Posts tagged as:

fraud

Beware false charities

May 20, 2009

Some scammers have no shame, and will take advantage of your kind and giving nature for their own personal gain. Numerous shysters have seen the advantage of pretending to be a charity in order to get their grubby hands on your sympathetic cash.
But today the FTC is cracking down. It is starting a nationwide sweep targeting [...]

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Credit Card Skimming: How thieves can steal your card info without you knowing it

April 7, 2009

Fantastic gallery of card skimmers. Credit Card Skimming: How thieves can steal your card info without you knowing it | NetworkWorld (via Consumerist)

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Airbag fraud (Auto Fraud Week)

February 13, 2009

Failure to replace airbags in rebuilt cars is real and very deadly problem. NPR has a great article on airbag fraud. According to NPR, the National Highway Traffic Safety Administration reviewed 1,446 fatal crashes and found that in 255 of those cases, the air bags had not been replaced after a previous accident. Unknown is [...]

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Long lines, glitches reported during early voting

October 24, 2008

Long lines, glitches reported during early voting | CNN

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The FTC Will Never Ask You For Money Because You Won The Lottery. We Promise.

October 24, 2008

The FTC Will Never Ask You For Money Because You Won The Lottery. We Promise. | Consumerist

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Torching your car is not a financial plan

October 13, 2008

Okay, we all get it. You are sick of driving around in that rolling bad decision of an SUV while your bank account cries out for relief. And hey, you could use a fat insurance check to help you pay down your credit card debt. But burning your SUV is not a good plan.
For one [...]

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Debt Collector Uses Consumer’s Debit Card Information for Spending Spree

October 6, 2008

Debt Collector Uses Consumer’s Debit Card Information for Spending Spree | Consumer Law & Policy

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Millions at Risk of Foreclosure Fraud

September 22, 2008

Millions at Risk of Foreclosure Fraud | The Red Tape Chronicles

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Fake Debt Collectors Terrify Consumers

August 21, 2008

“Scammers masquerading as debt collectors and law enforcement officials have terrified consumers with threatening phone calls and bilked them out of thousands of dollars, officials with the West Virginia Attorney General’s Office say. ” Fake Debt Collectors Terrify Consumers | ABC News (via Consumerist)

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Financial advisor scams $400k from elderly couple

July 8, 2008

Joseph W. Hughes was a financial services rep for AXA Advisors, and represented an elderly couple. The husband suffered a stroke in 2005, which Hughes took as his cue to start pillaging their account. Instead of investing their money, he spent it on jewels, country club fees, and a 1969 Chevy Nova.
And now he faces [...]

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Ex Countrywide Manager Exposes Its Lies

June 30, 2008

Today Show: “So, Countrywide employees were coaching them to lie?” Insider: “Yes.” Ex Countrywide Manager Exposes Its Lies | Consumerist

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Hundreds of brokers netted in FBI sweep

June 19, 2008

Hundreds of brokers netted in FBI sweep Arrests include two former Bear fund execs charged with fraud | MSNBC

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Defendants in Debt Collection Scheme Aimed At Hispanics Agree to Settle FTC Charges

June 5, 2008

“Two defendants have agreed to settle Federal Trade Commission charges for allegedly victimizing Spanish-speaking consumers nationwide by posing as debt collectors seeking money the consumers did not owe.” Defendants in Debt Collection Scheme Aimed At Hispanics Agree to Settle FTC Charges [FTC News]

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Car buying 101 on YouTube

June 4, 2008

Consumers for Auto Reliability and Conscious Youth Media Crew in California put together Insider Car Report a very good quick look at car buying. Its worth a look and of course there are all the link to similar clips.

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Court fined two individuals and one corporation $530,000

May 7, 2008

The New Jersey District Court fined two individuals and one corporation $530,000 for calling consumers who registered with the national Do Not Call registry and for spoofing caller ID information. (Telemarketers are required to transmit accurate caller ID information or none at all.)
(Thanks, Jason!)

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Surprise Surprise . . . mortgage rescue scams on the rise!!!

March 24, 2008

Surprise Surprise . . . mortgage rescue scams on the rise!!! Beware of anyone offering to rescue your home from foreclosure. If you are tempted, find a consumer lawyer to review the deal prior to closing.

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Mortgage securitizers fiddle as Rome burns

February 7, 2008

The NYTimes has a piece on the 5th Annual Conference of the American Securitization Forum held in Las Vegas. These are the guys who played a major role in bring us the current foreclosure mess. Well while the rest of the country and the world for that matter mucks its way out of the mess [...]

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F.B.I. opens subprime inquiry

February 4, 2008

I guess better late than never. The NYTimes is reporting that the Federal Bureau of Investigation has opened criminal inquiries into 14 companies as part of a wide-ranging investigation of the troubled mortgage industry. The F.B.I. is supposedly looking into possible accounting fraud, insider trading or other violations in connection with loans made to borrowers [...]

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New financial plan: walk away from your mortgage

January 29, 2008

I am torn. I don’t know whether I should post this link or hope it dwindles into obscurity (unlikely). The website says it all:

You Walk Away promises to help homeowners walk away from their current mortgage with no debt, no strings, and says ballsy things like this:
You will immediately know the exact amount of days [...]

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Subprime rescue plan: few get “rescued”

December 6, 2007

While it is good news that the government will not bail out lenders, President Bush’s announcement today of his plan to deal with subprime loans. As it turns out, the plan is pretty limited. The only borrowers who will be able to take advantage are those whose adjustable-rate mortgage has not yet adjusted. The plan [...]

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