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Prince of Darkness Charged in Real Estate Scam

the Dark Prince

Photo: Annia316 A Nepalese con-man known as “the Dark Prince” managed to fraudulently obtain ownership of some luxury condos in San Francisco and then took out $2.2 million in an equity loan against the properties. Besides “the Dark Prince” Kaushal Niroula, 29, a former tennis instructor Winston Lum, was arrested along with Jay Shah and Melvin Emerich. Niroula and four ... Read More »

    Debt Settlement Company Robo Calls BBB Office

    Ready to Collapse

    You know this happens all the time. An automatic dialer from a debt settlement company calls an Attorney General office by mistake. In this case the call went to a BBB office in Texas where it was recorded. Okay, before you get your britches in a bunch I know the BBB has no regulatory authority but they are the wrong ... Read More »

      Owe the State of Iowa? Your Debt May Increase by 25%

      Ready to Collapse

      The State of Iowa is looking for a way to balance their budget by collecting on hundreds of millions of dollars owed to the state for unpaid taxes, court charges, and anything else they can think of. The legislation says that when a debt becomes 120 days delinquent it will be sent to an outside collection agency that can add ... Read More »

        Gateway Bank Select Rewards Visa Platinum Mailer Review

        Gateway Bank Select Rewards Visa Platinum Card Mailer

        This credit offer review is about the Gateway Bank Select Rewards Visa Platinum Card offer. As credit card mailers go this one is fairly stark. I’m not even sure why the card offer is from Gateway Bank since the fine print says the credit card is issued by Elan Financial Services as the creditor. That’s very misleading. But even Gateway ... Read More »

          ASB Capital Group and Allen Brodetsky Stand Up and Address a Readers Concerns

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          I received the following email from Brad who wanted to share his story with you about his experience with ASB Capital Group in Tarzana, California. If you have a tip you’d like to share, email it to tips@getoutofdebt.org. In researching the company briefly online I found the following video which includes Allen Brodetsky in it. ASB Capital Group gives an ... Read More »

            Regulation of Debt Settlement Companies Looming

            Ready to Collapse

            This is a guest post by Kenneth Long, President of Fiscal Progress. If you would like to submit a guest post for publication, just send me an email to guestpost@getoutofdebt.org. Steve On September 25, 2008 the Federal Trade Commission (FTC) held a public workshop to explore the for-profit debt settlement industry. Panelists representing debt settlement companies, consumer advocates, regulators and ... Read More »

              Foreclosure Scam Ringleader Faces 49 Years Behind Bars

              Ready to Collapse

              The ringleader in a Carlsbad, California-based scam that tricked mostly Spanish-speaking homeowners into paying for a bogus service to stave off foreclosure was convicted of 160 felony counts by a San Diego jury Tuesday, according to the district attorney’s office. William Hutchings, 62, of San Diego faces 49 years in prison on the convictions that included conspiracy, grand theft, rent ... Read More »

                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

                  Ready to Collapse

                  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

                        Ready to Collapse

                        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 »

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