Friday, September 24, 2010

Fake Interest Group, Tied to Rove, Has Hands in Alaska Politics

Alternet by Adele Stan


The New York Times‘ Mike McIntire has a great piece of enterprise journalism on the paper’s front page today, outlining how interest groups with generic-sounding names can wield undue influence in a state’s electoral politics, even if the “group” is just one political operative halfway across the globe. Of course, that influence is greatly helped if you’re in a partnership with former Bush adviser Karl Rove:

“Americans for Job Security has no purpose other than to cover various money trails all over the country,” the staff of the Alaska Public Offices Commission said in a report last year.

Click here to read the full article.

Alternet by Adele Stan

10 Warning Signs And 10 Questions To Ask When Seeking A Financial Advisor

A study by securities officials of "free meal" financial investment seminars, found that half of them exaggerated or made misleading claims about their services. More than 10% were actually fraudulent, selling non-existent products or promising unrealistic returns.

Anyone can set up shop and call themselves a financial advisor or planner, without either experience or qualification. You don't even need a high school diploma!

In some cases, a financial advisor may actually claim to have professional qualifications, when in reality these are invented or based on a home study course that took as little as two hours to complete.

Click here to read more.

©Copyright Audri and Jim Lanford. All rights reserved.
Reprinted with permission.
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Thursday, September 16, 2010

New Scams Uncovered as ID Theft Toll Soars to 10m

Real estate and identity theft cons snare more victims, state falls for $2.5m trick

Real estate and identify theft scams provide the main focus for our new round-up of the scam headlines.

We have the latest figures on the scale of ID theft in the US and news of a sneaky trick using parking tickets to try to steal people's personal details. Phony jobs are also back on the scene, again as a route to getting hold of private information.

Click Here to read the entire article.

©Copyright Audri and Jim Lanford. All rights reserved.
Reprinted with permission.
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http://www.scambusters.org


Saturday, September 4, 2010

How Ruthless Banks Gutted the Black Middle Class and Got Away With It

Alternet/ Devona Walker

The real estate and foreclosure crisis has stripped African-American families of more wealth than any single event in history.

The American middle class has been hammered over the last several decades. The black middle class has suffered to an even greater degree. But the single most crippling blow has been the real estate and foreclosure crisis. It has stripped black families of more wealth than any single event in U.S. history. Due entirely to subprime loans, black borrowers are expected to lose between $71 billion and $92 billion.

To fully understand why the foreclosure crisis has so disproportionately affected working- and middle-class blacks, it is important to provide a little background. Many of these American families watched on the sidelines as everyone and their dog seemed to jump into the real estate game.

Click here to read the full article.

Alternet/ Devona Walker

Scammers Try Every Which Way To Exploit BP Oil Leak

Whatever the final outcome of the BP oil leak, there's no doubt that disaster scam tricks related to the incident will, like the clean-up, run for many years.

In fact the cleanup, rather than the oil leak, is the main source of scams that add to the woes surrounding this catastrophe.

This criminal activity spreads the impact of the BP oil leak well beyond the shores of the Gulf of Mexico, tricking investors and would-be workers and helpers out of their money.

Click Here to read the full article.

©Copyright Audri and Jim Lanford. All rights reserved.
Reprinted with permission.
Subscribe free to Internet Scambusters at
http://www.scambusters.org