Beware of This Banks Cashier Checks

American National Bank and Trust Company has reported that counterfeit cashier’s checks using the bank’s routing number of 051401027 are being presented for payment nationwide in connection with various internet scams involving mystery shopping and job opportunities. There are at least three known variations of counterfeit items in circulation; coloration is unknown. Variation #1 – … Read more

FNB Loan Text Message is Scam – Watch Out

The Office of the Comptroller of the Currency (OCC) has been informed that an entity using the name “FNB” is misrepresenting itself as a national bank. While the entity may represent that they are affiliated with a legitimate financial institution, they are not. The fictitious entity has been robocalling and robotexting consumers to obtain information … Read more

Beware of Amarico Trust Bank Scam

The Office of the Comptroller of the Currency (OCC) has been informed that an entity using the name “Amarico Trust Bank” and branding itself as “AmTrust Bank,” an inactive institution, is misrepresenting itself as a national bank. The fictitious entity has been using a foreign-hosted website designed to obtain information to likely perpetrate identity theft. … Read more

Two Arrested in Los Angeles for Their Roles in Hospice Fraud Conspiracy

Two California hospice facility owners were arrested today in Los Angeles on criminal charges related to their alleged participation in a kickback and health care fraud scheme. According to court documents, Oganes Doganyan, 49, of Northridge, and Kristine Arutyunyan, 38, of Glendale, paid illegal kickbacks for the referral of Medicare beneficiary information that could be … Read more

Bogus Student Loan Relief Payment Processor Banned

The Federal Trade Commission obtained an order permanently banning a payment processor that facilitated a fraudulent student loan debt relief scheme from processing debt relief payments. The order also requires the company and its owner to surrender $500,000 to the FTC for consumer redress. The FTC’s complaint against Automatic Funds Transfer Services, Inc. (AFTS) and … Read more

Three Operators of Financial Services Firm Charged and Arrested in Alleged $155 Million Investment Fraud Scheme

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A three-count criminal indictment was unsealed yesterday in federal court in the Eastern District of New York charging Roberto Gustavo Cortes Ripalda, 54, of Madrid, Spain; Fernando Haberer Bergson, 48, of Buenos Aires, Argentina; and Ernesto Heraclito Weisson Pazmino, 53, of Miami, Florida, with conspiring to defraud investors and financial institutions as part of an … Read more

Beware of Debt Collection and Other Financial Service Scams, Especially During PostHoliday Bill Paying Season

The Federal Communications Commission has noticed an increase in scam debt relief calls, like the one I got. Here is the FCC statement, “The Federal Communications Commission is alerting consumers to be aware of callers falsely offering lower credit card payments or interest rates, credit card debt relief, and improved credit scores. These scams can … Read more