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Non-Profit Credit Counseling Service United Financial Systems Signs Florida Judgment

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I’m going to say it, sometimes it does feel good to be proven right. One such example is that of the non-profit credit counseling group United Financial Services run by Christopher Boulahanis. Back in April of 2010 I published a warning, Debt Management Plan With United Financial Systems Runs Off the Rails. And so it did. Between then and now ... Read More »

Mortgage Banker Faces Jail Time While Others Already Sentenced for TBW and Colonial Bank Fraud

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Delton de Armas, a former chief financial officer (CFO) of Taylor, Bean & Whitaker Mortgage Corp. (TBW), pleaded guilty today to making false statements and conspiring to commit bank and wire fraud for his role in a more than $2.9 billion fraud scheme that contributed to the failures of TBW and Colonial Bank. The guilty plea was announced March 20, ... Read More »

Former Bishop Charged in Ponzi Scam

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The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) and United States Attorney for the District of Connecticut David B. Fein recently announced that a federal grand jury sitting in Bridgeport, Conn., has returned an indictment charging Julius C. Blackwelder, 59, of Utah, formerly of Stratford, Conn., with nine counts of money laundering and mail ... Read More »

JK Harris Former CEO Arrested

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The Post and Courier is reporting that John K. Harris, the former CEO of the tax resolution firm JK Harris, was arrested on Sunday March 11th. Apparently a contempt of court warrant had been sworn out against him and Sheriff Office deputies picked him up for a free ride to jail. More information is online here. Hat tip to the ... Read More »

BBB Says Notorious Doug Van Arsdale Still At It With SaveMore.com

The St. Louis BBB has issued the following statement on the reincarnation of Doug Van Arsdale from Credit Solutions of America. More than 1,000 Internet shoppers from across the nation – including dozens from Missouri and Illinois – said they never received discount coupons purchased from the Texas-based daily deal site SaveMore.com. The Better Business Bureau (BBB) says customers from ... Read More »

Worthless Auto Warranty and Credit Card Interest Reduction Telemarkters Put Out of Business

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The Federal Trade Commission put a robocall operation out of the telemarketing business under a settlement resolving FTC charges that it bombarded consumers with more than two billion calls pitching a variety of products and services, including worthless extended auto warranties and credit card interest rate-reduction programs. The final settlement order against SBN Peripherals, based near Los Angeles, which did ... Read More »

Senior Citizens Tricked Into Buying Investments on Credit Says FTC

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The Federal Trade Commission took action to halt a telemarketing operation that allegedly took millions of dollars from senior citizens by conning them into buying precious metals on credit without clearly disclosing significant costs and risks, including the likelihood that consumers would subsequently have to pay more money or lose their investment. The action was against Premier Precious Metals, Rushmore ... Read More »

Non-Profit Credit Counselors Get Into the Bogus Debt Relief Mailer Business

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A reader forwarded me the following mailer she received. It is a spinoff of the many bogus debt relief mailers over the past few years. This mailer bears the following identification: Document NPDRA2012 Non-Profit Debt Relief Agency – Pre-Qualification Notice 800-370-9375 Credit Card Accountability, Responsibility, and Disclosure Act of 2009 Claims to be associated with a “Certified Non-Profit 501c3 Debt ... Read More »

FTC Burns BurnLounge as Pyramid Scheme

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At the request of the Federal Trade Commission, a U.S. district court judge has ordered the operators and top promoters of a deceptive pyramid scheme to pay a total of $17 million to refund consumers who were burned by the scam. The court order permanently halts marketing methods used by the operation known as BurnLounge, which lured more than 56,000 ... Read More »

California Attorneys Arrested and Booked for Taking Money From Consumer for Mortgage Help

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The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) and California Attorney General Kamala D. Harris today announced the arrests of the owners and managing attorney of a law firm that took thousands of dollars in up-front loan modification fees for services that were never performed for homeowners, many of whom ended up losing their ... Read More »

Corvus Law Group Agrees to Change Direct Mail Ads

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A Utah law firm that files multi-plaintiff lawsuits against mortgage servicers has agreed to change how it solicits clients in Idaho, Attorney General Lawrence Wasden said today. Wasden’s office reached a settlement agreement with Corvus Law Group, LLC, which maintains an office in Post Falls, Idaho. Pursuant to the agreement, the firm has modified its direct mail ads to comply ... Read More »

Fake 2010 U.S. Stimulus Plan Mailers STILL Being Sent

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Now I’m just in disbelief that bogus debt relief mailers like this are still being sent out. There is nothing compliant about this mailer. It makes unsupported claims, fails to identify the company, and in my opinion, should be avoided at all costs. I’ve covered similar mailers like this before, which you can see in the related links below. This ... Read More »

Watch Out for Counterfeit Cashier’s Checks of Peoples Bank, Marietta, Ohio

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Peoples Bank of Marietta, Ohio has reported that counterfeit cashier’s checks issued in the bank’s name and using a correct routing number of 044202505 are being presented for payment nationwide in connection with scams targeting law offices. Counterfeit items closely resemble the bank’s authentic cashier’s checks but may be identified by the following: The checks do not include the bank’s ... Read More »

New Scam Claims You Need to Pay the IRS for Money Being Held by OCC, Homeland Security or Department of Justice

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Fictitious correspondence, allegedly issued by the Office of the Comptroller of the Currency (OCC) regarding funds purportedly under the control of the OCC and other government entities, is in circulation. Correspondence may be distributed via e-mail, fax, or postal mail. Any document claiming that the OCC is involved in holding any funds for the benefit of any individual or entity ... Read More »

Beware of Counterfeit Cashier’s Checks from GreenBank, Capital Bank in Tennessee

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This alert has just been issued. Apparently scammers are sending out counterfeit cashier’s checks issued in the name of GreenBank (now Capital Bank, N.A.) and using a correct routing number of 064201832 are being presented for payment nationwide in connection with various Internet scams. Counterfeit items closely resemble the bank’s authentic cashier’s checks but may be identified by the following: ... Read More »

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