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Three Charged in Mortgage Modification Scheme

lawyer

Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP), and Preet Bharara, United States Attorney for the Southern District of New York, today announced the unsealing of charges against Ped Abghari, a/k/a “Ted Allen,” Dionysius Fiumano, a/k/a “D,” and Justin Romano for engaging in a mortgage modification scheme that defrauded over 8,000 homeowners in all 50 states ... Read More »

    Work-at-Home Defendant Settles with FTC

    ftc

    The final defendant charged by the Federal Trade Commission in a business opportunity scheme that he falsely claimed would enable consumers to earn a significant income by affiliate marketing with websites of well-known companies such as Prada, Sony, Louis Vuitton, and Verizon has agreed to settle. Under the settlement, Benjamin Moskel, a former officer in the corporation, The Online Entrepreneur, ... Read More »

      What the Fuck is World Law Group Talking About?

      World Law Announcement

      A tipster (send in your tips here) sent me a copy of an email they received from World Law Group that made a claim that rose above the level of “what the heck” and “what the hell” to defcon “what the fuck?” In the email, World Law Group allegedly says, “Your attorneys at World Law Group are transitioning the accounting ... Read More »

        Missing – Credit Advocates Law Firm Site. But is it Really Credit Advocates Debt Resolution Firm?

        Screen Shot 2014-08-05 at 3.14.00 PM

        A reader posted a comment alluding to the fact a company out of Florida named Credit Advocates Law Firm, LLC may actually be controlled by Jeffrey Aleman, Thomas Macey, and Jason Searns. Normally I’d just pass on a tip like that but in this case what really piqued my interest was the fact the Nevada company registration does in fact ... Read More »

          FTC Recovers Luxury Cars and Watches in Mobile Phone Cramming Action

          blank screen mobile in woman hands

          The operator of a massive mobile cramming scheme has agreed to surrender more than $1.2 million in assets to settle Federal Trade Commission charges, including the contents of numerous bank accounts, two luxury cars, shares in a number of startup companies and multiple luxury watches. “Ensuring that consumers are protected in the growing mobile environment is a top priority at ... Read More »

            FTC Extracts Dollars for Consumers From Tax Relief Scam

            ftc

            The Federal Trade Commission is mailing refund checks totaling more than $16 million to 18,571 consumers who paid money to American Tax Relief, which bilked financially distressed consumers by falsely claiming it could reduce their tax debts. Under a settlement, the defendants turned over millions of dollars in assets the court had frozen, including bank accounts, jewelry, and a Ferrari. ... Read More »

              Consumers Shedding Problem Debt Less and Less

              graph

              The latest round of bankruptcy filing numbers is out and it paints a picture many in the debt relief industry see firsthand, a decrease in demand for debt relief services. Since the debt relief industry fails to provide any specific numbers about consumer demand, the best measure we have is to use the U.S. Courts bankruptcy filing numbers as a ... Read More »

                Juror Scam to be Aware of Says U.S. Courts – Scam Alert

                Know who you are really working with so you don't get scammed.

                The U.S. Courts are warning about something they say is a new scam consumers should be aware of. According to the courts, the juror scam email fraudulently seeks personal information that could aid identity theft and has been reported in at least 14 federal court districts. According to the Administrative Office of the U.S. Courts, citizens received emails claiming they ... Read More »

                  Work-At-Home Scammer Tried to Hide Assets Says FTC

                  oops

                  At the Federal Trade Commission’s request, a federal court has imposed a $26.9 million judgment against the operator of a phony work-at home scheme who lied about his financial assets in an effort to hide them from the FTC when he agreed to settle with the agency in 2010. Jonathan Eborn was one of the marketers behind a work-at-home scheme ... Read More »

                    FTC Says It Stopped Office Supply Scammers

                    ftc

                    At the Federal Trade Commission’s request, a federal court has temporarily halted and frozen the assets of an operation that bilked nonprofits, businesses, and municipalities out of millions of dollars by deceptively sending them overpriced light bulbs and cleaning supplies that they never ordered. The FTC seeks to permanently stop the illegal practices and make the defendants return victims’ money. ... Read More »

                      U.S. Fines Bank of America for Hustling Mortgage Loans

                      Real Estate Concept

                      U.S. District Judge Jed S. Rakoff yesterday ordered Bank of America to pay a significant civil penalty of $1.27 billion for fraud it committed before and during the time taxpayers invested $45 billion in the bank through the TARP bailout. Additionally, former Bank of America executive Rebecca Mairone was ordered to pay a civil penalty of $1 million to the ... Read More »

                        Did the CFPB Just Totally Blow Off CCCS and NFCC?

                        Adult Ed - Questions

                        I could not help but notice an absence of some familiar faces in an announcement by the Consumer Financial Protection Bureau (“CFPB”) today on financial education. The CFPB announced an inspired national project to help those most in need to get more education about managing their finances. You would have expected the National Foundation for Credit Counseling to have been ... Read More »

                          Yet Another Bullshit Debt Relief Mailer From Anonymous

                          2014-07-26 13.03.34

                          Thanks to an awesome reader who received this recent debt relief mailer, I can share it with you. Just when you thought the debt settlement industry had cleaned up their act and was flying right, or at least a lot more level, comes this mailer. Again we have the standard deceptive mailer that appears to pretend to be an official ... Read More »

                            Four More in Custody for Mortgage Modification Scam

                            mans hands behind bars in jail or prison

                            It’s been a rough week for companies who are selling mass joinder and mortgage modification help. See here, here, and here for stories. But today brings a new round of alleged bad debt relief actors landing in trouble with the law. According to the Office of the Special Inspector General for the Troubled Asset Relief Program on Tuesday, federal agents ... Read More »

                              CFPB Goes After Mortgage Relief Scammers

                              cfpb

                              Consumer advisory: Don’t fall for a foreclosure relief scam or bogus legal help The Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission (FTC), and 15 states announced a sweep against foreclosure relief scammers that used deceptive marketing tactics to rip off distressed homeowners across the country. The Bureau is filing three lawsuits against companies and individuals that collected more ... Read More »

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