Read more about how Medicare Anti-fraud program saved 100+ million dollars in first year.
The next frontier is having law enforcement agencies mine their own complaint files for commonalities. And with cooperation of banks, mine their data for strange banking activities.
Zeek Rewards was attracting tons of attention from banks in the few months before it was closed by the SEC because it was using payment processors from across the globe, triggering a lot of "transaction denied" for tens of thousands of members. While banks often do report suspicious transactions to the appropriate agencies, such as the Interagency fraud task force, smaller amounts may never trigger the alert.
However, by now it was clear that Zeek basically was a disaster waiting to happen. When SEC finally closed them, they were sitting on tens of thousands of checks, UNCASHED, while they continue to have payment problems at eWallet companies, none of them based in the US. In other words, they are essentially doing banking activities outside the US, and supposedly Keith Laggos, their consultant, taught them all that. What their intentions were, I don't know, but one suspects they were trying to evade attention from the US financial regulatory agencies.
That is a pattern that should be exploited.
Sentropi provide of online fraud detection, fraud prevention, IP Geolocation, fraud protection, Device Identification, identity theft, credit card fraud detection solutions.
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