• 10 States Where Foreclosure Is a Huge Problem

    Foreclosure activity in the U.S. declined 9.39% from February 2014 to February 2015, with one in every 1,295 housing units in some stage of foreclosure last month. That’s the lowest the national foreclosure rate has been since...

    • Posted March 26, 2015
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  • 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...

    • Posted January 26, 2012
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  • Contractors Beware! $99 Advance Fee Job Scam

    It was announced yesterday that the Better Business Bureau (BBB) is alerting contractors across the country to be on the look out for telephone solicitors attempting to convince them to sign up for an online program that...

    • Posted January 12, 2012
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  • Multi-Billion Dollar Securities Scam Surfacing On LinkedIn

    As of November 3, 2011 more than 135 million professionals around the world utilize and more than 14 million students and recent college graduates around the world are LinkedIn members as of October 2011 (Source). Many...

    • Posted January 11, 2012
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  • Holy Fraud, Batman! Literally…

    Yesterday, an Ohio resident was indicted for allegedly engaging in a fraud scheme that promised to fund more than $500 million in mortgage loans to around 20 churches and a dozen small businesses across the country. The...

    • Posted January 6, 2012
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  • Investment Advisor Defrauds Clients Out Of Retirement Funds

    Apparently an Illinois investment advisor, Steven Salutric, engaged in an investment fraud that swindled the retirement savings of 10 elderly clients to lose more than $4.26 million. Salutric was charged with one count wire fraud in a...

    • Posted January 5, 2012
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  • Americall Will Pay $500,000 To Settle FTC Charges

    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...

    • Posted December 27, 2011
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  • The Best Way To Sucker A Timeshare Owner Into Something (Other Than A Timeshare) Is A Way OUT Of A Timeshare

    Another Florida based telemarketing scam has arose under the name Universal Marketing Solutions and Creative Vacation Solutions targeting owners of timeshares throughout the United States. Last week, Joel Intravaia, of Florida was sentenced to 60 months in...

    • Posted December 15, 2011
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  • To Catch A Financial Predator

    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)...

    • Posted December 14, 2011
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  • On The Twelfth Count Of Mail Fraud My Scammer Gave To Me…

    In November, Steven Folan, of Florida, pleaded guilty to a thirteen count indictment charging him with one count of conspiracy to commit mail fraud and wire fraud and twelve counts of mail fraud. The indictment alleged that...

    • Posted December 6, 2011
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  • Krahl Construction Executives And Employees Indicted In Alleged Fraud And Kickback Scheme

    Construction company executives and employees, along with others, have been indicted in an alleged billing fraud and kickback scheme. Krahl Construction’s Principal owner and six of it’s top executives and employees along with two former employees of...

    • Posted December 1, 2011
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  • Transcontinental Warranty Fake Auto-Service Warranties Lands Execs In Prison

    After pitching $40 million in fake auto-service warranties two former telemarketing executives are sentenced to five years in prison and a fine of $15,000 each. Christopher Cowart and Cris Sagnelli of Florida pleaded guilty last December to...

    • Posted November 3, 2011
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  • 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...

    • Posted October 7, 2011
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  • It’s Been A Year Since The TSR – What’s Changed With Debt Settlement?

    A year ago this month the Federal Trade Commission (FTC) barred debt settlement companies that used telemarketing from accepting up-front fees. Although it’s been an entire year since this change we are still see companies trying sneak...

    • Posted October 4, 2011
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  • New Debt Settlement Law Signed Today in Illinois. Caps Fees.

    Illinois Governor Pat Quinn today signed a bill into law that establishes stringent guidelines and enhances consumer protections for Illinois families seeking help to pay overdue bills. The Debt Settlement Consumer Protection Act also creates a fund...

    • Posted August 3, 2010
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  • Texas Attorney General Office Speaks Up to FTC to Please Ban Advance Fees

    In a recent article I covered how debt settlement trade associations had returned to the FTC to make their pitch that banning advance fees for debt settlement services was a rotten idea. You can read that article...

    • Posted June 25, 2010
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  • Illinois Attorney General Madigan Sues Company Making Debt Reduction Promises

    Illinois Attorney General Lisa Madigan today filed a lawsuit targeting a telemarketing scam that promises to immediately reduce consumers’ credit card interest rates but ultimately fails to achieve any savings for consumers. “During these difficult economic times,...

    • Posted November 10, 2009
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  • Illinois Attorney General Cracks Down on Debt Settlement Industry

    Attorney General Lisa Madigan today took further action to reform an abusive debt settlement industry that wreaks havoc on financially strapped consumers who are increasingly desperate to manage their rising debts in these difficult economic times. Madigan...

    • Posted September 30, 2009
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