Payday Loan Scams: A Consumer’s Worst Nightmare

Block & Landsman by Block & Landsman

person at bank atm, consumer fraudPayday loan scams are costing consumers millions of dollars. Many consumers are issued fake loan applications or other loan documents purportedly showing authorized loans. Consumer fraud lawyers are aware of numerous payday loan scams that are affecting innocent consumers. Payday Loan Scams Over the last decade, the Federal Trade Commission (FTC) has cracked down on numerous payday lenders that were charging consumers for fraudulent debts. In 2009, the Better Business Bureau warned consumers about a telephone scheme with phony bill collectors...Read More

Watching Out for Commodities Fraud

Block & Landsman by Block & Landsman

Receipts and a computer, investment fraudCommodities fraud costs victims tens of millions of dollars each year. In 2015 alone, nearly 3,000 victims of commodities fraud filed complaints and many of these are still being investigated. Forged Receipts are a Growing Concern A common form of commodities fraud involves forging warehouse and storage receipts. Receipts can be doctored to show additional inventory, different warehouse location, or possession of materials that are not present at the warehouse. It is a common and growing scam wherein the scammer uses the forged receipt to ...Read More