Credit Monitoring Service Ordered to Refund Fees

Block & Landsman by Block & Landsman

A closeup of writing, consumer fraud A number of credit monitoring services promise access to credit reports and assistance in "cleaning them" of negative information. These companies prey on people's well-reasoned concerns regarding the effect negative credit information can have on their finances. In many cases, these companies charge fees for services that are available for free directly from the credit bureaus themselves. FTC Cracks Down on One Technologies LP Following its investigation, the FTC has determined that One Technologies LP defrauded more than 145,000 consume...Read More

Telltale Signs of a Pyramid Scheme

Block & Landsman by Block & Landsman

A close up of writing, investment fraudPyramid schemes promise fast, high returns for the sale of non-existent products or services. Investors and victims of pyramid schemes typically lose large sums of money that can only be recouped through legal recourse with an investment fraud attorney. Classic Pyramid Schemes In classic pyramid schemes, original investors make money by recruiting new investors into the program. Although pyramid schemes take different forms, eventually they all collapse when money runs out. Pyramid schemes have classic telltale signs that signal red flags...Read More

Fritz Kramer Indicted on Fraud Charges

Block & Landsman by Block & Landsman

A business man world, Securities FraudSelf-styled “diamond and gold exporter” Mr. Fritz Kramer was indicted last week on wire fraud and commodities fraud charges. Wire fraud is implicated when a person uses telecommunication or information technology to commit financial fraud. Commodities fraud entails tricking investors into purchase or sale decisions by false information in violation of securities laws. Commodities fraud can implicate a variety of products encompasses a range of goods sold in commodities markets. The Indictment Per the indictment, Mr. Kramer’s last kn...Read More

Broker Fraud: How Safe are Your Investments?

Block & Landsman by Block & Landsman

FraudRecent studies show that broker and securities fraud has become a major problem around the country. Data was analyzed from customer complaints, arbitrations, terminations, regulatory actions, bankruptcy filings and criminal proceedings handled by a securities fraud lawyer. Findings showed that seven percent of brokers within the securities, finance and insurance sectors had engaged in misconduct and fraud between 2005 and 2015. In February 2016, a detailed report, created by several academics at the University of Chicago and the University of M...Read More