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FTC Gets Contempt Ruling Against Promoter of Credit Repair and Debt Relief Services

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At the request of the Federal Trade Commission, a U.S. district court issued a contempt ruling against promoters of credit repair, debt relief, and food stamp services who violated a 2010 settlement with the FTC. The court ordered the defendants to pay for refunds to consumers they harmed, in violation of the court order. The court also modified the original ... Read More »

Fake Debt Collectors from India, Stopped

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In December of 2009 I wrote Frightening Calls From Fake Debt Collectors Threaten People With Jail for Payday Loans. It’s a Scam. Since that time people have been receiving an increasing number of brazen calls from fake and phony debt collectors threatening jail or arrest. The names and telephone numbers these fake debt collectors literally scared the money out of ... Read More »

Wasden Warns of Reported Mortgage Settlement Scams

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Attorney General Lawrence Wasden today warned Idahoans to be cautious of scam phone calls and e-mails related to the recent multistate mortgage servicer settlement. Citizens throughout the country have reported to the multistate group that they have been contacted by callers claiming to have a list of consumers who are eligible for money from the settlement. The caller asks for ... Read More »

Scam Alert – Beware of People Promising Help or Money From Mortgage Company Settlements

It appears consumers are receiving calls from telemarketers claiming they are eligible to receive part of the $25 billion settlement a number of states reached with mortgage servicers and foreclosure servicers. Callers are requesting the bank account information to direct deposit funds into the consumers account from the government settlement fund. It is a scam. Funds will not be deposited ... Read More »

Mortgage Relief and Debt Relief Scammers Lose Yacht, Cadillac, and Rolex in Judgment

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The Federal Trade Commission has just announced some stiff penalties against participants in it’s action against U.S. Mortgage Funding, Debt Remedy Partners, LowerMyDebts.com, David Mahler, John Incandela, Jonathan Incandela, and Jamen Lachs. – Source At the request of the Federal Trade Commission, a U.S. district court put the mortgage relief business permanently off limits to marketers who allegedly charged thousands ... Read More »

Attorney General’s Office sues four foreclosure rescue companies

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Indiana Attorney General Greg Zoeller will file four more lawsuits this week against mortgage rescue companies accused of scamming Indiana consumers out of thousands of dollars. These four lawsuits raise the total number of actions taken against foreclosure rescue companies to 95 since 2006. Strategic Alliance of California, National Financial Services of Texas, United Capital of Maryland and LA Strattan ... Read More »

Credit Card Interest Rate Reduction Scam Nailed in Canada-U.S. Sting

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The Federal Trade Commission has reached a settlement with four of the defendants in an allegedly phony debt relief services operation that claimed that, for $995, it would dramatically reduce consumers’ credit card interest rates. Under the settlement, reached as part of the FTC’s continuing efforts against frauds that target financially strapped consumers, the defendants will be banned from robocalling ... Read More »

Moneymaker Payday Lender Scam Halted by FTC to Stop Sales of Worthless Programs

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The Federal Trade Commission has stopped an operation that targeted payday loan seekers and charged them for worthless programs without their consent. A settlement order, reached as part of the FTC’s ongoing efforts to stamp out online fraud, requires the defendants to pay more than $9.9 million and bans them from marketing negative-option programs, which charge recurring fees until a ... Read More »

Summary of 2011 Consumer Complaints and Scam Reports

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The GetOutOfDebt.org site hosts the Debt Relief Consumer Complaint Scam Database where consumers can file reports against companies they feel took advantage of them. In 2011 there were 189 consumer complaints filed. Here is a breakdown on those reports. Complaints by Consumers Were received from: Alaska: 4 Alabama: 2 Arizona: 3 California: 25 Colorado: 2 Connecticut: 1 Florida: 10 Georgia: ... Read More »

Foreclosure rescue scam claims LaPorte County victim

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Consumers in a financial pinch trying to keep up on their mortgage payments should not fall prey to unsolicited mortgage rescue offers, according to Indiana Attorney General Greg Zoeller. A LaPorte County man fell victim to a foreclosure rescue scam before he realized no work had been done to lower his interest rate and his $1,790 up front payment was ... Read More »

OK I’ll Say It, Debt Menders is a Total Scam But You’ve Got to See This

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The Debt Menders site promises to clear your debt today, offers guaranteed credit repair, and will lower your payments instantly. You probably know the general type of site I’m describing already if you’ve been on the internet for at least ten minutes searching for debt help. But this site is definitely different from all the rest. You see it’s a ... Read More »

Have You Been Scammed or Ripped Off? How to Get Help and Get The Problem Resolved.

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If you feel like a company you paid for a service has not delivered the best place to start to attempt to resolve the issue is to contact the company directly. If you’ve tried repeatedly to get your issue resolved by sending an email or leaving voicemail and that’s not getting any attention, send a letter by some traceable means ... Read More »

Rome Wasn’t Counterfeited In A Day

At the ripe young age of 25 Atlanta Georgia’s Vincent Gerome Rome Jr., pleaded guilty to manufacturing counterfeit $100 bills along with being a felon in a charge of a possession of a firearm. Over an approximately two-year period ending in August 2011, Rome created over $1.2 million in counterfeit $100 bills by removing the original image from genuine $5 ... Read More »

Two Jailed For Fraudulent Debt Collection Service

Those in connection to the fraudulent debt collection service Maxwell, Turner & Associates (MTA), Darrian Summers and Stefan Lemar Miller, were sentenced to eight years and six years of prison, respectively. Summers was sentenced to eight years for conspiracy to commit mail fraud, and Miller was sentenced to six years and nine months for conspiracy to commit mail fraud and ... Read More »

Something Stinks. It Could Be This $1 Million Septic Tank Scam

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It was announced earlier this month that defendants Mary Moore, Joseph Nouerand and Christopher Lincoln plead guilty to one count of conspiracy to commit wire fraud for… get this… knowingly participating in a shame to fraudulently market and sell unnecessary and unneeded septic treatment products to consumers. The three acted in cahoots with other employees of FBK Products, a Florida ... Read More »

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