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Consumer and Financial Fraud
A consumer and financial rights lawyer can help individuals with cases and complaints involving consumer and financial fraud and possibly recover damages for losses or loss of profits.
FRAUD ARTICLES AND INTERVIEWS
Attorney Wants Phantom Fees Returned to Madoff Survivors
 Miami, FL: Lawyers at Dimond, Kaplan & Rothstein have seen a lot of hurt investors over the years—many of them victims of ponzi schemes less elaborate than the one Bernie Madoff ran, but ponzi schemes all the same. “The moral compass of people who commit those kinds of crimes is something that my partners and I will never understand,” says Jeffrey Kaplan. “You either have a moral compass, or you don’t. We’ll never be able to understand what goes through the head of someone who can commit such a heinous fraud.” [ Read More ]
Law Firm Takes Google to Court
 New Haven, CT: So what do lawyers do when they feel they have been dealt with unfairly? Well they go to court, that’s what they do. Stratton & Faxon, a personal injury firm in New Haven, Connecticut is more than a little perturbed about Google selling its hard-earned firm name to one of its competitors. [ Read More ]
Expedia at Losing End of Two Alleged Consumer Fraud Rulings
 Columbus, GA: Alleged consumer fraud is most grievous in the midst of a soft economy, when consumers have to dig even deeper and sacrifice even more—whether that sacrifice involve simply putting food on the table, or something in the recreational vein such as a vacation. A second class-action loss in as many months suffered by the online travel giant Expedia suggests there are teeth in the Consumer Fraud Act, and consumer protection is upheld. [ Read More ]
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MORE FRAUD
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FRAUD IN THE NEWS
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JUN-29-09: Bernard Madoff recently convicted for masterminding the largest Ponzi scheme in history, was sentenced to 150 years in prison on Monday. [CNN: MADDOFF GETS 150 YEAR PRISON SENTENCE]
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JUN-29-09: John Froelich, a 52-year old nurse has been sentenced to 9 years in jail and ordered to pay back $2.6 million he defrauded customers of in an allergy-testing fraud scheme. He was one of 9 defendants in the case, which involved federal charges of submitting fraudulent bills totaling $11.5 million to more than 200 insurance companies. [UPI:]
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JUN-29-09: Two plaintiffs involved in a class action lawsuit against the city of Fargo, believe they should share a $15,000 fine to be paid by the city. They sued the municipality claiming it had violated their rights by assessing higher traffic fines than state law allows. Currently, there are about 53,000 drivers included in the class action. [JAMESTOWN SUN]
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JUN-17-09: Theonline travel site Expedia has been hit with a second class action suit, as the Georgia Supreme Court ordered it to pay an undetermined amount to the City of Columbus Georgia. Still pending are similar suits brought by 175 municipalities in Texas, and the Georgia cities of Atlanta and Rome
[CONSUMER AFFAIRS: EXPEDIA SUED BY GEORGIA]
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JUN-16-09: A fraud lawsuit has been filed by the software giant Microsoft - it's first ever lawsuit reportedly - alleging that the defendants drained the ad budgets of rivals on Microsoft's adCenter network by bombarding rival ads with clicks so that their own ads could get higher play in results. Microsoft reportedly ended up paying $1.5 million in ad credits to the victims, as compensation. So, the lawsuit is seeking $750,000 in compensatory damages, and an injunction against the defendants. According to media reports, Microsoft has decided to take a more active role in deterring commercial online fraud. [WASHINGTON POST: MICROSFT FILES FRAUD SUIT]
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MAY-27-09: A new study released in North Carolina states that fraud committed against the elderly is increasing, and stronger laws are needed. While schemes to rip-off unsuspecting seniors are nothing new - the study found that the sophistication of the schemes, and the international scope of fraudulent operations is increasing, because they are targeting the aging baby boomer population. [WSOCTV: ELDER FINANCIAL FRAUD INCREASING]
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FRAUD SETTLEMENTS
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Advocate $3.5 Million Settlement Approved for Uninsured Patients |
Pfizer, Pharmacia Found Guilty of Medicaid Fraud |
AIG and Ex Execs to pay $115 Million to Teachers Retirement System of Louisiana |
Financial and Consumer Fraud
 The financial rights of citizens and residents can be breached and damaged by businesses promoting fraudulent services, products, investments, and opportunities. These unlawful activities can be classified as consumer and financial fraud. Protecting yourself and your neighbors against fraud and exercising your individual rights concerning financial and consumer fraud starts with you.
Some examples of consumer and financial fraud include: - Business Opportunities Fraud, Small Business Scams
- Mortgage Loans, Title Loans, and Home Refinancing Scams
- Fair Credit Reporting, Credit Card Fraud
- Stock, Investment and Insurance Fraud
- Negative Option (you pay unless you cancel) Marketing Plans
- Tax Evasion Schemes
- Identify Theft/ Fraud
- Unfair and Deceptive Business Practices
- Internet and Email Fraud
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Internet Scams
The Federal Trade Commission (FTC) says the top internet and email scams include: Online Auctions, Credit Card Theft/Fraud, Internet Access Services scams, International Modem Dialing, Travel and Vacation offers, Health and Diet products, Pyramid Schemes, Business Opportunities, and Investment services or programs. Read tips from the FTC on fraud prevention and protection.
The U.S. Securities and Exchange Commission (SEC) has also released some guidelines against Internet Fraud and Internet Investment Scams.
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Consumer or Financial Fraud Legal Help
If you have suffered as a result of consumer or financial fraud, please click the link below to send your complaint to a lawyer to evaluate your claim at no cost or obligation.
Posted on Nov-3-05
Updated on Jun-29-09
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