Reporting Systems (SCARS is an FTC Sentinel Reporting Partner).

SCARS was also an active participant in their recent Rule Making to increase protections for consumers from these crimes. (see here: SCARS Testimony before the FTC December 2021; and SCARS Summary Report from the U.S. Federal Trade Commission Meeting December 16, 2021)

This took the place of the canceled StopFraud.gov and expanded the public’s reporting options – which is now serving as the central reporting hub for all fraud relates crimes at https://reportfraud.ftc.gov/#/?orgcode=SCARS

Consequences

Unfortunately, there are consequences to elections, and this is a perfect example.

This may sound like it is just politics, but remember that the actions of the President directly affect your safety online. The Obama – Biden administration handed over ownership and control of the internet to an international body, that now elects dictators to its board. The Biden – Harris administration reversed all of the consumer online safety orders from the previous Trump Administration. Do those sound like good ideas? Were you even away it was happening?

Elections have consequences. Victims of crime should remember this for future elections.

SCARS is not a political action organization. Our sole concern is improving the safety of everyone online – including you! Regardless of who is in the White House or Congress, this is our agenda!

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By the SCARS™ Editorial Team
Society of Citizens Against Relationship ScamsSCARS SCARS - Society of Citizens Against Relationship Scams Inc. A government registered crime victims' assistance & crime prevention nonprofit organization based in Miami, Florida, U.S.A. SCARS supports the victims of scams worldwide and through its partners in more than 60 countries around the world. Incorporated in 2015, its team has 30 years of continuous experience educating and supporting scam victims. Visit www.AgainstScams.org to learn more about SCARS. Inc.

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IN MANY SCARS ARTICLES, WE MENTION TOPICS INCLUDING TRAUMATrauma Emotional and psychological trauma is the result of extraordinarily stressful events that shatter your sense of security, making you feel helpless in a dangerous world. Psychological trauma can leave you struggling with upsetting emotions, memories, and anxiety that won’t go away. It can also leave you feeling numb, disconnected, and unable to trust other people. Traumatic experiences often involve a threat to life or safety or other emotional shocks, but any situation that leaves you feeling overwhelmed and isolated can result in trauma, even if it doesn’t involve physical harm. It’s not the objective circumstances that determine whether an event is traumatic, but your subjective emotional experience of the event. The more frightened and helpless you feel, the more likely you are to be traumatized. Trauma requires treatment, either through counseling or therapy or through trauma-oriented support programs, such as those offered by SCARS., ABUSE, SELF-HARM, SUICIDALITY, RISKY BEHAVIORBehavior   Behavior / Behavioral Actions Otherwise known as habits, behavior or behavioral actions are strategies to help prevent online exploitation that target behavior, such as social engineering of victims. Changing your behavior is the ONLY effective means to reduce or prevent scams., DISORDERS, ADDICTION, AND OTHER PSYCHOLOGICAL CONDITIONS. THE INFORMATION IS NOT A SUBSTITUTE FOR PROFESSIONAL MEDICAL ADVICE. ALWAYS SEEK THE ADVICE OF YOUR PHYSICIAN OR OTHER QUALIFIED HEALTH PROVIDERS WITH ANY QUESTIONS YOU MAY HAVE.

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