Resources2018-05-29T08:37:37+00:00

Prevention Resources

These are fraud summaries, each describing how each fraud is executed.

This data is a resource you can review to avoid getting caught up in a fraud event.

You may already know some of them. A well-informed person is a well-armed person.

Georgia real estate investor to serve 16 months in prison for bid rigging foreclosure auctions.

A real estate investor from Georgia indicted for bid rigging has received a sentence.  His name is Douglas L. Purdy and he will serve 16 months in jail. According to the indictment papers, he was a part of a plan to rig foreclosure auctions. These auctions had locations in different parts of Georgia including the cities of Alpharetta, Cumming, [...]

The emerging consumer frauds of the US-Mexico Border “Crisis”

According to the latest US Customs and Border Protection (CBP) reports, immigrants/refugees crossing into the USA are now at an all-time high level. In the month of May 2019, 144,278 refugees, including children, were arrested and detained. This data was provided by Border Patrol and Border Protection and was declared as a historic off the chart figure. It is [...]

State Street executive defrauded customers out of billions with hidden fees.

A federal jury in Boston convicted a former State Street executive of hidden fee fraud. State Street is a financial services and bank holding company. The perpetraitor's name is Ross McLellan. As a part of this scheme, he helped defraud account holders out of billions. McLellan was the executive vice president for State Street when he ran the hidden [...]

The emerging consumer frauds of the US-Mexico Border “Crisis”

“It’s a real story riven with fraud scams, fake news, and an enduring false narrative”. According to the latest US Customs and Border Protection (CBP) reports, immigrants/refugees crossing into the USA are now at an all-time high level. In the month of May 2019, 144,278 refugees, including children, were arrested and detained. This data was provided by Border Patrol and [...]

Editorial, Fraud News|

Former CEO of virtual reality company pleads guilty to securities fraud.

The former head of a virtual reality company pleaded guilty to securities fraud in June 2018. Neil Chandran was a past CEO of the  Sungame company. Through this company, Chandran conducted a scheme to steal millions from investors. He did this through the sale of computer tablets valued at $1,000. The perpetraitor told victims that the computer tablets showed [...]

Former pastor who defrauded the elderly of $23m gets 68 year prison sentence.

A former Texas pastor stole $23 million from the elderly through investment fraud. The perpetraitor, Timothy Lloyd Booth committed this fraud between 2014 and 2016. Before he became a full time scammer, Booth was the pastor of Way of Grace church in McKinney, Texas. Way of Grace closed its doors in 2016. During the case investigation, law enforcement officials [...]

Blog, Fraud News|

“Godfather of Payday Lending” sentenced to prison for multiple frauds.

A man from Jenkintown will serve 37 months in prison for a racketeering scheme. The operator of the scheme was Adrian Rubin who conned victims with a payday lending business. This business was fraudulent and "violated the usury laws of Pennsylvania,” states US attorney, Zane David Memeger. Between 1998 and 2012 Rubin gave victims short term loans known as [...]

Blog, Fraud News|

More than just words…or lose these two words for a higher quality of life!

  Where I come from, using what’s generally referred to as “foul” language or swearing is normal, so much so that one of my childhood memories is as I was leaving Church one Sunday morning commenting, “I’m (expletive) glad that’s over” to which my Aunt coming from behind articulated herself with a cuff on my ear; “mind your (expletive) language”! [...]

Blog, Editorial|

Arizona fraudster blames opioid addictions for his telemarketing scams against the elderly.

In July 2018, Kyle Dennis received 7.5 years in prison for a telemarketing scam. This particular scam targeted the elderly. Dennis said that the reason behind his scam was his addiction to opioids. He also claimed that he used the scam to fund other personal expenses. Dennis operated the telemarketing scheme through Red Mountain Holding Company and Internet Advertisement [...]

Blog, Fraud News|

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Written by David Tracey.

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