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Scam Reporter

Romanian Citizen Busted For $1.5 Million Fraud Ring Of HSBC Customers

Last Thursday it was announced that Laurentiu Ilian Bulat was arrested yesterday for allegedly participating in a fraud ring that stole at least $1.5 million from HSBC customer bank accounts by installing “skimming” devices on more than 40 ATMs in Manhattan, Long Island, and Westchester, New York. According to the Complaint since May 2011, the U.S. Secret Service, together with ... Read More »

    Fraudster Sentenced After Defrauding Victims In Investment Fraud

    James DeAngelis was sentenced last week to 57 months in prison for participation in a fraud investment scheme where he defrauded more than 15 victims out of $800,000. In May of 2011 DeAngelis pled guilty to conspiracy to commit mail and wire fraud, wire fraud, ad conspiracy to structure financial transactions to evade reporting requirements. According to the court documents ... Read More »

      Guardian Law Group – Consumer Complaint – 1-9-2012

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      Date This Problem Happened: May 4, 2011 State You Live in: California Race/Ethnicity: White Age Range: 36-50 Total Amount of Fee Paid: $1,567.56 Company Name: Guardian Law Group Company Address: 8605 Santa Monica Blvd Suite 99022 Los Angeles, CA 90069 Company Telephone Number: 818-435-2460 Website of Company: guardianlawgroup.net Consumer Statement: I contracted with this company for debt settlement services on ... Read More »

        Nationwide Financial Consulting – Consumer Complaint – 1-9-2012

        Ready to Collapse

        Date This Problem Happened: November 25, 2011 State You Live in: Washington Race/Ethnicity: White Age Range: 51-65 Total Amount of Fee Paid: $750 Company Name: Nationwide Financial Consulting Company Address: 4952 Warner Ave Suite 100 Huntington Beach , CA 92649 Company Telephone Number: 714-377-9777 Website of Company: Consumer Statement: Nationwide financial consulting promised to get my home mortgage restructured.they charged ... Read More »

          Your 2012 New Year’s Resolution: Don’t Get Scammed!

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          History repeats itself. Fact. George Santayana once stated, “those who cannot remember the past are condemned to repeat it.” This fact holds true with every aspect of one’s life, especially in one’s financial life. And especially in the world of scams. If you’re not up to date and familiar with the latest scams and schemes circulating the financial world, chances ... Read More »

            Envelope Please! The Top Ten Scams Of 2011 Are In!

            Every year the Better Business Bureau investigates hundreds of thousands of scams, from the novel to the old. Recently they compiled and published a list of the top ten scams of 2011 including nine major categories and a “Scam of the Year” category. Curious? Here’s what the BBB has listed: “Top Job Scam BBB sees lots of secret shopper schemes, ... Read More »

              Nationwide Financial Consulting – Consumer Complaint – 1-6-2012

              nationwidefinancialconsultingllc.com (20120106)

              Date This Problem Happened: November 7, 2011 State You Live in: Arizona Race/Ethnicity: White Age Range: 51-65 Total Amount of Fee Paid: $750 Company Name: Nationwide Financial Consulting Company Address: 4952 Warner ave, suite 100 Huntington Beach, CA 92649 Company Telephone Number: 877-717-0940 Website of Company: nationwidefinancialconsulting.com Consumer Statement: I paid them $750.00 and a lot of personal info. for ... Read More »

                Holy Fraud, Batman! Literally…

                Yesterday, an Ohio resident was indicted for allegedly engaging in a fraud scheme that promised to fund more than $500 million in mortgage loans to around 20 churches and a dozen small businesses across the country. The man, Jamal Lawson, fraudulently obtained more than $300,000 in advance fees that he used for personal expenses instead of securing loans as he ... Read More »

                  Four Israeli Residents Charged With Phony Lottery Prize Scheme Extradited To US

                  It was recently announced that four defendants have been extradited from Israel on charges relating to their participation in multiple lottery telemarketing fraud schemes. The schemes targeted elderly victims in the United States and netted millions of dollars in profits. In July of 2009 three of the extradited defendants, Avi Ayache, Yaron Bar, and Ian Kaye, were arrested in Israel ... Read More »

                    Upromise And FTC Settle Charges Over Internet Toolbar That Deceptively Collected Consumers’ Personal Information

                    If you have a child and are saving for their college fund, chances are you’ve heard of the company Upromise. Upromise is a company that offers consumers a membership service that allows them to save money for college. When consumers make a purchase or buy a service from a Upromise partner merchant they then receive rebates that are placed into ... Read More »

                      FTC Bans Landmark Clearing From Using Remotely Created Payment Orders

                      It was announced today that a Federal Trade Commission (FTC) action has banned a payment processor from using a new payment method to debit accounts after allegedly debiting millions from consumers’ bank accounts without their consent. Payment processors provide merchants with the ability to obtain customer payments for products and services via electronic banking. According to the FTC’s complaint against ... Read More »

                        Investment Advisor Defrauds Clients Out Of Retirement Funds

                        Apparently an Illinois investment advisor, Steven Salutric, engaged in an investment fraud that swindled the retirement savings of 10 elderly clients to lose more than $4.26 million. Salutric was charged with one count wire fraud in a criminal information filed in late December of 2011. Apparently Salutric diverted clients’ funds to his personal business associates and to entities in which ... Read More »

                          Debt Restructuring of America – Consumer Complaint – 1-4-2012

                          Ready to Collapse

                          Date This Problem Happened: February 1, 2009 State You Live in: Florida Race/Ethnicity: White Age Range: 36-50 Total Amount of Fee Paid: Company Name: Debr Restructuring of America Company Address: 455 S Street Suite 11050 Louisville, Kentucky Company Telephone Number: Website of Company: DROA.com Consumer Statement: Signed up with DROA (Debt Restructuring of America) in 1/2009- suppose to assist with ... Read More »

                            Don’t Spit In That Cop’s Burger – MA State Trooper Arrested For Extortion

                            Yesterday Massachusetts State Trooper, John Analetto, was charged with extortion and loansharking relating charges including the collection of extension of credit by extortionate means. The complaint alleges that between Oct. 2011 to present, Analetto loaned money to a cooperating witness (“CW”) after learning of the CW’s outstanding debts to loansharks, in exchange for a percentage of the CW’s gambling business. ... Read More »

                              DSR Financial – Consumer Complaint – 1-4-2012

                              DSR Financial | 866-855-3121 (20120104)

                              Date This Problem Happened: February 15, 2011 State You Live in: Illinois Race/Ethnicity: Asian Age Range: 21-35 Total Amount of Fee Paid: $7,000 Company Name: DSR Financial Company Address: 2740 E. Oakland Park Blvd. Suite 300 Fort Lauderdale, FL 33306 Company Telephone Number: 866-953-0267 Website of Company: dsrfinancialus.swiftwebdesigner.com Consumer Statement: I joined a program with DSR Financial, LLC and they ... Read More »

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