Identity Resolution Daily Links 2007-12-3
The Arizona Republic: Organized shoplifting grows into big business
“‘Fast-food fencing,’ or selling stolen goods through online auction houses like Craigslist or eBay, has made selling stolen goods much easier, Helmick said. Pawnshops report what merchandise they purchase to police, and some second-hand stores have regulations. But online auction houses, because of consumer-privacy laws, allow sellers to remain anonymous, to use false names and addresses, and thus to avoid detection.”
WCFcourier.com: Cedar Rapids man indicted on mail fraud charges
“A man who authorities say collected insurance payments on false claims and withheld renters’ damage deposits by falsely claiming damage to apartments has been indicted on 19 counts of mail fraud.”
The Courier-Journal: Magazine roundup
“Banking-secrecy laws are far more likely to ensnare innocent people than catch terrorists as they were supposed to do, according to Ibrahim A. Warde, who teaches international business at Tufts University. . . . Warde says that by law, banks in the United States must notify the Financial Crimes Enforcement Network, part of the Treasury Department, of any cash transaction exceeding $10,000 or any transaction that seems inconsistent with the way a client normally does business. They do so by filing a suspicious activity report. ‘It is estimated that more than 1 million SARs are now filed every year in the United States at an annual cost of $8 billion to banks,’ Warde wrote. ‘Most of the reports go … unprocessed. Furthermore, there is no evidence that a single act of terror was foiled through information disclosed in those reports.’”
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