Posts Tagged ‘bankruptcy fraud’

Xyngular Works: Losing Weight Fast!

Xyngular is a weight loss MLM (multi-level marketing) company which advertises quick, sustainable weight loss using their products. Last year I wrote a lengthy article about the Xyngular products, and I came to the conclusion that the products are dangerous, the diet is a fad diet (which is almost guaranteed to be unsustainable), and promoters like Jennifer McKinney (MckMama) lie to their potential customers and recruits.

I wanted to provide an update on the Xyngular and Ignite products. My stance hasn’t changed. If anything, I am even more strongly against the products after seeing the things I’m posting here.

Jennifer McKinney is most well known for being the mommy blogger MckMama, as well as for being a serial scammer. Her exploits include fraud on the United States Bankruptcy Court, allegedly stealing money from her mother-in-law, continuing to leave creditors unpaid, and lying about her weight loss in order to recruit people into Xyngular.

Real Housewives Teresa Giudice Fraud Indicment

teresa-giudice-mckmama-indictment

Yesterday Teresa Giudice and Guiseppi (Joe) Giudice were indicted by a federal grand jury in Newark, New Jersey on the following charges:

  • Conspiracy to Commit Mail Fraud and  Wire Fraud
  • Bankruptcy Fraud
  • Bankruptcy Fraud – Concealment
  • Bankruptcy Fraud – False Oaths
  • Bankruptcy Fraud – False Declarations
  • Failure to Make Tax Return

The mail fraud and wire fraud counts are related to false statements and documents that the Giudices allegedly submitted in order to get loans. Banks which loaned the Giudices money included Park Avenue Bank, Wachovia (now Wells Fargo), Sterling Bank, and Community Bank of Bergen County.  Non-bank lenders include HomeComings Financial Network, Eastern American Mortgage, and Alterna Mortgage.

Kevin Trudeau Bankruptcy Filing

Serial charlatan Kevin Trudeau is up to his old tricks. Despite being caught by regulators violating consumer protection laws many times… despite being fined and sanctioned multiple times…. despite repeated violations of injunctions and orders….. Kevin Trudeau continuously invents new ways to avoid the long arm of the law.

Kevin Trudeau just filed for bankruptcy protection. And wouldn’t you know it, his lawyers say that the bankruptcy filing means the government can’t enforce an order that he pay a $37 million fine and that sanctions for non-payment cannot occur.

From a previous article about the Kevin Trudeau shenanigans:

MckMama House Fire is Not Suspicious In the Least

jennifer-israel-mckinneyReaders of the Fraud Files are familiar with the story of Jennifer McKinney – - mommy blogger who calls herself MckMama – - who is prone to lies and exaggerations. She and her husband Israel were accused of  lying to and manipulating readers for financial gain. What began as a touching story of a family with a very sick child turned into a long-running gravy train, from which Jennifer and Israel McKinney profited handsomely.

But making hundreds of thousands of dollars from gullible sheeple reading a blog wasn’t enough for the McKinneys. No, they had to run up over $725,000 of debts and attempt to have them discharged in bankruptcy. Fortunately, bankruptcy trustee Gene Doeling caught on quickly, and accused them of attempting to defraud their creditors by failing to report tens of thousands of dollars of income per year.

Jennifer McKinney Can Pay Her Creditors

xyngular-momentum-jennifer-mckinneyJennifer McKinney – - former mommy blogger nicknamed MckMama – - has good news for the many creditors that she owes hundreds of thousands of dollars…. SHE CAN PAY THEM! This month’s issue of Xyngular’s Momentum magazine featured Jennifer Howe Sauls McKinney on the cover.

Publications like this are purely recruiting tools. While 99% of people participating in multi-level marketing will lose money, there are a few at the top of the pyramid who will make big money (only because many below them are losing money). Companies like Xyngular parade around the big winners, hoping to continuously recruit new victims into their schemes.

Getting Away With Bankruptcy Fraud?

Dumb and Dumber

Bankruptcy Fraudsters Jennifer McKinney and Israel McKinney

For the last several months, we have been following the story of Jennifer “MckMama” McKinney and her bankruptcy filing from nearly a year ago. By spring, trustee Gene Doeling had her number, and was preparing to file a motion objecting to the bankruptcy. In not so many words, Mr. Doeling alleged fraud against Jennifer and Israel McKinney, saying things such as manipulated, destroyed, concealed, falsified, false, and intentionally.

In my first story on the MckMama bankruptcy, I detailed the lies and deception of Jennifer Howe Sauls McKinney, both to her blog readers and to the bankruptcy court. Why such a public discussion of this case? There are two reasons. First, bankruptcy itself is a public process. The documents are readily available on Pacer, the federal government’s online warehouse of court documents.

More on Committing Bankruptcy Fraud

We’ve been discussing here the case of Jennifer McKinney (aka MckMama) and Israel McKinney (dba Kieran’s Contracting) and their alleged fraud perpetrated on the bankruptcy court. Questions have been raised about the likelihood of the McKinneys facing criminal charges, despite a quiet resolution to their original bankruptcy filing (they have waived bankruptcy and can never have those debts discharged in bankruptcy in the future) and the related case filed by trustee Gene Doeling objecting to the discharge of their bankruptcy (resolved with the McKinneys paying $3,500, the value of some of the assets they failed to disclose, and therefore were non-exempt and could be used to pay creditors).

The bankruptcy of Todd Brunner, a Milwaukee area landlord, was thrown out by a judge earlier this year after it was discovered that he did not disclose all his assets. He had $19 million in debts, so not being able to ditch out of them in bankruptcy was probably pretty painful. (The IRS alone says he owes $400,000 to them, but since he hasn’t filed a tax return since 2008, who knows how much higher the real number could be.)

McKinney Bankruptcy Case Settled: What’s Next?

Jennifer McKinney (aka MckMama) and Israel McKinney appear to have settled all claims in their bankruptcy filing in which trustee Gene Doeling alleged fraud, saying:

The Debtors have concealed, destroyed, mutilated, falsified, or failed to keep or preserve any recorded information, including books, documents, records, and papers, from which the debtors’ financial condition or business transactions might be ascertained. The debtors failed to keep adequate books and records from which their financial transactions could be ascertained. The co-debtor was receiving cash payments from photography clients that were not disclosed and for which she has been unable to provide an accounting.

McKinney Bankruptcy Denied: MckMama Must Pay Creditors!

Great news out of the United States Bankruptcy Court in Minnesota, where Jennifer McKinney (blogger MckMama) and Israel McKinney filed for bankruptcy nearly a year ago. After trustee Gene Doeling ferreted out Jennifer’s financial shenanigans, he filed a complaint with the bankruptcy court objecting to the discharge of the debts. Mr. Doeling alleged that the McKinneys engaged in manipulation, destruction, concealment, and falsification of information in the bankruptcy process.

Yesterday a signed Application for Approval of Waiver of Discharge was filed with the court. This means that Jennifer and Israel McKinney have agreed that their debts should not be discharged in bankruptcy.

Creditors Line Up in the McKinney Bankruptcy

Jennifer McKinney, (Morally) Bankrupt Blogger

I’ve written previously about the bankruptcy of Jennifer “MckMama” McKinney and her husband Israel McKinney of Kieran’s Contracting. Jennifer was once a popular mommy blogger at mycharmingkids.net and mckmama.com.

Until the United States Bankruptcy Court got her number and decided to take action on allegations of fraud.

Jennifer Howe Sauls McKinney has a colorful history of lying to the internets about all sorts of things, most notably her debts and her alleged repayment of said debts.

Expert Fraud Investigation
Divorce Investigations
CPA's Handbook of Fraud and Commercial Crime Prevention
Essentials of Corporate Fraud
© 2013 Sequence Inc. Forensic Accounting. All rights reserved. View our privacy policy here.