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FTC Burns BurnLounge as Pyramid Scheme

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At the request of the Federal Trade Commission, a U.S. district court judge has ordered the operators and top promoters of a deceptive pyramid scheme to pay a total of $17 million to refund consumers who were burned by the scam. The court order permanently halts marketing methods used by the operation known as BurnLounge, which lured more than 56,000 ... Read More »

    California Attorneys Arrested and Booked for Taking Money From Consumer for Mortgage Help

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    The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) and California Attorney General Kamala D. Harris today announced the arrests of the owners and managing attorney of a law firm that took thousands of dollars in up-front loan modification fees for services that were never performed for homeowners, many of whom ended up losing their ... Read More »

      Corvus Law Group Agrees to Change Direct Mail Ads

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      A Utah law firm that files multi-plaintiff lawsuits against mortgage servicers has agreed to change how it solicits clients in Idaho, Attorney General Lawrence Wasden said today. Wasden’s office reached a settlement agreement with Corvus Law Group, LLC, which maintains an office in Post Falls, Idaho. Pursuant to the agreement, the firm has modified its direct mail ads to comply ... Read More »

        Fake 2010 U.S. Stimulus Plan Mailers STILL Being Sent

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        Now I’m just in disbelief that bogus debt relief mailers like this are still being sent out. There is nothing compliant about this mailer. It makes unsupported claims, fails to identify the company, and in my opinion, should be avoided at all costs. I’ve covered similar mailers like this before, which you can see in the related links below. This ... Read More »

          Watch Out for Counterfeit Cashier’s Checks of Peoples Bank, Marietta, Ohio

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          Peoples Bank of Marietta, Ohio has reported that counterfeit cashier’s checks issued in the bank’s name and using a correct routing number of 044202505 are being presented for payment nationwide in connection with scams targeting law offices. Counterfeit items closely resemble the bank’s authentic cashier’s checks but may be identified by the following: The checks do not include the bank’s ... Read More »

            New Scam Claims You Need to Pay the IRS for Money Being Held by OCC, Homeland Security or Department of Justice

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            Fictitious correspondence, allegedly issued by the Office of the Comptroller of the Currency (OCC) regarding funds purportedly under the control of the OCC and other government entities, is in circulation. Correspondence may be distributed via e-mail, fax, or postal mail. Any document claiming that the OCC is involved in holding any funds for the benefit of any individual or entity ... Read More »

              Beware of Counterfeit Cashier’s Checks from GreenBank, Capital Bank in Tennessee

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              This alert has just been issued. Apparently scammers are sending out counterfeit cashier’s checks issued in the name of GreenBank (now Capital Bank, N.A.) and using a correct routing number of 064201832 are being presented for payment nationwide in connection with various Internet scams. Counterfeit items closely resemble the bank’s authentic cashier’s checks but may be identified by the following: ... Read More »

                FTC Gets Contempt Ruling Against Promoter of Credit Repair and Debt Relief Services

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                At the request of the Federal Trade Commission, a U.S. district court issued a contempt ruling against promoters of credit repair, debt relief, and food stamp services who violated a 2010 settlement with the FTC. The court ordered the defendants to pay for refunds to consumers they harmed, in violation of the court order. The court also modified the original ... Read More »

                  Fake Debt Collectors from India, Stopped

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                  In December of 2009 I wrote Frightening Calls From Fake Debt Collectors Threaten People With Jail for Payday Loans. It’s a Scam. Since that time people have been receiving an increasing number of brazen calls from fake and phony debt collectors threatening jail or arrest. The names and telephone numbers these fake debt collectors literally scared the money out of ... Read More »

                    Wasden Warns of Reported Mortgage Settlement Scams

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                    Attorney General Lawrence Wasden today warned Idahoans to be cautious of scam phone calls and e-mails related to the recent multistate mortgage servicer settlement. Citizens throughout the country have reported to the multistate group that they have been contacted by callers claiming to have a list of consumers who are eligible for money from the settlement. The caller asks for ... Read More »

                      Scam Alert – Beware of People Promising Help or Money From Mortgage Company Settlements

                      It appears consumers are receiving calls from telemarketers claiming they are eligible to receive part of the $25 billion settlement a number of states reached with mortgage servicers and foreclosure servicers. Callers are requesting the bank account information to direct deposit funds into the consumers account from the government settlement fund. It is a scam. Funds will not be deposited ... Read More »

                        Mortgage Relief and Debt Relief Scammers Lose Yacht, Cadillac, and Rolex in Judgment

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                        The Federal Trade Commission has just announced some stiff penalties against participants in it’s action against U.S. Mortgage Funding, Debt Remedy Partners, LowerMyDebts.com, David Mahler, John Incandela, Jonathan Incandela, and Jamen Lachs. – Source At the request of the Federal Trade Commission, a U.S. district court put the mortgage relief business permanently off limits to marketers who allegedly charged thousands ... Read More »

                          Attorney General’s Office sues four foreclosure rescue companies

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                          Indiana Attorney General Greg Zoeller will file four more lawsuits this week against mortgage rescue companies accused of scamming Indiana consumers out of thousands of dollars. These four lawsuits raise the total number of actions taken against foreclosure rescue companies to 95 since 2006. Strategic Alliance of California, National Financial Services of Texas, United Capital of Maryland and LA Strattan ... Read More »

                            Credit Card Interest Rate Reduction Scam Nailed in Canada-U.S. Sting

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                            The Federal Trade Commission has reached a settlement with four of the defendants in an allegedly phony debt relief services operation that claimed that, for $995, it would dramatically reduce consumers’ credit card interest rates. Under the settlement, reached as part of the FTC’s continuing efforts against frauds that target financially strapped consumers, the defendants will be banned from robocalling ... Read More »

                              Moneymaker Payday Lender Scam Halted by FTC to Stop Sales of Worthless Programs

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                              The Federal Trade Commission has stopped an operation that targeted payday loan seekers and charged them for worthless programs without their consent. A settlement order, reached as part of the FTC’s ongoing efforts to stamp out online fraud, requires the defendants to pay more than $9.9 million and bans them from marketing negative-option programs, which charge recurring fees until a ... Read More »

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