Latest Posts
Home > Scam Reporter (page 64)

Scam Reporter

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 »

                      Microsoft Scammers Selling Fake Computer Virus Protection

                      justball-144x125

                      The Royal Canadian Mounted Police and Canadian Anti Fraud Center say the virus scam is growing to epidemic proportions. Since March of 2010 the RCMP have noticed that a majority of scam reports involve the Virus Scam. Canadians are getting phone calls from people claiming to be with Microsoft or another reputable software company asking how their computer is running. ... Read More »

                        Dead Cross Dressing Man’s Finger Prints Found on His Own Death Certificate.

                        justball-144x125

                        I love England. I had the good fortune to live there for almost 2 years and I found the people delightful, to observe. This is one of the reasons I’m fascinated with the british subjects. Anthony McErlean, age 66, faked his own death in Honduras and then tried to collect £520,000 from an insurance company, posed as has his own ... Read More »

                          Drifters Rob Florida Woman Using Fake Spider Poison Scam

                          justball-144x125

                          Criminals that prey on the elderly that really tick me off. I always think of my Grandparents and how kind and thoughtful they were. If someone would have taken advantage of their kindness and helpfulness would really have upset me. That’s just what three men did to an elderly couple in Naples, FL this week. Ruth Pence, 85 and her ... Read More »

                            Auto Surf Websites Busted in Ponzi Scheme

                            justball-144x125

                            This is a summary of the forfeiture motion filed in US District Court, District of Columbia on 8/5, 2008 against 8 Gilcrease Lane, Quincy ,Florida, Thomas A. Bowdoin, Jr., and others The web site known as 12DailyPro claimed to be an online advertising program whose advertisers paid them to get viewers to look at their ads. According to their offer, ... Read More »

                              Attorneys Selling Mortgage Rescue and Loan Modifications, Charged in Illinois

                              justball-144x125

                              An attorney that is involved in illegal activity? Wouldn’t you think that of all the people in the world, attorney’s would be the most likely to abide by the law? It appears not in in this case. The Illinois Attorney General Lisa Madigan has recently filed lawsuits against four Chicago area companies and licensed attorneys for operating fraudulent mortgage rescue ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                It is the smart thing to do.

                                I promise to keep your email safe and secure.

                                Close

                                I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

                                You can unsubscribe at any time with just one click.

                                After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


                                • It will keep you posted on the latest scams.
                                • You will be alerted to the latest articles.
                                • You will wind up smarter than everyone else dealing with debt.