Michael Eckerman fraud shield

Michael Eckerman Fraud Shield

News with Michael Eckerman: Real estate broker guilty in multimillion-dollar fraud
Facing a potential term of up to 111 years

By LARRY WELBORN and RACHANEE SRISAVASDI

THE ORANGE COUNTY REGISTER

WESTMINSTER – A Westminster real estate broker was convicted Monday of multiple counts of real estate fraud for a $17.5 million scheme in which she illegally purchasing properties by using stolen identities and intentionally defaulted on loans in order to steal the loan money.
Michael Eckerman with fraud news.
to read the rest of this article, go here..http://www.ocregister.com/articles/chen-249351-counts-estate.html

Michael Eckerman, Wealth Recovery Specialist.

Michael Eckerman brings fraud awareness
Fraud Prevention Education in the Accounting Curriculum

By Larson, Linda Lee
Publication: Strategic Finance

In the last several years, the importance of preventing and detecting fraud has been brought home as never before. Articles on Enron, Tyco, WorldCom, and other accounting-related scandals have recently appeared in the pages of many newspapers and magazines, including Strategic Finance. Top company executives are being tried and sent to jail for “cooking the books.”
Michael Eckerman with fraud news.
These high-profile cases have made the general public aware of the importance of proper accounting procedures and internal controls and led to the passage of the Sarbanes-Oxley Act of 2002. Therefore, education in the prevention and detection of fraud should be incorporated into the college accounting curriculum. To read more about this article… go here…http://www.allbusiness.com/accounting/fraud/4105280-1.html
Michael Eckerman, Wealth Recovery Specialist

Michael Eckerman Mortgage Fraud: Educate yourself
Undisclosed Kickbacks

By Flynna Sarah E. Molina

To protect yourself from possible schemes, you have to be knowledgeable of the instances wherein fraud can manifest without your awareness. These are just some of the means by which mortgage loan fraud is conducted:
Michael Eckerman with fraud news.
Undisclosed Kickbacks
This type of fraud happens when you strike a deal with a home seller to give you a big wad of cash or slip a check across the closing table, for instance, to pay for a new roof or build new structures in the house. If the lender doesn’t know about it—because it’s not disclosed in the purchase contract or addendum or your estimated closing statement– it is mortgage fraud. In other words, when you do not tell the lender about the details of certain important deals, that is fraud. To read the rest of this article.. go here…http://www.a1articles.com/article_1207829_33.html

Michael Eckerman, Wealth Recovery Specialist

Michael Eckerman Fraud Defend, protection and awareness.

What is Interactive Advertising Fraud?

Over the last 10 years one of the main topics I have covered is advertising fraud. Over and over again fraud keeps on popping up in the industry both from small players to major players. It seems that no matter how much the industry matures, how much technology is created; fraud is a significant issue that siphons both money and confidence away from the industry. I’ve written about banner farms, click-fraud, lead-faking, IP spoofing… you name it. My friend Ben Edelman, famed attorney and Harvard researcher has made it his life to cover issues in interactive advertising and has exposed complex schemes that boggle the mind. Advertising fraud seems to be everywhere in all forms and needs to be exposed, talked about and changed. However, as much as there are obvious kinds of fraud, there are sometimes more nefarious methods of fraud that are not always classified by fraud but still affect the industry significantly and need to be talked about.

Someone recently made the ridiculous argument to me that the word fraud was used too often. Their argument was that certain types of fraud were more “mistakes” of misclassification. They argued that in the performance marketing world, creating leads from non-approved sources wasn’t generally fraud, but more of a quality-control issue. If an advertiser was looking for quality leads, and had specified that “incentivization” of those leads (such as providing money, point or a prize) was not allowed, that if this request wasn’t followed, there wasn’t fraud per-se. I disagreed, and continue to disagree completely with this and believe the entire thought process that goes behind it to be flawed completely. One could claim that this belief was limited to just that person, or a few people – but I’ve found that many people in our industry unfortunately believe this and it’s hard to change their opinion.

Let’s make this very clear: It is my belief that an advertiser who pays for advertising, whether its branded CPM, or performance based CPA or CPL, is completely entitled to get exactly what they pay for in entirety. Any argument that one is allowed to provide an advertiser a service other than what they specifically paid for and agreed on is fundamentally flawed. I’ve unfortunately heard the argument many, many times from people within the industry, especially on the performance advertising side: “If the advertiser doesn’t complain, what harm is it? They are getting results and we are producing results.” I believe those that argue that don’t actually believe this, but instead provide this as an excuse to themselves or their employees that there is something legit about what is going on.

According to Wikipedia, “fraud is an intentional deception made for personal gain.” In interactive advertising, I believe that this definition is extremely important and should be taken seriously in how the industry deals with fraud. While there will be honest mistakes where clear directions and restrictions are not always communicated by advertisers, as we mature as an industry this is less and less likely. Most of the “mistakes” that occur in the industry are fictitious in my opinion, but instead purposeful fraud by some party. We do have to be careful however who to blame: a specific network or company may not be the culprit but instead may just have a horrible quality and compliance team. In this case still, we need to somehow hold accountable those companies that seem to have problems over and over again and blame it on third parties – are they actually that incompetent, or are they purposely ignoring obvious sides of fraud and deception in order to benefit financially?

Pace Lattin is an interactive advertising expert who has been working in the industry for almost 15 years. His blog can be found at http://www.affpace.com and http://www.industrypace.com

have You Been A Victim Of Stock And Securities Fraud?

There’s been a significant increase, over recent years, in illegal activities by both Wall Street firms and corporate individuals which, has led to innocent people becoming subject to stock or securities fraud.

When we first start off in investing in the stock and securities market, the majority of us will use a brokerage firm or broker, to act on our behalf and advise us on what is a good investment. Sadly, for several investors, the faith we put into our broker is abused and our investment is made use of in very high risk investments which only profit the broker and not the investor.

You will discover numerous ways in which our trusted brokers can risk, or even lose, our investment including retaining important information and facts concerning the risks involved in the investment, churning (selling of securities to create high commissions), and excessive trading and over concentration.

Stock fraud can very easily be averted if you are scrupulous from the start. Investigate the company or broker extensively and ask for references from past clients if possible. Ensure you obtain all information concerning any investment and do not invest in any deals that you do not feel one hundred percent comfortable with. Remember, it is a broker’s requirement to present all paperwork regarding any investment.

Keep an eye on the stock market yourself on the web and, if you are new to the stock and securities market, then stick to shares, stock and the money market to play safe.

If you have been unlucky, and have become subject to stock or securities fraud, then it is important to use a qualified and experienced securities expert to help you try and recover some of your loss. Give as much paperwork and info as you can to your securities expert to enable them to recoup some, if not all of your investment.

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