Editor’s Note: Today, a Canadian payment processor named PacNet became one of the many targets of an unprecedented crackdown on global mail fraud, which was announced today by Attorney General Loretta Lynch. CNNMoney, which exclusively broke the news of this action, has spent months digging into this little-known company and the shadowy world of global mail fraud. Our investigation is below:
The frauds rake in millions from the sick and elderly — leaving them with nothing. This is a story about the little-known company that cashes the checks.
And it happens victim by victim.