From How to Get Out of Debt

As tax season rolls around it’s no surprise to see tax refund check cashing schemes arising in the news. Announced Monday was the filing of a criminal Information charging defendants Wilson Lau, and his wife, Kate Yuee Lau, for their participation in a check cashing scheme involving more than $5 million in fraudulently obtained tax [...]

Read the full article at GetOutOfDebt.org, click here: Tax Refund Check Cashing Scheme Hits Southern Florida

From How to Get Out of Debt

The former President of Encap Golf Holdings LLC (“Encap”), William Gauger III, was indicted this week for his participation in a scheme to extort approximately $100,000 from a financial consultant and a fraudulent invoicing scheme relating to his work for a New Jersey-based management firm. Gauger allegedly hired his brother-inlaw Craig Groce, who was originally [...]

Read the full article at GetOutOfDebt.org, click here: Raleigh Native Indicted In Connection With Fraud And Extortion

From How to Get Out of Debt

Bradley Stark, the fraudster defendant who represented himself at trail was convicted by a federal jury for deceiving investors about an investment scheme that involved more than 200 victims and more than $14 million. Following Stark’s five-day trial he has been convicted on all counts of an indictment charging him with seven counts of wire [...]

Read the full article at GetOutOfDebt.org, click here: Investment Fraudster Defrauds Over 200 Out Of $14 Million

From How to Get Out of Debt

It was announced today that the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) have signed an agreement to coordinate efforts to protect consumers in an effort to avoid duplication of federal law enforcement and regulatory efforts. The memorandum of the two agencies’ understand can be viewed here. The Dodd-Frank Wall Street [...]

Read the full article at GetOutOfDebt.org, click here: FTC And CFPB Pledge To Work Together To Protect Consumers

From How to Get Out of Debt

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 [...]

Read the full article at GetOutOfDebt.org, click here: New Computer Virus Commits Post Transaction Attacks On Your Bank Account

From How to Get Out of Debt

Douglas Vaughan faces 10 to 12 years in prison after pleading guilty to wire and mail fraud charges that involved his operation of a “Ponzi” scheme where he defrauded around 600 investors of more than $74 million. Vaughan promised extraordinary returns which he obviously did not follow through with. In February of 2011, in an [...]

Read the full article at GetOutOfDebt.org, click here: Six Hundred Out Of $74 Million In Ponzi Scheme

From How to Get Out of Debt

Last month the United States Attorney’s Office announced that James France was indicted for wire wire fraud in connection with an advance fee scheme. Apparently, France held himself out as being in the business of commercial lending, and operated his business under various names such as AmBanc, Commercial Capital Banc and U.S. Underwriting. The indictment [...]

Read the full article at GetOutOfDebt.org, click here: AmBanc, Commercial Capital Banc and U.S. Underwriting Fraud Scheme

From How to Get Out of Debt

Earlier this month it was announced that Lisa Wright, Cathy Saffer and Carrington Coombs were all charged with fraud in a Florida foreclosure rescure scheme. Wright and Saffer were charged with conspiracy to defraud homeowners and banks in a foreclosure rescue scheme. Coombs, a certified public accountant, was also charged as a participant in the [...]

Read the full article at GetOutOfDebt.org, click here: Florida’s Foreclosure Solution Specialists Operators Charged With Fraud

From How to Get Out of Debt

On the first of this month it was announced that two more Rothstein Associates were charged in connection with the billion dollar fraud scheme. Announced was the filing of charges against William Boockvor and Marybeth Feiss for conspiring to commit crimes through the operation of the former Fort Lauderdale law firm of Scott W. Rothstein, [...]

Read the full article at GetOutOfDebt.org, click here: Two More Charged In Rothstein Billion Dollar Fraud Scheme

From How to Get Out of Debt

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 [...]

Read the full article at GetOutOfDebt.org, click here: Multi-Million Dollar Stock Fraud Of Signalife

From How to Get Out of Debt

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 [...]

Read the full article at GetOutOfDebt.org, click here: Former Inmate Sentenced To More 12 Years For Schemes From Behind Bars

From How to Get Out of Debt

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 [...]

Read the full article at GetOutOfDebt.org, click here: Audacious Attorney Abuses Authority

From How to Get Out of Debt

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 [...]

Read the full article at GetOutOfDebt.org, click here: On The Twelfth Count Of Mail Fraud My Scammer Gave To Me…

From How to Get Out of Debt

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 [...]

Read the full article at GetOutOfDebt.org, click here: Krahl Construction Executives And Employees Indicted In Alleged Fraud And Kickback Scheme

From How to Get Out of Debt

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 [...]

Read the full article at GetOutOfDebt.org, click here: Mid-2000s Multimillion Dollar Fraudster Finally Gets Sentenced

From How to Get Out of Debt

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 [...]

Read the full article at GetOutOfDebt.org, click here: Former Owner And President Of Allied Health Care Sentenced For $135 Million Phony Lease Scheme

From How to Get Out of Debt

CEO and founder of alleged real estate investment firm Home Start America (HSA), Michael Kaufman, was sentenced to 50 months in prison last week for his role in a long-running, large scale wire fraud conspiracy with loan officer David Wynn. According to documents filed and statements made in court: Kaufman founded HSA in Bloomfield, New [...]

Read the full article at GetOutOfDebt.org, click here: Home Start America CEO And Founder Sentenced To 50 Months In Prison For Role In $1.5 Million Fraud Conspiracy

From How to Get Out of Debt

It was announced this week that Tyrone Gilliams, Jr., was indicted on charges of securities and wire fraud for operating a fraudulent United States Treasury Strips investment program. Treasury Strips are securities derived from United States Treasury Bonds. Gilliams is the owner of TL Gilliams, LLC. In the summer of 2010, Gilliams personally solicited $4 [...]

Read the full article at GetOutOfDebt.org, click here: Fraudulent Treasury Strips Investment Program Results In $4 Million Investor Lost

From How to Get Out of Debt

Today, the Federal Trade Commission will host the third in a series of roundtables around the country to gather information on consumers’ experiences in the leasing of motor vehicles at dealerships. The roundtable also will address what has been learned about auto sales, financing and leasing at all of the roundtables; what consumer and business [...]

Read the full article at GetOutOfDebt.org, click here: You Are Cordially Invited To The FTC’s Road Ahead Roundtable

From How to Get Out of Debt

(Try saying that title ten times fast) In March of this year the Federal Trade Commission (FTC) stepped up it’s efforts against scams that targeted financially strapped consumers with more than 90 actions brought by the commission and its law enforcement partners in a investigation called “Operation Empty Promises.” Within this investigation the FTC looked [...]

Read the full article at GetOutOfDebt.org, click here: Scam Recovery Kits Business Continues To Scam Buy Selling Scam Recovery Kits

From How to Get Out of Debt

The operator of SkidEKids.com has settled charges from the Federal Trade Commission (FTC) after collecting children’s information without parental consent. The website, SkidEKids.com, has been marketed and advertised as a website similar to Facebook or Myspace but for children, providing for them a safe and educational place on the internet. According to the FTC, Skid-e-kids [...]

Read the full article at GetOutOfDebt.org, click here: FTC Settles Charges Against Children’s Social Media Network After Collecting Personal Information Without Parental Consent

From How to Get Out of Debt

KEL law firm, formally Kaufman, Englett & Lynd, has been forced to resign from the Better Business Bureau (BBB) of Central Florida. The resignation of this Orlando based law firm marks “the first area law firm to be ousted in the business-rating agency’s 27-year history.” Apparently the BBB has complained that over the past year [...]

Read the full article at GetOutOfDebt.org, click here: First Ever Central Florida Law Firm To Be Forced To Resign From BBB

From How to Get Out of Debt

It was announced yesterday that the filing of a criminal information against corporations, R.S. Duffy and National A-1 Advertising, was issued charging them with money laundering and criminal forfeiture allegations including a plea agreement calling for the forfeiture of $4.9 million and a $1.5 million fine. According to the Information filed it’s alleged that the [...]

Read the full article at GetOutOfDebt.org, click here: Escorts.com To Pay $6.4 Million With Money Laundering Charges

From How to Get Out of Debt

After running an investment fraud scheme and causing at least $200 million in losses, Eliyahu Weinstein was indicted last week with 45 charges. Weinstein has been charged one one count of conspiracy to commit wire fraud, 29 counts of wire fraud, two counts of wire fraud while on pretrial release, one count of bank fraud [...]

Read the full article at GetOutOfDebt.org, click here: New Jersey Fraudster Faces A Possible 1,100 Year Sentence

From How to Get Out of Debt

Charges have been announced against nine more participants in a scheme that defrauded programs that were established to aid survivors Holocaust survivors of of Nazi persecution out of over $57 million. Thus far, 30 have been charged in connection with this scheme and the nine newly announced fraudsters include: Henry Gordin, Genrikh Kolontryrskiy, Viktor Levin, [...]

Read the full article at GetOutOfDebt.org, click here: Nine More Charged In Fraud Of Holocaust Survivor Programs

From How to Get Out of Debt

After a conviction last November following a seven-week trial David Moro was sentenced on October 5, 2011 to 10 and a half years (126 months) in prison for orchestrating and carrying out a $4.2 million broadcasting equipment lease and financing scheme which yielded a loss of more than $3 million to lenders. Moro was convicted [...]

Read the full article at GetOutOfDebt.org, click here: $4.2 Million For Free Internet Download Software?

From How to Get Out of Debt

On Thursday, October 7, 2011 Rober Schroy, of California, pleaded guilty to wire fraud and tax evasion for his role in a $1 million investment fraud scheme. Schroy pleaded guilty to one count of wire fraud and one count of tax evasion. According to filed documents in this case: Schroy said from 2004 through 2009 [...]

Read the full article at GetOutOfDebt.org, click here: $1 Million Investment Fraud Scheme Could Mean 25 Years In Jail

From How to Get Out of Debt

A family of fraudsters have been sentenced after finding guilt in the connection with a massive “affinity” fraud scheme where around 2,000 victims were swindled out of about $10.7 million. Father, Roy Fluker, Jr., was sentenced to 15 years in prison while his son, Roy Flucker, III and his daughter Ronnanita Flucker each got 8 [...]

Read the full article at GetOutOfDebt.org, click here: The Flucker Family Fraud Affair

From How to Get Out of Debt

This just in! ANOTHER person thought it would be a GREAT and SUPER SMART idea to defraud a bank … and it WASN’T! When will people learn? Multiple Virginia banks were defrauded almost $3.4 million by Osvaldo Mercado for submitting fraudulent loans. Mercado was indicted on conspiracy, six counts of bank fraud, two counts of [...]

Read the full article at GetOutOfDebt.org, click here: Union Hispana Defrauds Multiple Virginia Banks

From How to Get Out of Debt

“Dear Lewis, Made many not so smart mistakes which put me into serious credit card debt over the past 8 years or so. Followed by some dental work (multiple root canals) that had to be paid with credit card. Last year, had an emergency appendectomy that ended up in an medical insurance mess up. Ended [...]

Read the full article at GetOutOfDebt.org, click here: Root Canals and Appendectomy Were Expensive and Landed Me in Bankruptcy. – Ray

From How to Get Out of Debt

The official receiver for the California action against companies marketing mass joinder suits has posted an update. Receiver Seeking Court Approval to Dispose of Furniture and Equipment and Return Leased Offices to Landlords The Receiver has applied to the Court for formal approval to commence the process of shutting down the various office sites of [...]

Read the full article at GetOutOfDebt.org, click here: Mass Joinder Update – Office Furniture to be Sold

From How to Get Out of Debt

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, [...]

Read the full article at GetOutOfDebt.org, click here: Dead Cross Dressing Man’s Finger Prints Found on His Own Death Certificate.

From How to Get Out of Debt

“I contracted a debt settlement company now that it changed. I signed with them back in May of 2010, this was before the new law changed for settlement companies not to be able to charge up front for settlements. The contract is crazy, and I was stupid to sign it. I was totally delusional from [...]

Read the full article at GetOutOfDebt.org, click here: Trapped in a Debt Settlement Contract. What to Do? – Dean

From How to Get Out of Debt

“Dear Andy, Tried twice to to get a modification with BOA with no success,have ask a law firm to help, but cant find any info on the firm Should I retain this law firm from calif. THEY WHAT THREE PAYMENTS ONE TO START, THEN ONE IN THE MIDDLE AND THE REST AT THE END. 1500-1000-500. [...]

Read the full article at GetOutOfDebt.org, click here: Should I Hire All State Law Group to Modify My Bank of America Mortgage? – Charles