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Sham Law Firm Employee Headed to Jail for Credit Repair

mans hands behind bars in jail or prison

Eric Phillips of California is going to have 33 months in federal prison to think back about his glory days of allegedly helping to create Georggin Law, pay the attorney who risked his license some compensation, and fleece consumers for credit repair services. As complaints about the debt relief services began to pile up with the FBI, an investigation began ... Read More »

    Student Loans Continue to be Ticking Time Bomb

    stressed man

    If you could see me at the moment you’d find a man blue in the face. Literally blue! And I’m blue from talking about the dangers of student loans over the past years and having it fall of deaf ears. Recent data from the Federal Reserve Bank of New York and Equifax shows just how dangerous student loans are. In ... Read More »

      Reader Calls Bullshit on “Keep Your Home” Mailer

      questions

      A very smart reader sent in a mailer they recently received. After they did some snooping around it set off warning bells. I’ll share their story and you’ll see what I mean. “I received this in the mail. When I called the number I got a lady who ask for my eligibility code. I asked her why is the eligibility ... Read More »

        More Florida Mortgage Modification Scammers Go to Jail

        Sagging Economy

        Two Florida men were sentenced today to serve 84 months in prison for defrauding thousands of homeowners in a $4 million nationwide home loan modification scheme. Acting Assistant Attorney General Mythili Raman of the Justice Department’s Criminal Division, U.S. Attorney Carmen M. Ortiz of the District of Massachusetts and Special Inspector General for the Troubled Asset Relief Program (SIGTARP) Christy ... Read More »

          Is The Berger Law Group Just a Variation of The Resolution Law Group?

          Mature woman confused

          Recently I asked a question to see if anyone knew who was really behind the Resolution Law Group. Some are telling me the firm has changed their name and is now continuing to market similar services under the name The Berger Law Group and is allegedly operating out of Tampa. If anyone has any additional information or can confirm that, ... Read More »

            Why Did First Stone Credit Counseling Pay Commissions?

            family portrait

            A reader wanted to know why the public returns for First Stone Credit Counseling listed commissions as an expense since nonprofit credit counselors are not allowed to pay commissions under 501(q). – Source A visit to their site at firststone.com found a curious title to their site. It seems their primary focus is not credit counseling in the title but ... Read More »

              Rescue One Financial Still Sending Mailers for Loans

              Front of alleged mailer sent in by reader.

              A reader just sent in the following mailer they recently received from Rescue One Financial. I’ve been critical in the past of the apparent lack of a lenders license by Rescue One Financial even though they were seemed to be selling the offer of a loan. The allegation before was these mailers were funneling people into debt settlement programs instead ... Read More »

                Scammers Prove They Are Assholes

                scammer

                According to the Federal Trade Commission new scam emails are being sent out that try to trick people into clicking on links that will download malware to their computers. The latest scam takes the trick to a new low. Scammers are sending bogus emails with the subject line “funeral notification.” The message appears to be from a legitimate funeral home, ... Read More »

                  Affiliate Marketer Settles With FTC for All He Made

                  ftc

                  An affiliate marketer has agreed to settle Federal Trade Commission charges that he was responsible for sending millions of unwanted text messages to consumers that deceptively promised “free” gift cards and electronics. The marketer, Jason Q. Cruz of West Bend, Wisc., was a subject in a series of FTC complaints targeting the senders of deceptive spam text messages. In its ... Read More »

                    FBI Scam Email

                    scam

                    SCAM Alert! Beware of the following scam email making the rounds: “From: “Federal Bureau Investigation (FBI)” Date: December 31, 2013 at 8:53:45 PM EST To: BCC Subject: Re:Federal Bureau of Investigation (FBI) Reply-To: Federal Bureau of Investigation (FBI) Counter-terrorism Division and Cyber Crime Division J. Edgar. Hoover Building Washington DC Dear Beneficiary, Series of meetings have been held over the ... Read More »

                      Is Consumer Assistance Project Spoofing a Nonprofit Past?

                      The signature Marlene Funk says is faked.

                      I received the following email from a Marlene Funk regarding an article from September, 2013 titled Consumer Assistance Project Website Raises Real Concerns. Be Careful. Marlene Funk was the organizer of the original company the student loan assistance company Consumer Assistance Project grew from. Ms. Funk stated, “I created Non-Profit Guardian Services, which has nothing to do wih Consumer Assistance ... Read More »

                        Loan Scammers Turn Around and Get Nailed Again by FTC

                        ftc

                        At the request of the Federal Trade Commission, a U.S. district court judge in Florida has issued a contempt order against Bryon Wolf and Roy Eliasson, two key individuals who operated a deceptive marketing scheme since 2009. According to the order, the defendants violated a December 2008 permanent injunction and final order that barred them from making a range of ... Read More »

                          Don’t Overlook the Insolvency Exemption for 1099-C Cancelation of Debt Income

                          taxform

                          It’s that time of year again, when people are receiving 1099-Cs for debts forgiven or canceled during 2013. Perhaps you were in a debt settlement program with successful results, and a lot of debt was forgiven. Or it may be that your creditor decided to formally cancel an old delinquent account to close out their records. You might have taken ... Read More »

                            Jacoby & Meyers Bankruptcy Goes Dark

                            waving

                            A tipster (send in your tips here) sent in a message about the Jacoby & Meyers Bankruptcy site had a strange message on it. For those that might not remember, Jacoby & Meyers Bankruptcy was created when Macey Bankruptcy Law merged with Jacoby & Meyers. As of right now the Jacoby & Meyers website is essentially gone. It does have ... Read More »

                              New York Goes After Companies Offering Student Loan Assistance

                              student loan debt

                              Governor Andrew M. Cuomo announced today that his newly established Student Protection Unit took its first official action by issuing subpoenas to 13 student debt relief companies as part of an investigation into concerns about potentially misleading advertising, improper fees, and other consumer protection problems in that industry. In particular, the Department of Financial Services’ (DFS) Student Protection Unit is ... Read More »

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