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18 January 2016 | 140 replies
He is working from the success aspect.Ask yourself, if desperate cousin Vinny came to you with his latest "can't lose scheme," would you lend him your money?
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17 December 2015 | 15 replies
Color schemes to avoid, tigger wording that encourage taking action immediately etc... and the biggest thing is simplicity!
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12 August 2016 | 16 replies
And I can also see that paying (tax deductible) Advisers to steer them into Tax Minimization Schemes will continue to be a thriving industry - right up to the moment when the merry-go-round stops!
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8 March 2016 | 6 replies
In this case, the defendants are contending that they were entitled to take advantage of this law because a Delaware state bank served as the lending partner when making loans to Pennsylvania customers.Kane and the firm Langer Grogan & Diver called this a “rent-a-bank scheme” and countered that it goes against state law, which does not allow for interest rates as high as those charged by the defendants.Kane also alleged that the defendants engaged in a rent-a-tribe scheme, in which they also partnered with Native American tribes to offer loans at rates permitted by tribal law.
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17 August 2016 | 20 replies
You might have a repurchase guarantee, but what goes on is that there is another investor willing to roll the dice, if these were in the securities market we'd call it churning accounts, an illegal matter and when a brokerage relies on other investors you enter the Ponzi scheme realm.
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26 December 2016 | 3 replies
To me, when you are trying to hide things from people in a transaction, it already starts to seem like it's getting into the "fraud" area.It may not be fraud - I'm not an attorney - but it doesn't give me a good feeling and in 95% of the cases the same thing can be accomplished with an assignment and all parties being on the same page at closing.In particular, I would never, ever do a double closing if the end buyer is using a bank loan to purchase the property (unless you yourself are going to fund the first transaction).Banks can and have worked with law enforcement to find cases like this and prosecute people, and people have actually gone to jail (yes, in Rhode Island, and yes that has included attorneys involved in various mortgage fraud related schemes).For some spine chilling reading, for example, see Providence lawyer, five others charged in alleged mortgage fraud scheme.
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18 January 2015 | 3 replies
Insurance companies are catching on to these schemes.
6 May 2016 | 37 replies
This isn't a get rich quick scheme.
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26 March 2015 | 3 replies
These schemes work this way: "Im a celebrity, I was once poor, I did xyz, you can do it too for a nominal fee"...