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Scam Reporter

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 »

The Law Offices of Lauren E. Womack – Consumer Complaint – 1-20-2012

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Date This Problem Happened: June 30, 2011 State You Live in: Massachusetts Race/Ethnicity: White Age Range: 51-65 Total Amount of Fee Paid: $3,000 Company Name: The Law Offices of Lauren E. Womack Company Address: 19528 Ventura Blvd. Suite 247 Tarzana , CA 91356 Company Telephone Number: 323-303-3343 Website of Company: laurenwomacklaw.com Consumer Statement: In July of 2011 I received a ... Read More »

Fast Debt Solutions – Consumer Complaint – 1-19-2012

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Date This Problem Happened: January 1, 2009 State You Live in: Ohio Race/Ethnicity: White Age Range: 36-50 Total Amount of Fee Paid: $3,000 Company Name: Fast Debt Solutions Company Address: Company Telephone Number: Website of Company: fastdebtsolutions.com Consumer Statement: HI! i was a member of FDS (Fast Debt Solutions) – i CANNOT find them ANYWHERE on the net.. NONE of ... Read More »

iLender Assistance – Consumer Complaint – 1-19-2012

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Date This Problem Happened: November 30, 2011 State You Live in: Pennsylvania Race/Ethnicity: Black or African American Age Range: 51-65 Total Amount of Fee Paid: Company Name: iLender Asst, iLender Assistance Company Address: Company Telephone Number: Website of Company: iLender.net Consumer Statement: On November 30,2011 when I returned from a Church Revival in Atlanta, I noticed 3 unauthorized transactions were ... Read More »

Purchase Power Solutions – Consumer Complaint – 1-19-2012

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Date This Problem Happened: January 18, 2012 State You Live in: Florida Race/Ethnicity: White Age Range: 65+ Total Amount of Fee Paid: Company Name: Purchase Power Solutions Company Address: Company Telephone Number: 888-512-8861 Website of Company: purchasepowersolutions.com Consumer Statement: Person called my wife for days and when she finally answered they told her that her credit card interest would be ... Read More »

Nationwide Financial Consulting – Consumer Complaint – 1-18-2012

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Date This Problem Happened: July 22, 2011 State You Live in: Nebraska Race/Ethnicity: White Age Range: 21-35 Total Amount of Fee Paid: Company Name: Nationwide Financial Consulting Company Address: Company Telephone Number: 877-717-0940 Website of Company: Consumer Statement: Was contacted by Kris Pennington of National Financial consulting. He told me how they could help. Sounded good. Charge was750.00 done in ... Read More »

Be On High Alert For Scammers Taking Advantage Of SOPA Blackout Protests

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As many have noticed today the Internet is buzzing about sites blacking out in protest of the controversial Stop Online Piracy Act (SOPA) and the Protect IP Act (PIPA). Wikipedia, Reddit, TheOatmeal.com and many other sites have gone black for the day in protest while sites like Google, TwitPic, WordPress, and Cheezburger Network (along with thousands of others) are speaking ... Read More »

Timeshare Telemarking Fraudster Sentenced

It was announced on January 9, 2012 that Jennifer Kirk was sentenced to 188 months (almost 16 years) in prison for conspiracy to commit mail and wire fraud when Kirk victimized consumers in a timeshare telemarking scam. Kirk will also serve five years of supervised release after the completion of her prison term, during which she is forbidden from the ... Read More »

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