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Business That Charged Cards Without Authorization Settles With FTC

Defendant Banned from Internet Businesses that Access Consumers’ Bank Accounts Defendants in an operation that the Federal Trade Commission alleged stole millions of dollars from consumers by making unauthorized charges and debits to their bank accounts have reached settlement agreements with the FTC. In Operation Short Change – a July 2009 crackdown on scammers taking … Read more

Credit Card Thief Talks About How Easy it is to Steal Your Information

CreditCards.com published a piece recently that talks with a former credit card thief, Dan DeFelippi, and he revels how easy it is to get into the fake credit card business. DeFelippi, 29, mostly made fake credit cards with real credit card information he bought online. “I would make fake IDs to go with them, and … Read more

GAO Takes Closer Look at Home Loan Modification Scams

The Government Accountability Office (GAO) comprised a report, Homeownership Preservation: Federal Efforts to Combat Foreclosure Rescue Schemes Are Under Way, but Improved Planning Elements Could Enhance Progress, based on “information available to federal and state agencies and nonprofit organizations, such as consumer complaints and the number of enforcement actions.” The report revealed two predominant schemes … Read more

Students Fight Back Against For-Profit Colleges: Westwood College Sued For Fraud

We’ve covered this topic time and time again (see Know Your For-Profit College ABC’s: Assertive, Bold and Cheeky. How I Almost Became a For-Profit College Statistic and Government Finds Fraud and Deception in Marketing for For-Profit Colleges); for-profit colleges and their deceptive practices to get students to enroll and take out loans they cannot afford. … Read more

Abusive Debt Collector Accused of Bankruptcy Fraud : When The Collector Becomes the Collected

Over the years Jack H. Boyajian, a seasoned debt collector, has faced accusations from authorities across the U.S. for “illegal methods to squeeze debtors”. This year a new accusation arose against Boyajian after he filed for bankruptcy in August of 2009, that he has defrauded creditors by concealing assets from the court. The Federal Government … Read more

Cease and Desist Order Against Vehicle Service Contract Marketers. SafeData Management Services, Consumer Direct Warranty Services, Warranty Administration Services, Warranty Administrative Solutions.

California Insurance Commissioner Steve Poizner today filed a cease and desist order against two California men and several corporations for allegedly operating unlicensed insurance companies and using deceptive and illegal telemarketing. Robert Lewis Chapman, James C. Sletner and several corporations they own and manage, including SafeData Management Services, Inc., d.b.a. Consumer Direct Warranty Services, Warranty … Read more

More Arrests in Mortgage Refinance Scam in Calabasas, California

This is an update on a previous article, Three Mortgage Brokers Arrested in Handcuffs from Mortgage Refinance Scam. In a continuing probe into a defunct Southern California mortgage brokerage, Attorney General Edmund G. Brown Jr. today announced the arrests of president and co-owner Sean McConville and two associates who used “deceptive promises and forged documents” … Read more

Elderly Investors Scammed by “Man of God” Fraud

  Photo Credit: Tiziano Caviglia Nigerian Citizen and Texas Resident, Samuel LeMaire, was recently sued by the SEC for alleged religious affinity fraud against elderly investors. The lawsuit filed June 7, 2010 by the SEC claims LeMaire presented himself as a “man of God” who intended to start a charitable foundation to help needy Nigerian … Read more

Parents: Helping Your Child With Credit Problems

George’s parents were applying to refinance their home when they found that George had opened several credit card accounts using their names. He even forged their signatures. When they confronted him, he simply shrugged and told them he couldn’t qualify on his own – how was he supposed to get credit? Sarah’s parents cosigned a … Read more

Breaking Down the Misleading and Deceptive Financial Sales Pitch From the Get Real With Dave Burke Radio Show

I admit, using the words misleading and deceptive is pretty strong language to use to describe a radio show. In this case it is the “Get Real With Dave” Dave Burke radio show. Burke has been on the air buying time for at least a couple of years. Until May, 2010 he was pitching his … Read more

SmartBuy, Frisco Marketing, Integrity Financial, MilitaryZone and Rome Finance Company All Accused of Scamming Soldiers

New York Attorney General Andrew M. Cuomo today filed a lawsuit against three nationwide lenders and their affiliated companies for preying on members of the military by selling them grossly overpriced electronics and then trapping them in illegal and open-ended credit plans. Attorney General Cuomo has also notified Defense Secretary Robert Gates and Secretary of … Read more

Avoid Automated Calls Promising to Reduce Interest Rates

FTC Warns Against Credit Card Interest Rate Reduction Scams U.S. consumers are being inundated with prerecorded “robocalls” from companies claiming they can negotiate lower credit card interest rates – for a fee. The Federal Trade Commission urges extreme skepticism about these offers, because many of them are fraudulent. In a new consumer alert, Credit Card … Read more

Identity Thieves Flee Walgreens Without Credit Card But Grab Condoms and Greeting Card on the Way Out

Out of Wyckoff, new Jersey comes the standard story of credit card impostors using fake cards to buy merchandise. What made me chuckle about this story was what the crooks took as they fled the drug store after a declined purchase using one of the fake cards. According to police, the same men returned yesterday, … Read more