The biggest drawback of using a credit card is the risk of fraud and identity theft. Unlike debt (which is incurred consciously) credit card fraud can happen at any time, and frequently with no warning to the card holder until it’s too late. And the consequences range from the merely annoying, such as having to [...]
The Securities and Exchange Commission (SEC) today charged a prominent Miami Beach-based businessman and philanthropist with fraud for orchestrating a $900 million offering fraud and Ponzi scheme.
The SEC alleges that Nevin K. Shapiro, the founder and president of Capitol Investments USA, Inc., sold investors securities that he claimed would fund Capitol’s grocery diverting business. Shapiro [...]
An online scheme that attracted investors from around the globe, including Calgary, has disappeared into cyberspace along with as much as $400 million.
Securities regulators in Alberta and B.C. say “Genius Funds”, a so-called high-yield investment program, was nothing more than a Ponzi scheme operated through a slick-looking website. It purported to be a company registered [...]
FRAUD ALLEGED AT FALLEN MORTGAGE TITAN: Senate investigators say they have found widespread fraud in the mortgage lending operations of Washington Mutual, the biggest U.S. bank on record to fail.
FAILURE TO ACT: WaMu’s management failed to stem the fraudulent practices despite internal probes by the bank, according to the new report by the investigative panel [...]
A federal judge froze the assets of Renee Marie Brown after the SEC accused her of ripping off clients by persuading them to invest in a mysterious vehicle known as “ Fund X. ”
U.S. District Judge Donovan W. Frank issued a temporary restraining order against Brown and her company, Investors Income Fund X LLC. The [...]
The owners of a defunct mortgage lender and a servicing company in New Hampshire have been indicted on federal fraud charges.
A grand jury has indicted Scott Farah, owner of Financial Resources Mortgage in Meredith, on charges of mail fraud and wire fraud. Donald Dodge, who ran the associated servicing company CL&M, was indicted on charges [...]
Bart S. Posey, owner of a pair of Robertson County businesses accused of selling bogus health insurance policies to more than 12,400 people nationwide, was lining his own pockets with premiums paid by unsuspecting customers, court documents filed this week by state regulators say.
He bought automobiles and real estate, and even made thousands in donations [...]
Another fraudulent email going around by scammers. They are now trying to get you to login into a fake page to see the updates they made to their online software.
Example Email:
Note: scammers could use ANY bank name to trick you.
———————————-
From: PNC Bank Support Center [mailto:pinaclesupport@pnc.com]
Sent: Thursday, April 01, 2010 9:50 AM
To: Your email address [...]
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