Financial News Headlines

Milton (MA) man charged in ID theft/mortgage fraud allegations

February 9th, 2010

In the following press release it was annouced that a Milton man was charged Tuesday in federal court with defrauding mortgage lenders and committing identity fraud as part of a mortgage fraud scheme.

United States Attorney Carmen M. Ortiz and Steven Ricciardi, Special Agent in Charge of the United States Secret Service in Massachusetts, made the announcement naming Augustus C. Okoye, age 47, of 278 Brush Hill Road, Milton, who is charged in an Information with three counts of wire fraud and one count of identity fraud.

The Information alleges that in November 2006, OKOYE used his brother’s name, social security number, and date of birth to obtain mortgage loans for the purchase of three properties in and around the Boston area. I

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Even Super Bowl Champions know how important your credit score is

February 9th, 2010

He may have just been crowned as a Super Bowl champion and MPV, but New Orleans Saints’ Quarterback Drew Brees knows there are important lessons to be learned off the field about protecting your credit score.

Brees led the Saints to a 31-17 win over the Indianapolis Colts in Miami on February 7. Winning a Super Bowl ring may have been the biggest day in his sporting life, but Brees has teamed with Visa over the past four years to teach students about financial literacy. Taking Visa’s NFL-themed Financial Football interactive game into the classroom has made an impact teaching students important financial lessons.

Brees told ESPN Gamer Blog he wishes Financial Football had been available when he was growing up. He

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Job seekers aided by ‘employee referral’ programs

February 8th, 2010

SAN FRANCISCO (MarketWatch) — With job openings few and far between, it’s more important than ever that job seekers’ strategy is on target — and networking should be the basis of that strategy.

Rather than sitting in front of a computer, searching online postings and blindly sending out dozens or hundreds of résumés, job hunters have a better chance of success through networking. The old adage, “It’s not what you know, but who you know” is more accurate than ever.

Personal Finance Minute

Job hunters, take note: As U.S. companies gear up to hire employees, your resume is your calling card. Follow MarketWatch’s Andrea Coombes as she walks you through the five most important tips to sharpening your resume. <

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You May Need a Third Party to Get Consumer C

February 7th, 2010

The way the economy is failing it’s no shocker that an increasing number of people are looking for an answer for consumer credit card debt relief. The fact of the matter is that many people have been forced to live off their credit card because the cost of living is so high their income can’t keep up. As the economy continues in a downward spiral, more and more people find themselves in a situation where they have to use plastic for things like bills, food, and basic things that are essential. Sooner or later though, the credit line runs out, then guess what happens? So now you can’t use the card to help out anymore, it’s maxed out and you’ve still got to pay it all back. Read more…

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3 indicted in Houston area mortgage fraud allegations

February 5th, 2010

In the following press release it was announced that a 19-count sealed indictment charging Ming Shan Zhu, the owner of Catco Homes, Alvin Mark Eiland, former owner of Future Mortgage Company Inc. and Gary Leonard Robinson II, a former employee of Future Mortgage Company Inc., with offenses arising from a scheme to defraud residential mortgage lenders of more than $7 million in loans in connection with home purchases in the Houston area has been unsealed, United States Attorney Tim Johnson, FBI Special Agent in Charge Richard C. Powers and Internal Revenue Service – Criminal Investigations (IRS-CI) Special Agent in Charge Rodney E. C

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Call Centers Operations and Services to Enhance Business Efficiency

February 4th, 2010

While the news of outsourcing the Call Center Operations & services are doing rounds in market, this article presents the pros and cons of taking services of call centers. The untapped potential of places like India, Philippines and Korea has been explored and exposed due to the increasing trend of establishing call centers and outsourcing services like: Telemarketing, Customer Support, Email & Chat solutions, Data Entry Operation and other marketing services.

The traditional management hierarchy is different and ages old in comparison to the new era call centers. Their modus operandi is unique and thoroughly documented to provide customers delightful experience and ecstatic results. Read more…

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