$50M Dollars- Thank You- I’ll Take It!!

Good morning my friends!

What is the old saying, “If it’s too good to be true it probably is.” This is what happened to more than 500 investors between the years of 2006 and 2009. The “dangling carrot”, quick money in just a few steps! Usually it takes time for a realized profit with any type of investment. So if someone approaches you with another, “get rich scheme”, think again! In the Brighton area of Detroit, a father, John Bravata and son, Antonio Bravata sold a pipe dream to investors who willingly gave their -for the most part- retirement and life savings. A jury recently convicted this 45 year old father and his 25 year old son whose scheme involved their company BBC Equities, in which the father and son showed financial reports that promised big returns on safe principal investments.
Folks the lesson here is don’t buy it! Any positive investment return takes time to grow. Don’t allow your greed for more money to lead you, it may quite be the last investment you make!

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Credit Card Fraud

My friends, I just received a phone call from someone posing as “Card Services” to help me lower my current credit card interest rate!  So, I went a bit further on the phone call trying to gather more information. A woman asked me for my card number.  As soon as I told her who I was she hung up. Then I proceeded to call back the same number, however, my call went directly to VISA. The VISA representative said the company already knows of this scam and politely told me that they do not engage in outbound calling and surely would not ask a customer for their card number. Hmmm….they already have THAT information!

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TO DO: If you could get the caller’s name and the phone number of the call, please report this activity to your local police department’s Financial Crimes section and to your credit card company.

REMEMBER: Do not give out your credit card information over the phone, your creditors already have your personal information. When they ask you to verify your information, never give them your social security number. Use your phone number and possibly your birthday for verification.

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America’s Largest Bank: JP Morgan Lied About $6B Losses

Loss of $6B last year!!

JP Morgan Execs “accepts” responsibility, however, these executives continue to involve the American taxpayers dollar in risky investments. Money was intended for small business loans but gobbled up by buying complex derivatives. JP Morgan employees get a slap on the wrist, with trimmed salaries and compensations.  This is high risk behavior that continually hurts the global economy. The American public has to stand up to our Federal lawmakers and force them to instill harsh penalties. But yet these executives continue working. Where is the justice?!

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Hackers Attack Again Big Names VP Joe Biden, Attorney General Holder, Jay-Z, and Beyonce’

Good morning my friends,
No one is immune to cyber attacks! Just because you are famous you will and can be attacked.
Fraud detection and prevention are needed! Please do not think cyber attacks will not happen to you! No we are not in the same tax bracket as Vice President Biden, Attorney General Holder, Jay-Z, or Beyonce’, so if your information is broadcasted online or stolen it could and will wipe you out! These famous people can bounce back with top lawyers can you afford that?!

http://www.hollywoodreporter.com/news/hacker-publishes-joe-biden-jay-427309

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Infographic: Identity Fraud Hit 1 Victim Every 3 Seconds in 2012

My friends…

Here is a story that is all too familiar! We must be vigilant in our way of thinking and in our own personal lives. Secure your valuables at all times. Secure your personal banking information with strong passwords. Never use your birthday, home address, kids’ names or even their birthdays. Please take responsibility for your own actions and do not give the fraudsters the upper hand.

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