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 frauds announced by Federal Agencies and Consumer Groups
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Scams and Frauds Here are some of the latest Scams, Frauds, and Consumer Abuse items in the news.

Cars - Computers - Education - Employment - Family - Federal Programs - Food
Health - Housing - Money - Small Business - Travel - And more...

Mortgage Fraud Scam: 'Dream Homes' Turns into Nightmare

The company had all the trappings of success - its top officials lived lavish lifestyles, kept a fleet of chauffeur-driven cars, and donated generously to charities. And it used slick marketing to sell its "Dream Homes Program," which promised to pay homeowners’ mortgages in return for an up-front fee that would be invested in profitable business ventures. But the dream turned into a $70 million nightmare for more than a thousand investors - among the latest victims of mortgage fraud. Read more...

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