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FTC Goes After More in Alleged Credit Card Interest Rate Reduction Scam


The Federal Trade Commission continued its crackdown on credit card rate reduction scams by adding eight new defendants to a case the agency brought last year, including a payment processor it alleges assisted in the fraud. The FTC filed an amended complaint against the defendants behind the firm Treasure Your Success (TYS), which allegedly made deceptive “cardholder services” robocalls, promising ... Read More »

    Innovative Wealth Builders in FTC News Again With Independent Resources Network

    Screen Shot 2013-06-05 at 12.49.10 PM

    It seems like forever Ive been writing about Innovative Wealth Builders and all the unhappy consumers that feel for their debt relief pitch. But it looks like the FTC has taken a step against their payment processor that could have ramifications in other parts of the debt world with payment processors and escrow companies. According to the Federal Trade Commission ... Read More »

      Mass Joinder Leader Mitchell Stein Found Guilty and Behind Bars for Years

      mans hands behind bars in jail or prison

      A tipster just let me know that Mitchell Stein, the California attorney who was leading the charge selling consumers access to lawsuits to sue their lenders in a mass joinder action, was taken into custody today in court when he was found guilty on 14 counts in Florida today. Here is what the tipster said, “Mitchell J. Stein (Spire Law ... Read More »

        FTC Catches Bogus Tech Support Scam and Then Finds a Debt Relief Company


        The Federal Trade Commission announced a settlement over a bogus tech support service and accidentally found a debt relief company that was violating the Telemarketing Sales Rules in the process. Mikael Marczak, doing business as Virtual PC Solutions, and Sanjay Agarwalla were among the subjects of a series of six complaints filed by the FTC last September as part of ... Read More »

          Infomercial Pitchman Kevin Trudeau Claims He’s Too Broke to Pay Millions in Sanctions

          Free Money

          Kevin Trudeau is best known on this site for his books targeted towards those in financial trouble, including “Debt Cures” and “Free Money “They” Don’t Want You to Know About.” On March 6, 2013 U.S. District Court Judge Robert Gettleman issued an opinion and order that describes how Kevin Trudeau has been dodging his $37 million sanction he was ordered ... Read More »

            Consumers in Life and Money Trouble More Likely to be Scammed


            Consumers who were more willing to take risks and those who had recently experienced a negative life event (such as a divorce, death of a family member or close friend, serious injury or illness in their family, or the loss of a job) were much more likely to have been victims of fraud and scams. Consumers who indicated they had ... Read More »

              FTC Takes Action Against Company That Hits Cell Phone Users With Charges


              The Federal Trade Commission has taken legal action to shut down an operation that allegedly took in millions of dollars from placing charges on consumers’ mobile phone bills, many of which were “crammed” or unauthorized charges. The complaint against Wise Media, LLC, Brian M. Buckley and William J. Deloney is the first FTC case against mobile cramming and part of ... Read More »

                Fidelity Land Trust Sued to Give Title Back to Homeowner


                Kimberly Miller with the Palm Beach Post is reporting at least one homeowner is suing Fidelity Land Trust. “Kenneth and Joycelin Morgan filed a lawsuit last week against Fidelity Land Trust Co. and affiliated firms, saying they thought they were signing up for help reducing their mortgage amount but instead were deceived into a contract that cost them $5,000 upfront, ... Read More »

                  FTC Stops Scam That Charged Companies for Bogus Online Directory


                  At the Federal Trade Commission’s request, a federal judge has temporarily halted a Slovakia-based operation that allegedly tricked small businesses and non-profits into collectively paying millions of dollars to be listed in an online directory in which they had no interest in being listed and for which they did not understand they would be charged. The FTC is seeking to ... Read More »

                    Remember the Spam Text Warning? FTC Shuts Them Down.


                    Previously I reported on spam text that were being sent to consumers, claiming that people had one a major gift card. However the fine print showed that “winners” would have to apply for products and services including financial services and debt relief. See these stories, Best Buy Giftcard Spam Text – Scam Alert, Avoid Spam Text Message, and ... Read More »

                      Veterans Target of Financial Scammers – Beware


                      The Federal Trade Commission warns veterans and their families: Be wary of dishonest advisers offering “free” help with paperwork for pension claims. Unscrupulous lawyers, financial planners and insurance agents advise veterans over 65 to transfer their assets to a trust, or to invest in insurance products, so they can qualify for Aid and Attendance benefits. By following their advice, you ... Read More »

                        FTC Halts Financial Scam That Targeted Vulnerable Consumers


                        At the Federal Trade Commission’ request, a federal court has temporarily halted an operation that allegedly used an intricate web of concealment to debit hundreds of thousands of consumers’ bank accounts and bill their credit cards more than $25 million without their consent. The court also froze the defendants’ assets and appointed a receiver to control the business pending trial. ... Read More »

                          BBC National Lottery Emails Are a Scam. Warn Others.


                          Readers keep sending in emails, like the one below, wanting to believe it is real. It’s a scam and typically results in a request for the recipient to pay some fee to get their prize. The scammers can’t even spell correctly. From:BBC NATIONAL LOTTERY To: Date:12/14/12 Subj: CONGRATULATION,DEAR WINNER OPEN THE ATTACHED FILE FOR DETAILS. KINDLY DOWNLOAD THE ATTACHED FILE ... Read More »

                            Raspberry Ultra Drops – Fox News Scam Page


                            WARNING: Emails are going out that contain links that lead to You can see a copy of that page below. It is a scam site and the Federal Trade Commission has previously shutdown other companies making similar claims about similar products using fake news sites. This site uses Fox News, Dr. Oz, Los Angles Times, ABC News, and HuffPost ... Read More »

                              USA Payday Loan Scheme is a Total Scam. Run Away.


                              A reader just filed a consumer complaint about a company called USA PaydayLoan. You can read it here. The consumer alleges they applied for an online payday loan through and was contacted by telephone. They state they were told they were approved for a loan but had to pay an advance fee. Unfortunately the consumer purchased a prepaid card ... Read More »

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