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Scams in the News

Multi-Million Dollar Stock Fraud Of Signalife

An attorney for South Carolina health care device company, Signalife, was arrested last week at Los Angeles International Airport (LAX) on charges related to his alleged role in a multi-million dollar market manipulation fraud scheme. The indictment charges Mitchell Stein with one count of conspiracy to commit mail fraud and wire fraud, three counts of mail fraud, three counts of ... Read More »

Men Behind New Jersey Fake Hedge Fund Management Charged For Defrauding Victims

Two men running a fake hedge fund scheme have been charged in New Jersey for the alleged $3.5 million fraud. The men, George Sepero and Carmelo Provenzano, claimed to run Jersey based hedge funds using a secret computer program to invest in foreign currency were charged for defrauding victims and spending the investments on high-end vehicles, luxury travel, and five-figure ... Read More »

United Way Employee Sentenced To Almost 4 Years In Prison For Stealing Donations

Earlier this month, Dorothy Shields Talbot, was sentenced to 46 months in prison, followed by three years of supervised release, for wire fraud in connection with a scheme to steal over $375,000 in donations from her employer, United Way of Central Maryland. According Talbot’s plea agreement, the United Way of Central Maryland was a non-profit charitable organization located in Baltimore. ... Read More »

The Best Way To Sucker A Timeshare Owner Into Something (Other Than A Timeshare) Is A Way OUT Of A Timeshare

Another Florida based telemarketing scam has arose under the name Universal Marketing Solutions and Creative Vacation Solutions targeting owners of timeshares throughout the United States. Last week, Joel Intravaia, of Florida was sentenced to 60 months in prison followed by three years supervised release along as a result of his guilty plea to a one count information charging him with ... Read More »

Heartless Criminal Activity In Foreclosure-Related Scam

Last week a man whom operated a foreclosure-rescue scam agreed to plead guilty after collecting $1.6 million from 1,100 distressed homeowners. The man, Frederic Alan Gladle, of Austin, Texas, ran his scam in Los Angeles and elsewhere where he falsely promised the owners of more than a thousand distressed properties that they could indefinitely postpone foreclosure sales. Gladle was charged ... Read More »

It’s A Hard Knock Life For Mortgage Fraudsters

For my generation the term “Hard Knocks” cannot be mentioned without the memorable image and sound of Jay-Z’s “ghetto anthem” rendition of “It’s A Hard Knock Life” from the play Annie. My personal favorite lyric and image from the infamous song being: “I’m from the school of the hard knocks, we must not let outsiders violate our blocks.” You see, ... Read More »

To Catch A Financial Predator

Yesterday it was announced in Illinois that Edward Lynn Moskop was sentenced to the maximum statutory penalties of 240 months in prison for mail fraud and 120 months for money laundering. This 360 month (30 year sentence) sentence is to be served concurrently followed by three years supervised release after. The sentence follows Moskop’s guilty plea to the two count ... Read More »

Witness Murdered Over $513,563 Bank Fraud Scheme

From May 2009 through November of 2011 it’s been alleged that two men, Tavon Dameon Davis and Bruce Eric Byrd, among others were involved in a scheme to steal money orders and checks from rent deposit boxes at apartment complexes, then deposit the funds into fraudulent business savings, checking and payroll accounts at banks. The conspirators then allegedly withdrew the ... Read More »

State Government Uniform Scam? That’s New…

A Massachusetts man was sentenced last week to 8.5 years in prison for a 20-year Ponzi scheme and ordered to pay over $17 million in recitation to over 200 victims. Richard Elkinson was sentenced to 102 months in prison to be followed by three years of supervised release and ordered to pay $17 million in restitution, along with an $1,800 ... Read More »

Former Inmate Sentenced To More 12 Years For Schemes From Behind Bars

And AGAIN, a criminal thought he could commit the same crime he had already committed and gotten jailed for. Former inmate, Danwine Dewayne Renard, was sentenced to a 144 month term in prison following his plea of guilty to participating in an identity theft scheme while incarcerated. Renard has also been ordered to pay 122,943.72 in restitution and a $49,000 ... Read More »

Audacious Attorney Abuses Authority

A Geogira attorney, Gary Wisenbaker, plead guilty to a wire fraud charge in relation to defrauding his own clients. According to evidence presented at the guilty plea hearing, Wisenbaker stole money from his clients by settling civil cases without his clients’ knowledge, and then pocketing the settlement payments. Wisenbaker then used these monies to pay off personal expenses, including payments ... Read More »

On The Twelfth Count Of Mail Fraud My Scammer Gave To Me…

In November, Steven Folan, of Florida, pleaded guilty to a thirteen count indictment charging him with one count of conspiracy to commit mail fraud and wire fraud and twelve counts of mail fraud. The indictment alleged that Folan and others were involved in a telemarketing scam, operating in Florida, that bilked over 22,000 victims of $30 million. The indictment alleged ... Read More »

Mortgage Broker Pleads Guilty To Extortion Conspiracy Of Homeowners

In late November it was announced that New Jersey mortgage broker, Robert Cusic Jr., admitted that he conspired with a New Jersey attorney, Thomas Frey, and others to extort victims out of money and property by falsely stating they were the subjects of criminal investigations. Cusic plead guilty to an Information charging him with conspiracy to commit extortion under fear ... Read More »

Previously Convicted Scammer Heads Back To Prison

I really don’t understand why criminals who have failed previous times in the past at committing a crime honestly think they have what it takes to commit it again. Last month Jon Edward Hankins was sentenced to prison on charges of wire fraud in connection with his scheme to lure investors to invest into his fraudulent hedge fund. Previously, Hankins ... Read More »

McDonald’s Manager Selling Stolen US Citizen Identities To Employees

A former manager of a McDonald’s restaurant in Savannah, Georgia was sentenced last month to 32 months in prison for her role in a scheme to sell the stolen identities of United States citizens to employees within the McDonald’s restaurant chain. The former McDonald’s manager, Eva Ramos’, guilty plea and sentencing hearings revealed that Ramos, with the assistance of others, ... Read More »

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