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Scam

Anatomy of a Scam – How Easily You Can Get Suckered

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Here is a great story that lays out how shady telemarketers can convince you to jump into any scam. In my world it is usually some B.S. debt relief effort. Today the most prevailing debt relief product some scammers are pushing is student loan assistance for federal loans. But it is a moving target. In the past the scam of ... Read More »

    Debt Relief Telemarkters Added to Suit by FTC and Florida

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    The Federal Trade Commission and the State of Florida have charged a payment processing business with credit card laundering and illegally assisting and facilitating a nationwide debt relief telemarketing scheme that allegedly bilked millions of dollars from consumers. When scammers cannot gain or maintain access to the credit card networks through legitimate means, they frequently turn to illegal credit card ... Read More »

      Yellow Book Invoice Scam Resurfaces Again

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      At the Federal Trade Commission’s request, a federal court has banned Robert Ray Law and his company, CPU Service Incorporated (CPU) from sending unsolicited direct mail to advertise or promote goods or services, imposed a judgment of almost $400,000, and required them to immediately pay $45,000. In July 2014, the FTC charged Law and Your Yellow Book Inc. (YYB) with ... Read More »

        FTC Halts Bogus Envelope-Stuffing Scam

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        At the Federal Trade Commission’s request, a federal court has halted a nationwide work-at-home scam that took more than $7 million from tens of thousands of consumers. The defendants allegedly lured consumers with false claims that they could earn up to $5,000 or more in weekly income by stuffing and mailing “special advertising letters” from home. According to the FTC’s ... Read More »

          Nationwide Student Financial Aid Scam is Punched in Face

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          Today, the Consumer Financial Protection Bureau (CFPB) announced it is taking action to halt a nationwide student financial aid scam that allegedly ripped off tens of thousands of students and families across the country by illegally charging millions of dollars in fees for sham financial services. The Bureau filed a complaint in federal court against the company, which operates under ... Read More »

            Four Years Later, Consumers Get Pennies From Debt Relief Scam

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            Four years ago now the California Department of Justice swooped in an shut down an enterprise they claimed was taking advantage of consumers who were seeking mortgage modification or actions against the mortgage company. More can be read here. The parties named in the original action included: Attorneys Processing Center, LLC, also doing business as Attorney Processing Center, and Processing ... Read More »

              Debt Relief Scammer Banned from Selling Mortgage Relief Services

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              A mortgage relief services company and its owner, have agreed to settle allegations that they illegally charged homeowners an up-front fee for help they promised but never provided, and they will be banned from selling debt relief services under a federal court order. The settlement resolves allegations that Wealth Educators and Veronica Sesma falsely promised they could lower consumers’ mortgage ... Read More »

                Easy Money Scammers Nailed by FTC

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                Eighteen elusive marketers who cheated American and Canadian consumers out of more than $7 million are banned from selling business or work-at-home opportunities under court orders obtained by the Federal Trade Commission. These orders, along with court orders against 14 other people and companies named in the FTC’s lawsuit, resolve charges that the defendants conned consumers into thinking they could ... Read More »

                  E Entertainment Television And Miranda Lambert Get Scammed to Sell Garcina Cambogia Slim

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                  The following fake E Entertainment Television page caught my eye as it crossed my browser. The average person is going to be fooled by this scam advertisement. You see, it’s a fake E News site. The site this add appears on is eOnline-Celebrit.com. Sounds legit but the site was registered on May 5, 2015 and the ownership of the domain ... Read More »

                    Serial Debt Relief Scammers Back at it Again in Florida

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                    The Federal Trade Commission (FTC) has had to invest loads of money again to police the debt relief industry to go after more false promises and schemes to sell people worthless services. Every time something like this happens and the debt relief industry doesn’t police itself, it only hurts all the good companies out there who want to play by ... Read More »

                      Worthless Illegal Robocalls Pitching Credit Card Interest Rate Reductions – STOPPED

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                      Another Action Targeting Robocalls from “Card Member Services” At the request of the Federal Trade Commission and the Florida Attorney General, a federal district court has temporarily halted an Orlando-based operation that has been bombarding consumers since 2011 with massive robocall campaigns designed to trick them into paying up-front for worthless credit card interest rate reduction programs.  The court order ... Read More »

                        Kickstarter Project Creator Nailed for Fraud

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                        In its first case involving crowdfunding, the Federal Trade Commission has taken legal action against the deceptive tactics of a project creator who raised money from consumers to produce a board game through a Kickstarter campaign, but instead used most of the funds on himself. The defendant has agreed to a settlement that prohibits him from deceptive representations related to ... Read More »

                          Federal Court Rules Affiliate Marketing Network and its Parent Company Must Turn Over $16 Million They Received From Deceptive Marketing Scheme

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                          FTC and State of Connecticut Charged LeadClick Media with Operating A Network That Used Fake News Sites to Promote Diet Pills A U.S. district court has ruled that LeadClick Media, an affiliate marketing network, and its parent company, CoreLogic, Inc., must turn over $ 16 million in ill-gotten gains they received from a deceptive marketing scheme that sold purported weight-loss ... Read More »

                            FTC Goes After Vehicle Loan Debt Relief Assistance Services

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                            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

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                              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 »

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