Property Fraud

How NOT to Consolidate Your Debts

January 12, 2010 · Leave a Comment

When you are worried about your debts it is easy to be lured by promises of help that will supposedly get rid of your debts, or make them more affordable and easier to repay. All these apparently wonderful schemes seem to guarantee you a better financial future while asking for very little in return. This is what should ring alarm bells in the mind of anyone who is considering one of their adverts. Whenever anything looks too good to be true, there is probably a catch. There are three common scams which will try to take advantage of you when you have debts to pay. The first of these offers... [Read the full story]

Pension Fraud

Michael Eugene Kelly Fraud

December 13, 2009 · Leave a Comment

You may have heard about Michael Eugene Kelly who is the famous owner of deluxe resorts like the Yucatan resorts and the Resort Holdings International. What you may not have known about him is that he and 23 others have been accused by the FBI in a Ponzi scheme that totaled $428 million dollars. In this scheme, Kelly and the others were accused of defrauding over one thousand elderly people and senior citizens out of their retirements money. Kelly has also worked with the Puerto Cancun and the Avanti Motor Corporation. The FBI and the United States Attorney’s office accused Kelly after they... [Read the full story]

Credit Card Fraud

Truth About Credit Cards With Low Interest Rates

January 15, 2010 · Leave a Comment

A credit card with low rate of interest, maybe even 0%, sounds too good to be true. Why would anyone not want this kind of offer? You get to borrow money for whatever you want, and give it back whenever you want. The problem is that a deal this enticing always has it catch. If you have really good credit it is possible to get a relatively low rate, like 5%; although, rates from 9%-15% are more common. These rates are not bad at all for a credit card. However, if you have a bad credit score and you are offered a low interest rate card you should check the fine print because chances are it is a scam.... [Read the full story]

Ponzi's

Top 10 Ponzi Schemes of All Time

December 23, 2009 · Leave a Comment

You have most likely heard the term “ponzi scheme”, but if not, it is a form of fraud whereby the perpetrator claims to manage an investment by paying off early investors with money coming in from new investors. It is an old concept that many people famously have almost succeeded at over the years. Unfortunately for the investors of these schemes, it was usually too late. Here are the top ten ponzi schemes garnering a ton of attention and costing investors billions. The Ponzi Namesake – Charles Ponzi became a millionaire within 6 months after he promised investors a 50 percent... [Read the full story]

Medical Fraud

How to Avoid Auto Insurance Fraud

January 4, 2010 · Leave a Comment

Most people see insurance as something that will protect them if something happens to them or their possessions, and something that they will only seriously have to think about in the worst-case scenario. There are many disreputable people, however, who use insurance as a way of getting payouts that they do not deserve and which they are nor really eligible for. These fraudsters drive up the costs of insurance for the rest of us, and have had a particularly large impact on auto insurance. Fraudulent claims on auto insurance have become part of the system of organized crime, and a major part of... [Read the full story]