Return-A-Pet Scam Preys On Victims Of Lost Pets

It’s annual pet scammer week! That’s a lie. But it sure feels like it. Eric Stein was charged with running an investment scam through Return-A-Pet LLC. Return-A-Pet was a New York company that allegedly facilitated the return of lost pets to their owners. Stein was out on supervised release for a previous investment fraud scheme … Read more

Consumer Warning: Bureau Of Prescription Health Charging For Free Assistance

If you’ve been doing business or contemplating doing business with the Missouri-based Bureau of Prescription Health the Better Business Bureau (BBB) is advising consumers to avoid this company. The Bureau of Prescription Health sounds like a trustworthy and reputable company (mainly because of the use of the word “Bureau”) but are in fact charging consumers … Read more

Corrupt Criminal Club: Member’s Only

On Wednesday of last week word broke about the largest insider trading scheme involving single stock charged to date. Three defendants have pled guilty and are cooperating with the government’s investigating a scheme that allegedly netted more than $61.8 million in illegal profits. Charges were announced against seven investment professionals, who worked at three different … 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 … Read more

Planning to Buy Foreclosed Nevada Home for Retirement. – Danel

Husband is retiring next year. Plan to buy a foreclosed house in Nevada for retirement. My husband got meager amount of money saved at Tiaacref. He wanted to take out $80,000 from that retirement fund, give daughter $30,000 to buy her own house and use $50,000 to put down or buy a foreclosed house in … Read more

Ding-Dong The Grant Connect Is Dead! FTC Wins $29.8 Million

Last month I wrote about the Federal Trade Commission (FTC) and their halting of the operation “Grant Connect” which was a program that deceived and mislead consumers about bogus products and services with unsubstantiated claims. The program marketed free government grants endorsed by President Obama, dietary supplements endorsed by Oprah, fake work-at-home opportunities and exclusive … Read more

Treasury Reports An 88 Percent Increase In Mortgage-Fraud Since 2010

Banks are re-examining loans that took place during the housing boom and are now finding problems which has resulted in a large jump of reported mortgage-fraud. Reports are showing an 88 percent jump in the second quarter according to the Treasury Department. “Most of the mortgages suspected of fraud closed during the height of the … Read more