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Jewelry Store and Pawnshop Owner Charged With Running Ponzi Scheme

Yesterday in Miami, Luis Felipe Perez was sued by the Securities and Exchange Commission for defrauding primarily Hispanic consumers by investing money for fixed returns. From 2006 until June 2009, Perez raised approximately $40 million in a Ponzi scheme affecting approximately 35 South Florida investors, many of whom were Hispanic. Using personal and family relationships while boasting of a successful ... Read More »

    Do It Yourself Guide to Credit Reports: 10 Ways to Improve Your Credit

    Ready to Collapse

    So your credit’s not so hot. A few late payments, maybe an account or two that went to collections. What’s the big deal? As you’ve probably found out, it may be a very big deal. You’ve probably already been turned down for the best credit cards and maybe you’ve had trouble getting a car loan. Perhaps you’ve even put off ... Read More »

      Breaking Down the Misleading and Deceptive Financial Sales Pitch From the Get Real With Dave Burke Radio Show

      I admit, using the words misleading and deceptive is pretty strong language to use to describe a radio show. In this case it is the “Get Real With Dave” Dave Burke radio show. Burke has been on the air buying time for at least a couple of years. Until May, 2010 he was pitching his radio shows as “Real Talk ... Read More »

        Construction Company Avoids Having Their Bank Account Artificially Stimulated

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        A Nebraska construction company avoided being scammed out of thousands of dollars, thanks to the help of its bank. The company, Midcon Construction Inc., received a letter April 20 that appeared to be from the U.S. Department of Transportation. The letter requested the company provide financial information to be eligible for procurement. The employee faxed Midcon’s bank account number and ... Read More »

          Avoid Automated Calls Promising to Reduce Interest Rates

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          FTC Warns Against Credit Card Interest Rate Reduction Scams U.S. consumers are being inundated with prerecorded “robocalls” from companies claiming they can negotiate lower credit card interest rates – for a fee. The Federal Trade Commission urges extreme skepticism about these offers, because many of them are fraudulent. In a new consumer alert, Credit Card Interest Rate Reduction Scams, the ... Read More »

            Mother-Daughter Team Pretend to be from Credit Card Company and Call Widowers for Money Owed by Deceased Spouse

            turnbo

            A mother and daughter team out of Niles Michigan, 44-year-old Bettye Turnbo of Niles and her daughter, 27-year-old Christina Turnbo were arrested after they had been using the obituaries to call the surviving spouses of dead seniors and telling them the dead spouse owed money and they had to pay up. The Turnbo’s allegedly then asked for a blank check ... Read More »

              Mom Get Credit Card Hijacked by Golden Bunny in Farmville

              Farmville Cash Pit

              Alright, it was her son and not a golden bunny but still, probably just as cute. The story is a 12 year old kid from the UK managed to steal his mother’s credit card and run up £905 ($1,373) worth of charges in an otherwise free game, Farmville. You can read the whole sordid tale, here. Read More »

                Fake Attorney Scamming Gas Money in the Monkey Junction Area

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                Truth is much better than fiction. This recent article from Star News proves the point. “The New Hanover County Sheriff’s Office is warning that a man claiming to be an attorney and asking for gas money in the Monkey Junction area is perpetrating a scam. In the past few days, three people in the Monkey Junction area have been approached ... Read More »

                  Eric Farrington’s Wealth Building Seminars – BUSTED

                  eric

                  Eric Farrington is but yet another in a long line of get rich quick promoters to wind up on the wrong side of the law. Farrington has a Dallas based wealth building seminar business where he brags that “While homeless himself, Mr. Farrington was able to take $750.00 and purchase a 1000 unit apartment complex.” – Source So let’s flash ... Read More »

                    Owner of Motorcycle Shop in Pennsylvania Found Guilty in Selling 9-11 Bogus Raffle Tickets

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                    Investigators said in 2001 Corradini ran a bogus raffle out of North East Iron Horse, his motorcycle shop along Main Street in Bloomsburg. The prize was a brand new motorcycle. The proceeds were supposed to go to New York City firefighters who responded to the terrorist attacks on September 11.   Read More »

                      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 »

                        Foreclosure Scam Ringleader Faces 49 Years Behind Bars

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                        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

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                            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 »

                              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 »

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