Are We Overlooking A New Kind of Fraud Hiding In Bank Statements? The Growing Challenge Of 'Circular Income Transactions'
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Summary
A sophisticated fraud tactic called 'circular income transactions' is emerging where individuals create fake income evidence by rapidly cycling money through payment apps like Venmo or Cash App. These...
Key Details
Published
12 August 2025 at 09:00 am
Source
The 420
Channel
payment apps
Victim Profile
financial institutions
Fraud Keywords
circular income transactionssynthetic income launderingbank statement fraudpayment app fraudloan application fraudtransaction velocity