Home Equity ID Theft Ring Points to a Bigger Problem

On Monday, Federal authorities informed the public of a series of arrests where identity theft was used to steal the equity out of homes. I guess we've already lost so much money in the mortgage crisis, the identity thieves figured it wouldn't matter?The four arrested on Monday were Derek Polk, Oluda Akinmola, Oluwajide Ogunbiyi, and Oladeji Craig. The four appeared in federal court in Los Angeles, Newark, Buffalo, and Springfield. Also arrested for home equity schemes between August and October were Daniel Yumi (Brooklyn), Yomu and Olokodana Jagunna...

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E-Cards with a Dangerous Twist Spotted on the Internet

(Courtesy of Websense)With the holiday season upon us, spam campaigns of a malicious nature will start springing up bearing yuletide greetings.Just the other day, Websense sent out an alert that malicious software authors already are using social engineering techniques with a Christmas theme to compromise your home machine. The instance they are reporting...

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Outrageous Porn Pop-Up Case in Norwich is Over

If there were ever a modern case that could be compared to the Salem witch trials, it would be the effort to prosecute Julie Amero, a Norwich, Connecticut school teacher for (allegedly) exposing her students to pornography.Julie was convicted on four counts of exposing kids to pornography after she turned on a spyware-infested (school-owned) machine and a flurry of porn pop-ups began appearing on the screen. Julie, who was merely a substitute teacher, didn't know what to do and the teenagers in her class witnessed the event.Even worse, the school...

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Mortgage Casualties Flocking to the NFCC for Free Assistance!

There hasn't been a whole lot of good news on the economic front in recent weeks and the mortgage crisis has inspired our politicians to mortgage our grandchildren's future. Ironically, most of the experts believe it all started with what is being called the "mortgage crisis."Even worse, the average person is merely a hostage in the equation because, without the bailouts, there is little doubt it would cause more pain and suffering for the common person. Still it's pretty disgusting to see corporate suit types getting millions of dollars in bonuses...

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Telephone Call Offering to Lower Interest Rate is a Scam!

Cheap long distance, the ability to spoof caller ID and the credit crisis are being used to facilitate a scam called vishing. Although telephone (telemarketing) scams are nothing new, the term vishing probably came about because advances in telephone technology are being used to depart unsuspecting people of their hard-earned money.The term vishing was coined from the word phishing. Internet scammers phish the waters of the Internet using spam e-mail as bait. Once a person falls for their "too good to be true" lure -- personal and financial information...

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