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Consumer Fraud Forum Blog

How to Check if Your Financial Advisor is a Credible Professional or Just a Scammer After Your Money

POSTED: Consumer Fraud ForumSeptember 7, 2017 at 4:26 PM / Financial & Insurance Fraud

Anyone can be a financial advisor since there are no specific qualifications nor does a person need to be registered. How do you know they are not amateurs or scammers, when you are looking for guidance and support on your investments?  

How to Find Out if You're Owed a Life Insurance Payment

POSTED: William PinilisMay 2, 2016 at 11:30 AM / Financial & Insurance Fraud

We recently told you about a 60 Minutes report that highlighted a disturbing life insurance industry practice: the witholding of payments owed to a significant number of beneficiaries.

Financial Fraud in the Digital Age

POSTED: William PinilisApril 25, 2016 at 11:00 AM / Financial & Insurance Fraud, Scams

Financial fraud is nothing new, it has been around for thousands of years.  But thanks to the digital age financial fraud has never been easier than ever.  Learn some of the hard core facts about financial fraud in the digital age with this infographic from the New England College.

Life Insurance Agencies Accused of Not Paying Beneficiaries

POSTED: William PinilisApril 22, 2016 at 10:30 AM / Financial & Insurance Fraud

Audits of the nation's leading insurance companies have uncovered a systematic, industry-wide practice of not paying significant numbers of beneficiaries.

Lying Debt Collectors Deceive the Vulnerable

POSTED: William PinilisOctober 28, 2015 at 12:05 PM / Financial & Insurance Fraud

Debt collectors illegally raked in $31M from struggling customers trying to pay overdue bills. Fifteen employees were charged with using threats and deception towards the consumers, many of whom are elderly and/or disabled.

5 Likely Problems with New Chip Credit Cards

Today is the deadline for retailers to adopt scanners for new credit cards that contain a computer chip. These new cards (armed with so-called EMV technology, which stands for Europay, Mastercard and Visa,) are said to add another layer of security.

FTC Cracks Down on Massive Payday Loan Fraud Scheme

The Federal Trade Commission has banned several payday loan operators from the consumer lending business after exposing them in a scheme that bilked millions of dollars from people trapped into unauthorized loans.

Banks Can Double-Cash Your Checks. Who Pays? You.

POSTED: William PinilisJune 23, 2015 at 10:57 AM / Financial & Insurance Fraud

Because of a new way of depositing checks, banks can possibly cash a check you've written twice. If that happens, you could be double-paying.

Here's how - many banks these days have new technology known as "remote deposit capture." This is a way for people to deposit checks via a mobile device, by taking a...

Basketball Star Tim Duncan Lost $20 M to Crooked Adviser

POSTED: William PinilisJune 19, 2015 at 10:21 AM / Financial & Insurance Fraud

One would think that the rich and famous have good, trustworthy people to advise them on what to do with those giant piles of money. But, that's not always the case. Even sports stars can be swindled out of significant chunks of money. 

That's just what happened to Tim Duncan, power forward of the San...

There's No Such Thing as Free Money

POSTED: William PinilisMay 26, 2015 at 10:17 AM / Identity theft, Financial & Insurance Fraud

No matter what anyone tells you, there's no such thing as "free money." No one who is legitimate is going to come to you offering a chunk of money that you can freely spend on anything you wish.

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