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Scam Reporter

Fake Debt Collectors Rip Off Thousands

Recently two New York residents, Timothy Arent and Neil Wieczkowski, were convicted of mail fraud and tax evasion for their roles in a debt collection scheme. From October 2006 through October 2009, Arent and Wieczkowski engaged in a fraudulent debt collection scheme. The two illegally purchased debtor information from two former employees of a Buffalo debt collection business and used ... Read More »

SAT Fraud Discovered On Long Island

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Taking the SATs is probably the most important test you’ll ever take in your life. Point blank. Scoring well on the SATs helps determine which colleges and/or universities you get accepted to, thus determining if and where you will move after high school, the friends you’ll meet there, the experiences you’ll have and so on. One little test dictates so ... Read More »

It’s Been A Year Since The TSR – What’s Changed With Debt Settlement?

A year ago this month the Federal Trade Commission (FTC) barred debt settlement companies that used telemarketing from accepting up-front fees. Although it’s been an entire year since this change we are still see companies trying sneak in those up-front fees with businesses trying to exploit loopholes. The whole purpose of the Telemarketing Sales Ruling was to help consumers from ... Read More »

Romance Scams Shatter Hearts And Bank Accounts

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As a young, divorced, single woman in this country I’ve found it quite challenging to introduce new and exciting potential suitors into my life. I took a long while “off” of dating after the divorce and have recently thrown myself back into the game. Except the game isn’t that easy. Or fun. And I’m pretty sure games are supposed to ... Read More »

High School Aged Man Scamming Anchorage Residents In West High School “Fraud”raiser

Attention Anchorage, Alaska! I know it’s cold up there right now so I’m going to give you a handy quick tip: don’t open your doors! Perhaps I should elaborate a bit… don’t open your doors to a student-aged man collecting money for a West High School football trip to Italy. Apparently there is a young man touring the town asking ... Read More »

Global Points Owner Gets 2 Years In Prison For Wire Fraud And Money Laundering

Stephen Sparks, a business partner of Global Points, was sentenced on September 29, 2011 for federal fraud offenses after pleading guilty in January of 2011 to wire fraud and money laundering. Sparks was given a prison sentence of 24 months (2 years) with a following 3 years of supervised release. Sparks will also have to pay $1.3 million in restitution. ... Read More »

MetLife Securities Employee Defrauds Investors

In January 2011 Mark Edward Salyer of Tennessee was indicted on charges relating to an investment fraud scheme that he orchestrated from June of 2005 until November of 2007. According to the plea agreement filed with the court, Salyer was employed by MetLife Securities until 2007 and was responsible for the investment strategies regarding numerous IRA and brokerage accounts for ... Read More »

Maryland Fraudster Gets 6 Years In Prison For Bank Fraud And Identity Theft Scheme

After being convicted on July 5, 2011, Vicente Bilora Mbenga of Maryland, has been sentenced to six years in prison, three years supervised release after and an owed restitution of $27,218.06 for committing bank fraud and running an identity theft scheme. According to court documents and evidence presented at Mbenga’s trial, he participated in a scheme in which co-conspirators contacted ... Read More »

Savannah Man Faces A Potential 750 Years In Prison For Bank Fraud

Savannah, Georgia resident Richard Guerard was indicted by a federal jury on charged that he defrauded over $1 million from First National Bank and other banks between 2007 and 2009. Allegedly, in 2007 Guerard worked as a real estate developer acting on behalf of two businesses and entered into loan agreements with First National Bank among others for the purchase ... Read More »

Evangelical Minister Faces 150 Years In Prison For Selling A Bogus Cancer Cure

Christine Daniel was found guilty of federal charges for selling a bogus cancer cure to dozens of patients across the United States. Daniel faces a potential 150 year prison sentence and $5.5 million for her 11 counts of: four counts of mail and wire fraud, six counts of tax evasion with regard to her personal and corporate income tax filings, ... Read More »

Moo Money, Moo Problems

Thomas Gibson and Michael McDonald once operated one of the largest cattle brokerage businesses in the United States. Their company, Eastern Livestock Company, is now bankrupt but when it was in it’s prime they would process cattle sales and operate branch facilities in eleven states. The business came to a close on November 2, 2010. Turns out it’s a good ... Read More »

Medicare Fraud By “Erectile Pump” – Really, I Can’t Make This Stuff Up

In my research lately I’ve found story after story of Medicare or health insurance fraud. After a while, day after day, story after story, it all tends to run together. Except for the doozey I’m about to inform you all about. This one stands out and/or up. Gary Winner, an Illinois resident and owner of Planned Eldercare, has agreed to ... Read More »

$11 Millon Loan Scheme Lands Former CEO In Prison

David Findel, former CEO of Worldwide Financial Resources, a mortgage origination firm in New Jersey, was sentenced to 63 months in prison on September 27, 2011 for a connection with an $11 million fraudulent loan scheme. Previously, Findel pleaded guilty to an Information charging him with wire fraud. According to the Information to which Findel pleaded guilty and statements made ... Read More »

Postal Carrier Sentenced For Stealing Mail, Cash And Gift Cards

Last month I wrote about the TSA employee that was stealing money from travelers as they proceeded through security checkpoints. I was shocked by this since we (or at least I) assume that people in their position are there to help us, not steal from us. Well the world keeps turning and more people that I would consider to be ... Read More »

A Modern Day Bonnie & Clyde! Colorado Couple Charged With Ponzi Scheme

Marie and Richard Dalton of Golden Colorado were charged in a federal criminal complaint that was unsealed on September 30, 2011 with operating a $17 million Ponzi scheme that lulled investors in 13 states with claims of big potential returns on investments in diamonds and trading international notes. Though they were arrested in Atlanta, Georgia the couple will face charges ... Read More »

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