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Author Archives: Research Department

Operators of Bogus Credit Repair Scheme Settle FTC Charges


Scammers Will Be Banned From Credit Repair Services Industry, Subject to a $2.4 Million Judgment The operators of a bogus credit repair scheme that allegedly tricked Spanish-speaking consumers into paying thousands of dollars each to supposedly improve their credit will be banned from offering credit repair services and subject to a monetary judgment under settlements with the Federal Trade Commission. ... Read More »

    Florida Homeowner Saved From Foreclosure and Gains Home Equity


    We base each strategy on our client’s goal. Miami, Florida (PRWEB) July 31, 2015 Graham Legal, P.A., celebrates a recent win defending a Miami foreclosure case that has been ongoing for over six years. This is a homeowner that faced financial difficulties during the height of the recession and was able to buy enough time, with the assistance of a ... Read More »

      FTC Returns Money to Consumers in Credit Card Interest Rate Scam

      Ready to Collapse

      The Federal Trade Commission is mailing 10,387 checks totaling more than $969,000 to consumers who lost money to a credit card interest rate reduction scam. The FTC sued Innovative Wealth Builders (IWB), a telemarketing operation that falsely promised consumers it could reduce their credit card interest rates and save them thousands of dollars on their debts. The FTC alleged that ... Read More »

        Poll Results Show Credit Cards Stay Home This Summer


        National Foundation for Credit Counseling (NFCC) While using cash or a debit card is a great way to avoid going into debt, there are some additional considerations that should be made before making them the only options for travel. Washington, DC (PRWEB) July 30, 2015 The June online poll conducted by the National Foundation for Credit Counseling® (NFCC®) reveals how ... Read More »

          MSI Credit Solutions Holds 2015 School Supply Drive

          3D Press Release Crossword

          Frisco, TX (PRWEB) July 27, 2015 MSI Credit Solutions is holding its annual school supply drive. The drive takes donations from MSI employees to purchase backpacks and other various school supplies. The purchased goods then go to help local families in need, and the remainder of the donations (if any) are sent to local Dallas-area charities and families. If previous ... Read More »

            CESI Homeownership Center Partners With eHome America

            3D Press Release Crossword

            Raleigh, NC (PRWEB) July 27, 2015 Consumer Education Services, Inc. Homeownership Center has partnered with eHome America, the nation’s premier online home ownership education program, offering access to quality, accessible information and education for first-time home buyers. “We are excited to be able to offer this dynamic educational tool to our residents in the Raleigh metropolitan area,” stated Sheryl Merritt, ... Read More »

              Allstate Debt Consolidation Shares How Consumers Can Find the Right Program for Their Situation

              3D Press Release Crossword

              Hackensack, NJ (PRWEB) July 24, 2015 Anyone who is in debt has heard of debt consolidation programs. These programs offer to assist the debtor in becoming debt free by helping them to create and maintain a budget while paying off their debt. Basically, these programs work by allowing the debtor to consolidate all of their debt into one, easy to ... Read More »

                Judges Revive Claim that AT&T Overcharged Schools for Internet Service


                (Hannah Birch/ProPublica) For seven years, a Wisconsin telecom consultant has waged an unsuccessful legal fight against AT&T, alleging that the company long defrauded a federal program by overcharging the nation’s schools and libraries for Internet and telephone services. Now an appeals court in the District of Columbia has given new life to his case. The little-noticed June 23 ruling concluded ... Read More »

                  Leader of Coupon Counterfeiting Ring on Silk Road Websites Pleads Guilty


                  WASHINGTON—A leader of a coupon counterfeiting ring pleaded guilty today to participating in a conspiracy to sell counterfeit coupons using the “Silk Road” online marketplace, announced Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division and U.S. Attorney Kenneth A. Polite of the Eastern District of Louisiana. Beau Wattigney, 30, New Orleans, pleaded guilty before U.S. District ... Read More »

                    Former U.S. Marine Charged with Stealing Identities of Fellow Service Personnel in Scheme to Defraud Navy Federal Credit Union of More Than $138,000

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                    CHICAGO—A former United States Marine from Calumet City stole the identities of several fellow Marines and used their information to illegally procure more than $138,000 from Navy Federal Credit Union, according to an indictment returned this week in federal court in Chicago. While serving in Combat Logistics Regiment 3 at Camp Foster in Okinawa, Japan, LEONARD E. PARKER JR. obtained ... Read More »

                      Freedom Financial Network Posts Results for Second Quarter of 2015

                      3D Press Release Crossword

                      San Mateo, Calif. (PRWEB) July 22, 2015 Freedom Financial Network (FFN), the largest negotiator of consumer debt in the nation, reports results for the first quarter of 2015 that include negotiation of $279.8 million of debt for clients. The results represent an increase of 10.2 percent over the first quarter. During the second quarter, FFN negotiated settlements on 51,639 individual ... Read More »

                        Debt settlement company Morgan Drexen is no longer in business: What you should know

                        Morgan Drexen Integrated Systems (20120116)

                        Jul 20 2015 By CFPB Web Team Morgan Drexen has gone out of business. If you are a Morgan Drexen customer, you must take action on your debts. You can also request a refund of any money that is currently in your settlement account. In 2013, we sued debt settlement company Morgan Drexen for collecting illegal “upfront fees” for debt ... Read More »

                          Six Men Indicted on Charges of Identity Theft, Fraud, and Money Laundering

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                          ALEXANDRIA, VA—In an 18-count indictment unsealed today, six men were charged by a federal grand jury with aggravated identity theft, fraud, money laundering, and conspiracy. The men charged in the indictment are: Ray Ekobena, 27, of Alexandria; Stefan Ekobena, 24, and Gani Cole, 27, both of Atlanta, Georgia; Rodney Hardy, 25, of Hyattsville, Maryland; Deallto Davis, 20, and Jerome Robinson, ... Read More »

                            Two New York Salesmen Sentenced to Prison in Business Opportunity Fraud Scheme

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                            Scheme Defrauded More than 330 Victims Across the Country A federal judge in the Eastern District of New York sentenced two sales representatives to prison today for their roles in a vending machine business opportunity fraud scheme, the Department of Justice announced today.  Howard S. Strauss, 66, of Jericho, New York, was sentenced to serve 28 months in prison by ... Read More »

                              California Payment Processing Company Owner Pleads Guilty to Fraud

                              payday loan

                              The owner and operator of a payment processing company that was involved in the unauthorized withdrawal of millions of dollars from consumers’ bank accounts pleaded guilty to fraud, the Justice Department announced today. Neil Godfrey, 76, of Santa Ana, California, pleaded guilty to a one-count information charging him with wire fraud in the Eastern District of Pennsylvania.  The information described ... Read More »

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