MVP- PAUL PIERCE a FRAUD?

EMAIL: Nik I used to own a ticket Agency in Gardena, California called Caffey Entertainment ... with the credit card when the bill arrived). When I got the charge back letter, it said the card belonged ... .  So in March, I filed a police report with the Gardena Police Department.  Please note: Paul Pierce [more...]

Date: 2008-06-19 16:20:40

Blog posts (171) | Videos (134)
 

Are Your Kids The Next Victims of Identity Theft?

We have all, at one time or another, been concerned about having our identities stolen whether it be over the internet or in other ways we have ... in the new millennium. But how do you know if your child’s credit or name is in jeopardy? Well ... is protected. Here is what you can do to protect your children from fraud: Pay Attention [more...]

Date: 2009-01-08 15:03:48

John Coleman: Still Waiting for that Lawsuit

There are cranky skeptics and then there are cranky skeptics ... ,” during which he vowed to sue Al Gore for fraud. Yes, you read that right: sue him. Watch ... spewed the same tired diatribe, accusing Al Gore and carbon credit sellers of perpetrating mass “ [more...]

Date: 2009-01-13 02:29:10

Metropolitan Money Store CEO Pleads Guilty

Jennifer McCall, 47, Ft. Washington, Maryland, a chief executive officer of Metropolitan Money Store and owner of JC and JC Investments LLC, ... their damaged credit. According to her plea agreement, McCall was a licensed mortgage broker, … Read More... ... pleaded guilty to conspiracy to commit mail and wire fraud in connection with a mortgage frau [more...]

Date: 2008-12-19 17:12:33

No, Madoff Never Turned Down Money

Part of the story about the Madoff Ponzi scheme was that Madoff created this elusive, difficult-to-become-a-member club ... have easily revealed the fraud. Allow me to explain: As we noted earlier this week (Why Might ... . But the one that intrigued me most came from Credit Suisse, when that firm and its analysts looked [more...]

Date: 2009-01-15 15:00:26

Getting Naked

Just wanted to make sure you were paying attention because this is an important topic. What’s the likelihood that public companies are being destroyed by millions of shares of stock that don’t exist? Today, the SEC held a hearing about short-selling, which is essentially betting that a company’s shares are overvalued. Georgetown finance professor James Angel explained the benefits on the Marketplace Morning Report : AMY SCOTT: Angel says short-sellers provide a service. [more...]

Date: 2009-09-30 19:21:56

Money

A succinct account of just what ails our financial system from Janet Tavakoli. (via Jesse's Cafe Americain ) Wall Street’s Fraud and Solutions for Systemic Peril By Janet Tavakoli TSF Opinion Commentary – September 29, 2009 http://www.tavakolistructuredfinance.com/Fraud.pdf   Last week I gave a presentation to members of the International Monetary Fund (IMF) explaining the corrosive atmosphere that allowed the largest Ponzi scheme in the history of the capital markets to flourish. [more...]

Date: 2009-09-29 18:04:06

Baby Ponzi Scheme: Brian Cohen Arrested For Adoption Scam

MINEOLA, N.Y. — An attorney who claimed his own experience as an adopted child motivated him to help people seeking to start families is suspected of running a Ponzi-like scheme that ripped off couples from New York to Texas, promising children that didn't exist. Kevin Cohen, 41, pleaded not guilty Friday to grand larceny and other charges after one Long Island couple told prosecutors they paid him $60,000 in fees for a promised baby that he never delivered. [more...]

Date: 2009-09-30 21:14:56

Keeping Credit Cards Secure: Washington Times

"I think the U.S. is targeted because there's more and wealthier people on the Internet and we're more active in e-commerce ," Avivah Litan - Distinguished Analyst at Gartner Research - Quoted in Washington Times  Editor's Food for Thought:  If the U.S. did bite the bullet and decide to spend $8 Billion Dollars to switch over to Chip and PIN it is NOT going to reduce eCommerce Fraud one iota  At least not until we start swiping the card itself.  (Replacing the Card Not [more...]

Date: 2009-09-21 21:12:00

Dancing With DeLay-Watch Week 2: Texas Tale-of-the-Tape Tango Edition

Image by Populista On Monday night, America's eyeballs were again abused by the sight of Tom DeLay shaking his moneymaker on national television. This week, DeLay and partner Cheryl Burke danced the Tango, that great Argentine dance of seduction that arose from the lower-class neighborhoods of Buenos Aires. In his pinstripes and green tie, DeLay looked like a Frankensteinian mobster, stiffly marching back and forth across the floor. The tango is a dance of insense physical control. [more...]

Date: 2009-09-30 16:10:00

Grand Online Casino- Additional Wealth And Extra Fun

You might have experimented by operating your online casino account for one day and also might have experienced to loose total amount. This one is an unlucky occurrence indeed, but this one reveals a problem that may want you to switch casinos. Before registering on any new online casino you must check how much good this casino is. Security is the considerate point in deciding a good online casino. An online casino can be judged its genuity by observing its registration process. [more...]

Date: 2009-09-29 20:26:15

Cuts to film incentive program could help balance state budget

Royal Oak was the scene of filming for "Prayers for Bobby" last year. (Creative Commons photo by annethelibrarian via Flickr)   As lawmakers continue to negotiate next year’s budget, some are urging changes to the state’s film credit program. According to the Michigan Senate Fiscal Agency , the program is expected to cost the state $150 million in the next year while providing unclear job benefits. Lawmakers must agree on a budget by the end of Wednesday or the state will shut down. [more...]

Date: 2009-09-29 19:39:52

Taxes on Short Sale, Loan Modification & Mortgage Foreclosure 7 Nov08 Bankruptcy & Insolvency

Tax on 1099C, Cancellation of Debt Income; Short Sale, Loan Modification & Foreclosure. Exception; Mortgage Forgiveness Debt Relief Act, Bankruptcy & Insolvency. Go To RealEstateMarketingThisWeek.com Part 7 (Excerpt) Beware of grandiose claims when dealing with a loan modification firm. You know I am glad that were back, when we went to the break we were talking amongst ourselves about some of these concepts, I really want to bring this back down to the listeners. [more...]

Date: 2009-09-29 17:30:06

Bonita Bay Brawl: Are Club Members “Victims” Of Developer Lucas and KeyBank?

By Teri Buhl for BankImplode.com The developer of Bonita Bay Club, an exclusive golf community on Florida’s west coast, is using aggressive tactics to get the club’s members to pay off his debts and save him from bankruptcy, according to some disgruntled investors. Questions continue to swirl regarding whether the club’s group of lenders, led by KeyBank , who had lent the developer $120 million by securing club property, is aiding in the scheme. [more...]

Date: 2009-09-29 16:03:28

Important Points to Be Pondered Over While Opting for a Debt Management Company

by Edwood Woodward 1. Pick the Best: Selecting the best company to manage your financial matters requires a lot of contemplation. There are some good names and some bad names; therefore, it can sometimes become hard for a new customer to select the right one. 2. Opt For the Safer Hands: Since the debt management program handles the fiscal matters with debt and credit, which involves your money, picking the right hands that are skilled as well as safe is very important. 3. [more...]

Date: 2009-09-30 08:22:11

2007 FBI Study Warns of Home Equity Loan Fraud

The FBI website contains an April 2008 warning about identity theft and Home Equity Line of Credit loans.  The warning details findings from a 2007 FBI study of fraud in the mortgage and real estate industry.  The FBI believes thieves steal a person’s identity to either open a new line of credit over the internet or access an open line of credit.  After the loan is approved the thief asks the bank to wire money to a different account.  This scheme involves surreptitiously forwarding telephone [more...]

Date: 2009-09-30 06:19:06

Titan Lenders Corp Adds Vincent Barbour as Director of Capital Strategy and Business Development

DENVER, Colo. (SEND2PRESS NEWSWIRE) — Titan Lenders Corp (TLC) has added Vincent Barbour as director of capital strategy consulting for independent mortgage lenders, community banks and investment capital. In this capacity, Barbour will work with mortgage lenders and warehouse providers to secure additional funding capacity by identifying funding sources, preparing credit and collateral packages, evaluating back office operations and securing new credit facility offers. [more...]

Date: 2009-09-29 20:17:28

Vincent Barbour joins Titan Lenders as Director of Capital Strategy and Business Development

DENVER, Colo. — Titan Lenders Corp (TLC) has added Vincent Barbour as director of capital strategy consulting for independent mortgage lenders, community banks and investment capital. In this capacity, Barbour will work with mortgage lenders and warehouse providers to secure additional funding capacity by identifying funding sources, preparing credit and collateral packages, evaluating back office operations and securing new credit facility offers. [more...]

Date: 2009-09-30 18:03:33

Credit Repair! You May Have A Bad Credit Rating And Not Even Know It

When we talk about credit repair, most of us believe that repairing our credit rating is directly related to our mis management of our finance s, and in most cases that is true! However, many of us don’t realize that thousands of men and women every year find out they have bad credit due to credit fraud, and if you’re not 1% sure on how this happens, it’s a method by criminal organizations that are stealing your identity and using it for financial criminal activities. [more...]

Date: 2009-09-30 14:31:03

Great Advice!

Identity Theft is on the rise. The information in this post that I recieved by email has nothing to do with saving money, however, my hope is that this great advise will save you a lot of time and trouble. .1. Do not sign the back of your credit cards. Instead, put 'PHOTO ID REQUIRED.'. 2. When you are writing checks to pay on your credit card accounts, DO NOT put the complete account number on the 'For' line. Instead, just put the last four numbers. [more...]

Date: 2009-09-30 11:47:00

Avivah Litan: Nothing that Goes Through the Browser Can Be Relied Upon!

Yesterday, I spent a lot of time on a post : Another Lawsuit Against Weak Online Banking Authentication.  Today, (ironically and thankfully!) Bank Technology News came out with an article on the same subject.  I'm tickled, because there's a quote from Avivah Litan, distinguished analyst and VP at Gartner Research that is as powerful as they come. [more...]

Date: 2009-09-29 20:14:00

Uncle Sam

To be fair, illustrating the personal finance page is a difficult and thankless job. Being asked, week after week, to draw a picture of abstract ideas like "the importance of maximizing your 401(k) contribution" -- on deadline -- is not an easy task. There are only so many giant piggy banks, ladders and staircases one can get away with. [more...]

Date: 2009-01-10 00:26:08

Pay Per Click: Part 3

It being said that Google and other search engines are sensitive to maintaining advertiser’s confidence is a start, or a move in the right direction, ... companies as they continue to throw resources and algorithms at the growing problem of click fraud ... refund checks for cases of verifiable fraud. But like a virus that can morph into superbugs [more...]

Date: 2009-01-17 00:35:27

Shop Online with Cash Through eBillme

Sales are continuing to decline in retail e-commerce in the U.S., according to comScore . These findings are due, in part, to the recession and ongoing credit crunch. To give both consumers and retailers a boost, eBillme recently introduced the eBillme Walk-In program, which allows more consumers to shop online. As Samer Forzley explains, the Walk-In program lets users shop online with cash without having a credit card or even a bank account. [more...]

Date: 2009-09-30 13:27:11

Researching Re-Financing Online

Years ago homeowners had to go to a lender during regular business hours for lengthy consultations and would have to visit several different lenders to determine which one would offer the best rate. The Internet has not only simplified the process but has also given homeowners the luxury of investigating re-financing options at their convenience [more...]

Date: 2009-01-18 03:14:31

Have we gone too far?

I honestly don’t remember any Miss World Singapore that creates so much debate. I think it all started with the RazorTV interview . Yes, I have to agree that her English standard isn’t the best. But who says that Miss World Pageant must speak perfect English. And honestly, is she always like that or just like that during that interview? I feel sorry for Ris Low when I saw all the youtube video mocking her . [more...]

Date: 2009-09-30 03:30:24

Always Look A Gift Check In The Mouth [Check Fraud]

Fred writes: My brother who is a junior at college sent out a bunch of applications for college grants and other sources of funding to pay for his ... him that he has been reported to the FBI, and that the information would be noted on his credit report. He wasn't really able ... by not answering anything. I was wondering if it would be a negative [more...]

Date: 2008-09-19 16:14:23

E. Online Resources (2)

• http://ftc.gov The Federal Trade Commission’s website provides free publications on many consumer topics, including credit repair. It also provides links to the full text of numerous consumer protection laws (click on “Rules & Acts” in any of the consumer topics). • www.pueblo.gsa.gov The Consumer Information Center provides the latest in consumer news as well as many publications of interest to consumers, including the Consumer Information Catalog. [more...]

Date: 2009-09-30 02:07:22

Busting the Ghosts of Hope

Expectations for Barack Obama’s presidency have continued to soar since his historic election. Millions believe change is possible. But what kind of change? And to whose benefit? Our country and our world are in crisis, and the tepid, incremental reforms Obama has been emphasizing aren’t going to cut it. It’s time to think outside the box [more...]

Date: 2009-01-16 16:44:52

Translating Guido

In between spreading scurrilous gossip about the government and overusing the "c"-word, Guido Fawkes makes the occasional sensible post about financial markets. Unfortunately, he does so in the lingo of willy-waving trader types (he worked for a hedge fund before losing it all after falling out with his business partner, [more...]

Date: 2009-01-17 11:19:00

Fiserv Unveils Latest Fraud Risk Mitigation and Anti-Money Laundering Solutions

New releases designed to optimize financial crime risk management operations Brookfield, Wis., September 30, 2009 -PIN Payments News Blog - Fiserv, Inc. (NASDAQ: FISV ), the leading global provider of financial services technology solutions, today announced the availability of Fraud Risk Manager 4.6, the newest version of its multi-channel fraud detection and management solution. Also available is AML Manager 4.6, the market-leading anti-money laundering solution. [more...]

Date: 2009-09-30 14:11:00

Bank Fraud Ponzi Scheme – "Looks Good from my end"…

"Looks Good from my end" refers to the following part of the press release: ""Here is a try. Looks good from my end. . . . Compare it to an original if you have it." 9/25/2009 FBI Press Release: United States Attorney's Office Southern District of New York Contact: (212) 637-2600 Manhattan U.S. Attorney Charges Colorado Man as Accomplice of Hassan Nemazee in Bank Fraud Ponzi Scheme PREET BHARARA, the United States Attorney for the Southern District of New York, and JOSEPH M. [more...]

Date: 2009-09-29 20:30:47

Labour List - a warning to all potential contributors

During a previous conversation, LabourList.org founder and controller Derek Draper suggested that I share with the class the our entire email ... without credit and the apparent pretence of spontaneous submission, because he deleted the version ... creative material without credit? Are you really pretending to receive submissions from the general [more...]

Date: 2009-01-16 14:57:16

Five Ways to Detect Fraud Using Geolocation

This post was written by Quova, they sent it as a press release but I thought it was interesting enough to publish on the blog ... who used credit card numbers later identified as stolen. The report estimates that in 2007 $3.6 ... are bad, the use of an anonymous proxy that hides or masks a unique IP address can be a fraud indicator [more...]

Date: 2008-12-15 13:04:02

Chase Behaving Badly: Unintended Consequences of the Fed's New Credit Card Rules

In late December, banking regulators agreed to new rules to limit actions by credit card issuers that consumer advocates deemed to be abusive ... rule changes would lead banks to restrict credit, particularly to riskier borrowers. What they may ... of the Currency: The bank can generally change the account terms of credit cards or open-end lines [more...]

Date: 2009-01-11 02:26:47

Project Humanbeingsfirst Index

Honorific of the day “you are a completely stupid fool, a disgrace to humanity” -- Paul Craig Roberts, ... to Ellen Brown's 'How to Resolve the Credit Crisis' January 13, 2009 Palestinians Don't Bleed! GAZA ... ) More Essays N Reports ...Latest Letters Letter to Editor – Premeditated Radicalization: Why? January 11 [more...]

Date: 2009-01-17 03:27:00

Mortgage Lessons From Down Under: US Politicians Were Wrong to Pimp The Homeownership Fraud

Lessons To Learn From Mortgage Lending in Australia: Maybe only a friendly foreigner could say this ... would have brought in had it been carried to term." Bottom Line: One part of fixing our credit crisis ... is that nobody in Washington seems to be talking about fixing it. ~Editorial in today's WSJ [more...]

Date: 2008-10-06 14:24:28

GET THE #@$* OUT!

I’m in a mood.  I had to call a potential fraud victim a few hours ago, and this man was unbelievable ... , get a visa and a green card, and become a contributing member of our society.  You don’t get scholarships ... of a crime.  They want us to let them open bank accounts, have credit cards, get mortgages, and pay [more...]

Date: 2008-09-25 19:51:23

Appraisal and Ratings Fraud Documented

From Mario Kenny — see comments posted to blog As we have stated repeatedly, the logistics were simple: (a) ... community-based orgarizations that promote access to basic banking services, including credit and savings ... NRSROs’), more commonly known as credit rating agencies (”CRAs”), substantially contributed [more...]

Date: 2008-12-01 15:58:17

I Hate Equifax

I wish I could turn my pure emotion into words on the screen to fully express my hatred for Equifax. It is pure. It is flowing. I. Hate. Equifax. Why I Hate Equifax I’ve recently reminded you to check your annual credit report ... running there has been an issue that results in us not getting her annual credit report. This doesn’ [more...]

Date: 2009-01-16 13:00:13

Is overreaction going to prolong the recession?

Axel Merk believes it likely:'Actively participating in credit allocation within the private sector, ... case).'Generally, they all influence credit creation by managing the cost of borrowing. Central banks ... ; but the government's role should have been limited to allowing an orderly adjustment of the excesses of the credit [more...]

Date: 2009-01-16 12:45:00

In Defense of Breach Notification Laws (sort of)

Note: This article was originally published on the Security Catalyst Blog. Starting with California’s 2003 law, all but a hand full of states have now enacted breach notification laws (BNLs). Though each is subtly different, all notification laws recognize that a if your identity, or Data Self, is treated as mere chattel, [more...]

Date: 2009-01-17 19:53:27

p2pnet World Headlines – Sept 30, 2009

Two-Thirds of Americans Object to Online Tracking New York Times About two-thirds of Americans object to online tracking by advertisers — and that number rises once they learn the different ways marketers are following their online movements, according to a new survey from professors at the University of Pennsylvania and the University of California, Berkeley. [more...]

Date: 2009-09-30 18:20:04

Top 10 at 10: MAF warned last year (by Carter); PGC and Jacks Point; Norris attacks Kiwibank; Dilbert

Here are my top 10 links from around the Internet over the last couple of days. My apologies to regular readers disappointed by the non-appearance of the Top 10 at 10 yesterday and today’s late appearance. I was simply swamped with the news, tips and interviews from the Crafar story, where the wider economic and financial implications are now becoming apparent. [more...]

Date: 2009-10-01 00:26:58

Remember When Email Viruses Were the Big Problem?

Often in the media you will see statistics from security vendors that state that spam makes up over 90% of all email sent over the internet these days.  To some people that sounds like an unrealistic number.  I received about 30 emails at work today, does that mean another 270 spam emails were sent my way as well?  Well according to the statistics, yes it does. [more...]

Date: 2009-09-30 13:29:40

Obama’s Judgement: Treasury Pick “Forgot” To Pay His Taxes & Kept Money Given As Reimbursements For Money He Never Paid

Check out Mike’s post on the double standard in the MSM towards this latest “mistake” on Obama’s part For all the hoopla of the Obama inauguration his transition to power has been one of complete and utter folly. The latest? His pick for Treasury Secretary, Timothy Geithner. You may recall that pick of Obama’s met with a lot of praise [more...]

Date: 2009-01-15 17:39:48

Forbes: "The great college [and law school] hoax"

Ouch. This writer compares higher education to the housing debacle. From "The Great College Hoax" (Forbes) ... a Wall Street money machine dabbling in outright fraud as it foists unaffordable debt on the most ... . "There are a lot of aspects of selling education that are tinged with consumer fraud," Sander says [more...]

Date: 2009-01-17 15:32:39

Fannie and Freddie to track loan performance of originator and the appraiser.

It was announced today that beginning Jan. 1, 2010 Freddie Mac and Fannie Mae will be required to obtain loan-level identifiers for the loan ... of the requirement is to prevent fraud and predatory lending, to ensure mortgages owned and guaranteed ... ’ performance, negligence and fraud. Hat tip John Long and Gordy.  Here is the PDF from the Federal [more...]

Date: 2009-01-16 20:37:33

Both sides now

The NYT’s “public editor” takes the predictable approach when dealing with the complaints about bias. Both sides are criticizing us, that means that we must be right. Well yes, one side has promised to destroy the other and the other is defending itself, so being balanced is exactly the way to handle their coverage [more...]

Date: 2009-01-11 17:00:42

The Basics of Banking Explained

This is the first edition of our Personal Finance Foundation Series where I discuss the very basics of foundation-type personal finance topics ... was with a local credit union. Credit unions are really great about welcoming new members ... of services that credit unions do. My mom and I opened a joint banking account a local credit union [more...]

Date: 2009-01-12 12:18:50

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