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Credit Repair Boss Steals Nearly a Million Dollars from Best Buy

In 2006, Joseph A. Graziola, III was charged by the Federal Trade Commission for his fraudulent credit repair activities under his company Bad Credit B Gone. This case ended with a $322,047 judgment against Graziola.

Bad Debt B Gone was nailed for making the same old stupid and fraudulent promises of removing accurate but negative items from credit reports. This pitch even included assurances that attorneys would be involved in removing bad credit.

“And the attorneys, they do remove charge-offs, collections, tax liens, bankruptcies, repossessions, student loans, child support, late payments, judgments – all of that.” – Source

Now that stuff is all old news but just to show you how a scammer can always be a scammer, Graziola just pled guilty to stealing $900,000 from Best Buy by submitting false invoices for payment. The invoices were for equipment never sent to Best Buy and this activity occurred at the same time Graziola was running his illegal credit repair operation.

What is different about his guilty verdict this time is that Graziola is facing up to 20 years in prison for his crimes.


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Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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