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No Excuses For Sloppy Mortgage Foreclosure Practices

President Obama’s Financial Fraud Enforcement Task Force strikes again! The task force was assembled to wage an aggressive, coordinated, and proactive efforts to investigate and prosecute financial crimes. Personally, I think there are too many “force”s in the interagency’s title. Perhaps it works in their favor, because this week the force is strong! On October 6, 2011 the United States ... Read More »

    Mortgage Problems? Facing Foreclosure? Prepare to be Scammed.

    Ready to Collapse

    The millions of desperate homeowners who have found themselves upside down and at risk of losing their homes have created a fertile environment for scamsters. The scams on homeowners are varied and include audits and NPV tests, modification services, foreclosure rescue services, sell and lease-back schemes, and my personal favorite, mass joinder suits. Let’s start with NPV tests and mortgage ... Read More »

      Deceitful Debt Relief And Mortgage Operation Shut Down

      A United State district court has shut down two related operations who apparently failed to provide promised debt relief services and jeopardized clients’ privacy by at the Federal Trade Commission (FTC)’s request. Apparently one firm charged consumers a $1,495 up front fee for a mortgage relief assistance program that was never given as well as tossing personal information into unsecured ... Read More »

        United Law Group – Consumer Complaint 10-6-2011

        Ready to Collapse

        Date This Problem Happened: May 5, 2009 State You Live in: California Age Range: 51-65 Total Amount of Fee Paid: $5,300 Company Name: United Law Group Company Address: 2525 Campus Drive Irvine, CA 92612 Website of Company: unitedlawgroup.com Consumer Statement: We were told we would be getting a loan modification on the first and second loan we had with B ... Read More »

          Wanna Know a Secret About the Debt Relief Industry?

          Ready to Collapse

          As modern and clever as we might feel here on the bleeding edge of history there is one cold hard fact I can’t ignore, these are still the dark ages of the debt relief industry. Let’s just take a broad look at the current state of affairs: Nonprofit Credit Counselors: The credit counseling world is as tied to creditors and ... Read More »

            Your Roster Number is Your Credit Score

            Whenever I was in basic training, each recruit, each private was assigned their own roster number. That roster number was our identifier. We had to put it on all our gear. I had to have it strapped across a tape on my Kevlar, which is our helmet. It dictated as far as when we would eat chow and what order ... Read More »

              Modification Department – Authorization Status Mailer – Beware

              Modification Department Homeowners Assistance Program

              Reports are trickling in about a new letter being mailed to homeowners promising mortgage modification relief. Beware. This letter has all the hallmarks of having a high scam potential. I’ve labeled the area that concern me in the image below. A – Hard to see but it is an official looking eagle. Probably intended to look like government document. B ... Read More »

                Amanda Miller’s Rant On Scammers

                I don’t understand why people scam people. I don’t understand why people defraud companies. It just doesn’t make much sense to me. Can’t we all just be honest? And hug it out? With a heavy sigh I bring to you today the report of Dinesh Sethi who pled guilty in federal court on September 22, 2011 to one count of ... Read More »

                  Brits Urged to Deal With Their Debts. Pay Off Credit Cards to Help Economy.

                  Ready to Collapse

                  In a somewhat follow-up bit of news to my article yesterday, Should We Eliminate Consumer Debt For Everyone and Start the Economy Over the British Prime Minister David Cameron was scheduled to tell UK citizens “The only way out of a debt crisis is to deal with your debts. That means households – all of us – paying off the ... Read More »

                    Where’s The Best Place To Get Information To Scam Financial Aid? Jail Of Course!

                    Student Loan Fraud Is Stupid A former inmate at Leath, Correctional Institution in South Carolina, Michelle Owens, was sentenced on September 28, 2011 for violations of federal student financial aid and mail fraud. Let me start this article off with a small tidbit of information for all of you scamming or thinking about scamming federal student financial aid – don’t. ... Read More »

                      Are Unemployed Computer Programmers Hacking Your Bank Account?

                      The term “white collar criminals” always sounded so fancy to me. You know? There’s something that just sounds glamourous about it. But fact of the matter is, there’s nothing glamorous about it – it’s just the same low life scam… in a pretty shirt. Apparently Australia is seeing a surge in white collar crimes due to the world wide financial ... Read More »

                        Should We Eliminate Consumer Debt For Everyone and Start the Economy Over

                        Randy steps forward with a solution to fix the desperate financial state everyone finds themselves in. The town gets behind him and everyone starts to live a life that no longer depends on any economy at all. Meanwhile an unlikely savior makes the ultimate sacrifice to solve everyones problems.

                        As crazy as this idea sounds, one thought floating around right now is that of forgiving large tracts of consumer and mortgage debt to swiftly deal with the debt problem in the country today so we can get consumption back on track. As long as consumers are buried in debt, and they are, with little growth there is no “little ... Read More »

                          The “King of Infomercials” Found Dead Days Before Fraud Trial

                          The “King of Infomercials”, Don Lapre, was found dead in his Arizona jail cell early Sunday October 2, 2011. Lapre was known for being an early morning television infomercialist (is that a word? It is now) selling a product called “The Greatest Vitamin in the World.” The vitamins were a big scam and Lapre was facing 41 counts of conspiracy, ... Read More »

                            Fake Debt Collectors Rip Off Thousands

                            Recently two New York residents, Timothy Arent and Neil Wieczkowski, were convicted of mail fraud and tax evasion for their roles in a debt collection scheme. From October 2006 through October 2009, Arent and Wieczkowski engaged in a fraudulent debt collection scheme. The two illegally purchased debtor information from two former employees of a Buffalo debt collection business and used ... Read More »

                              I Owe Natwest in the UK and Concerned I’ll Be Arrested if I Go Back to the UK. – Marco

                              “Dear Jon, I need some advice. I lived in London from 2000 to 2002. Then in 2002, I had health problems at work, my arm, and treatment was complicated. So, I decided to go back to Brazil just for the treatment, which would be free, as I was born here. The thing is, treatment for free would take a long ... Read More »

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