Verified Carrier

‘Owner’ of fictitious logistics firm sentenced in $2.8M COVID relief

A freight-related Paycheck Protection Program loan scam wrapped up recently with the second of two convicted Ohio women receiving her final sentencing.

In March 2024, Lorie A. Schaefer, 63, of Westerville, and Latisha C. Holloway, 42, of Reynoldsburg, were indicted on charges of orchestrating a multimillion-dollar fraud scheme involving COVID-19 relief funds. They illegally obtained more than $2.8 million in PPP loans through falsified documents and fraudulent business claims.

Schaefer...

https://www.freightwaves.com/news/owner-of-fictitious-logistics-firm-sentenced-in-2-8m-covid-relief

Inaugural Freight Fraud Awareness Day shines light on industry crisis

As the holiday season approaches, industry leaders are shining a spotlight on the growing problem of freight fraud, a costly issue impacting businesses and consumers alike. 

The inaugural Freight Fraud Awareness Day, set for Tuesday, aims to rally the logistics community and policymakers to tackle this escalating threat.

Freight fraud schemes like double brokering and cargo theft are estimated to cost the industry between $500 million and $700 million annually, according to a group of advocates...

https://www.freightwaves.com/news/inaugural-freight-fraud-awareness-day-shines-light-on-industry-crisis

FreightTech Friday: Verified Carrier talks vetting tech

The logistics industry is facing challenges from increasingly sophisticated fraud. Recently a bipartisan bill in Congress targeted scam freight brokers and trucking companies by seeking to require stricter registration and enforcement rules for brokers and carriers with the Federal Motor Carrier Safety Administration.

Now trending are technology providers in the space who are trying to help with their products as well. Recently, FreightWaves interviewed Verified Carrier, a solution providing a...

https://www.freightwaves.com/news/freighttech-friday-verified-carrier-talks-vetting-tech