Business & Investment Fraud

Big Businesses Creatively Retaliate Against Dodd-Frank Whistleblowers

Posted: January 6, 2015 at 4:20 pm   /   Business & Investment Fraud, Business Protection, Consumer News, Financial & Insurance Fraud

In only a few short years since it’s inception, big businesses on Wallstreet have figured out fool-proof ways to protect themselves from the Dodd-Frank Act. The following article from Forbes.com denotes just what businesses have concocted to retaliate against this SEC endorsed program. Fearing the power and effectiveness of the Dodd-Frank whistleblower programs, big business […]

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fraud, fradulent borrowing

NYC Family Arrested for $20 Million Mortgage Fraud Scam, While Collecting Food Stamps

Posted: November 14, 2014 at 5:27 pm   /   Business & Investment Fraud, Consumer News, Lending Fraud, Sham Contractors & Salesmen

The following article uncovers a 10 year long mortgage fraud scheme involving a prominent New York real estate developer and 13 family members. The family reported extensive wealth to banks and investors, securing more than $20 million in mortgage loans while claiming next-to-nothing income to the Federal Government, absorbing hundreds of thousand’s of dollars worth […]

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Social Media is the Preferred Medium for Scammers

Posted: September 15, 2014 at 10:19 am   /   Business & Investment Fraud, Internet & Email Scams

With the advancement and popularity of social media, scammers are developing new ways to coax money out of unknowing consumers. The following article provides information on “flipping money,” a popular scam being used today. Keep your family safe from scammers and make sure your teenagers and elderly family members are aware of such scams, as […]

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NJ Judge Rules Freedom Mortgage Guilty of Fradulent Lending

Posted: September 11, 2014 at 1:35 pm   /   Business & Investment Fraud, Consumer News, Lending Fraud

The irresponsible lending practices of mortgage brokers has cost American’s millions of dollars and in many cases, their homes. A New Jersey based judge recently ruled Freedom Mortgage Corp. guilty of fraudulent lending…offering a bit of hope for victims of lending fraud… Freedom Mortgage Corp. defrauded an Englewood home owner in 2009, when it charged […]

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Employee Fraud Losses Often Aren’t Recovered

Posted: May 2, 2014 at 3:40 pm   /   Business & Investment Fraud

Business owners, this article from the Wall Street Journal will be enough to make you paranoid! A growing percentage of companies can’t get their money back when employees steal. Among companies polled late last year, 58% said they failed to recover any money lost through employee fraud in 2012 and 2013, according to a survey by […]

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Stockbrokers who fail test more likely to be criminals

Brokers Who Fail Test More Likely to be Criminals

Posted: April 14, 2014 at 8:49 am   /   Business & Investment Fraud, Consumer News

Interesting — and somewhat shocking — data published in the Wall Street Journal this morning regarding stockbrokers who fail the basic exam. According to the article: “More than 51,500 stockbrokers failed a basic exam needed to sell securities at least once, according to data that Wall Street regulators don’t disclose to investors, and those who repeatedly failed […]

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