Monday, September 23, 2019
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Have you ever noticed that when people say not to worry about money it usually means they’ve got a lot and you don’t? Here at the Wake Forest News we take money seriously and cover the topic like nobody’s bidness.

Donating to Help Police or Other First Responders

Some good charities do great work to help first responders, our everyday heroes. Unfortunately, a few charities say they’ll help law enforcement officers, firefighters or their families, but do very little. They spend the vast majority of donations on fundraising, salaries and other expenses. That’s what happened with the Disabled Police and Sheriffs Foundation (DPSF). The FTC and the State ... Read More »

Stop Fighting About Money

You meet your soul mate. You fall in love and live happily ever after, right? It doesn’t always work that way, especially when money is involved. It can be trickier to combine your finances than negotiating whose turn it is to do the dishes or who is in charge of the remote control. Opposites attract, and sometimes that can mean ... Read More »

Payday Lender Demands Nude Selfies as Collateral for Naked Loan Services

Let’s just hope more payday lenders don’t adopt the practices of the Far East Credit Company. Allegedly lenders in China was requesting nude pictures of female borrowers as collateral. A leak of images “exposed” 167 borrowers so far. The loans apparently began through Jiedaibao, a peer-to-peer lending platform in China. The request for nudes as collateral on Jiedaibao had been ... Read More »

Can I Amend My Borrower Defense to Repayment Claim?

Question: Dear Steve, Attended ITT Technical and was deceived by their recruiters. I filed a Borrowers Defense to repayment-previously but never heard back from the Department of Education. I now have come up with more supporting documentation. Can I file an “amended” BTR online? Charles Answer: Dear Charles, Well, this falls under the heading of sure, but what’s the point. ... Read More »

I Got a Target Credit Card and Now I’m Being Sued

Question: Dear Steve, A case was filed against me for money lent on contract / stated account. Now pending a hearing. I saw an advertisement from Target for a record player on sale for $119.00, so I went to Target to buy it. When I saw it and decided to buy it the assisting clerk asked me if I would ... Read More »

Department of Justice Begins Third Distribution of Funds Recovered Through Asset Forfeiture to Compensate Victims of Bernard Madoff Fraud Scheme

The Department of Justice recently announced that the Madoff Victim Fund (MVF) began its third distribution of $695.4 million in funds forfeited to the U.S. Government in connection with the Bernard L. Madoff Investment Securities LLC (BLMIS) fraud scheme, bringing the total distributed to nearly $2 billion.  These funds will be sent to over 27,000 victims across the globe, bringing ... Read More »

Crackdown Stops Operations Responsible for Billions of Illegal Robocalls

Unwanted calls pitched auto warranties, debt-relief services, Google listings, and a fake charity Four separate operations responsible for bombarding consumers nationwide with billions of unwanted and illegal robocalls pitching auto warranties, debt-relief services, home security systems, fake charities, and Google search results services have agreed to settle Federal Trade Commission charges that they violated the FTC Act and the agency’s ... Read More »

Two Men Found Guilty in International Cyber-Fraud Scheme Involving Online Dating and Business Email Compromises

A citizen of Nigeria residing in Atlanta, and a citizen of Mexico residing in California, were convicted Wednesday after a seven-day trial in the U.S. District Court for the Western District of Tennessee on charges related to the part each played in an international cyber fraud scheme. Olufolajimi Abegunde, 31, of Atlanta, Georgia, and Javier Luis Ramos-Alonso, 29, of Seaside, ... Read More »

Robocallers, You’re Out

Most robocalls are prohibited by law, but scammers and dishonest people continue to send them. And even some legitimate companies violate peoples’ privacy rights with illegal robocalls. Today the FTC announced several victories in the fight against illegal robocalls.   In the first victory, the FTC announced that it stopped the operator of a series of sham charities called “Veterans of ... Read More »