Tag: foreclosure rescue scams
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BULLETIN: Now, A Web-Based ‘Auto Loan Modification’ Scam, FTC Alleges; California Firms Accused Of Targeting Car Borrowers Facing Repossession And Putting Them Deeper In The Hole
BULLETIN: The Federal Trade Commission has gone to federal court in the Eastern District of California, alleging that several individuals and companies were running separate, web-based scams in which borrowers were told they could avoid vehicle repossessions by paying upfront fees to the accused scammers and not making payments on their car loans. The scams…
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BULLETIN: FLORIDA — AGAIN: Destroying Hope Through Wordplay: 4 Men Arrested In Alleged Loan-Modification Scam That Used ‘HOPE’ As Acronym; Fraudsters Sucked More Than $3 Million From Distressed Homeowners In Part By Claiming To Be Nonprofit, Feds Say
BULLETIN: Federal agents from the Special Inspector General’s Office for the Troubled Asset Relief Program (SIGTARP) have arrested four Florida men on charges they collected millions of dollars from financially distressed homeowners in a loan-modification scam that claimed to be a legitimate nonprofit business. Arrested this morning in Florida on federal criminal charges filed in…
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‘Sovereign Citizen,’ 81, Arrested In Arizona On Federal Charges Of Making False Claims; Marshall Home Hawked ‘Foreclosure Rescue’ Scheme And Sought To Place United States In Bankruptcy, Feds Say
Marshall Home, 81, charged customers $500 as part of a purported Arizona-based service to halt mortgage-foreclosure proceedings through an entity known as “Individual Rights Party; Mortgage Rescue Service,” federal prosecutors said. But his service was a scam in which Home, a Tucson resident and self-described “sovereign citizen,” insisted he had a valid claim of more…
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UPDATE: Delaware AG Beau Biden Says Credit USA Pyramid Scheme Cost Two State Residents More Than $100,000; Victims Asked To Contact Prosecutors
The alleged Credit USA Inc. multilevel-marketing (MLM) pyramid scheme cost two Delaware residents more than $100,000, Attorney General Beau Biden said. Biden has asked other potential victims to contact his Investor Protection Unit at 302-577-8424. A state indictment announced two days ago charged Terrel Alexander, 41, Nicole Alexander, 41, and William Love III, 39, with…
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DATA NETWORK AFFILIATES: Churches Have ‘MORAL OBLIGATION’ To Pitch Members On Firm’s ‘Mortgage Reduction’ Program; Purported Data And Cell-Phone Firm Venturing Into Foreclosure-Rescue And ‘Resort’ Businesses
A multilevel-marketing (MLM) company that positioned itself as a firm that collected data that could be used by law enforcement and the AMBER Alert program to rescue abducted children — and later declared itself the world champion of cell-phone pricing — may be entering the foreclosure-rescue and real-estate businesses, members said. News about the purported…