Mass Marketing Fraud in the 21st Century

Block & Landsman by Block & Landsman

Road signs with scam word, consumer fraudThe era of rapid communication has created fertile ground for mass-marketing fraud to flourish. Via phone numbers, emails, social media accounts, etc., fraudsters have the ability to solicit funds from vast numbers of people in short order. These scams often promise rewards, prizes, or services in exchange for personal information or cash. Once the victim has provided information or wired the funds, the scammer simply disappears. Common Scams The schemes and scams pursued by consumer fraud lawyers are constantly evolving. However, the majorit...Read More

SEC Files Fraud Charges Against Centaurus Broker

Block & Landsman by Block & Landsman

invest stamp in red, investment fraudPatric Ken Baccam, previously a broker with Centaurus Financial, Inc., has been charged by the Securities and Exchange Commission (SEC) with the fraudulent offering and selling of securities. The SEC filed a civil action against Baccam in U.S. District Court for the Central District of California. The Commission alleges that Baccam offered and sold unsecured promissory notes to at least 18 customers and some members of his own family as an unregistered broker. He did this as a broker with Centaurs Financial without disclosing these transactions...Read More

How Illinois Protects Low-Wage Workers From Non-Compete Clauses

Block & Landsman by Block & Landsman

an agreement paper, business litigationA new law that became effective on Jan. 1, 2017, prohibits employers in Illinois from forcing certain workers making low wages to sign non-compete agreements. Workers who meet the income requirements may not be forced into agreeing not to seek new employment with their former employers' competitors. The protections include preventing employers from forcing employees to agree not to work for a set period of time, not to work within a specified area or not to accept jobs doing similar work. For qualified low-wage workers, any agreements that purp...Read More

Is Navient Guilty of Student Loan Fraud?

Block & Landsman by Block & Landsman

A student at schoolyard, consumer fraudNavient, which is the largest student loan company in the United States, is currently being accused of systematically cheating borrowers at nearly every phase of the lending process. In January, the United States Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Navient alleging that the company misled borrowers, failed to provide adequate information about repayment options, and originated loans that they knew borrowers would not be able to pay back. The state of Illinois has also taken action with a lawsuit of their own. In ...Read More