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Jan 18

Insurance Commissioner Fights Fraud

Dave Jones, the Insurance Commissioner of California, has been keeping busy since he first took office in 2010. Among his many victories are several protections for consumers of insurance products and services.
Jan 18

Charity Scam: Real Deal or Fraud Squad

One charity scam in Brooklyn, NY blinded everyone to their crimes until recently. For years, the fake National Children’s Leukemia Foundation ran a multi-million dollar scam before authorities finally shut them down in December 2015. According to the office of New York Attorney General Eric Schneiderman, the fake charity got away with: Convincing donors to give a total of $9.7 million. Lying about having medical experts who could provide services to terminally ill children. Running a bone marrow registry and cancer research center. Neither existed. Preparing and submitting incomplete and falsified financial reports. Pretending to have a functioning board of directors made up of people who had no connection to the organization. Granting wishes to terminally ill children through its “Make A Dream” program, which “did little more in several years than donate one laptop computer to one child and send another child to Disney World.” Finish reading this article on the Asurea Scam Report.
Jan 18

Scam Artists: The Other Natural Disaster

Make no mistake. Scam artists are always lying in wait for their next opportunity to strike. Sadly, natural disasters that destroy property and take innocent lives are as good a time as any for a scammer to creep from the shadows. You are a much easier target for home repair scams when you are distressed. A flood that has invited itself into your living room. A tornado that has snatched the roof off of your house. And even the recent passing of a loved one. These are all “opportunities” to a scammer. As twisted as it sounds, it’s really the “perfect storm” for their corruption to flourish. In the wake of a natural disaster, you have a long list of things to take care of. But our Asurea Scam Report wants to add one more thing to your list. Watch out for the other type of natural disaster — the scam artist. Because they can make a bad situation so much worse. Here, we look at some recent natural disasters that have twisted and flooded their way across the US. And how scam artists are trying to use them to their advantage. Texas tornadoes: Taming the twisted aftermath The day […]
Jan 10

Bringing the Heat to Medicare Fraud

Insurance fraudsters are scamming people out of their money, and their victims are angrier than bulls charging a matador’s red cape.
Dec 23

The Magic of Happy Retirement Planning

Psychologist Daniel Kahneman and economist Angus Deaton uncovered in a 2010 academic study that $75,000 a year is the magic income number for retirement.
Dec 17

Insurance Fraud: What Is It?

A wildfire devours your home. Your retirement savings run out sooner than expected. A loved one dies suddenly. These are the financial disasters you're trying to avoid by having life insurance.