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Tag Archives: economics

The Flucker Family Fraud Affair

A family of fraudsters have been sentenced after finding guilt in the connection with a massive “affinity” fraud scheme where around 2,000 victims were swindled out of about $10.7 million. Father, Roy Fluker, Jr., was sentenced to 15 years in prison while his son, Roy Flucker, III and his daughter Ronnanita Flucker each got 8 year sentences after being convicted ... Read More »

    Unstructured “Structuring” Scam

    James Quirin has been charged with an alleged theft of government funds on September 29, 2011 for fraudulent unemployment insurance benefits. Apparently, Quirin applied for Unemployment Insurance benefits in February, 2009, even though he was a gainfully-employed businessman receiving significant income. Quirin and several of his businesses were sued in federal court. Just before he was ordered to post an ... Read More »

      Should We Eliminate Consumer Debt For Everyone and Start the Economy Over

      Randy steps forward with a solution to fix the desperate financial state everyone finds themselves in. The town gets behind him and everyone starts to live a life that no longer depends on any economy at all. Meanwhile an unlikely savior makes the ultimate sacrifice to solve everyones problems.

      As crazy as this idea sounds, one thought floating around right now is that of forgiving large tracts of consumer and mortgage debt to swiftly deal with the debt problem in the country today so we can get consumption back on track. As long as consumers are buried in debt, and they are, with little growth there is no “little ... Read More »

        Debt Settlement: Top Ten Most Misunderstood Facts

        Ready to Collapse

        Over the past few years debt settlement has been in the news, not always in a good way. Many consumers have complained about the services they’ve received while some have been very happy. Much of the disparity in the perception of the service is due to misconceptions about the process itself. So here are the top ten misconceptions I see ... Read More »

          Surviving With Less Credit

          Ready to Collapse

          At ByDesign Financial Solutions, a debt-counseling service in Modesto, Calif., they’re working overtime these days. “Our call volume went up 97% in the past five weeks, which has left us scrambling,” says Martha Lucey, president of the nonprofit agency. “[The callers] are close to the max on their credit cards, and they just can’t figure out how to manage. We’ve ... Read More »

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