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Consumers in Life and Money Trouble More Likely to be Scammed

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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

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    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

      a_kick_in_the_nuts

      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

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        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.

          scam

          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, Bxsy.biz Best Buy Giftcard Spam Text – Scam Alert, Avoid Free-BestBuy.com Spam Text Message, and ... Read More »

            Veterans Target of Financial Scammers – Beware

            Military

            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

              scam

              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.

                scam

                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

                  scam

                  WARNING: Emails are going out that contain links that lead to efx-news.com. 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.

                    scam

                    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 usapaydayloan.com 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 »

                      Forensic Loan Audit Mortgage Scam Settles FTC Charges

                      scam

                      The defendants behind an operation that allegedly preyed on vulnerable homeowners have agreed to settle Federal Trade Commission charges that they lured people into paying $1,995 or more by holding out bogus promises that they could help them avoid foreclosure and renegotiate their mortgages. The FTC’s settlement order against the Los Angeles, California-based Consumer Advocates Group Experts, LLC, company owner ... Read More »

                        American Tax Relief Scammers Agree to Pay Millions to Settle With FTC Over False Promises

                        ftc

                        Under an agreement with the Federal Trade Commission, the defendants in a scheme that allegedly bilked consumers out of more than $100 million by falsely claiming they could reduce their tax debts must surrender more than $15 million in cash and assets to settle charges that they violated federal law. Under the settlement order, American Tax Relief LLC and its ... Read More »

                          Scam Auto Loan Modification Companies Permanently Closed by FTC

                          ftc

                          In a settlement with the Federal Trade Commission, two California-based companies and their principals, who allegedly took hundreds of thousands of dollars from consumers, are banned from marketing auto loan relief or any other type of debt relief to consumers. The FTC filed charges against the companies – Kore Services LLC, doing business as Auto Debt Consulting, and NAFSO VLM, ... Read More »

                            California AG Arrests Three, Including Public Notary, in Mortgage Elimination Scam

                            California AG Seal

                            Attorney General Kamala D. Harris today announced the arrest of three suspects who have been charged in a mortgage fraud scheme targeting struggling Northern California homeowners. Six websites allegedly used by the suspects to advertise their scheme have been intercepted and redirected to a resource page on the California Attorney General’s website. The felony complaint alleges that Ronald Vernon Cupp, ... Read More »

                              Innovative Wealth Builders Finally Shutdown by FTC

                              ftc

                              Tampa Telemarketers Alleged to Have Falsely Promised To Save Consumers Thousands on Credit Card Debt At the Federal Trade Commission’s request, the U.S. District Court for the Middle District of Florida has temporarily shut down Innovative Wealth Builders, Inc. (IWB), which allegedly operated a credit card interest rate reduction scam, pending resolution of the FTC’s cases against the operation. The ... Read More »

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