Identity theft is the biggest pain-in-the-tookus for Americans, affecting more than 500,000 per year. Unlike hacking your computer, cell phone or other devices, identity theft is usually low-tech committed by unsophisticated slime balls. Slimeball Methods Consider the late night dumpster diver in search of bills, bank mail, and other documents containing personal information and, if…
Insurance fraud is an $80-billion crime annually and growing each year, according to the Coalition Against Insurance Fraud. If you have any thoughts about burning down your house or business to collect insurance money simply review these real-life, chilling examples: Insurance Fraud Rap Sheet Driven to steal. A vast fraud ring run by Felix Filenger…
Robocall scammers continue to grow in sophistication such as “neighborhood spoofing” allowing robocalls to look like local calls. Stressed out student loan borrowers are prominent on the radar of scammers. The scams are also fooling some people because it is open enrollment for many health insurance plans. Healthcare Robo Scam The scams are fooling some…
Cyber shopping fraud is always in the back of consumers’ minds when shopping online, especially with payment cards, but it should be in front of your mind. Cyber crooks have been studying on how to capture your data during the holiday season. While “common sense” is not so “common” any more, when it comes to…
Holiday fraudsters are most active during the holiday season and this year is no exception. More than three out of ten consumers cite identity theft and financial fraud is as the biggest concern about shopping during the holiday season, more than overspending. A recent survey by Capital One CreditWise discovered 85% of those U.S. consumers surveyed…
Operating a network of 20 companies, Hydra Financial and its principals allegedly collected on fake, short-term, small-dollar online loans, bilking hundreds of thousands of U.S. Consumers out of $227.7 million, generating approximately $69.6 million in gross profits, over a nearly 10-year period. The Consumer Financial Protection Bureau (CFPB) alleged that the defendants obtained consumers’ sensitive…
A person with 10 yachts, no student debt woes, and never went to public school is in charge of running and ruining our national education system. Called “Ditsy DeVos” by the White House, Education Secretary Betsy DeVos’s proposed borrower defense rule would make it much harder for students who were defrauded by predatory schools to receive…
Jessie Tieva (who appeared as a contestant in the 2004 Apprentice TV show) and, her husband, Matthew Tieva, have been charged with running a large scale scam teaching consumers how to make big bucks selling courses on Amazon. The couple’s company, Sellers Playbook, lured consumers into buying its expensive “system” by claiming that purchasers were…
Another Trump appointed Devos-like moron is under consideration to run the Consumer Financial Protection Bureau (CFPB). Kathy Kraninger knows nuttin about protecting consumers in the financial marketplace. Illegally appointed Mick Mulvaney, interim CFPB director, tried to wreck the CFPB by: • announcing its intention to reconsider and delay its payday lending rule. • dropping its…
Scams targeting homebuyers nearing the closing date on their mortgage loan are on the rise. The scammers attempt to steal the homebuyer’s closing funds—for example, their down payment and closing costs—by sending the homebuyer an email posing as the homebuyer’s real estate agent or settlement agent (title company, escrow officer, or attorney). The email falsely…
