Frank on Fraud

Hello, I'm Frank McKenna, the Co-Founder and Chief Fraud Strategist at PointPredictive, an AI firm dedicated to tackling application fraud in the lending sector. This blog is my personal space, where I share my thoughts and insights; the views expressed here are solely my own and do not represent PointPredictive. I am passionate about supporting fraud managers and data scientists in their efforts to combat fraud globally, just as they do every day. Throughout my career, I've collaborated with over 200 banks, lenders, and financial institutions, assisting them in addressing fraud challenges that affect their clients.

National, Trade/B2B

English

Blog

Outlet metrics

Domain Authority

Ranking

Global

#1515335

United States

#658405

Finance/Finance

#5988

Traffic sources

Monthly visitors

Articles

The New "Infinite Car Glitch" Heist Sells For $525 Online

5 days ago | frankonfraud.com | Frank McKenna

In the early morning of January 29th, 2025, Delhi Police Officers watched from unmarked vehicles as two men scouted parked cars in an industrial area of the city. At 3:00 AM, the suspects, Mehta, 30, and Faisal, 36 approached a target car carrying what appeared to be a small tablet in their hands. Within minutes, they would have driven away with another stolen car and added it to the 50 vehicles they had stolen in the days prior. But this time, police were waiting.
Cambodia's $19 Billion Scam Empire Is Run By Government

1 week ago | frankonfraud.com | Frank McKenna

A stunning new report was unveiled last week with this revelation ðŸ‘‰ Cambodia has become a $19 billion scam empire that is run and operated by the government. That new report Policies and Patterns was released by Jacob Sims last week. He warns in the report that the problem is only going to get worse, calling the country “the absolute global epicenter” of scams and is the country “most primed for explosive growth going forward”These are the top most mind blowing revelations in the report.
Fraud Fighters Unite - The Peculiar Fraud Conference

2 weeks ago | frankonfraud.com | Frank McKenna

It’s utterly insane. And it seemed to come out of nowhere. And I think it spells big trouble for Deepfakes and Disinformation on the internet. On May 20th, Google launched an extraordinarily powerful deepfake video software powered by artificial intelligence called VEO 3. It has taken deepfakes to a whole new level. The mind-blowing AI constructs cinematic video clips from text prompts and the results look and feel entirely real.
TU -Credit Washing And Synthetic Hit All Time High

2 weeks ago | frankonfraud.com | Frank McKenna

According to TransUnion Synthetic Identity and Credit Washing Fraud have hit another record high and are showing no signs of slowing down anytime soon. U.S. lenders now face $3.3 billion in potential losses due to Synthetic and a doubling of credit washing since 2021 . This represents an all time high since the firm began tracking the frauds in 2009.
The Cheating Boom: Inside Cluely's AI Bid To Normalize Deception

3 weeks ago | frankonfraud.com | Frank McKenna

Cheat on meetings. Cheat on exams. Cheat on sales calls. Cheat on dates. Cheat on Everything. A controversial AI startup promotes their app as the best way to do all of those things, and they have just secured millions in venture funding.
South Beach Bust Out Fraudster Arrested With 20 Cars

3 weeks ago | frankonfraud.com | Frank McKenna

The arrest of a 56-year old named Omar Guardia in Miami marks what could be one of the first arrests of one of the largest organized bust out fraud schemes in the country – The South Beach Bust Out Syndicate. Charged with organized fraud, grand theft, unlawful subleasing and theft by false statement, Guardia allegedly purchased 17 vehicles, 10 of those in a single month worth over $500,000. He had 20 cars in his name when he was arrested.
Six Times Check Fraud Has Taken Toll On Banks Earnings

1 month ago | frankonfraud.com | Frank McKenna

Check fraud. It seems like it will never go away. And every year another bank seems to get hit with an outbreak that they are forced to publicly disclose. It’s rare that fraud ever makes its way into banks annual and quarterly filings, but when it does it’s always check fraud. Checks are seriously more trouble then they are worth for banks, so I decided to research the problem and get to the bottom of it. My objective?
Scam Bosses Complain - "Our Profits Are Falling" - Frank on Fraud

1 month ago | frankonfraud.com | Frank McKenna

An article posted on Telegram’s Southeast Asia Wanted Notice channel starts with two simple questions – “Are all the scammers losing money this year? Are the good times over”. As scam bosses face an influx of new copycat scam centers in Cambodia, competition is heating up and there is less scam money to divide. To make matters worse recent crackdowns on compounds in Myanmar is forcing scam centers to repeatedly move, costing them big money.
FTC : Auto Loan Fraud Is Spiking To Record Pace In 2025

1 month ago | frankonfraud.com | Frank McKenna

Americans are on pace to file close to 90,000 complaints for fraudulent auto loans to the FTC this year. That will shatter previous records. According to CBS News, the FTC received 21,400 auto fraud complaints in just the first quarter of 2025, representing a 43% increase from 2024 levels when consumers filed more than 60,000 reports for the entire year. Complaints of fraudulent auto loans have been increasing since 2024 according to FTC data.
Deepface Live's Perfect Deepfakes Captures Heartbeats

1 month ago | frankonfraud.com | Frank McKenna

AI deepfakes are getting so good at capturing all the details, and I mean everything. A new study from German researchers challenges what many experts have believed will be the key to detecting deepfakes – heart detection. They claim that high-quality deepfakes can now replicate human heartbeat signals, making a critical detection method virtually useless.