Loans

A loans scam is a fraudulent attempt to obtain money or personal information from borrowers. Scammers may pose as legitimate lenders or they may create fake loan offers. They often use high-pressure tactics to convince victims to send money or provide sensitive information. How do scammers operate? Scammers often pose as legitimate lenders or they may create fake loan offers. They may use high-pressure tactics to convince victims to send money or provide sensitive information.

Close-up of a fraudulent tax document with a red 'FRAUDULENT' stamp, related to a COVID-19 relief fraud case.

Fake Tax Docs & Kickbacks: Inside a $5 Million COVID-19 Relief Fraud Case

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MEMPHIS, TN – A Mississippi woman has admitted to masterminding a sophisticated scheme that defrauded the U.S. government’s Paycheck Protection Program (PPP) of over $5 million. Lisa Evans, 42, of Olive Branch, Mississippi, pleaded guilty to conspiracy to commit wire fraud on February 20, 2025, before United States District Judge Thomas L. Parker. The case […]

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Joshua and Nicole Pennington Allegedly Exploited COVID-19 Relief Programs

Joshua and Nicole Pennington Faces Justice: A Deep Dive into Multi-Million Dollar COVID-19 Relief Fraud

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The COVID-19 pandemic brought unprecedented challenges, not just in terms of public health but also in economic stability. To mitigate the financial fallout, the U.S. government implemented several relief programs, including the Economic Injury Disaster Loan (EIDL) and the Paycheck Protection Program (PPP). While these programs were lifelines for many struggling businesses, they also became

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Debt Elimination Scams

Debt Elimination Scams: Types, Prevention, And Reporting 2023

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Debt elimination scams are fraudulent schemes that promise to help consumers eliminate their debts quickly and easily. These scams can be costly, as they often involve upfront fees and false promises that can leave victims in a worse financial situation. In this article, we’ll discuss 10 different debt elimination scams, their definition, types, prevention measures,

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Student Loan Scams: Types, Tips, Definition, Preventing And Report

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Introduction Student loan scams are fraudulent practices that target people who are in need of financial assistance for their education. With the rising cost of education, many students are turning to loans to pay for their tuition, books, and living expenses. Unfortunately, scammers are taking advantage of this situation by offering loans with high interest

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Payday Loan Scams: Definition, Types, and Prevention Tips (2023 Edition)

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1. Introduction The payday loan industry is often the subject of scrutiny and criticism for its high interest rates and predatory lending practices. Unfortunately, it is also a breeding ground for scammers who prey on vulnerable individuals in need of quick financial assistance. In this comprehensive guide, we will discuss the definition of payday loan

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Advance Fee Loan Scams: Definition, Types, Prevention And Reporting

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Advance fee loan scams are a type of financial fraud in which scammers offer loans to unsuspecting victims in exchange for an upfront fee. These scams have been around for many years and continue to be a significant problem, particularly for those who are in financial distress and are looking for quick cash. In this

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Student Loan Scam

Student Loan Scam Faced by The Federal Agency

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Federal government investigators have halted an alleged student loans debt pain relief scam that bilked more than $11 million from consumers nationwide. Strategic Student Solutions and several related companies inaccurately promised to minimize or eliminate student loans debt and also offered the borrowers no credit repair services, as a swap for upfront fees and monthly

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