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Scam

FTC Goes After Vehicle Loan Debt Relief Assistance Services

ftc

The Federal Trade Commission recently filed a sealed complaint against Regency Financial Services, Ivan Levy; AKA Fidelity Holdings, Levy Fidelity Holdings, Ivan Levy Regency Holdings, BJI Enterprises. The FTC alleges the following in the complaint: “Since at least 2009, Regency, acting primarily through co-defendant Ivan Levy, has perpetrated a vehicle loan assistance relief services scam. Regency preys on consumers who ... Read More »

    5 Year Club Fed Stretch for Mortgage Relief Promoter

    mans hands behind bars in jail or prison

    WASHINGTON, DC – Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP); Benjamin B. Wagner, United States Attorney for the Eastern District of California; and Kamala D. Harris, Attorney General for the State of California today announced that Ray Jan Kornfeld, 59, of Las Vegas, Nev., was sentenced on February 19, 2015, to five years in federal ... Read More »

      Phony Debt Relief Scam Operated From Jamaica

      jamaica

      Two new defendants have been named in a Federal Trade Commission case against a phony debt relief and credit repair scheme that allegedly deceived consumers about non-existent federal programs to pay off their bills and fix poor credit. – Source The case was originally brought in August 2014 against the unnamed operators of the scam, which operated under the names ... Read More »

        Verve Credit Card, Cerulen Credit Card, and Matrix Credit Card Users to Get Millions

        You will help protect people when you sell me your junk mail.

        Today, the Consumer Financial Protection Bureau (CFPB) ordered Continental Finance Company LLC, a subprime credit card company based in Delaware, to refund an estimated $2.7 million to approximately 98,000 consumers who were charged illegal credit card fees. The agency found that the company’s “fee-harvester” subprime credit cards misrepresented certain fees and hit consumers with illegal charges. The order also requires ... Read More »

          U.S. Canadian Telemarketing Scheme That Hurt Seniors – Shuttered & Settled

          Senior couple at home focusing on angry man

          Two defendants who participated in an alleged multi-million dollar telemarketing fraud that targeted U.S. seniors and withdrew money from their accounts without authorization have agreed to settle Federal Trade Commission charges. The settlement orders bar them from using remotely created checks drawn on consumers’ bank accounts, require them to obtain consumers’ consent before debiting their accounts, and prohibit them from ... Read More »

            FTC Warns Marketers About Their Shitty Bags

            Big Scam Dog

            Staff of the Federal Trade Commission has sent letters warning 20 manufacturers and marketers of dog waste bags that their “biodegradable,” “compostable,” and other environmental claims may be deceptive. The letters, which the staff sent after examining the companies’ environmental, or “green,” claims on their websites and in other media, provide examples of potentially deceptive statements regarding the bags’ biodegradability ... Read More »

              Diploma Mills Halted by FTC

              ftc

              The principal owners of two Florida-based online diploma mills are permanently banned from marketing and selling academic degrees under settlements with the Federal Trade Commission. Alexander Wolfram and IDM Services, LLC, and Maria Garcia have settled charges that they deceived consumers into enrolling in their programs by claiming they could obtain “official” and accredited high school diplomas and use them ... Read More »

                Outlook Email Migration – Scam Alert

                scam email screen

                Beware of the following email being sent out that appears to come from an official government source. The email reads: “From: Cook, Bryant D Sent: Tuesday, January 27, 2015 2:18 PM To: Cook, Bryant D Subject: Help Desk Dear Email User, Please be prepared for all systems to be offline for maintenance today. We are currently Migrating your outlook account ... Read More »

                  Scam Amish Heater Mailer Makes Me Curious – HS Payment Processor

                  Amish Heater Letter 3

                  Loyal readers know I typically focus on consumer debt related issues but this recent marketing piece sent to my dead mother made my blood boil. The outside of the marketing piece clearly appears to spoof an official government mailer. I think it tries very hard to trick recipients into thinking this is critical government mail, maybe from the Internal Revenue ... Read More »

                    Quick, Get Your Shocked Face Ready to Read About Bitcoin Scam

                    Shocked Face

                    At the request of the Federal Trade Commission, a federal court has shut down Butterfly Labs, a Missouri-based company that allegedly deceptively marketed specialized computers designed to produce Bitcoins, a payment system sometimes referred to as “virtual currency.” The FTC’s complaint against the company and its corporate officers alleges that Butterfly Labs charged consumers thousands of dollars for its Bitcoin ... Read More »

                      Payday Loan Alleged Dipshits Helped Themselves to Bank Accounts

                      scam

                      At the Federal Trade Commission’s request, a U.S. district court in Missouri has temporarily halted an online payday lending scheme that allegedly bilked consumers out of tens of millions of dollars by trapping them into loans they never authorized and then using the supposed “loans” as a pretext to take money from their bank accounts. The court imposed a temporary ... Read More »

                        Scam Fax Promises Gullible Employees Vacation Package

                        Junk Fax

                        I just got this fax from my alleged H.R. Department, who is me. But you just know someone, somewhere is going to fall for this crap. This is clearly landing on the fax machines around the country and it appears to just be a pitch for some travel voucher and not an actual trip. You know you’ve got to worry ... Read More »

                          USA Discounters Agrees to Refund $5 Charge Collected in What Feds Called A “Fee Scam”

                          man terrifying woman

                          by Paul Kiel ProPublica, Aug. 15, 2014, 9 a.m. USA Discounters, a retail company that caters to service members, has agreed to refund $350,000 collected as part of what federal regulators termed a “fee scam.” The company also agreed to pay a $50,000 penalty to settle an inquiry by the Consumer Financial Protection Bureau over a $5 fee charged to ... Read More »

                            EZPass Email – Scam Alert

                            E-ZPass Scam Email

                            The following information appears as a scam warning for consumers to avoid. A reader sent in the following email and wanted people to watch out for it. The email pretends to be from E-ZPass but is actually sent from an email address in Russia, automania-group.ru. If you get an email like this, delete it, do not click on the link. ... 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 »

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