January 2017 Archives

Third time lucky? Capitol Hill bill targets senior-focused fraud

As you age, do you feel progressively more vulnerable regarding your potential for being ripped off in a consumer-related scam? That would be only natural, given the sheer proliferation of fraudulent schemes in recent years and the very evident efforts of bad-faith actors in targeting seniors as victims.

U.S. Supreme Court hears debt collection case

United States Supreme Court Justice Sonia Sotomayor recently said she had "a great deal of trouble" with a business model involving the purchase of consumer debt. Sotomayor and the rest of the court heard a case this week revolving around a firm that purchases consumer debt for pennies on the dollar and then tries to recover payments from people in bankruptcy -- even though it is barred by state laws from doing so.

Dealer Fraud: FBI Arrest VW Exec for Conspiracy

I am very happy to report that the FBI has arrested a VW executive. The NY Times reports that the FBI accuses "him of playing a central role in a broad conspiracy to keep United States regulators from discovering that diesel vehicles made by the company were programmed to cheat on emissions tests." This form of Dealer Fraud and Manufacturer Fraud is probably just the tip of the iceberg.

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