Editors' Picks

Fraudtoday and Giving Back

giving backHere at Fraudtoday, we strongly believe that every business should give back to their community. Our company aims to involve itself with the surrounding community and proudly donates regularly to the following non-profit organizations:

  • City of Hope

City of Hope is a non-profit clinical research center that is best known for its cancer treatment center. Being a National Cancer Institute designated Comprehensive Cancer Center, City of Hope is recognized worldwide for its kindhearted patient care, groundbreaking science and translational research, which rapidly turns laboratory breakthroughs into promising new therapies.

  • Leukemia & Lymphoma Society

The Leukemia & Lymphoma Society (LLS) is the world’s largest voluntary health organization dedicated to funding blood cancer research, education and patient services. The Leukemia & Lymphoma Society’s mission encompasses curing Leukemia, Lymphoma, Hodgkin’s disease and Myeloma while improving the lives of the patients and their families.

  • Orangewood Children’s Foundation

The Orangewood Children’s Foundation is the only emergency shelter for neglected and sexually, physically, or emotionally abused children in Orange County. This foundation is committed to providing services for abused and neglected children and at-risk families to end the cycle of child abuse one life at a time.

We hope that by donating to the community, others will be inspired to charitably give as well. By partaking in the future growth of the world, we can assist in helping those that are less fortunate.


Fraudtoday and IAPDA Certified Account Executives

iapda logoWith the recent adjustments to industry regulations, it is difficult for debt relief companies to scam consumers or perform illegal activities. Many federal and state legislators have altered the guidelines, limiting who can work in the debt relief field. As a result, several states have passed the Uniform Debt-Management Services Act (UDMSA), which bounds debt relief services to only those who are trained and certified. The UDMSA is the first national attempt to provide uniform rules overseeing both consumer credit counseling services and debt settlement services. Due to these new changes, Fraudtoday understands the importance of current education and information consumers receive, and has made it a priority to only employ Account Executives who have been certified by the International Association of Professional Debt Arbitrators (IAPDA).

Consumers, creditors, collectors and legislators are now taking additional steps to confirm that they are working with the most skilled and knowledgeable individuals in the business. To ensure consumers receive the most recent industry programs and regulations education, Fraudtoday maintains that their Account Executives are IAPDA certified and remain IAPDA certified. In order to avoid scam and rip-off labels amongst disbelieving consumers, Fraudtoday also assures that our account executives are current with the laws pertaining to debt, credit and collection. Moreover, our certified Account Executives have been trained with the professional knowledge and skills to advise consumers and clients of debt relief options available to them as solutions for resolving towering debt problems.

By being IAPDA certified our Account Executives are held to a high standard of ethics and professional conduct among members in the debt industry. Unlike other debt relief businesses, who believe in tactics such as scamming and strong arming, Account Executives at Fraudtoday have been provided with the most complete and vigorous training in the industry, allowing them to perceptively communicate with consumers. We are able to represent our client’s best interest during sensitive debt negotiations with creditors and collectors, permitting us to provide vital financial help and hope to millions of consumers.

The debt relief industry is now becoming more consumer and solution oriented and Fraudtoday is one of the few companies that have been able to evolve with the change. Consumers can easily verify Fraudtoday IAPDA certification status online.


Lottery Fraud

Members of the public continue to receive letters connected to the scams known as the Spanish and Canadian lotteries.  Both promise recipients vast sums in return for upfront fees listed as administration costs, exchange rate differentials and taxes.

The following bullet points are strong indicators of a fraudulent letter:

  • You need to be ‘in it to win it’.  If you haven’t bought a ticket, it’s not genuine.
  • Your name is on the envelope, but not on the letter.  These ‘winning’ letters are produced en masse without any personalisation.
  • Genuine lottery winnings are tax-free and no reputable organisation would ask for money to secure the prize.

The latest variation involves letters purporting to be from the British Red Cross and Action Against Hunger UK, giving the impression that the recipient has won £500,000.   It is, needless to say, a complete scam.

Anyone in receipt of such communications should in the first instance contact the Office of Fair Trading who provide consumer advice in relation to such scams.  They can be contacted by visiting the website oft.gov.uk.

Please click on the image to enlarge this example of a Spanish Lottery Fraud letter.  Note the telephone number starts with a 6 after the international dialling code.  In Spain, this signifies it’s a mobile number and unlikely to be from a genuine office-based organisation.


4 Ways To Avoid Gold IRA Frauds

fraudThe golden rule to avoiding IRA frauds is simple: if there is easy money to make there is a fraud around the money making system. One of the best ways to make money is via investment management.

Most of the investors in the market are always looking for ways to increase the value of their hard earned wealth. However, with the large market, there is always a minority group of service providers that will be working to make some money in an easy and moreover a dirty way.

Instead of working to provide the real value to their clients, they will make recommendations that will cost you considerable amounts of money. The problem has worsened due to the growth of self-directed IRAs. But this is not a surprise.

Any time you give people an option related to IRA investments opportunities, most of them will turn to sales people who will provide them with investment ideas and opportunities some of which will never materialize.

In most cases, individuals trying to manage self-directed IRAs may end up investing in some opportunities that they think are viable, but at the end they turn out to be completely the opposite. This is mostly the case with most gold IRA frauds.

The best way to avoid any type of fraud is to learn how they do it and read a 401k to gold ira rollover guide that explains the process from top to bottom. Heres 4 ways to avoid a gold IRA fraud:

• Only take a custodian that you can highly trust

Self-directed IRA programs requires custodians who are mostly companies that work to track self-directed IRA actions and also provide a home for the accounts. Always pick a custodian who will provide you with the relevant information relating to possible shady movements within your account. You can only build trust through accountability and proper account tracking.

• Select a custodian with a good track record

Some self-directed IRA custodians have an understanding on IRA frauds. Furthermore, they are able to easily track a suspicious activity. Therefore, it is good to select a custodian with a good track record in customer protection. However, you should not totally rely on the custodian.

Their major work is to ensure that your account has a home. Unless they are operating on a legal notice, they have no jurisdiction to deter you from undertaking an investment. In addition, a good custodian will always be keen to identify any fraud or any other bum investment.

• Never deal with any unsolicited gold sale offers

Be careful with any unsolicited offer of gold sales. Most people who have suffered from gold IRA frauds fell for letters or emails that look so good. If the offer looks good to be true then the greater chance is that it is a fraud.

• Only deal with the accredited gold sellers

If you highly want to convert your IRAs into gold IRAs, then it is better if you deal with the accredited gold sellers. The sellers have much to lose in case they are involved in gold IRA frauds. You can deal with only the respected names in the industry.

These people will be at a greater risk by getting you involved in a fraud than the unaccredited gold sellers. They will always value their long-term business rather than the short-term gains they might get from a fraud.


Identity Fraud: Do you know the signs?

Identity Fraud is a growing problem which is estimated to cost the United Kingdom economy £1.7 billion per year.  Individuals, sole traders, businesses and government departments can all become the victims of identity fraud.

Over 4 million people in the UK claim to have been the victim of identity fraud at some stage.

In 2006 the number of identity frauds detected by members of CIFAS, the UK’s Fraud Prevention Service, increased by 21.57% to 80,377 (up from 66,117 in 2005).  The number of victims of impersonation also increased by almost 20%.

Corporate identity fraud is estimated to cost in excess of £50 million a year.

The Fraud Advisory Panel has produced two Guides to help individuals and businesses manage the risk of identity fraud.  These Guides cover the ways in which identity fraud can manifest itself, how to detect identity fraud and some of the steps which can be taken to reduce the risk of becoming a victim.


Avoid Foreclosure Rescue Scams

ConsumerAffairs.com’s Mark Huffman offers tips for identifying the foreclosure rescue scam.


Fraudtoday and the Federal Trade Commission


“We are not an affiliation with the FTC, and the information provided here within is simply our understanding of the FTC roles, regulations, and rules. For exact information please see www.ftc.gov.”

Numerous measures are initiated to ensure a fair and free market. The Federal Trade Commission (FTC) was formed by the government with the sole purpose to prevent unfair methods of competition in commerce. As time passed congress gave the FTC the authority to adopt industry-wide trade regulations, resulting in the enforcement of many consumer credit protection laws including the Fair Debt Collection Practices Act (FDCPA), Fair Credit Reporting Act (FCRA), and the Fair Credit Billing Act (FCBA).

Still think Fraudtoday can’t protect you from a Scam?

Protecting consumers against unfair business practices is the Federal Trade Commissions main goal and similar to the FTC, Fraudtoday has made a commitment to do what’s best for our clients. This is why Fraudtoday has teamed up with the Federal Trade Commission and is an FTC rules compliant company. In 2010 to prevent fraud, deception and scamming, the FTC revised a major set of rules within the Fair Debt Collection Practices Act. These revisions shook the debt relief industry, and even-though the FTC’s goal was to give consumers the best possible outcome for services they were seeking, the changes virtually eliminated the entire trade. By no longer allowing companies to charge upfront fees, the Federal Trade Commission forced illegitimate companies out of the picture and lawful companies to continue performing in the best interest of consumers.

We hope that by collaborating with the Federal Trade Commission skeptics will appreciate the credibility of Fraudtoday. With the release of many articles composed of the scams and tricks that debt relief agencies are capable of, Fraudtoday believes that following these rules and regulations is what sets us apart from other companies. We aspire to be a company free of scams and cons so that the public can place their trust in our organization and capture their dream of becoming financially secure.