Much of what we read is all high-level safe stuff about what people should do when facing tough economic times. And a whole lot of that advice is good for the masses, but what about what is best for the individual, you. The government wants consumers not to lose confidence during tough times. The economy …
Question: Dear Steve, Initially LTD insurance company (Prudential) sent me an invoice for a claim overpayment of $19,767.00 once I received social security disability. I knew I owed that and immediately paid it via check. They mailed me a receipt that says, “We have received your check . . . the overpayment on this claim …
Owning your own home used to be the American dream. But today, the aftermath of the mortgage crisis, the burden of student loans, and a mobile workforce have combined to encourage more Gen-Yers and Millennials to rent instead of buy. No matter what the reason you’re renting, it’s important to understand why you need renter’s …
Dr. Ira Klein, a physician in Houston, Texas, was sentenced in 2007 to federal prison for defrauding insurance companies of more than $10 million. He, like so many criminals before him, has appeared in federal court again for a re-sentencing hearing. A federal jury convicted Klein in November 2006 of 18 counts of mail fraud …
Americall, an Illinois-based telemarketing firm will pay $500,000 civil penalty to settle Federal Trade Commission (FTC) charges that it interfered with consumers’ requests to be placed on company-specific do not call lists and transmitted deceptive Caller ID names. The FTC alleged that Americall Group, Inc violated the FTC’s Telemarketing Sales Rule (TSR) in it’s efforts …
Yesterday it was announced in Illinois that Edward Lynn Moskop was sentenced to the maximum statutory penalties of 240 months in prison for mail fraud and 120 months for money laundering. This 360 month (30 year sentence) sentence is to be served concurrently followed by three years supervised release after. The sentence follows Moskop’s guilty …
Certified public accountant (CPA) and alleged outside auditor for Provident Capital Indemnity (PCI), Jorge Luis Castillo, plead guilty last week for his role in a $670 million fraud scheme effecting victims across the country and abroad. Castillo plead guilty to conspiring to commit mail and wire fraud, which carries a maximum penalty of 20 years …
I don’t understand why people scam people. I don’t understand why people defraud companies. It just doesn’t make much sense to me. Can’t we all just be honest? And hug it out? With a heavy sigh I bring to you today the report of Dinesh Sethi who pled guilty in federal court on September 22, …
A&O Resource Management Ltd ‘s co-founder and part-owner were sentenced this past week in federal court for their roles in a $100 million life-settlement fraud scheme. Part-owner, Adley Abdulwahab (pictured below), was sentenced to 60 years while co-founder, Christian Allmendinger got a 45 year sentence. Apparently, the two men took place in selling “bonded life …
I love England. I had the good fortune to live there for almost 2 years and I found the people delightful, to observe. This is one of the reasons I’m fascinated with the british subjects. Anthony McErlean, age 66, faked his own death in Honduras and then tried to collect £520,000 from an insurance company, …