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YachtOne Fraudster Pleads Guilty To Yacht-Investment Scam

On January 6, 2012, Alton Milton pleaded guilty to wire fraud in connection with a yacht-investment scam and could face between 27 and 33 months in prison with three years of supervised release and ordered to pay over $886,000 in resitution. Milton admitted the details of his crime before the Judge last week. In approximately May 2004, Minton entered into ... Read More »

    The Cowboy Boot Money Smuggler Pleads Guilty To $19 Million Fraud

    Scam Tip Number 48201: Don’t Smuggle Money In Cowboy Boots It was announced yesterday that Christopher Warren pleaded guilty to one count of wire fraud and one count of aggravated identity theft in a related $19 million fraud scheme. According to court documents, Warren was indicted in 2009 after defrauding lender Taylor, Bean & Whitaker of over $7 million and ... Read More »

      Leader Of The 586 Social Security Scam Sentenced

      On Monday the leader of a large scale identity theft fraud ring and a co-conspirator plead guilty and admitted roles in a fraud enterprise. Sang-Hyun (“Jimmy”) Park pleaded guilty to a five-count Information that charged him with conspiracy to unlawfully produce identification documents, conspiracy to commit wire and bank fraud, aggravated identity theft, money laundering and conspiracy to defraud the ... Read More »

        Largest Recruiter Of Shapiro’s $930 Million Ponzi Scheme Sentenced

        Sydney Jack Williams of Naples, Florida was sentenced today to a year and a day in prison for failing to report more than $12 million to the IRS in related commissions received in Nevin Shapiro’s $930 million Ponzi scheme. Williams previously plead guilty to an Information that charged him with one count of subscribing to a false tax return. During ... Read More »

          Debtone Financial Solutions – Consumer Complaint – 1-10-2012


          Date This Problem Happened: January 9, 2007 State You Live in: Alaska Race/Ethnicity: White Age Range: 51-65 Total Amount of Fee Paid: $2,468.68 Company Name: Debtone Financial Solutions Company Address: 3605 Long Beach Blvd Suite 416 Long Beach, CA 90807 Company Telephone Number: 562-424-2445 Website of Company: Consumer Statement: In 2007 I paid DEBT ONE A money management company ... Read More »

            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: 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


                        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: 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 »

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