Archive for October, 2006

Saturday, October 28th, 2006

Speculation - not just dangerous to those who play the game

It’s probably time I chimed in about the iamfacingforeclosure.com website. For those of you not familiar with it, here’s a short recap:

Young kid, Casey, uses credit cards to attend expensive real estate seminars;
Young kid proceeds to purchase 8 houses in 8 months with no money down using fraudulent tactics;
Real estate bubble pops; and
Young kid now […]

2 Comments » - Posted in Money, Real Estate by Steve

Thursday, October 26th, 2006

Online brokerage fraud

A while back you would hear stories about people who had their online brokerage accounts cleaned out by identify thieves–stocks sold and the proceeds funneled to God knows where through a maze of banking transactions. Then brokerage firms countered by making it more difficult to remove cash and offered more alerts to customers about account […]

2 Comments » - Posted in Money by Steve