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Forensic Mortgage Loan Audit Scam Kicked in Nuts by FTC

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At the request of the Federal Trade Commission, a U.S. district court has halted an operation that allegedly preyed on financially vulnerable homeowners, convincing them to pay $1,995 or more by holding out bogus promises that they could help them avoid foreclosure and renegotiate their mortgages. The complaint was filed against Consumer Advocates Group, Paramount Asset Management Corp, National Financial ... Read More »


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    Attorney General Dustin McDaniel announced today that a federal judge has shut down a Florida-based operation that offered bogus credit-repair services nationwide after the Attorney General’s Consumer Protection Division brought the company’s activities in Arkansas to the attention of federal authorities. Latrese and Kevin Hargrave and the companies they control are responsible for the rectangular red signs that dot Arkansas ... Read More »

      Attorney General McGraw’s Settlement with Five Collection Agencies Nets $772K for WV Consumers

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      West Virginia Attorney General Darrell McGraw today announced agreements with five out-of-state companies requiring them to pay a total $772,286 in refunds and cancelled debts to settle charges that they engaged in unlawful debt collection within the state. McGraw opened investigations of the companies after receiving complaints that four of them were not licensed in West Virginia and all five ... Read More »

        Creative Debt Solutions – Beware of These Apparent Idiots

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        A reader brought a debt relief company to my attention, Creative Debt Solutions at Beware and watch out. I took a look at their site and I was very unhappy to find some of the previously discredited tactics being promoted on their site. Just when you thought stupid tricks like novation and unilateral terms on payments was finally tossed ... Read More »

          Bogus U.S. Embassy Email Asks for Money – Scam Alert

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          A reader sent in the email below that claims to be from a U.S. Ambassador. I wanted to use it to point out a number of warning signs. Starting from the top: The email address this is sent from is not a government address. The reply to address is not a government address. The flag shown is for the U.S. ... Read More »

            Debt Collectors Halted From Collecting Debts Consumers Don’t Owe

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            Consumers Were Subjected to Collection Efforts for Magazine Subscription Debts They Did Not Owe, FTC Alleges Defendants in a debt collection operation that allegedly sought payment for bogus magazine subscription debts have settled with the Federal Trade Commission. The FTC alleged in its complaint that the defendants knew, or should have known, that some of the magazine subscription debts they ... Read More »

              Executives at Debt Collection Agency Face Jail Time In Attempt to Defraud Bank. Face Jail Time.

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              The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) and United States Attorney for the District of Connecticut David B. Fein today announced that Richard Pinto, 68, of Wellington, Fla., and Peter Pinto, 37, of East Quogue, N.Y., each pleaded guilty late Friday, May 11, before United States District Judge Stefan Underhill in Bridgeport to ... Read More »

                James Dimon, CEO – JPMorgan Chase Scam Email Alert

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                An email is being sent out to consumers purporting to be from James Dimon, CEO of JP Morgan Chase Bank. The email asks consumer to send $200 in order to receive $5 million dollars. It is a scam email. Don’t fall for it. The email says: From: “Mr. James Dimon CEO” Date: May 10, 2012 Subject: Re: Confirm From ... Read More »

         Best Buy Giftcard Spam Text – Scam Alert

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                  The following information appears as a scam warning for consumers to avoid. I received the following spam text message. As you will see this message can lead to possible identity theft and a financial impact. Warn others not to respond to it. This spam text message is interesting in that it instructs recipients to text STP instead of STOP to ... Read More »

                    Billing Services Group Allegedly Made It Possible For Unauthorized Charges to Be Placed on Cell Phone Bills

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                    The Federal Trade Commission is seeking a civil contempt ruling against the nation’s largest third-party billing company, alleging that it placed more than $70 million in bogus “cramming” charges on consumers’ phone bills in violation of a previous court order. The FTC is asking a federal court to make the company pay more than $52.6 million, the total amount that ... Read More »

                      Western Union Payment Office – Email Scam Alert

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                      The following information appears as a scam warning for consumers to avoid. The following message is being sent to consumers. The email attempts to spoof an official Western Union communication. It is a scam. From: Western Union Payment Office Subject: Attention; Esteemed Customer, Reply-To: [email protected] Attention; Esteemed Customer, Greetings from Western Union®Money Transfer Agent Location, PO Box 6992 Greenwood Village, ... Read More »

                        Avoid $100 Rewards Certificate Text – Scam Alert


                        The following information appears as a scam warning for consumers to avoid. A loyal reader sent in a tip about a spam text message that is going out. The message as you can see below is short on details and dubious. I’ve covered other similar messages in the past. The more troubling aspect of this message is that it prompts ... Read More »

                          National Lottery UK Email – Scam Alert

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                          The following information appears as a scam warning for consumers to avoid. The email below is going out in an effort to extract advanced fees from unsuspecting consumers who falsely believe they have won a lottery. It is a scam. From: National Lottery uk Subject: Congratulations!! Reply-To: National Lottery uk Tuesday 10th April, 2012 Saturday, April 7th, 2012 Lottery Result ... Read More »

                            Michael Smith, The Fund Manager of Fidelity Investment International – Scam Alert

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                            The following information appears as a scam warning for consumers to avoid. The following email below is being sent to consumers in an effort to obtain money from them. The email is a fraud. I contacted the company and Peter Yandle, a spokesperson for Fidelity Worldwide Investments said, “Thank you for forwarding to me the scam email that you received ... Read More »

                              ATM DEBIT Cash Card Payment Notification – Scam Alert

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                              The following information appears as a scam warning for consumers to avoid. The following email is circulating and you should not respond to it. Warn others as well. It is an effort to get your personal information or require you to pay money. From: “Dr.Andrew Christian” To: undisclosed-recipients:; Subject: Your Immediate ATM DEBIT Cash Card Payment Notification Reply-To: [email protected] Dear ... Read More »

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