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Scam Reporter

A 25 Count Indictment For Investment Scheme Fraudster Announced

A federal grand jury in Pheonix returned a 25 count indictment against Gerald Lee Kelly on four counts of wire fraud, six counts of mail fraud, 10 counts of money laundering and five counts of structuring financial transactions to avoid federal bank reporting requirements. The indictment alleges that in 2006 and 2007, Kelly operated a business called Cornerstone Financial Holdings, ... Read More »

Final MTA Debt Collection Fraudster Pleads Guilty

The last defendant in the MTA debt collection scheme has pleaded guilty. Paul Anthony Vasquez pleaded guilty on January 17, 2012 to conspiring to commit mail and wire fraud and money laundering. Vasquez also agreed to pay full restitution and forfeit assets seized by federal agents, including over $950,000 in cash and a 1.5 carat diamond ring. If Vasquez’s name ... Read More »

Brookstone Law – Consumer Complaint – 1-24-2012

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Date This Problem Happened: January 23, 2012 State You Live in: California Race/Ethnicity: Hispanic or Latino Age Range: 36-50 Total Amount of Fee Paid: 0 Company Name: Brookstone Law Company Address: 4000 MacArthur Blvd. Suite 110 Newport Beach, CA 92660 Company Telephone Number: 800-946-8655 Website of Company: brookstonelaw.com Consumer Statement: I’ve read 2 posts that make mention of Brookstone Law, ... Read More »

Universal Fidelity, LP – Consumer Complaint – 1-24-2012

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Date This Problem Happened: January 23, 2012 State You Live in: Colorado Race/Ethnicity: Age Range: 36-50 Total Amount of Fee Paid: Company Name: Universal Fidelity, LP Company Address: P.O. Box 941911 Houstn, TX 77094-8911 Company Telephone Number: 281-647-4152 Website of Company: payuflp.com Consumer Statement: Received a “Confidential Message” from a company called Universal Fidelity LP claiming that I owe their ... Read More »

Talk Show Host And Financial Advisor Sentenced For Ponzi Scheme

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Wednesday marked the announcement that Anthony Cutaia was sentenced to 51 months in prison for mail fraud “Ponzi” investment scheme. Cutaia had pled guilty in July 2011 to Count 2 of a Criminal Information filed in June 2011, which charged him with mail fraud in connection with his participation in a real estate investment scheme from 2003 to 2006, in ... Read More »

ILENDER – Consumer Complaint – 1-24-2012

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Date This Problem Happened: December 6, 2010 State You Live in: Maryland Race/Ethnicity: White Age Range: 21-35 Total Amount of Fee Paid: $30 Company Name: ILENDER Company Address: Company Telephone Number: 866-210-1236 Website of Company: Consumer Statement: I called the company several times and they keep saying 5-7 days my money will be returned. Now the phone number just rings ... Read More »

iLenderAst – Consumer Complaint – 1-24-2012

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Date This Problem Happened: December 7, 2012 State You Live in: Mississippi Race/Ethnicity: White Age Range: 36-50 Total Amount of Fee Paid: $30 Company Name: iLenderAst Company Address: 2831 Saint Rose Pkwy Ste 200 Henderson, NV 89052-4841 Company Telephone Number: 888-475-9335 Website of Company: ilendernetwork.com Consumer Statement: Money was taken out of my bank account for a pay day loan ... Read More »

Corrupt Criminal Club: Member’s Only

On Wednesday of last week word broke about the largest insider trading scheme involving single stock charged to date. Three defendants have pled guilty and are cooperating with the government’s investigating a scheme that allegedly netted more than $61.8 million in illegal profits. Charges were announced against seven investment professionals, who worked at three different hedge funds and two other ... Read More »

Investment Fraudster Defrauds Over 200 Out Of $14 Million

Bradley Stark, the fraudster defendant who represented himself at trail was convicted by a federal jury for deceiving investors about an investment scheme that involved more than 200 victims and more than $14 million. Following Stark’s five-day trial he has been convicted on all counts of an indictment charging him with seven counts of wire fraud and one count of ... Read More »

Computer Programmer Charged With Stealing Software Code From Federal Reserve Bank

A complaint unsealed last Wednesday in Manhattan federal court charged Bo Zhang, a computer programmer, with stealing proprietary software code from the Federal Reserve Bank of New York, where Zhang worked as a contract employee. Janice Fedarcyk, FBI assistant director-in-charge, stated: “Zhang took advantage of the access that came with his trusted position to steal highly sensitive proprietary software. His ... Read More »

Hells Angel Commits Mortgage Fraud For Marijuana Grow House

In September I covered a story about two leaders of the Hells Angels that had been accused of mortgage fraud. A mortgage broker in the San Francisco bay area was charged with conspiracy to arrange more than $10 million in fraudulent home loans including the two Hells Angels leaders. Raymond Foakes, former President of the Hells Angels Sonoma Chapter, pleaded ... Read More »

Nationwide Financial Consulting – Consumer Complaint – 1-22-2012

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Date This Problem Happened: January 12, 2012 State You Live in: Michigan Race/Ethnicity: White Age Range: 66+ Total Amount of Fee Paid: $375 Company Name: Nationwide Financial Consulting Company Address: 4952 Warner Ave. Sut. 100 Huntington Beach, CA 92649 Company Telephone Number: 877-717-0940 Website of Company: Consumer Statement: I, too fell victim to the scam from Nationwide Financial Consulting in ... Read More »

Cornerstone State Financial – Consumer Complaint – 1-20-2012

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Date This Problem Happened: November 1, 2011 State You Live in: Indiana Race/Ethnicity: White Age Range: 36-50 Total Amount of Fee Paid: $1,900 Company Name: Cornerstone State Financial Company Address: 1 Penn Plaza 49th Floor New York , New York 10119 Company Telephone Number: 888-643-4749 Website of Company: cornerstone state.com Consumer Statement: I Was contacted by a “Nathan Grey” from ... Read More »

TAC / Cash Solutions Fake Debt Collector – Consumer Complaint – 1-20-2012

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Date This Problem Happened: October 20, 2011 State You Live in: Tennessee Race/Ethnicity: White Age Range: 21-35 Total Amount of Fee Paid: Company Name: TAC / Cash Solutions Company Address: Company Telephone Number: 347-671-0356 Website of Company: cashsolutions.com Consumer Statement: For the last several mponths I have been receiving very harassing phone calls from people with very thick Indian accents. ... Read More »

iLender Assistance – Consumer Complaint – 1-20-2012

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Date This Problem Happened: December 6, 2011 State You Live in: North Carolina Race/Ethnicity: White Age Range: 36-50 Total Amount of Fee Paid: Company Name: iLender Assistance Company Address: Company Telephone Number: 866-475-9335 Website of Company: ilendernetwork.com Consumer Statement: In December of 2011 I was looking for a pay day loan and submitted a request via the web. I found ... Read More »

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