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National Bankcard Monitor Gets Their Own Name Wrong and Makes My Watch List

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Seriously, when a company can’t even get their own name right on their website, what kind of message does that send to consumers? I was checking out a site for National Bankcard Monitor at nbmsavings.com and noticed the name at the top of the site didn’t match the name they use. The proper name should be National Bankcard Monitor but ... Read More »

Bank Enforcement Actions – 9-21-2012

Bank Cease and Desist Orders Alabama 2012-182 Southfirst Bank, Sylacauga 8/15/2012 Florida 2012-183 Home Federal Bank of Hollywood, Hallandale Beach 7/27/2012 2012-184 Atlantic Coast Bank, Jacksonville 8/10/2012 Illinois 2012-185 United Trust Bank, Palos Heights 8/15/2012 Kentucky 2012-186 The Farmers National Bank of Cynthiana, Cynthiana 8/22/2012 Civil Money Penalty Orders Texas 2012-187 Milton Yang, Golden Bank, National Association, Houston 8/3/2012 Formal ... Read More »

Attorney General McGraw Warns of Telephone Scam Targeting Travelers

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West Virginia Attorney General Darrell McGraw is warning travelers to be on guard due to a scam making an increased appearance in the hospitality industry. Travelers are experiencing convincing calls from scammers attempting to obtain credit card information. This scam is targeting guests staying in hotel rooms. Individuals receive a telephone call from the thief who claims to be an ... Read More »

Layaway Express and 123 Layaway Sued by Ohio AG for Not Delivering the Goods

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Attorney General Mike DeWine filed suit this week against Layaway Express and 123 Layaway for failing to deliver products consumers purchased on layaway and for failing to provide refunds to consumers. “Consumers have to be able to trust that they will get a product when they pay for something with their hard-earned money,” said Attorney General DeWine. “When companies or ... Read More »

Even in Death, Student Loans, the Debt That Keeps on Giving

The unfolding tragedy of student loan debt in America took an interesting turn recently with an article published in the Baltimore Sun and then repeated in the ABA Journal. Thanks to a reader that sent in the tip on the article we get a glimpse into reason 198 why you should never cosign for student loans. Roswell Friend attended Temple ... Read More »

Detroit-Area Doctor Charged for Role in Alleged $40 Million Medicare Fraud Scheme

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According to a criminal complaint unsealed today in U.S. District Court in Detroit, Dr. Hicham Elhorr, 45, masterminded a $ 40 million scheme involving the submission of fraudulent claims submitted to Medicare for services that were medically unnecessary and/or never provided through House Calls Physicians (HCP), a physician home visiting service he owned and operated. Read the full story at ... Read More »

Bullshit Platinum Credit Card Selling Leads to Millions Paid in Fines to FTC

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The operators of a Philadelphia-based telemarketing scheme will pay more than $7.5 million to settle Federal Trade Commission charges that they peddled bogus “platinum” credit cards and illegally debited consumers’ bank accounts. Under a settlement with the FTC, Blake Rubin, Chase Rubin, and Justin Diaczuk — the individuals allegedly behind the Platinum Trust Card and Express Platinum Card scam — ... Read More »

Alabama Defendants Sentenced in a Multi- Million Dollar Stolen Identity Refund Fraud Scheme

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Three defendants involved in a stolen identity refund fraud scheme were sentenced today in the Middle District of Alabama, the Justice Department and the Internal Revenue Service (IRS) announced today. Chiquanta Davis received a prison term of 66 months, Terrence Davis was sentenced to 18 months in jail and Laurekshia Blakely received a six month prison sentence. All three were ... Read More »

How to Borrow From a 401k in a Make Sense Way

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Borrowing from a 401k is a major decision. It is important you make certain considerations before borrowing from your 401k, so that your loan doesn’t negatively impact your retirement. The key aspect to borrowing from a 401k vs withdrawing from one, is you won’t have to pay taxes or penalties unless you default on your loan or in some circumstances ... Read More »

Are You a Great Bankruptcy Attorney or Do You Know of One? We Want to Know.

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We’ve recently launched our new bankruptcy attorney directory at bankruptcy.getoutofdebt.org. Our hope is that we can make it easier for bankruptcy attorneys to be found by readers and that we can feature one attorney in each city. Filing bankruptcy is most often a nerve wracking experience. It’s less because of the actual process and more because of the uncertainty or ... Read More »

Fidelity Land Trust, Heritage National Land Trust, and Sunshine State Land Trust Company in the News

Previously I wrote a couple of articles about Fidelity Land Trust, that appeared to be selling a service to consumers where the consumer would deed their property over to the land trust company, for a fee. In the past few days Fidelity Land Trust and others have resurfaced in the news, specifically in the Palm Beach Post. Kimberly Miller of ... Read More »

Ed Cherry, Edward Tudor and Growth Capital Partners “Where is the Gold” Lawsuit

A tipster (send in your tips here) sent in a copy of a lawsuit filed by Edward Tudor, which is a fictitious name registered by Ed Cherry, of Hess Kennedy fame. The suit was filed on behalf of Growth Capital Partners as well, a company we’ve talked about before. In September of 2011 a suit was filed against Susanna Andrea ... Read More »

Dave and Marie Show – How Dave Burke Turns His Troubled Debt Relief Past Into Something Else

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Readers keep sending me information about Dave Burke. Burke is the discredited gent from Colorado who turned radio advertorial shows into selling advanced fee, no refund debt coaching to a lot of people. When people were unable to come up with the rest of the coaching fee, they were sent to collections. Under a settlement reached with the Colorado Attorney ... Read More »

Russia Credit Card Marketing Picking Up Speed With Tinkoff Credit Systems

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I was just in St. Petersburg, Russia and noticed that credit cards were not accepted everywhere, but yet enough places to separate me from my money. Had I known about Tinkoff Credit Systems when I was in St. Petersburg I would have dropped in to talk to them. It seems that Tinkoff Credit Systems has been generating a lot of ... Read More »

California Mass Joinder Attorney Anthony Kassas Fails to Show Up for His Own Trial

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From the State Bar of California. A Diamond Bar, California attorney accused of a massive loan modification scam that victimized more than 50 distressed homeowners is facing disbarment by default. Anthony J. Kassas, 35, [Bar # 227647] was the subject of the most extensive disciplinary charging document in recent State Bar history – 285 counts of misconduct involving 56 clients, ... Read More »

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