French Court Finds Church of Scientology Guilty of Fraud
France fines for fraud
The French government has never recognized the Church of Scientology as a religion. It has always viewed it as a “sect” or simply a commercial operation. Now, after two women filed complaints against the Church of Scientology, the French court has said the Church of Scientology is [...]
Bernard Kerik Back in Jail for Putting Confidential Info Online
Former commissioner on trial for conspiracy
Bernard Kerik knows that committing tax fraud is a no-no. He made that clear in 2004, when he withdrew his name from consideration for Secretary of Homeland Security. At that time, Bernard Kerik admitted that he had committed tax fraud.
Bernard Kerik had employed an illegal [...]
Man Goes to Prison for Payday Loan Scheme
A crime of a different color
Most of the payday loan related crimes I write about involve petty thieves pointing guns in people’s faces and taking off with a bunch of cash. Today, however, I came across a payday loan crime of a different type.
I don’t know if this guy was [...]
Dina Wein-Reis | Making Chumps Of Corporate Giants
O Lady, be bad
Beg, borrow or steal. How do you make it, financially?
Of course that trio of choices paints an incomplete picture. Hard work and dedication are an ideal path toward success. But borrowing doesn’t hurt from time to time. For instance, if you need to borrow short term loans [...]
Kevin Trudeau’s Books Deemed Fraud | Save Your Money
Kevin Trudeau’s ups and downs
You may have seen an infomercial for any number of Kevin Trudeau products. He has hawked several books, including “Natural Cures ‘They’ Don’t Want You to Know About.”
Kevin Trudeau’s books have made it onto the best-sellers list as consumers seeking help hit up payday lenders so [...]
FTC Capital Markets Investigated for Fraud
FTC Capital Markets offices searched
Reuters reports that the FTC Capital Markets offices in New York have been searched by U.S. postal inspectors. FTC Capital Markets is suspected of investment fraud, and the postal inspectors were looking for evidence.
An anonymous source, who wished to remain so because of the ongoing investigation, [...]
Canada Man Charged with Defrauding Payday Loan Business
Man charged with fraud
A man in St. Catherine’s, Ontario, has been charged with fraud after a three-month police investigation.
Police have determined that the 51-year-old man cashed counterfeit bank drafts at a payday loan business. The company offers short-term loans, installment loans and cash advances along with check-cashing services.
Canadian newspaper news [...]
Scam Watch | TARP Overseer Vows to Prevent Fraud
Transparency is inspector general’s main goal
So there’s good news and bad news. Obama is making good on his promise of transparency when it comes to distribution of TARP funds via Inspector General Neil Barofsky. The bad news is Barofsky has opened 20 criminal investigations to see whether tax dollars are [...]
Did Fairfield Greenwich Group Commit Fraud For Madoff?
Those marked by Madoff cannot hide…
…or hide the stink. If you need payday loans because you lost money to him, I offer my condolences
Associates of Ponzi scheme mastermind Bernard Madoff are now finding themselves in the crosshairs with no place to hide. Jessica Pressler writes in the “Daily Intel” column [...]
Beware: This is the Age of the Scam
Is it time to buy shares in scam operations?
This is Age of the Scam. We tried honest business and look where that got us. So let’s try something a little different. If you can’t beat ‘um, join ‘um. No, it’s time to fight back!
The fight begins
I was at the Consumer [...]
David Friehling Accused of Aiding Madoff in Ponzi Scheme
First accomplice named
Bernard Madoff’s accountant, David Friehling, has been arrested in relation to the Ponzi scheme that bilked billions out of clients and landed Madoff in jail.
Friehling, sole proprietor of the Friehling & Horowitz, is being charged with securities fraud. He turned himself in to authorities today.
Unwitting participant
Authorities do not [...]
Madoff Pleads Guilty to $50 Billion Ponzi Scheme
“I am deeply sorry for the scam.”
Bernard Madoff has pled guilty to all 11 charges surrounding a $50 billion ponzi scheme, BBC News reports. The charges include four counts of fraud, three counts of money laundering, making false statements, perjury, making a false filing to the US financial watchdog, and [...]
Samim Anghaie Defrauds NASA, Taxpayers of Nearly $1 Million
Your tax dollars at work
Mike Levine of Fox News reports that the Director of the Innovative Nuclear Space Power and Propulsion Institute at the University of Florida may have defrauded NASA out of “hundreds of thousands” of taxpayer dollars for personal use. A court affidavit says there is “probable cause” [...]
Citibank Hooked By Nigerian Scam, Needs More Quick Loans
Citibank reads, believes their spam
Benjamin Weiser of the New York Times proves beyond a shadow of a doubt that even large organizations fall for those fly-by-night Internet scams and need quick loans to dig their way out. But, come on, seriously? You were taken in by a Nigerian con artist, [...]
UPDATE: FBI Finds Stanford | Quick Loan For Bail?
Quick loans won’t get him out once he’s incarcerated
BBC News reports that FBI agents in Virginia have located and served Sir Allen Stanford with civil papers, a quick loan courtesy of the SEC. They would like to see him pay it back with other people’s money… and jail time.
Stanford has [...]
Swiss Banks Hid Personal Loans, Accounts | Now Must Pay Fines
UBS accused of conspiring
UBS, owner of many Swiss banks that kept strict privacy standards and hid cash, personal loans and other assets of United States citizens will now turn over those records.
The bank also must pay $750 million in fines, penalties, interest and restitution. Federal authorities are saying USB conspired to create sham accounts [...]
Stanford Customers Want Fast Cash in Advance of Trial
Stanford financial being charged with fraud
Depositors who have had dealings with Stanford Financial want fast cash in advance of the legal proceedings Allen Stanford will face. He has been charged with fraud because of $8 billion in notes he sold. Two other executives are accused as well.
Storming the banks
Hundreds of people lined [...]
Here we go again! Another man who didn’t take a Payday Loan
Texas billionaire in massive fraud scandal
No Payday Loan for Texas magnate and cricket promoter Allen Stanford. He used the Bernie Madoff system and ripped off the very respectable amount of $9.2 billion.
Allen Stanford
The Securities and Exchange Commission says that Stanford is facing civil fraud charges for “promising improbable and unsubstantiated [...]
America’s Next Big Scammer: Will Stanford Need Payday Loans?
Payday loans won’t clear Stanford’s name
Billionaire Allen Stanford could find himself needing payday loans if his fortune is wiped away with the new revelation that Stanford is being charged with fraud.
The U.S. Securities and Exchange Commission says Stanford Financial Group fraudulently sold $8 billion in high-yield certificates of deposit. Stanford [...]
Credit Part III: Payday Loans and How To Obtain And Review Your Credit Report
Credit Part III: Obtaining and Reviewing Your Personal Credit Report
The payday loan money blog continues Part III on personal credit with obtaining and reviewing your personal credit report. Here’s how.
A quick Internet search will reveal several sites you can use to order your credit report, but if you want [...]
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