Archive for July 26th, 2010
ForexLive Asian market open: EUR, AUD maintaining strength – ForexLive (blog)
July 26th, 2010. Published under Political Scams. No Comments.
ForexLive Asian market open: EUR, AUD maintaining strength ForexLive (blog) But after what they pulled with the sub-prime scam , even after this thing turns around I'm going to remain skeptical- because the animals who fleeced the … and more
Deceptive Marketers Banned from Selling Mortgage Relief Services; One Defendant Ordered to Pay $11.5 Million
July 26th, 2010. Published under Business Scams, Fraud, Scams. No Comments.
Eight marketers are banned from selling mortgage modification or foreclosure relief services under settlements with the Federal Trade Commission. The FTC alleged that the marketers charged homeowners up-front fees and falsely claimed they could get their mortgage loans modified or prevent foreclosure on their homes. The settlements in three separate actions are part of the FTC’s ongoing efforts against scams that target financially distressed consumers. The FTC settled with the following defendants: Federal Loan Modification Law Center. Steven Oscherowitz settled FTC charges that he and others advertised and sold a so-called “Federal Loan Modification program.” They charged up to $3,000, much of which they required up-front, but Federal Loan Modification often failed to live up to the promised results, according to the FTC’s complaint. (4/6/2009 release http://www.ftc.gov/opa/2009/04/hud.shtm ). The settlement order against Oscherowitz permanently bans him from selling mortgage relief services and from telemarketing any good or service. Under the order, Oscherowitz also is prohibited from misrepresenting any good or service, selling or otherwise benefitting from customers’ personal information, and failing to dispose of customer information properly. The order imposes an $11.5 million judgment against Oscherowitz, which represents the amount consumers paid to the defendants while he was involved in the alleged scheme. Any money collected to satisfy the judgment will be paid to injured consumers if practicable, or to the U.S. Treasury as disgorgement of ill-gotten gains. Two individual and three corporate defendants already have settled charges against them in this case, and the FTC continues to pursue its case against five other defendants. Loss Mitigation Services. Dean Shafer, Marion Anthony “Tony” Perry, and Bernadette Perry, also known as Bernadette Carr and Bernadette Carr-Perry, settled allegations that they falsely promised that a loan modification was assured or virtually assured if consumers paid an advance fee of up to $5,500. Shafer and the Perrys, who were principals of Loss Mitigation Services, Inc. (LMS) and Synergy Financial Management Corporation, doing business as Direct Lender or DirectLender.com (Direct Lender), also allegedly misrepresented that the companies were a department of, or affiliated with, the consumer’s lender or mortgage servicer. In addition, Shafer and the Perrys falsely claimed that consumers would receive refunds if LMS or Direct Lender failed to secure a loan modification. In many cases, the defendants failed to obtain loan modifications for consumers, and some consumers lost their homes while waiting for the promised results. (7/15/2009 release http://www.ftc.gov/opa/2009/07/loanlies.shtm .) Under the settlement orders, Shafer and the Perrys are banned from selling mortgage relief services. The orders also impose a $6.2 million judgment that is suspended due to their inability to pay. In addition to the orders against Shafer and the Perrys, the FTC obtained a default order against LMS and Direct Lender, banning them from selling mortgage relief services and ordering them to pay $6.2 million. Hope Now Modifications. Brothers Salvatore and Nicholas Puglia, Hope Now Modifications LLC, and Hope Now Financial Services Corporation settled FTC charges that they falsely claimed that they could obtain mortgage loan modifications in all or virtually all cases and would refund consumers’ money if they failed, and that they were affiliated with, or part of, the HOPE NOW Alliance, a free federal homeowner assistance program. (3/24/2009 release http://www.ftc.gov/opa/2009/03/newhope.shtm ). In addition to banning the defendants from selling mortgage relief services, the settlement order against them permanently bars them from misrepresenting any good or service, violating the Telemarketing Sales Rule, selling or otherwise benefitting from their customers’ personal information, and failing to dispose of their customer information properly. The order also imposes a judgment of almost $5.3 million, which will be suspended when the defendants surrender all of the funds in their bank accounts, which were frozen by the court. The Commission votes to authorize staff to file the stipulated final orders in Federal Loan Modification Law Center and Loss Mitigation Services were 5-0. The orders were entered by the U.S. District Court for the Central District of California on July 12, 2010, and July 14, 2010, respectively. The Commission vote to authorize staff to file the stipulated final order in Hope Now Modifications was 5-0. The order was entered by the U.S. District Court for the District of New Jersey on July 12, 2010. NOTE: Stipulated court orders are for settlement purposes only and do not necessarily constitute an admission by the defendants of a law violation. Stipulated orders have the full force of law when signed by the judge. The Federal Trade Commission works for consumers to prevent fraudulent, deceptive, and unfair business practices and to provide information to help spot, stop, and avoid them. To file a complaint in English or Spanish, visit the FTC’s online Complaint Assistant or call 1-877-FTC-HELP (1-877-382-4357). The FTC enters complaints into Consumer Sentinel, a secure, online database available to more than 1,800 civil and criminal law enforcement agencies in the U.S. and abroad. The FTC’s Web site provides free information on a variety of consumer topics .
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Deceptive Marketers Banned from Selling Mortgage Relief Services; One Defendant Ordered to Pay $11.5 Million
The Illuson of Economic Recovery, Major Indicators Point Towards Further Collapse – The Market Oracle
July 26th, 2010. Published under Political Scams. No Comments.
The Illuson of Economic Recovery, Major Indicators Point Towards Further Collapse The Market Oracle As a result of the success of the alternative media a good many investors realize we have a systemic credit crisis that has turned into a debt crisis as … and more
Left-wing Env. Scientist Bails Out Of Global Warming Movement: Declares it a … – Prison Planet.com
July 26th, 2010. Published under Political Scams. No Comments.
Left-wing Env. Scientist Bails Out Of Global Warming Movement: Declares it a … Prison Planet.com Rancourt is also very critical of proposed global warming carbon trading or cap and trade . “Someone is going to make a lot of money from these schemes. … and more
Left-Wing ‘Hactivists’, Right-Wing Conservatives Work to Oppose Carbon Markets – SolveClimate (blog)
July 26th, 2010. Published under Fraud, Political Scams. No Comments.
Brisbane City News Left-Wing 'Hactivists', Right-Wing Conservatives Work to Oppose Carbon Markets SolveClimate (blog) “The cap and trade system … generates outrageous profits for big industry polluters, investors in fraudulent offset projects, opportunist traders and new … Hacktivists hit European Climate Exchange site. Finextra all 12 news articles
Hackers shut down EU carbon-trading website – U.TV
July 26th, 2010. Published under Political Scams. No Comments.
Hackers shut down EU carbon -trading website U.TV The website of the London-based carbon credit trading platform was hacked at close to midnight on Friday and showed the spoof homepage for around 22 hours. … and more
Hackers shut down EU carbon-trading website – The Guardian
July 26th, 2010. Published under Political Scams. No Comments.
Hackers shut down EU carbon -trading website The Guardian The website of the London-based carbon credit trading platform was hacked at close to midnight on Friday and showed the spoof homepage for around 22 hours. … and more
Is America Surrendering to China’s Trade War? – Big Government (blog)
July 26th, 2010. Published under Political Scams. No Comments.
Is America Surrendering to China's Trade War? Big Government (blog) Liberal Democrats have another scheme to launch on the American people this one is called “ Cap and Trade ” – essentially this nightmare would allow the …
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Is America Surrendering to China’s Trade War? – Big Government (blog)
On the Chicago Carbon Exchange – Huntsville Item
July 26th, 2010. Published under Political Scams. No Comments.
On the Chicago Carbon Exchange Huntsville Item To accept that there is a need for the “exchange of carbon emission credits ” one must first believe that there is dramatic, quantifiable global warming of …
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On the Chicago Carbon Exchange – Huntsville Item