http://consumer-fraud-blog.com Just another WordPress weblog Wed, 10 Mar 2010 23:21:01 +0000 http://backend.userland.com/rss092 en LifeLock has agreed to pay $12 million to settle charges thats it made false claims about its identity theft-protection services. In a record-breaking settlement reached with the Federal Trade Commission and state Attorneys General, LifeLock will pay $11 million to the FTC and another $1 million to states which filed lawsuits ... http://consumer-fraud-blog.com/2010/03/10/lifelock-settles-ftc-charges-of-false-advertising/ A Wisconsin man convicted on charges he ran a mortgage fraud ring in the Minnesota Twin Cities region faces criminal charges for an incident at a hotel earlier this year. According to Pioneer Press, Frederick Deen was sentenced to 24 months in prison for masterminding a $20 million mortgage fraud scheme ... http://consumer-fraud-blog.com/2010/03/09/twin-cities-mortgage-fraud-mastermind-sentenced-faces-additional-charges/ The US Attorney's Office in Alexandria, Virginia has reorganized its fraud unit to deal with the onslaught of fraud cases arising from the Great Recession bailouts. US Attorney Neil H. MacBride has renamed the fraud unit the Financial Crimes and Public Corruption Unit and appointed Michael Dry as its coordinator. Dry is ... http://consumer-fraud-blog.com/2010/03/08/us-attorney%e2%80%99s-office-prepares-to-handle-recession-bailout-fraud-cases/ A self-proclaimed psychic who claimed he culd predict swings in the stock market has been charged with federal counts of investor fraud. According to an ABC News report, Sean David Morton has been charged with running a multi-million-dollar investment fraud ring. Morton claimed he has psychic powers which could only benefit investors ... http://consumer-fraud-blog.com/2010/03/07/sec-charges-self-proclaimed-psychic-was-running-a-scam/ A Cape Coral, Florida police chief's son, along with four others, have entered into plea deals over criminal charges tied to a mortgage fraud conspiracy. Stephen Petrovich plead guilty to conspiracy to commit bank fraud and wire fraud, and to money laundering in connection to a conspiracy resulting in approximately $4.23 ... http://consumer-fraud-blog.com/2010/03/04/florida-police-chief%e2%80%99s-son-others-enter-plea-deal-over-mortgage-fraud/ The Food and Drug Administration has warned more than a dozen food manufacturers about the health claims they make on certain food labels. Regulators say the nutritional benefits of baby food, nuts and other products are being overstated. Many of the claims involve those made about benefits of trans-fat content, antioxidants ... http://consumer-fraud-blog.com/2010/03/04/fda-warns-food-makers-over-nutritional-claims-on-labels/ US bankruptcy judge Burton Lifland has upheld a cash-in, cash-out approach being used Madoff trustee Irving Picard, who is dividing up the Ponzi schemer’s assets. As a result, hundreds, if not thousands, of victims may not get any money back. Victims who took out more than they invested will get nothing, and ... http://consumer-fraud-blog.com/2010/03/03/some-madoff-victims-may-not-receive-funds/ The Federal Trade Commission has released a report listing top complaints consumers filed with the agency in 2009. It shows that while identity theft remains the top complaint category, identity theft complaints declined 5 percentage points from 2008. The top ten complaints included identity theft, debt collection, internet services and credit protection/repair. A ... http://consumer-fraud-blog.com/2010/03/02/ftc-releases-list-of-top-consumer-complaints/ A Tyler, Texas woman is suing a credit collection agency for repeatedly calling her about a debt that is not hers. Brandy Samuel claims the debt does not belong to her, yet ER Solutions Inc. and Does 1-10 continues to call her between 10 and 20 times per day. The plaintiff alleges ... http://consumer-fraud-blog.com/2010/03/02/texas-woman-sues-over-harassing-credit-collection-calls/ Four New Jersey men have been indicted on numerous charges related to their illegal ticket business, Wiseguys Tickets Inc. According to a CNN report, Kenneth Lowson, Kristofer Kirsch and Joel Stevenson have surrendered to authorities. A fourth suspect, Faisal Nahdi, is expected to surrender soon. Federal prosecutors allege the four men gained ... http://consumer-fraud-blog.com/2010/03/02/four-charged-with-defrauding-ticketmaster-on-marquee-events/