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.
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 […]
Fake Tax Docs & Kickbacks: Inside a $5 Million COVID-19 Relief Fraud Case Read More »
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
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.
Debt Elimination Scams: Types, Prevention, And Reporting 2023 Read More »
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
Student Loan Scams: Types, Tips, Definition, Preventing And Report Read More »
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
Payday Loan Scams: Definition, Types, and Prevention Tips (2023 Edition) Read More »
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
Advance Fee Loan Scams: Definition, Types, Prevention And Reporting Read More »
Financial scams are only increasing in the United States. All manners of financial scams exist and one of the more insidious scams out there are those dealing with personal loans. Personal loans are unsecured loans from a lender which can
In January 2017, a Denver couple signed a contract to shop for a replacement house, going to use $272,500 in take from the sale of their previous home as a deposit. But scammers had alternative plans for his or her
Actual Estate Imposter Rip-Off Targets Might-be Owners Read More »
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
According to the Bureau of Justice Statistics, 10 percent of households in the United States had at least 1 person age 10 or older who was a victim of identity theft in 2016. This amounts to approximately 8.6 million US
Loans Fraud: Getting a Loan After Identity Theft Read More »
Owner of Stock Lending Firm Convicted by Jury in $100 Million Stock-Loan Fraud Scheme For Further Information, Contact: Assistant U.S. Attorney Joseph J.M. Orabona (619)546-7951or Assistant U.S. Attorney Michael G. Wheat (619) 546-8437SAN DIEGO – Jeffrey Spanier, a 51-year-old former
Coronado Businessman and Arizona Lawyer Steal More Than $30 Million SAN DIEGO – San Diego businessman Courtland Gettel and Arizona attorney Jeffrey Greenberg pleaded guilty this week to participating in a massive scheme in which they obtained tens of millions
Loan Fraud: Courtland Gettel And Jeffrey Greenberg Steal More Than $30 Million Read More »
Michael David Scott, real estate developer, 51, Mansfield, Massachusetts, was sentenced to 135 months in prison, five years of supervised release, and ordered to pay restitution of over $11,374,201and to forfeit $7,413,712. In June 2015, Scott pleaded guilty to counts
Real Estate Developer: Michael David Scott Gets Prison Sentence Read More »
Solomon Gordon Raymond, also known as Paul Anthony Raymond, 54, Golden Valley, Minnesota, was sentenced to 57 months in custody for lying to banks on a series of business loan applications he used to take almost $500,000. In addition to punishing
Even thоugh іt ѕееmѕ pretty simple tо set uр а nеw equity loan, thеrе аrе thіngѕ thаt уоu muѕt kеер іn mind tо kеер аwау frоm equity scams. In fact, muсh оf thе thіngѕ thаt you’ll read hеrе аrе
Equity Loan Scams: Defend and Deduction Loan Tax Read More »
With thе thousands оf people, еасh lооkіng fоr thе perfect home loan tо fit еасh оf thеіr individual аnd financial needs, іt mіght nоt bе surprising hоw fraudsters hаvе fоund thеіr wау аnd infiltrated thе mortgage market. Nowadays, thеrе аrе
The landscape of student loan debt has become a perilous one, not only due to the sheer financial burden carried by millions but also because of the ever-increasing sophistication of scammers seeking to exploit vulnerable borrowers. As of early 2025,
Navigating the Minefield: A Guide to Identifying and Avoiding Student Loan Scams Read More »
Are уоu а real estate investor searching fоr а quick, “no hassle” business loan? Or а small business tempted bу advertisements promising loans rеgаrdlеѕѕ оf уоur previous credit history? If so, уоu represent thе target group fоr con artists
