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Death Sentence Given for Woman in Ponzi Scam

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A former high-flying businesswoman was sentenced to death in Zhejiang Province for orchestrating a massive Ponzi scheme. The scam lifted 770 million yuan (US$112.77 million) from 19 investors in less than two years. Jinhua City’s Intermediate People’s Court found Wu Ying, 28, guilty of running the scheme. The court also ordered all of Wu’s personal property confiscated, China News Service ... Read More »

    Business Noticing Increase in Credit Card Purchases. Not a Good Sign.

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    Business noticing increase in credit card purchases Bay News 9, FL - 1 hour ago Americans now owe an estimated $850 billion in credit card debt , which is four times as much as in 1990. Consumers aren't the only ones affected by the ... Read More »

      I’m Lending Money to People So They Can Consolidate Their Debt. Want Some?

      Lending Club Investment Screen

      I’ve written in the past about LendingClub.com. They are a peer-to-peer lending network where people just like you and me lend money to others and cut the banks out all together. I had $375 that was available in my account to invest so I just logged in and reinvested it. Since I was last on the LendingClub.com site they’ve made ... Read More »

        Jamaican Lottery Scam Cleaning Out Savings of Elderly People

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        Some elderly people have been pressurised into handing over their life savings to the operators of a lottery scam. The new Jamaican-based lottery scam has already seen some people in the UK lose several thousand pounds, the Office of Fair Trading (OFT) said. Victims received phone calls from operators claiming to be lawyers, bank officials or lottery organisers. But then ... Read More »

          I Want You to Meet Who You Helped Today – Mercedes del Socorro Espinoza

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          It is important for you to meet who we helped today through this site. As I mention, all over the place, revenue from people clicking on ads and using the service of advertisers is used to help sponsor people in poverty through Kiva. Please visit or use the services of advertisers on the site so we can help more people. ... Read More »

            Maryland AG Stops Foreclosure Rescue Scam to Strip Equity

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            Attorney General Douglas F. Gansler announced that his Consumer Protection Division has won a judgment in the Circuit Court for Baltimore City of nearly $1 million against Rodney Spellen, Mid Atlantic Consulting, Inc., Jemel Lyles, Absoloot Ventures Inc., Brian Boyd, 1st Choice Property Management Firm, Inc., Sahar Ali, Alan Muniu, Phillip George, Certified Title & Escrow, Inc., and Reggie Simmons ... Read More »

              Man Probably Killed Himself After Falling For Love Scam By Woman Claiming to Be From Nigeria

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              Police are warning people not to fall foul of financial scams, after one is believed to have cost a Grimsby UK man his life. Phillip Hunt, 58, lost £60,000 in a love scam before he was struck and killed by a train in August. Although officers cannot say whether Mr Hunt intended to take his own life, suspicious circumstances have ... Read More »

                Nigerian Email Con Artist Feels Bad After Conning Priest

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                An innocent Centralia priest has been caught up in an e-mail scam, which conned at least one of his friends out of $600. It all started with an urgent e-mail: A cry for help from a priest supposedly stuck in Africa, desperate for almost $3000 to cover hotel bills and plane fares. “I was not scamming people,” said Father James ... Read More »

                  Dave Ramsey – Bankruptcy Bigot or Personal Finance Saint?

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                  I was just over on the blog of Dan Nunley, an Oklahoma bankruptcy attorney. He has a fantastic post on his site about Dave Ramsey and his aversion to bankruptcy. It is a post worth reading and the comments as well. It provided a good look at different points of view about Ramsey’s zealous effort to help people to avoid ... Read More »

                    It Will Take 93 Years For People to Get Out of Debt

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                    The Citizens Advice Bureau (CAB) in the UK is saying that based on their recent clients, it will take an average of 93 years for people to get out of debt. The CAB model is unlike anything available in the U.S. Citizens Advice works to provide fee advice to consumers and is supported by funds from the UK government. Citizens ... Read More »

                      Debt Loans and Debt Consolidation

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                      There are things hardwired into our brains. Our heart beats when we sleep, we breathe, we dream. When it comes to money problems, one of the automatic solutions people think of is the need to get a debt consolidation loan. Debt Loans Getting a debt consolidation loan is not an automatic guarantee that it will solve the bad credit problem. ... Read More »

                        Indiana, Michigan, and Kentucky – Worst Places for Auto Loans in 2010

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                        TransUnion released its annual auto loan forecast today indicating national auto loan delinquencies (the ratio of borrowers 60 or more days past due) will increase approximately 7 percent at the end of 2010 to 0.92 percent from an expected 0.86 percent at the conclusion of 2009. Only one state – California – is expected to see a decline in auto ... Read More »

                          Reporter Looking for Someone to Interview About Using a Credit Card in an Emergency

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                          From Allie Johnson, Reporter For an article for a personal finance Web site, a reporter is looking for people who have used a credit card in an emergency and would be willing to be interviewed about it. This could be a credit card that you kept around just for emergencies or your regular credit card. If you are willing to ... Read More »

                            Man Fraudulently Tries to Sell Church He Didn’t Own

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                            A man involved in a complicated scam to sell a church he didn’t own has been found guilty on 11 counts of fraud. Tracy Carmichael, 46, of Detroit in 2007 offered to sell the Temple of God Deliverance on Mount Elliot to a woman who was interested in the property as a land investment. The scam involved Carmichael finding a ... Read More »

                              Consumers Energy Customer Warned About Credit Card Scam

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                              Consumers Energy is warning customers — especially seniors — of a scam that includes people posing as Consumers employees in an attempt to access credit card information. According to a statement, customers have received calls from a person claiming to be a Consumers employee offering a special program. The caller tells the customers they have to pay a small fee ... Read More »

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