Another Ponzi Scheme Bites The Dust: New Jersey’s Devine Wholesale

Investors lost more than $2 million in Jenifer Devine’s fictitious “Devine Wholesale” company. Between December of 2008 to September of 2010 Jenifer Devine contacted investors across the country telling them she’d fund her wholesale clothing and electronics business through their investments. Devine promised returns of up to 25 percent per investment and tempted investors to … Read more

Kansas Lawyer Gets 18 Months For Embezzling Almost $319,000 From US Veterans

Janell Jenkins-Foster, an attorney from Wichita Kansas, has been sentenced to 18 months in federal prison for embezzling money from veterans of whose finances she was managing. Jenkins-Foster now owes more than $318,899 in restitution. Jenkins-Foster pleaded guilty to two accounts of embezzlement from US veterans as she served as curator of their estates three … Read more

FBI Unravels Twenty Year A&M Investments Scam

For 20 years Monroe Beachy of Sugarcreek, Ohio has represented himself to as his company, A&M Investments, to investors as a safe and secure investment option. He has supposedly told investors that his company that he would invest their money in Ginnie Mae Bond Funds (mortgage-backed security issued by the Government National Mortgage Association) and … Read more

Fort Wayne, Indiana BBB Warns Of “Secret Shopper” Scam

Last week the Fort Wayne, Indiana BBB issued a warning of a scam affecting Engle Road’s Hilton Downtown and National Tube Form. Across the country people are receiving letters telling them they’ve been chosen as a Secret Shopper to complete a survey. A check of between $1,900 to $7,000 from National Tube Form is enclosed … Read more

Craigslist Scammer Targeting Renters In Need Of Housing

It was only a matter of time before a new Craigslist scam hit the news stands. This time police in Cedar Rapids, Iowa are dealing with a handful of complaints and reports since the spring of 2011 with a fraudster advertising a rental property to prospective renters on Craigslist.com. Personally, I’ve always been wary of … Read more

Pet Lovers Beware! SFO Warns Of Pet Scam E-mails

Officials at the San Fransicisco International Airport (SFO) have issued a scam warning about an e-mail going around offering to sell or ship pets from foreign countries to the U.S. through SFO. E-mails are coming from the e-mail address: [email protected] (Really… a live.com account? REALLY?) The e-mails are saying they are from airport’s “Pet Department” … Read more

Multimillion-Dollar Medicaid Fraud Settled With $150 Million

Richard West, a New Jersey resident and Vietnam veteran suffering from muscular dystrophy, relies on Medicaid benefits to pay his medical bills. During a visit to his dentist he was told that his benefits has maxed out. Shortly after he said his services were being cut back and he wasn’t receiving the care he needed … Read more

Grandparent Scam Strikes Again

Put yourself in the shoes of a caring Grandmother. Let’s say one day you receive a call from your grandson telling you they’ve been in an accident and are being held in jail in the Dominican Republic. They want you to keep their little debacle a secret but they need you to wire money to … Read more

Jersey Residents Targeted By Payment Security Administration Flood Scam

“Tornadoes, earthquakes and hurricanes, oh my!” Since April the East Coast has been hit with a handful of natural disasters that have left many at a loss when homes and personal items have been ruined if not destroyed. The natural disasters have left many scared, lost and vulnerable. Which are three characteristics scammers prey upon. … Read more

Mepco May Have Been In On US Fidelis’ Scheme The Entire Time

Earlier, in June of this year, we wrote about how the Atkinson brothers behind US Fidelis were handed indictments for felony charges including unlawful merchandising practices, stealing, and insurance fraud. The Atkinson’s sold vehicle repair coverage to consumers but according to the indictments allegedly kept refunds due to clients, charged excess fees not stated in … Read more

September 11th Con Artist Owes $3 Million For Fraud

In 2008, Mario Mastellone of New Jersey was convicted after defrauding the September 11th Victim Compensation Fund. He was found liable September, 12 2011 (ten years and one day after the 9/11 attacks) to the United Staes for more than $3 million in treble damages and civil penalties. – Source. The September 11th Victim Compensation … Read more

Operation Crystal Ball: Family Of “Psychics” Scams Believers Out Of $40 Million

Ten defendants that claimed to be clairvoyants, spiritual advisers and fortune tellers were charged August 16, 2011 in an indictment and further investigation titled, “Operation Crystal Ball.” The indictment and investigation focuses on the fraud committed by a group of individuals (most of which are related) in Fort Lauderdale, Florida claiming to have supernatural powers. … Read more

US Based International Clothing Retailer Rips Off Israeli Bank

Owner of New Century Enterprises Sentenced to Four Years In Prison For Defrauding Israeli Bank Loretta E. Lynch, the U.S. District Attorney Eastern New York and Janice K. Fedarcyk, the FBI’s New York Field Office’s Assistant Director, announced a four-year prison sentence handed down in the case against Kwong Hung Lam. On October 21, 2010, … Read more