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Scam Reporter

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 »

                  Nationwide Financial Consulting – Consumer Complaint – 1-4-2012

                  nationwidefinancialconsultingllc.com (20120104)

                  Date This Problem Happened: November 2, 2011 State You Live in: Ohio Race/Ethnicity: White Age Range: 65+ Total Amount of Fee Paid: $750 Company Name: Nationwide Financial Consulting Company Address: 4952 Warner Ave Huntington Beach, CA 92649 Company Telephone Number: 714-377-9777 Website of Company: nationwidefinancialconsultingllc.com Consumer Statement: have called the number 1-877-717-0940 no answer. Can’ t even leave a message ... Read More »

                    Six Hundred Out Of $74 Million In Ponzi Scheme

                    Douglas Vaughan faces 10 to 12 years in prison after pleading guilty to wire and mail fraud charges that involved his operation of a “Ponzi” scheme where he defrauded around 600 investors of more than $74 million. Vaughan promised extraordinary returns which he obviously did not follow through with. In February of 2011, in an indictment alleging that, between 2005 ... Read More »

                      Fraudster Deported Back To United States To Face $3.2 Million Fraud Charges

                      This past New Year’s weekend Joseph Randall Medcalf was deported by Panama officials back to the United States after being charged with defrauding investors of $3.2 million. Medcalf fled the country back in 2008 after filing for personal bankruptcy in 2007 in order to discharge debts related to his scheme. According to the indictment, between May of 2002 until October ... Read More »

                        Direct Loan – Consumer Complaint – 1-4-2011

                        MyEdAccount.Com---Borrowers (20120104)

                        Date This Problem Happened: April 1, 2011 State You Live in: California Race/Ethnicity: White Age Range: 36-50 Total Amount of Fee Paid: Company Name: Direct Loan Company Address: P.O. Box 5609 Greenville, TX 75403-5609 United States Company Telephone Number: 800-848-0979 Website of Company: myedaccount.com Consumer Statement: I applied for a consolidation of all my loans because the FIDM loan counselor ... Read More »

                          Diana/Mary Perez – Consumer Complaint – 1-3-2012

                          Ready to Collapse

                          Date This Problem Happened: May 6, 2008 State You Live in: New York Race/Ethnicity: Age Range: 21-35 Total Amount of Fee Paid: $115 Company Name: Diana/Mary Perez Company Address: 11050 Fancher Rd #19 Westerville, Ohio 43082 Company Telephone Number: 614-775-0285 Website of Company: Consumer Statement: The seller who goes by the name Diana/Mary Perez has been giving me the run ... Read More »

                            Attorney Sentenced In $50 Million Bank Fraud

                            Kevin Harold Lewis was sentenced to 121 months incarceration to be followed by three years of supervised release for bank fraud. Lewis was also ordered to pay $33,826,326 in restitution. An additional amount of restitution will be considered after briefs are filed regarding the loss to Centennial Bank of Cabot, Arkansas. Lewis was ordered to report to the Bureau of ... Read More »

                              Thomas Stefanszky with Principal Financial Partners – Consumer Complaint – 12-30-2011

                              Ready to Collapse

                              Date This Problem Happened: November 11, 2010 State You Live in: Arizona Race/Ethnicity: White Age Range: 36-50 Total Amount of Fee Paid: $3,495 Company Name: Thomas Stefanszky with Principal Financial Partners Company Address: P.O. Box 543 7150 East Camelback Rd Castle Rock, CO 80104 Company Telephone Number: 303-621-8059 Website of Company: addventfunding.com Consumer Statement: I gave $3495.00 to get a ... Read More »

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