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Colorado Attorney General Reaches Settlement With Identity Theft Scammer

Colorado Attorney General John Suthers announced today that attorneys from the office’s Consumer Protection Section have reached a settlement with Donald Sterling Whitlock (DOB: 5/6/1970) that secured full restitution for the victims of his elaborate identity theft and commercial-lending scheme. The State had originally also charged his wife Erin Whitlock in the scam but she was dropped from the suit. ... Read More »

    Loan Modification Company Operating Out of Mailbox at UPS Store is a Scam

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    Federal prosecutors have indicted two San Diego men featured in an ABC News investigation for their role in allegedly defrauding desperate homeowners trying to modify their mortgages. Investigation uncovers businesses posing as something they’re not. Glenn Rosofsky and Michael Trap, who ran a business called Nations Housing Modification Center, are charged with duping homeowners who were falling behind on their ... Read More »

      Is the Living Free and Clear Program Offered by TJ Marrs and Asset Solutions a Scam?

      Living Free and Clear Sales Price

      Recently someone came to the site and posted a comment (see comment from Dee) that lead me to the video to the right and that took me to the Living Free and Clear program by TJ Marrs (Theron-Jay Marrs). At first glance I saw what I thought were many of the same pitches I saw from Dave Burke and The ... Read More »

        California Shuts Down Scam Foreclosure Relief Companies

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        California Attorney General Edmund G. Brown Jr. today shut down two fraudulent foreclosure-assistance companies and secured a court judgment that prohibits three individuals from working in the real estate industry and provides more than $1 million in restitution for victims left with “false hope” after paying upfront fees for nonexistent loan-modification services. “George Escalante, Cesar Lopez and Adrian Pomery used ... Read More »

          FTC Tries to Protect Consumers From Getting Screwed With a Reverse Mortgage

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          Federal Trade Commission staff has filed comments with the Federal Financial Institutions Examination Council (FFIEC) supporting a measure designed to protect consumers from deceptive claims and to help them make better-informed decisions about whether to obtain a reverse mortgage. Reverse mortgages, typically available only to borrowers age 62 or older, allow them to “spend down” the equity in their home ... Read More »

            Examples of Deceptive Official Marketing Sent Out By Debt Settlement Companies to Trick Consumers. Some are Members of TASC & USOBA.

            I’ve seen more coy and scammy mailers being sent by companies in an attempt to trick or confuse people in debt to believe that some sort of government help is available to help them with their consumer debt. For the most part these mailers are nothing more than deceptive advertisements that try to get consumers to call and then be ... Read More »

              Octomom to Be Evicted

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              TMZ has learned Octomom Nadya Suleman has until the end of business on Tuesday to either pay more than $450,000 for her house … or she’ll be on the receiving end of a foreclosure lawsuit. As we first reported, Octo didn’t make a balloon payment of $450,000 on March 10. She’s also behind $4,139 on monthly payments. The person who ... Read More »

                High-End Repo Man Takes Back Toys From the Over-Leveraged Rich

                Gulfstream Repo

                Ken Cage is racing through a private aviation terminal near Orlando when his BlackBerry buzzes with bad news. The plane he is about to repossess is scheduled to take off for Mexico in three minutes. Even worse, the Cessna's owner and pilot is on his way back from lunch—and he is rumored to be six-feet, six-inches tall. “I’d rather not ... Read More »

                  Former Bank VP of Recovery Operations Says TASC and Most Debt Settlement Companies, Suck!

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                  Dear Steve, My name is Jeff Meek and until Aug 2009 I was Vice President of Recovery Operations for WaMu Card Services. During my almost five year tenure at the bank I had the opportunity to review the Debt Settlement industry through the critical eyes of an issuer. When we began looking at Debt Settlement as a option for our ... Read More »

                    Casino Part of Identity Theft Case Involving Cash Advances

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                    NIAGARA FALLS, N.Y. (WIVB) – Authorities say they’ve cut off a major identity theft operation. The suspects are from New York City, but a significant portion of the alleged crimes were committed here in western New York and involve massive cash advance withdrawals at Seneca Casinos. Authorities say this case could involve hundreds of out-of-state victims and big money losses. ... Read More »

                      Beach House Auction Actually Scam for Drug Money

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                      SEASIDE, Ore. — A Seaside man has confessed to creating a $99 Essay Beach House Contest to pay bills and buy drugs and he also told contestants that money generated by the contest would be donated to breast cancer research. Theodore Zennie was arrested on Thursday, for allegedly dealing heroin. Clatsop County Interagency Narcotics undercover agents acting on a tip ... Read More »

                        City Employee Gets 18 Months Probation for Bootlegging Polka Party DVDs on City Equipment

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                        A veteran Warren, Michigan employee who used city equipment to make bootleg polka party DVDs for profit will serve 18 months of probation and pay $600 in restitution and fines. Frederic DeChausse, a cable specialist for Warren TV, pleaded no contest on Monday to a misdemeanor count of copying audiovisual recording for gain and embezzlement. Under a plea agreement, prosecutors ... Read More »

                          Bank of America CEO: We ‘Missed the Mark’

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                          Bank of America CEO Brian Moynihan says the company is working to improve customer experience, sitting down with policymakers reforming the financial system, improving risk management practices and making changes to its compensation structure. “Before and during the recent crisis, many of our collective business judgments missed the mark,” Moynihan writes in the letter. “We believe the changes we’re making ... Read More »

                            Attorneys Have Debt Problems And File Bankruptcy Too

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                            This article was written by my bankruptcy attorney friend Dan Nunley in Oklahoma. It brings up so very good points and Dan said he didn’t mind if I share it with you here. So far this year, I’ve been contacted by three attorneys who are considering filing bankruptcy. I’ve been a bankruptcy lawyer for fifteen years now and it seems ... Read More »

                              Be Careful if You Use Your Personal Credit Card for Business Purchases

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                              Now that the new CARD Act (Credit Card Accountability, Responsibility and Disclosure Act) has been implemented to prevent unfair interest rate hikes and protect consumers there is a big loophole if you use your personal credit card for business purchases. The problem is that the CARD Act does not apply for business or corporate credit cards or cards used as ... Read More »

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