More home owners who are desperate to avoid foreclosure are finding themselves victims to loan-modification scams. In the latest to grip headlines, attorneys in California — where these scams are particularly rampant — filed the state’s first class-action lawsuit against an alleged loan modification scam, part of RewireMyLoan.com. In the lawsuit, prosecutors charge that [...]
According to an e-mail from the “FBI” and the Anti-Terrorist and Monitory Crimes Division I have won $10,000,000 in Nigeria. The Central Bank is holding this money for me. The e-mail goes on to say that the FBI and the Anti-Terrorist and Monitory Crimes Division fully checked into my winnings and all I have [...]
I’m still receiving letters at the rate of one to two letters a week from overseas scammers wanting to give me a portion of millions of dollars or invest in real estate. Bad English in writing the letters, promises of giving you a cut of the millions they are supposedly wanting to feral out of [...]
By: Federal Bureau of Investigation Be leery of e-mails or text messages you receive indicating a problem or question regarding your financial accounts. In this scam, you are directed to follow a link or call the number provided in the message to update your account or correct the problem. The link actually directs the [...]
PHOENIX (CN) – A real estate company claims that an alleged member of the Saudi royal family failed to honor a $94.9 million property purchase agreement and defrauded investors in a check-kiting scheme – and that some of the money may have been used “for activities hostile to the United States”. Foundations Investment Group claims [...]
Oct 14 2009 The “mother of all mortgage frauds” came to an end Friday when an Indianapolis man has pleaded guilty for his lead role in a massive mortgage fraud scheme believed to the largest of its kind ever. Though Federal law enforcement authorities are still investigating, to date the scheme may have ripped off [...]
Bernard Madoff, the king of Ponzi, sits in jail for the next 150 years, or at least until he dies, whichever comes first. In the meantime, Irving Picard, the court appointed trustee, also known as the liquidator, is searching for the billions of dollars that disappeared. Where did the money go? Madoff sent out statements [...]
Former Dallas Cowboys linebacker Eugene “The Hitting Machine” Lockhart was arrested by FBI agents at his Carrollton home Thursday morning after being indicted on mortgage fraud charges, the U.S. Attorney’s office said. Lockhart, 48, and eight others were indicted by a federal grand jury on various charges, including conspiracy, bank fraud and wire fraud. The [...]
(Bloomberg) — Henry Jones delivered the good news in a conference call with Tri Energy Inc.’s investors: The gold deal the company had been working on for years was about to pay off. Jones, 55, a record producer in Marina del Rey, California, and his two partners had raised more than $50 million from 735 [...]
I don’t know how many 419 scam letters I’ve received, promising me untold wealth if I would just communicate with them and send them all of my bank account numbers. I would than receive 30 percent of $48,000,000. Not bad, but why do they always pick $48,000,000? I’ve guess they’ve taken a marketing course and [...]
