FTC returns money to consumers affected by mortgage relief scheme

The Federal Trade Commission (FTC) is returning money to consumers who lost money in a loan modification scheme. The FTC won a court action against Jackson, Crowder & Associates and Crowder Law Group and is sending out more than $467,000 to consumers. The FTC alleges the defendants charged large upfront fees for mortgage relief services that were not…

Be careful with people who call offering ‘mortgage relief’

Having trouble with your mortgage? Be careful. Sometimes the people offering help are only trying to help themselves to what money you have left. At the request of the Federal Trade Commission (FTC), a federal court has temporarily halted Los Angeles-based Wealth Educators, Inc. and its president from offering mortgage relief services. The company allegedly took…

Don’t get taken by a fake debt collector!

It’s easy to get rattled when a debt collector calls. Is the debt real? The caller might use abusive, threatening language, but maybe you took out a payday loan years ago and missed a payment? It might be tempting to pay and make it go away, but… not so fast. You could be paying a…

Cedar Park man pays restitution after alleged securities fraud

The Texas State Securities Board (TSSB) recently announced a plea agreement from Robert Patrick McGann of Cedar Park, Texas, who allegedly stole money from investors. McGann will pay full restitution of $141,234, receive seven years deferred adjudication and surrender his license to sell insurance in Texas. McGann, who has never been registered to sell securities in Texas, took money…

FTC returns over $2.9 million to Inc21 cramming victims

Your cellphone bill is probably expensive enough without companies sticking unwanted charges on it without your consent–a practices known as cramming. The Federal Trade Commission (FTC) recently announced it is mailing out a second round of payments totaling more than $2.9 million to victims of the Inc21 cramming scheme shut down by the FTC in 2010….

Defendants in Spanish-language scheme banned from telemarketing, selling weight-loss products

In a settlement with the Federal Trade Commission, defendants in a Spanish-language marketing scheme are banned from telemarketing and selling weight-loss products. The defendants allegedly charged Spanish-speaking consumers for unordered and defective products and made it costly or nearly impossible to get refunds. According to a the FTC, The Hispanic Global Way defendants sold products via…

15-Year Sentence for Securities Fraud Against Elderly

The Texas State Securities Board announced last week that Charles Wayne Kilway of North Richland Hills was sentenced to 15 years in state prison for fraudulent securities sales and theft of property from the elderly. Kilway allegedly stole $10,000 or more. Kilway was also sentenced to 10 years in prison for violating the conditions of…