The financial news that actually matters
Covers financial scams, fraud cases, regulatory enforcement actions, and government crackdowns on illegal financial activity. It educates readers on financial safety and risk prevention.
Debt collection calls and letters land in older Americans’ mailboxes and voicemail every day, and a lot of people never learn that federal law hands them a formal way to shut it down. The Fair Debt Collection Practices Act allows a person to send a debt collector a written request to stop all contact, and…
A medical bill that goes unpaid and lands with a collection agency used to show up on a credit report much like any other debt, dragging down a score for years regardless of the amount involved. Rule changes adopted voluntarily by the three nationwide credit bureaus have narrowed that considerably, removing a category of medical…
Identity thieves who obtain a Social Security number or other personal details still need one more thing to open a new credit card or loan: access to a credit file. A security freeze, commonly called a credit freeze, closes that door by blocking lenders from pulling a credit report at all, and unlike some identity-protection…
Prosecutors say a Salt Lake City woman built fake “sober living homes” and recruited homeless people to help her bill Utah Medicaid for therapy that was never actually provided. A federal grand jury in Salt Lake City indicted Jazzamin Tashay Clark, 43, on August 26, 2026, on charges of health care fraud, wire fraud, and…
A federal judge in Greenbelt, Maryland, sentenced Olusegun Adejorin, 32, to 96 months in federal prison on August 28, 2026, for orchestrating a business email compromise scheme that diverted more than $7.5 million from a charitable organization. U.S. District Judge Theodore Chuang also ordered three years of supervised release once Adejorin, a Nigerian national, completes…
A federal grand jury in the Middle District of Pennsylvania indicted William D. Brenner, 62, of Dover, on August 5, 2026, on charges of wire fraud and unlawful monetary transactions tied to an elderly victim’s retirement savings. Prosecutors say Brenner persuaded a woman born in 1936, along with her daughter, to move more than $1…
A federal jury convicted Linda Laird, 62, of Cordova, Maryland, on August 21, 2026, of financially exploiting her own grandmother, an 81-year-old woman with severe cognitive impairment whose care Laird was legally responsible for as a court-appointed guardian. Jurors deliberated about four hours after a three-day trial before finding Laird guilty on all four counts…
Leor Moshe, 43, of Toms River, New Jersey, pleaded guilty on August 13, 2026, to a single count of wire fraud for running what prosecutors describe as a Ponzi-like scheme that took roughly $47 million from more than 97 people between June 2019 and June 2023. Moshe has not yet been sentenced; that hearing is…
The Commodity Futures Trading Commission sued Christopher Delgado and his company, Goliath Ventures Inc., on August 11, 2026, accusing them of running a Ponzi scheme that pulled in at least $397 million from roughly 1,600 customers through fraudulent bitcoin and ether trading pitches. What makes the case unusual is not the dollar figure alone. By…
Federal prosecutors have accused a Henderson, Nevada physician of turning wound care into a $95 million billing scheme aimed at elderly Medicare patients, some of them in hospice care. A federal grand jury in the District of Nevada indicted Stephen Dubin, M.D., 74, on August 4, 2026, charging him with conspiracy to commit health care…
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