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Tag Archives: Electronic commerce

New Computer Virus Commits Post Transaction Attacks On Your Bank Account

When my grandma, god bless her soul, hears about a new scam, fraud or any form of financial trickery she immediately calls me up and warns me to stop whatever I’m doing and take notes. To her knowledge I don’t belong to more than one social media network, I don’t buy items online, I don’t apply for credit cards and ... Read More »

University of Georgia Ph.D. Student Sentenced For Fraud And Identity Theft

In early December, Carlton Lewis, a former Ph.D. student was sentenced to 70 months in prison for his role in an identity theft and credit card fraud conspiracy. Throughout the conspiracy, Lewis, who was enrolled as a Ph.D. student at the University of Georgia, provided credit and debit card skimming devices to waitresses working in restaurants across the southeastern United ... 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 »

Krahl Construction Executives And Employees Indicted In Alleged Fraud And Kickback Scheme

Construction company executives and employees, along with others, have been indicted in an alleged billing fraud and kickback scheme. Krahl Construction’s Principal owner and six of it’s top executives and employees along with two former employees of client companies were indicted for allegedly engaging in a fraudulent billing and kickback scheme. The defendants affiliated (seven in total) with Krahl Construction ... Read More »

Mid-2000s Multimillion Dollar Fraudster Finally Gets Sentenced

In the mid-2000s Clarence Allen Rice, owner of C & J Leasing Corporation, ran a complex, multimillion dollar wire fraud scheme to which he was just sentenced to a term of 70 months in prison for earlier this month. Trial and sentencing evidence showed that Rice suffered over $800,000 in day trading losses in the early 2000s using his company’s ... Read More »

Former Owner And President Of Allied Health Care Sentenced For $135 Million Phony Lease Scheme

Former owner and president of Allied Heath Care Services, Charles Schwartz, was sentenced last week to 195 months in prison (16.25 years) for organizing and executing a $135 million phony lease scheme that losses of more than $80 million and victimized over 50 financial institutions. In April Schwartz pleaded guilty to one count of mail fraud but has been in ... Read More »

If At First You Don’t Succeed, Commit Fraud and Fail Again : Defrauding From Behind Bars

Three defendants have been sentenced to federal prison on charges of bank fraud and aggravated identity theft; one man committing fraud from prison. According to United States Attorney Sally Quillian Yates, the charges and other information presented in court: In late January 2011, Samantha Johnson stole the wallet of a 93-year-old woman while she was shopping at a retail establishment ... Read More »

Must Have Black Friday Shopping Tips!

We are officially one week away from my favorite and most dreaded shopping day of the year. That’s right folks, Black Friday is here! The Better Business Bureau (BBB) has released an excellent Black Friday shopping tip sheet that I urge all of you to read. So here. Read it… “It’s time to start planning your Black Friday, that special ... Read More »

If You’re Catering To Criminals, You’re Probably A Criminal

I’ve never really thought or paid much mind to where a criminal would buy a car. Have you? I mean, think about it, you’d figure if someone was hiding from the police or the Internal Revenue Service (IRS) that they’d probably buy a car in cash and pay off a dealer to keep it off the records, right? Right. Well, ... Read More »

Home Repair Scheme Targeted Elderly Homeowners

Last week a jury convicted two brothers in Chicago after running and operating a home-repair scheme that targeted elderly victims on the south and west sides of Chicago. At their trial six victims testified that they were swindled out of tens of thousands of dollars by fraudulently promising to perform expensive home repairs, convincing them to refinance their homes to ... Read More »

Online Shopping Tips For The Holiday Shopping On The Horizon

I feel it’s safe to assume that since Halloween is now over we can officially label this time of the year as the Holiday Season! Which I am super excited about! I love Thanksgiving and December’s holidays – mostly for the food – but often find the obligation and burden of buying gifts a heavy strain on my wallet, as ... Read More »

Bank Of America Backs Off $5 Debit Card Fees After Anti-Fee Petition Skyrockets

Tell Bank Of America No Debit Card Fees

Just one month ago I wrote about the implementation of debit card fees coming into play for big banks such as Chase, Wells Fargo and most notably Bank of America. Due to the change in a new government regulation that caps what banks can charge merchants for debit transactions they announced plans to implement a monthly debit card fee to ... Read More »

Homeowners In Financial Distress Lose Over $1.2 Million To Mortgage “Rescue” Fraud

To the tune of a MasterCard commercial: $4.7 million in fradulent mortgage loans… $944,224 lost by lenders…. $1.2 million lost in equity to homeowners…. Shameful. Mary Ann Dean and Charles Donaldson pleaded guilty to the charge of conspiracy to commit wire fraud in connection with a mortgage fraud scheme of Sunset Mortgage Company. Dean was a loan originator and operator ... Read More »

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