Category Archives: Fraud
- Couple Faces Serious Jail Time For Their $25 Million Nationwide Telemarketing Fraud Scam
Kara Singleton Adams, from Georgia, was found guilty last week on charges of wire fraud, conspiracy, and structuring financial transactions, relating to a $25 million nationwide telemarketing fraud scheme. Already convicted in this scheme are three co-defendants including Adams’ husband, Jason James Eyer, James Adolph Schoenholz, and Brittany Dunphy. All three pleaded guilty to related [...]
- Glenn Beck-Endorsed Goldline Charged With Fraud
If you’re familiar with those old television ads with the likes of Glenn Beck and other conservative political figures endorsing the company Goldline you’re more than likely aware of the deals they offered for consumers to buy gold in order to protect families in these rough economic times. Over a year ago ABC Good Morning [...]
- Treasury Reports An 88 Percent Increase In Mortgage-Fraud Since 2010
Banks are re-examining loans that took place during the housing boom and are now finding problems which has resulted in a large jump of reported mortgage-fraud. Reports are showing an 88 percent jump in the second quarter according to the Treasury Department. “Most of the mortgages suspected of fraud closed during the height of the [...]
- Homeowners In Financial Distress Lose Over $1.2 Million To Mortgage “Rescue” Fraud
To the tune of a MasterCard commercial: $4.7 million in fradulent mortgage loans… $944,224 lost by lenders…. $1.2 million lost in equity to homeowners…. Shameful. Mary Ann Dean and Charles Donaldson pleaded guilty to the charge of conspiracy to commit wire fraud in connection with a mortgage fraud scheme of Sunset Mortgage Company. Dean was [...]
- FTC Proves EDebitPay, Dale Cleveland and William Wilson are Crazy to Think That Would Fly
In 2008 the FTC went after EDebitPay, Dale Cleveland and William Wilson charging that they made unauthorized debits from consumers’ bank accounts and deceptively marketed prepaid debit cards and short-term loans. The settlement order permanently barred them from making future misrepresentations or unauthorized debits. But flash forward to more recent days when the crew was [...]
- Kirkland Young & Attorney Aid Companies Pay 2.2 Million and Banned from Mortgage Relief Business
Under a settlement with the Federal Trade Commission, two companies and three individuals are banned from the mortgage relief services business and must relinquish $2.2 million in assets for consumer refunds. The action is part of the FTC’s ongoing effort to stop scams that target financially strapped homeowners seeking mortgage relief. In November 2009, the [...]
- FTC Kicks It Up a Notch Against Scams That Target Financially-Strapped Consumers
The Federal Trade Commission today stepped up its ongoing campaign against scammers who falsely promise guaranteed jobs and opportunities to “be your own boss” to consumers who are struggling with unemployment and diminished incomes as a consequence of the economic downturn. “Operation Empty Promises,” a multi-agency law enforcement initiative today announced more than 90 enforcement [...]
- Active Duty Soldiers Harassed For Debts With Threats Of Family Being Arrested
photo © 2007 The U.S. Army | more info (via: Wylio)I would like to preface this next news story with my exact facial expression. I encourage you join me. Please, if you would, raise your eyebrows, drop your jaw about an inch and let the fire rage in your eyes when you read about this [...]
- Nearly $700,000 and 27 Months Jail Due From Texas Energy Company Bookkeeper for Embezzlement
More than $659,000 was embezzled by Constance Bexley Iwanski, a Texas energy company bookkeeper. Iwanski will face up to 27 months in federal prison and be required to pay the company their money back. Iwanski had been with the company for 31 years and had been solely in charge of the books for 17 years. [...]
- Advanced Fee Loan and Credit Repair Scam Mastermind – Arrested by FBI.
For six months Edward Louis Molz III, under the name Frank Sullivan, scammed 247 small business owners in an advance-fee scam under a phony corporation called 3rd Street Financial LLC. According to the Criminal Complaint and Affidavit of Special Agent Deen Abbott filed, the Dallas Division of the FBI received complaints from 44 victims between [...]
- Gas Pumps Steal Credit Card Information. Cops Use MySpace Photos for Arrest.
Two men were sentenced recently to prison for their role in stealing more than $90,000 from some 200 people in Northern California by stealing personal financial information with a sophisticated skimming device placed inside ATM and credit card payment devices at gas station pumps. On January 22, 2011 in Contra Costa County Superior Court in [...]
- Business That Charged Cards Without Authorization Settles With FTC
Defendant Banned from Internet Businesses that Access Consumers’ Bank Accounts Defendants in an operation that the Federal Trade Commission alleged stole millions of dollars from consumers by making unauthorized charges and debits to their bank accounts have reached settlement agreements with the FTC. In Operation Short Change – a July 2009 crackdown on scammers taking [...]
- Credit Card Thief Talks About How Easy it is to Steal Your Information
photo © 2008 rikkis_refuge | more info (via: Wylio)CreditCards.com published a piece recently that talks with a former credit card thief, Dan DeFelippi, and he revels how easy it is to get into the fake credit card business. DeFelippi, 29, mostly made fake credit cards with real credit card information he bought online. “I would [...]
- Chew and Screw, Dine and Dash, on the Rise
I’ll not soon forget the time I was sitting at a restaurant and watched a guy get hauled out for refusing to pay for his meal. His position was that since the place was offering a two for one deal that night that since he was eating alone he should only pay half. Needless to [...]
- GAO Takes Closer Look at Home Loan Modification Scams
The Government Accountability Office (GAO) comprised a report, Homeownership Preservation: Federal Efforts to Combat Foreclosure Rescue Schemes Are Under Way, but Improved Planning Elements Could Enhance Progress, based on “information available to federal and state agencies and nonprofit organizations, such as consumer complaints and the number of enforcement actions.” The report revealed two predominant schemes [...]