Just yesterday, 53 individuals in the Boston area were picked up by police for allegedly selling food stamps for cash. The widespread investigation included city, state, and federal law enforcement. It is suspected that most welfare recipients invloved in the bust were trading their EBT cards for cash ...Read the rest

In recent news, a neighborhood tip led to a federal investigation of Clean Green Fuel, a company that allegedly produces renewable fuel. Federal prosecutors allege that the owner, Rodney Hailey, never produced a drop of clean biodiesel. They say that he simply sold phony renewable fuel credits to major ...Read the rest

News broke earlier this month that the Department of Justice has filed civil injunction lawsuits in five major cities in an effort to shut down Instant Tax Service and its franchises. The tax service company has allegedly filed tax returns without the consent of its ...Read the rest

The Fraud Dog says beware because the fraudster is out to take advantage of the unemployed and the underemployed through any means necessary. Scammers are targeting those looking for jobs with the promise of simple work and big paychecks right from the comfort of your ...Read the rest

As in Ponzi schemes, the money collected from newer victims of the fraud is paid to earlier victims to provide a veneer of legitimacy. In pyramid schemes, however, the victims themselves are induced to recruit further victims through the payment of recruitment commissions. More specifically, ...Read the rest

“Ponzi” schemes promise high financial returns or dividends not available through traditional investments. Instead of investing the funds of victims, however, the con artist pays “dividends” to initial investors using the funds of subsequent investors. The scheme generally falls apart when the operator flees with ...Read the rest

Legitimate letters of credit are never sold or offered as investments. They are issued by banks to ensure payment for goods shipped in connection with international trade. Payment on a letter of credit generally requires that the paying bank receive documentation certifying that the goods ...Read the rest