Richardcyoung.com

  • Home
  • Debbie Young
  • Jimmy Buffett
  • Key West
  • Your Survival Guy
  • How We Are Different
  • Paris
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • The Swiss Way
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • Dick Young
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool
  • Anti-Gun Control
  • Anti-Digital Currency
  • Joel Salatin & Alfie Oakes
  • World Gold Mine Production
  • Fidelity & Wellington Since 1971
  • Hillsdale College
  • Babson College
  • Contact Us

Thieves Now Stealing Identities That Don’t Even Exist

March 7, 2018 By E.J. Smith - Your Survival Guy

By Creativa Images @ Shutterstock.com

In what is known as “synthetic identity fraud,” thieves are now creating false identities from whole cloth, and using them to dupe lenders and credit card companies out of their money. The Justice Department says this fast growing danger is one of the hardest forms of identity crime to fight. That’s probably because no actual identity is being stolen, so there’s no immediate victim to raise a red flag on fraudulent activity.

The victims in this case end up being the lenders who cannot get their money back after sending it to a completely fictitious person. Peter Rudegeair and AnnaMaria Andriotis report for the Wall Street Journal that authorities end up chasing ghosts when synthetic identity fraud is investigated.

Finish reading this post at Yoursurvivalguy.com.

Related Posts

  • Healthcare.gov a Magnet for identity Thieves
  • Cyber Attack on America’s Critical Infrastructure?
  • Who’s Stealing Your Kid’s Lunch Money?
  • Author
  • Recent Posts
E.J. Smith - Your Survival Guy
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

Click here to sign up for my free monthly Survive & Thrive letter.
E.J. Smith - Your Survival Guy
Latest posts by E.J. Smith - Your Survival Guy (see all)
  • Epic Man Cave with Car Elevator in Utah - June 13, 2025
  • Graduating from Work to Retirement Special Bonus: God Only Knows - June 12, 2025
  • Graduating from Work to Retirement #20: Life in Reverse - June 11, 2025

Dick Young’s Must Reads

  • Yes, Your Children Are Listening to You
  • The Fed – “Independent” and “Non Political” – Joins The Resistance
  • Richard Feynman Solved the Space Shuttle Disaster Mystery
  • The Government Attack on Americans’ Independence
  • The Simple, Elegant Power of the Retirement Compounders
  • 751 “No-Go” Zones in France
  • The Armed American Family: Part I
  • The Biden Cabal Wants to Stop the Use of Clean, Safe, Domestic Natural Gas
  • Gstaad and the Swiss Way
  • When the Black Swan Swoops In for You

Compensation was paid to utilize rankings. Click here to read full disclosure.

RSS Youngresearch.com

  • Epic Man Cave with Car Elevator in Utah
  • Oil Prices Spike as Markets Brace for Potential Middle East Conflict
  • Is Private Capital Appropriate for 401(k)s?
  • US Underground Natural Gas Storage Capacity Grew in 2024
  • Trump Revokes Biden Policy on Snake River Dams
  • Graduating from Work to Retirement Special Bonus: God Only Knows
  • US Secures LNG Export Deals Worth $200 Billion
  • High-Voltage Cable Crunch Hits Global Electrification
  • May PPI Lower than Expected
  • Graduating from Work to Retirement #20: Life in Reverse

RSS Yoursurvivalguy.com

  • Epic Man Cave with Car Elevator in Utah
  • Is Private Capital Appropriate for 401(k)s?
  • Strikes Expose Israel’s Hidden Drone Operations Inside Iran
  • Even If You Don’t Golf: Part 2
  • Graduating from Work to Retirement Special Bonus: God Only Knows
  • Private Equity: Moody’s Warns There’s Ample Cause for Concern
  • Your Survival Guy: Castle Hill, Newport
  • Containerized Missiles and the New Rules of War
  • Graduating from Work to Retirement #20: Life in Reverse
  • America’s Silent Army with 423M Guns

US Treasury Yield Curve: My Favorite Investor Tool

My Key West Garden Office

Your Retirement Life: Traveling the Efficient Frontier

Live a Long Life

Your Survival Guy’s Mt. Rushmore of Investing Legends

“Then One Day the Grandfather was Gone”

Copyright © 2025 | Terms & Conditions | About Us | Dick Young | Archives