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Fraud

Chew and Screw, Dine and Dash, on the Rise

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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 say that didn’t work out ... Read More »

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 in this day and age ... Read More »

Fishing for Suckers. Easy Money. How to Find People Willing to Part With Their Money.

This little gem is for all the people that think scams, suckers, flimflams, and cons are something recently invented. They most certainly are not. Here is an interesting book from 1916 titled: From the preface: There is an almost universal desire in all of us to have ”lots of money.” The desire to get it easily and quickly has afforded ... Read More »

Students Fight Back Against For-Profit Colleges: Westwood College Sued For Fraud

We’ve covered this topic time and time again (see Know Your For-Profit College ABC’s: Assertive, Bold and Cheeky. How I Almost Became a For-Profit College Statistic and Government Finds Fraud and Deception in Marketing for For-Profit Colleges); for-profit colleges and their deceptive practices to get students to enroll and take out loans they cannot afford. However, on August 21, 2010 ... Read More »

Abusive Debt Collector Accused of Bankruptcy Fraud : When The Collector Becomes the Collected

Over the years Jack H. Boyajian, a seasoned debt collector, has faced accusations from authorities across the U.S. for “illegal methods to squeeze debtors”. This year a new accusation arose against Boyajian after he filed for bankruptcy in August of 2009, that he has defrauded creditors by concealing assets from the court. The Federal Government says he owes around $670,000 ... Read More »

Apparently All Debts Are Going to Be Cancelled on July 11, 2010

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You can’t make this shit up. I’ll let the video speak for itself. What is that sound in the background? It sounds like someone peddling a bike to power the computer. Oh yes, it’s not true. Whatever you do don’t stop paying your debts on July 11, 2010. Get Out of Debt Guy – Twitter, G+, Facebook Read More »

Cease and Desist Order Against Vehicle Service Contract Marketers. SafeData Management Services, Consumer Direct Warranty Services, Warranty Administration Services, Warranty Administrative Solutions.

California Insurance Commissioner Steve Poizner today filed a cease and desist order against two California men and several corporations for allegedly operating unlicensed insurance companies and using deceptive and illegal telemarketing. Robert Lewis Chapman, James C. Sletner and several corporations they own and manage, including SafeData Management Services, Inc., d.b.a. Consumer Direct Warranty Services, Warranty Administration Services, Inc., and Warranty ... Read More »

More Arrests in Mortgage Refinance Scam in Calabasas, California

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This is an update on a previous article, Three Mortgage Brokers Arrested in Handcuffs from Mortgage Refinance Scam. In a continuing probe into a defunct Southern California mortgage brokerage, Attorney General Edmund G. Brown Jr. today announced the arrests of president and co-owner Sean McConville and two associates who used “deceptive promises and forged documents” to steal almost $1 million ... Read More »

Elderly Investors Scammed by “Man of God” Fraud

Sad Elderly Lady

  Photo Credit: Tiziano Caviglia Nigerian Citizen and Texas Resident, Samuel LeMaire, was recently sued by the SEC for alleged religious affinity fraud against elderly investors. The lawsuit filed June 7, 2010 by the SEC claims LeMaire presented himself as a “man of God” who intended to start a charitable foundation to help needy Nigerian children to investors by proposing ... Read More »

Jewelry Store and Pawnshop Owner Charged With Running Ponzi Scheme

Yesterday in Miami, Luis Felipe Perez was sued by the Securities and Exchange Commission for defrauding primarily Hispanic consumers by investing money for fixed returns. From 2006 until June 2009, Perez raised approximately $40 million in a Ponzi scheme affecting approximately 35 South Florida investors, many of whom were Hispanic. Using personal and family relationships while boasting of a successful ... Read More »

Parents: Helping Your Child With Credit Problems

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George’s parents were applying to refinance their home when they found that George had opened several credit card accounts using their names. He even forged their signatures. When they confronted him, he simply shrugged and told them he couldn’t qualify on his own – how was he supposed to get credit? Sarah’s parents cosigned a credit card application for her ... Read More »

Breaking Down the Misleading and Deceptive Financial Sales Pitch From the Get Real With Dave Burke Radio Show

I admit, using the words misleading and deceptive is pretty strong language to use to describe a radio show. In this case it is the “Get Real With Dave” Dave Burke radio show. Burke has been on the air buying time for at least a couple of years. Until May, 2010 he was pitching his radio shows as “Real Talk ... Read More »

SmartBuy, Frisco Marketing, Integrity Financial, MilitaryZone and Rome Finance Company All Accused of Scamming Soldiers

New York Attorney General Andrew M. Cuomo today filed a lawsuit against three nationwide lenders and their affiliated companies for preying on members of the military by selling them grossly overpriced electronics and then trapping them in illegal and open-ended credit plans. Attorney General Cuomo has also notified Defense Secretary Robert Gates and Secretary of the Army John McHugh of ... Read More »

Avoid Automated Calls Promising to Reduce Interest Rates

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FTC Warns Against Credit Card Interest Rate Reduction Scams U.S. consumers are being inundated with prerecorded “robocalls” from companies claiming they can negotiate lower credit card interest rates – for a fee. The Federal Trade Commission urges extreme skepticism about these offers, because many of them are fraudulent. In a new consumer alert, Credit Card Interest Rate Reduction Scams, the ... Read More »

Identity Thieves Flee Walgreens Without Credit Card But Grab Condoms and Greeting Card on the Way Out

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Out of Wyckoff, new Jersey comes the standard story of credit card impostors using fake cards to buy merchandise. What made me chuckle about this story was what the crooks took as they fled the drug store after a declined purchase using one of the fake cards. According to police, the same men returned yesterday, and attempted separate purchases. The ... Read More »

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