ArksEndeavors

4 Ways To Avoid The “Student Loan Tax” Scam

Being on the hook for thousands of dollars in student loan debt is pressure enough for most people. They shouldn’t also have to worry about being taken advantage of by “student loan tax” fraudsters in what appears to be the latest iteration of the IRS impersonation scam. [More]

(bclinesmith)

Banks Are The Key To Stopping Scammers That Target One In Five Older Americans

If we’ve said it once, we’ve said it a million time: those who attempt – and often succeed – at scamming senior citizens of their savings are the worst of the worst when it comes to already unsavory, immoral fraudsters. Despite regulators’ attempts to take these operations out of commission, one in five older Americans report being the victims of financial exploitations either by ne’er-do-wells or family members. [More]

Payday Loan Operator MoneyTree Latest Company To Fall For CEO Email Scam

Payday Loan Operator MoneyTree Latest Company To Fall For CEO Email Scam

Employees of payday lending company Moneytree are used to taking the personal information of customers in exchange for short-term cash infusions. Some of those workers recently found themselves on the other side of the fence after someone at the company fell for the CEO email scam.  [More]

Roger Shaw

Identity Theft Victim Confronts Alleged Scammer

There’s an episode of Friends in which Monica’s identity is stolen and she goes on to become best friends with the woman posing as Monica Geller, you know, before she goes to jail. Things didn’t so quite the same for a Los Angeles woman who says she confronted a couple she alleges used her identity to open credit card accounts and file income tax returns. [More]

(James LeVeque)

Most Scams Use The Same Three Underlying Tactics To Steal Your Money

From fraudsters bilking the elderly by posing as their cash-strapped grandkids, to fake lawyers defrauding immigrants in need of legal help, we’ve covered a wide range of scams on Consumerist. But while there are countless variations on these crimes, they are all based on the same few ideas. [More]

Beware Of The Santa Scam: There’s Nothing Holly Jolly About Identity Theft

Beware Of The Santa Scam: There’s Nothing Holly Jolly About Identity Theft

Imagine the look in your child’s eye when they open one last gift on Christmas morning. This one isn’t a toy car, a baby doll, or some electronic, it’s a handwritten letter from everyone’s favorite big guy, Santa. But for every legitimate company that offers to send “Santa letters” or provide calls from Jolly Ol’ St. Nick, there’s bound to be another that just wants to Scrooge you out of your money — or worse.  [More]

(frankieleon)

Beware: Delivery Scams Are The Grinch Of The Holiday Season

With just days remaining before Christmas, you might be impatiently waiting for a few last deliveries to show up at your door. While those deliveries might be a sight for sore eyes, there’s another – of the scammy kind – that you should be on the look out for.  [More]

The operation sent millions of letters like the one picture above to students and families promising assistance in receiving financial aid.

Feds Sue Scammers Who Charged For Bogus Student Financial Aid Assistance

Paying for college out of pocket is nearly impossible for millions of prospective students. Instead, these individuals turn to scholarships, grants, and student loans, often relying on financial service programs to assist them in obtaining the funds. But not all of the companies promising a helping hand are looking out for your best interests. That was apparently the case for a California company accused of ripping off tens of thousands of victims in a nationwide financial aid scam. [More]

(v)

Couple Plead Guilty To Scamming Kohl’s Of $600,000 In Rewards Cash

Sure, sometimes that Kohl’s cash you earned goes to waste: you forgot about it or found there simply wasn’t anything in the store you could use it on. One New Jersey couple apparently didn’t have those problems. Instead, police say they created a system to scam the retailer’s rewards program to the tune of $600,000 in products.  [More]

Operator Of Bogus Debt-Relief Scheme Must Return $7.9M To Harmed Consumers

Operator Of Bogus Debt-Relief Scheme Must Return $7.9M To Harmed Consumers

The operator of a bogus debt relief scheme that federal regulates say only left consumers deeper in debt must provide some actual assistance to those affected by the program in the form of a $7.9 million judgment imposed by the Federal Trade Commission.  [More]

Using Only His Phone, Man Scams 217 Macy’s Stores Into Issuing Fraudulent Refunds

Using Only His Phone, Man Scams 217 Macy’s Stores Into Issuing Fraudulent Refunds

If you plan to go on a scamming spree, you probably shouldn’t use your actual email address when completing the transactions. That was ultimately the undoing for a Georgia man who federal authorities say duped more than 200 Macy’s stores in 31 states into issuing fraudulent refunds — and all without having to drive to the mall. [More]

CFPB Releases Educational Guides To Help Non-English Speakers Avoid Scams, Understand Financial Issues

CFPB Releases Educational Guides To Help Non-English Speakers Avoid Scams, Understand Financial Issues

Understanding the world of finance can be difficult for just about anyone in this country, but especially so when the rules of the industry are written in a language that you might not be proficient in. For these consumers, the Consumer Financial Protection Bureau has created a new set of guides aimed at helping them avoid financial devastation. [More]

Pennsylvania Man Charged With Racketeering Related To Massive Payday Loan Scheme

Pennsylvania Man Charged With Racketeering Related To Massive Payday Loan Scheme

A life of stealing started with the snatching of a candy bar and transformed into an illegal multi-million dollar online payday lending scheme that allegedly defrauded thousands of people. At least that’s what federal prosecutors say led to charges against a Pennsylvania man recently. [More]

The FTC's latest fotonovela depicts Myriam and Pedro's issues dealing with the underreported and often devastating Notario scheme.

FTC Releases Spanish-Language Graphic Novel Warning Consumers Of Notario Scam

It’s not unusual for the Federal Trade Commission to issue advisories or warnings about potentially harmful frauds, scams and schemes. Today, the agency took a more unique approach to alerting Spanish-speaking consumers to the often-underreported “notario” deception by releasing a graphic novel on the subject. [More]

CFPB, Navajo Nation Team Up To Put An End To Tax Scheme Targeting Low-Income Consumers

CFPB, Navajo Nation Team Up To Put An End To Tax Scheme Targeting Low-Income Consumers

For many low-income consumers, tax time provides an opportunity to catch up on bills and get back on track financially. Unfortunately, there are unscrupulous companies out there that aim to make money of these same consumers by pointing them in the direction of high-cost tax-refund-anticipation loans. That appears to be the case for the owner of New Mexico-based H&R Block franchises and a tax-time loan company operating an alleged illegal tax-refund scheme.   [More]

(7NEWS Denver)

Be On The Lookout For Boxes Of Rocks When Shopping For Post-Holiday Deals

In the coming weeks, some retailers will be offering deals on unsold stock of popular holiday gift items. Sometimes stores are up-front about whether or not a particular product was previously purchased and returned, while many just put these items back into inventory with the truly new stuff. That’s why you need to open up those boxes before you leave the store — or else risk getting home to find you’ve purchased a box of rocks. [More]

Beware Of Scammers Using The Washington Mudslide To Profit Off Your Generosity

Beware Of Scammers Using The Washington Mudslide To Profit Off Your Generosity

As the Washington mudslide death toll continues to rise and many people remain missing, you may feel the urge to donate to charities poised to help the victims. Donating to the cause is commendable, but unfortunately there are evil people in this world who take one person’s misfortune and use it for their personal gain. So the Federal Trade Commission is once again reminding consumers to be wary of charity scams. [More]