Archive for December, 2007

Consumer Fraud Complaint Against Parkside Properties Over Violation of Lead Paint Standards Settled

Filed December 31st, 2007 Julie Ann Fidler

Vermont Attorney General William Sorrell has announced the settlement of a consumer fraud complaint stainst Parkside Properties, a rental property management company failed to maintain properties in compliance with the state’s lead paint abatement law, despite telling consumers that it understood and applied the correct law when performing maintenance services. The Montpelier-based landlord will have […]

BHM Golf of Villa Park Sued for Violating the Illinois Consumer Fraud and Deceptive Business Practices Act

Filed December 31st, 2007 Julie Ann Fidler

Illinois Attorney General Lisa Madigan is suing Brian H. Meyer, doing business as BHM Golf of Villa Park, alleging that Meyer violated the Illinois Consumer Fraud and Deceptive Business Practices. The Better Business Bureau and Madigan’s Consumer Fraud Bureau have received over 200 consumer complaints about the online sport retailer. Complaints range from customers never […]

Model Ship Builders Reportedly Fleeced in Internet Commerce Scam

Filed December 28th, 2007 Julie Ann Fidler

60-year-old Dennis Ray Lunde of Poulsbo, Washington, has been charged with first-degree theft in an alleged Internet commerce scam, in which Lunde posed as a Navy captain and sold model ship kits via the internet. Buyers sent money but never received the kits. Some of the buyers received emails appearing to come from Lunde’s wife […]

Officials Falling Behind on Mortgage Fraud Cases

Filed December 28th, 2007 Julie Ann Fidler

The New York Times recently reported that the FBI and other Officials are falling behind in keeping up with mortgage fraud cases. The number of mortgage fraud cases has doubled since 2005. The rate is eight times higher than it was in 2002. Banks filed 47,717 reports this year, up from 21,994 two years ago, […]

Randall Mortgage Services Inc. Sued for Identity Theft

Filed December 27th, 2007 Julie Ann Fidler

Per a recent press release, Ohio Attorney General Marc Dann and the Ohio Department of Commerce have sued Randall Mortgage Services Inc. and its owner and president, Robert Shepherd, for allegedly abandoning customers’ loan and personal financial information after the mortgage broker company closed its offices. Randall Mortgage Services surrendered its mortgage broker certificate of […]

Kansas City Man Pleads Guilty to Wire Fraud and Conspiracy

Filed December 27th, 2007 Julie Ann Fidler

Per a recent National Mortgage News article, Terrell Ford of Kansas City has pleaded guilty to one count of wire fraud and one count of conspiracy after creating a scheme to obtain mortgage loans based on inflated property appraisals. In his plea, Ford admitted the conspirators convinced low-income borrowers to apply for home loans or […]

Avoid National Corporation Registry Scam Run by National Business Registration, Washington Secretary of State Warns

Filed December 26th, 2007 Julie Ann Fidler

Washington Secretary of State Sam Reed is warning business owners about a new scam run by a company called National Business Registration. The company is sending out letters claiming that Under the Patriot Act of 2001, businesses need to register with the National Corporation Registry. The letter requests a fee of nearly $500 and states […]

Mortgage Rescue Fraud Prompts Illinois Attorney General to Sue Three Companies

Filed December 26th, 2007 Julie Ann Fidler

Illinois attorney General Lisa Madigan has filed three more lawsuits against mortgage rescue companies for allegedly violating the Illinois Mortgage Rescue Fraud Act and the Consumer Fraud and Deceptive Business Practices Act. Madigan is suing Homeowners Assistance Association (along with affiliated company Foreclosure LMS), Lender’s Foreclosure Relief, Inc., and United Home Servers, LLP because the […]

Financing Alternatives Inc. Computer Layaway Plan Scammed Those Who Could Least Afford It

Filed December 26th, 2007 Julie Ann Fidler

Honest parents who wanted to buy computers for their kids for Christmas were taken for thousands of dollars in a computer layaway scam run by Financing Alternatives Inc. According to a recent Consumer Affairs article, FAI, based in Chesapeake, Va., advertised nationwide, “Bad credit? No credit? No problem!” Countless thousands fell for the layaway scheme […]

Alaska State Mortgage Charged with Mortgage Fraud

Filed December 26th, 2007 Julie Ann Fidler

Federal prosecutors have charged nine people on 64 counts in the largest case of mortgage fraud in Alaska’s history. Per a recent KTTU news report, the group’s ring leader is said to be 34-year-old broker Lance Lockard. His father-in-law, 64-year-old Gary Paterna, was used as a buyer / investor, as was 33-year-old builder Jonathan Ruf. […]