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Tag Archives: foreclosure rescue scam

Foreclosure Rescue Scheme Company Owners Sentenced to Years in Jail

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Barrington Coombs, 58, of Weston, Fla., was sentenced to serve a year and a day in prison for his role in a foreclosure rescue scheme that victimized desperate homeowners on the brink of losing their homes, the Justice Department announced. Coombs was sentenced by U.S. District Judge Kenneth A. Marra in the Southern District of Florida. Coombs was convicted of ... Read More »

    Ward Indicted for Fraud and and Identify Theft in Nationwide Foreclosure Rescue Scam

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    Federal authorities have charged a former Los Angeles man with aggravated identity theft and having operated a foreclosure-rescue scam in Southern California and elsewhere that promised to postpone foreclosure sales for more than 800 distressed homeowners. Glen Alan Ward, 47, of Canada, was indicted today in the Central District of California on two counts of bankruptcy fraud, one count of ... Read More »

      FTC Consumer Protection Chief Wants to Send Foreclosure Rescue Scammers to Jail

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      For those that feel the FTC is not working on larger more global issues, rest assured the FTC wants to catch the bad guys and deal with them. David Vladeck of the FTC seems motivated to shut down the foreclosure rescue scamers. Get Out of Debt Guy – Twitter, G+, Facebook Read More »

        News Coverage of Foreclosure and Loan Modification Scams

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        A television news story out of New York warned consumers about mortgage consultant, loan modification, and foreclosure scams. I enjoyed the names the reporter, Melissa Holmes, gave the different variations of the scam. Phantom Help The Bailout The Bait & Switch Melissa did a good job of warning consumers about some of the foreclosure scams around today to avoid. You ... Read More »

          Foreclosure Rescue Scam Company “Home Savers Consulting Corp” Owner Pleads Guilty

          A Brooklyn man admitted in federal court Tuesday that he and a partner made about $1 million by scamming Bergenfield, Paterson and Elizabeth homeowners in a foreclosure scheme. Garth Celestine, 44, pleaded guilty to conspiracy to commit wire fraud for his role as the co-owner of Home Savers Consulting Corp., a now-defunct company based in Brooklyn and Long Island, the ... Read More »

            FTC to Ban Upfront Fees for Foreclosure Rescue or Mortgage Modification

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            The Federal Trade Commission moved to protect distressed homeowners from the promoters of bogus foreclosure rescue and mortgage modification services by proposing a new rule that would forbid companies to charge up-front for these services. Instead, companies could only collect payment after providing services. “Homeowners facing foreclosure or struggling to make mortgage payments shouldn’t have to contend with fraudulent ‘companies’ ... Read More »

              Maryland AG Stops Foreclosure Rescue Scam to Strip Equity

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              Attorney General Douglas F. Gansler announced that his Consumer Protection Division has won a judgment in the Circuit Court for Baltimore City of nearly $1 million against Rodney Spellen, Mid Atlantic Consulting, Inc., Jemel Lyles, Absoloot Ventures Inc., Brian Boyd, 1st Choice Property Management Firm, Inc., Sahar Ali, Alan Muniu, Phillip George, Certified Title & Escrow, Inc., and Reggie Simmons ... Read More »

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