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Fraud Files Forensic Accounting Blog
Fraud Files Forensic Accounting Blog
Commentary on fraud, scams, scandals, and court cases.
 
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Category: Consumer Protection

Consumer Protection, Divorce and Family Law

Divorce and Credit Problems

8 June 2023 28 May 2023 0

The financial effects of divorce are far reaching. In a one-income household, it’s often even worse. It’s bad enough that one income now has to support two separate households, at least for a period of time. The non-moneyed spouse (the one who hasn’t been working and isn’t the source of …

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Consumer Protection

Protect Yourself From Real Estate Fraud

1 June 2023 28 May 2023 0

No industry is immune to fraud schemes. Mortgage fraud and real estate fraud have been problems for a long time. Ups and downs in the real estate market can make developers desperate and may push them to engage in fraud in an attempt to keep their projects afloat. Frauds related …

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Consumer Protection, Videos

Avoiding Tax Scams

16 May 2023 8 May 2023 0

Despite all the warnings about tax scams, consumers are still falling victim to these types of fraud. Tracy Coenen talks on CNBC about the top five tax scams that consumers should be aware of. This episode is from 2008, but consumers are STILL falling victim to the same scams!!!

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Consumer Protection, Pyramid Schemes & MLM

Almost Everyone Loses Money in MLM

24 April 2023 23 April 2023 0

Don’t let your Facebook friends fool you: They’re not making money in the multi-level marketing company they keep pitching to you. And you won’t either. Multi-level marketing is not a business. More than 99% of participants in multi-level marketing (MLM) lose money. Companies like Mary Kay Cosmetics promote the “income …

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Consumer Protection, Pyramid Schemes & MLM

Are There Good MLMs?

14 December 2022 12 December 2022 1

Defenders of multi-level marketing (MLM) will tell you that some companies “do it” right, while some companies “do it” wrong. The fact that a multi-level marketing company like Mary Kay Cosmetics has been around for more than 55 years does not define whether it is a fraud or scam. Remember …

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Consumer Protection

Teen Mom Lawsuit: Anti-SLAPP Motions and Legal Fees

25 April 2022 25 April 2022 0

Last week, my friend and colleague Marc Randazza scored a big win for Briana DeJesus in the lawsuit filed against her by Kailyn Lowry. The case against Briana was dismissed after successfully arguing an anti-SLAPP motion. I have my own experience with anti-SLAPP motions, after having been sued for $270 …

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Consumer Protection

You Will Not Get Your Money Back From Zelle

9 March 2022 8 March 2022 0

Zelle is a popular money transfer app, in large part because it doesn’t charge fees to move money. But fraud is happening there, and banks aren’t giving the money back to defrauded consumers. If you send money to the wrong recipient, good luck getting it back. You cannot recall a …

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Consumer Protection

Creating an MLM in Ten Easy Steps

22 November 2021 5 January 2023 3

Hundreds of thousands of Americans get sucked into Multi-Level Marketing (MLM) companies each year. From Mary Kay to Amway to Herbalife to PrePaid Legal, the list is seemingly endless. Each offers its own special spin on the products it sells, but the main focus of an MLM is on recruiting …

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Consumer Protection, Pyramid Schemes & MLM

The Myth of Retail Sales in MLM

17 November 2021 16 November 2021 0

Multi-level marketing companies (MLMs) like to refer to themselves as “Direct Sales” companies, because this puts the focus on the sale of the product or service, and takes focus off the business of recruiting. I’ve been researching MLMs for years, and I’ve found that companies use the product or services …

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Consumer Protection, Pyramid Schemes & MLM

Dave Ramsey Still Sucks

4 November 2021 4 November 2021 1

Eight years ago, I wrote a piece about how financial guru Dave Ramsey sucks because he supports multi-level marketing. I was hoping that since then, things may have changed. They haven’t. Dave has even gone further with his support and promotion of MLMs as a legitimate way for people to …

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Meet Tracy Coenen

https://youtu.be/rT-ud-Unm44

Top Posts & Pages

  • Primerica Financial Services: The Fake Job Interview
  • Mary Kay Cosmetics: Destroying Half a Million Women a Year
  • MLM Income Disclosure Statements
  • Kelly Clarkson Child Support and Alimony
  • Jennifer McKinney Bankruptcy Round 2 and Round 3
  • Dooce Will Sleep With Your Husband

Recent Comments

  • K on Dooce Will Sleep With Your Husband: “Thanks for writing the truth.” May 17, 02:28
  • Tracy Coenen on Dooce Will Sleep With Your Husband: “Hi Diane – Why would I feel badly about reporting the truth more than three years ago? While her death…” May 11, 09:20
  • Diane Hansen on Dooce Will Sleep With Your Husband: “You must feel like a total asshole now.” May 11, 00:04
  • LEO on Primerica Financial Services a Scam?: “State investigators raided an insurance agency in Bountiful today. By the time they were done, the company’s regional vice president…” May 10, 18:51
  • Leo on Primerica Financial Services a Scam?: “Primerica took money from my wife and never issues a policy! Yes they are a scam! Then they wouldn’t refund…” May 10, 18:45
  • MMAH on I’m a Millionaire! I Don’t Pay My Taxes!: “It’s not just the banking that’s a problem for her. How will she find a place to rent that will…” May 9, 11:50
  • Ginny on Mary Kay Cosmetics: Destroying Half a Million Women a Year: “Amara Because that’s a really grown up and intelligent response to a disagreement. You’ll lose more people talking that way…” May 4, 16:47
  • Rhiannon Moonchild on Mary Kay Cosmetics: Destroying Half a Million Women a Year: “I tried for years. I treated it like a business and did everything I was taught. I never broke even…” May 4, 16:24

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