A letter arrived in the mail from PNC Bank about an address change on a mortgage account. Was a deed theft scheme in process?
Category: Frauds and Swindling
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A Mortgage Servicer Sent a Letter About an Address Change. Was It Deed Theft?
The New York Times – Business: -
Several Big Brokerages Leave Customer Accounts Open to Theft, Senators Say
The New York Times – Business:Senators Ron Wyden and Elizabeth Warren, ranking Democrats on the Finance and Banking Committees, have urged regulators to require brokerages to provide stronger customer protections.
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How Wall St. Profits When Personal Injury Lawsuits Pay Out
The New York Times – Business:Personal injury cases have exploded, in number and magnitude, funded by companies betting on a win — and offering investors a piece of the action.
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Treasury Scales Back Scrutiny of U.S. Shell Companies
The New York Times – Business:The Trump administration will not enforce reporting requirements of the 2021 Corporate Transparency Act, which was intended to crack down on money laundering.
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Justice Dept. Charges Doctor in $95 Million Skin Substitute Fraud Scheme
The New York Times – Business:Dr. Stephen Dubin, a wound care doctor in Nevada, is accused of applying unneeded, expensive wound coverings to seniors. He used the profits to buy yachts, the department said.
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Man’s Claim That Brakes Failed on Jaguar Was Scam to Avoid Car Payments, Court Rules
The New York Times – Business:Nathan Owen called the police, saying he was trapped in a runaway car. A judge determined it was a lie and sentenced him to more than four years in prison.
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Medicaid Urges States to Increase Autism Therapy Oversight
The New York Times – Business:The program’s spending on the therapy has quintupled since 2021, far outstripping the growth in diagnoses and raising concerns about overprescribing and fraud.
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Education Dept. to Wipe Out Student Loans of 170,000 More Defrauded Borrowers
The New York Times – Business:The sprawling case, centered on students defrauded by for-profit schools, has now become the largest class-action settlement in American history.
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Former Chinese Billionaire and Bannon Associate Is Sentenced for Fraud
The New York Times – Business:The businessman courted U.S. conservatives as an anti-Communist crusader while using his supporters’ money to buy lavish homes and a Bugatti supercar.
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Still Sending Checks in the Mail? Stop, Experts Say
The New York Times – Business:If you must, keep an eye on your account statements, experts say. Thieves steal checks from mailboxes, then alter the checks with fraudulent names.
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Ferraris and Shell Companies: Five Charged in Medicare Fraud Schemes
The New York Times – Business:The Justice Department is taking aim at pricey “skin substitutes,” an overused wound care treatment that cost the government $10 billion in 2024.
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2 Minnesota Autism Therapy Providers to Be Charged in $46 Million Medicaid Fraud Case
The New York Times – Business:The Justice Department claims that clinics used fake diagnoses and kickbacks to parents to bring children into treatment.