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Author Archives: Research Department

Mother Wins Bankruptcy Discharge of National Collegiate Student Loan Trust Student Loans

The decision to file bankruptcy should be a celebration.

A Los Angeles bankruptcy judge ordered student loans to be discharged on July 6, 2015 because they did not qualify as education loans under 11 U.S.C. 523(a)(8). Judge Neiter, United States Bankruptcy Judge in the Los Angeles Division of the Central District of California, presided over the adversary proceeding case no. 2:14-ap-01722-RN, Schwartz v. National Collegiate Student Loan Trust and ... Read More »

    FBI Seeking Potential Victims of Gold Investment Scheme


    On June 23, 2015, Melvin Palmer was indicted in the United States District Court for the District of Arizona, on 40 counts of conspiracy, wire fraud, mail fraud, and aggravated identity theft stemming from a gold investment scheme. The investigation was conducted by FBI Phoenix and is still an ongoing matter. Potential victims of this scheme have been identified in ... Read More »

      Auto Loan Debt Relief Scammer Banned from Telemarketing, Debt Relief Services Under FTC Settlement


      Commission Also Approves Final Consent Orders in Two Deceptive Auto Dealership Cases Regency Financial Services, Inc., and its CEO Ivan Levy have agreed to a permanent ban on telemarketing and the advertising, marketing, or sale of any debt relief products or services to settle FTC charges that they falsely promised consumers auto loan modifications and refunds if they failed to ... Read More »

        Charleston Man Gets More Than Three Years in Federal Prison for Timeshare Fraud

        mans hands behind bars in jail or prison

        CHARLESTON, WV—United States Attorney Booth Goodwin announced today that David Brandon Ball, 35, of Charleston, was sentenced to 37 months in federal prison for defrauding timeshare owners throughout the United States and Canada. Ball and an associate, David Andrew Glynn, formed Mountain State Resales, LLC (MSR), a bogus company used to defraud timeshare owners of money. Ball and his associates ... Read More »

          Two Northern California Real Estate Investors Plead Guilty to Bid Rigging and Fraud at Public Foreclosure Auctions

          Photo Credit: respres

          WASHINGTON—Two Northern California real estate investors pleaded guilty for their role in bid-rigging conspiracies and mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced today. Real estate investors John Shiells, of Danville, California, and Miguel De Sanz, of San Francisco, each pleaded guilty to three counts of bid rigging and three counts of ... Read More »

            National Debt Relief Tackles Dos And Don’ts of 401(k)

            3D Press Release Crossword

            Los Angeles-Long Beach, CA (PRWEB) July 06, 2015 National Debt Relief recently shared in an article published June 25, 2015, some of the important things consumers need to know about their 401(k) account. The article, titled “The Biggest Dos and Don’ts of A 401(k),” lists down some of the things people need to remember about their retirement fund. The article ... Read More »

              Debt Consolidation USA Talks About Retirement Planning

              3D Press Release Crossword

              Dallas, TX (PRWEB) July 05, 2015 Debt Consolidation USA shared in an article published recently some ways soon-to-be-retirees can manage and prepare their retirement fund when it is still not up to their target amount. The article titled “Tips In Handling Shortage In Retirement Funds” explains some remedy when older consumers find the need to increase their retirement money a ... Read More »

                Higher Credit Card Debt and Fewer Assets Are Among Challenges Faced By Military

                3D Press Release Crossword

                Washington, DC (PRWEB) July 02, 2015 Active members of the military, veterans, and their families are routinely facing complex challenges in their daily lives. Thankfully, there is a growing awareness of the benefit that support networks can play in helping our heroes tackle serious medical, logistical and transitional issues. Among the matters that weigh heavy on service members and their ... Read More »

                  NFCC© Helps Consumers Fight Rising Home Energy Costs

                  3D Press Release Crossword

                  The National Foundation for Credit Counseling© (NFCC©) offers tips to help ease the financial pinch of seasonal energy consumption. Washington, DC (PRWEB) June 26, 2015 Sizzling heat and freezing temperatures can take a sizable chunk out of household budgets throughout the year, making seasonal extremes seem even more miserable. The Energy Information Administration (EIA), in a report released June 9, ... Read More »

                    Miami Dade College Student Sentenced to Two Years in Prison for Stolen Identity Tax Refund Fraud Scheme Involving Student Financial Services Accounts

                    Ready to Collapse

                    A Miami Dade College student was sentenced to 24 months in prison, followed by two years of supervised release, and was ordered to pay restitution in the amount of $ 7,712, for his participation in a stolen identity tax refund fraud scheme involving his student financial services account. Wifredo A. Ferrer, United States Attorney for the Southern District of Florida, ... Read More »

                      Ric Edelman’s TV Show to Air Throughout Southeast Asia

                      3D Press Release Crossword

                      FAIRFAX, VA (PRWEB) June 04, 2015 The Truth About Money, the award-winning Public Television show hosted by acclaimed financial advisor Ric Edelman, will soon be airing in Southeast Asia, Edelman Financial Services announced. Broadcast rights for 78 episodes of The Truth About Money with Ric Edelman were purchased by Bright Lights Media of Singapore for its Simply Money cable network, ... Read More »

                        Two Debt Settlement Individuals Plead Guilty to Conspiring to Defraud Consumers through Fraudulent Debt Relief Services Firms

                        mans hands behind bars in jail or prison

                        Two individuals pleaded guilty today for their roles at fraudulent debt relief services companies that offered to settle credit card debts but instead took victims’ payments as undisclosed up-front fees, the Justice Department and U.S. Postal Inspection Service (USPIS) announced. Athena Maldonado, 30, and Christopher Harati, 31, both of Orange County, California, pleaded guilty to a one-count information alleging conspiracy ... Read More »

                          National Debt Relief Explains How To Get A Loan Without The Bank

                          Crime Or Corruption Cartoon Illustration

                          Miami, FL (PRWEB) June 02, 2015 National Debt Relief shares in a recent article published May 28, 2015 how consumers can take out a loan without the need to go through a bank. The article titled “The New Way To Get A Loan That Banks Don’t Want You To Know” shares how consumers who are in need of funds to ... Read More »

                            Ashworth College Settles FTC Charges it Misled Students About Career Training, Credit Transfers


                            Ashworth College has agreed to settle Federal Trade Commission charges it misrepresented to students that they would get the training and credentials needed to switch careers or get a new job, and that the course credits they earned would transfer to other schools. In reality, many programs offered by the for-profit institution did not meet state requirements for desired careers, ... Read More »

                              Consumer advisory: Your benefits are protected from garnishment


                              May 13 2015 By Nora Dowd Eisenhower and Holly Petraeus Older Americans, like many of their younger counterparts, increasingly have debts in collection. Over one-third of the complaints that older consumers submit to us are related to debt collection. In some of these complaints, consumers told us that debt collectors threatened to garnish their benefits from Supplemental Security Income (SSI), ... Read More »

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