Mastodawn

Windsor, Ont., business owner out $27K after scammers compromise Uber Eats app
A business owner in Windsor, Ont., says he's out more than $25,000 after scammers compromised his banking details on a popular food delivery platform. Police say the financial crimes unit has received the complaint and is investigating.
https://www.cbc.ca/news/canada/windsor/windsor-uber-eats-scam-money-gone-9.7141934?cmp=rss

CBC New Brunswick Jan 27

Dieppe businessman feared financial ruin in deal with man accused of fraud, theft
Testifying Tuesday for the second time in Daniel Bard's financial crimes case, Clinton Davis recounted a failed loan deal that left he and his wife, who co-owned a hair salon, out $25,000 US.
#financialcrimes #fraud #theft #Dieppe
https://www.cbc.ca/news/canada/new-brunswick/daniel-bard-testimony-davis-and-dye-moncton-9.7062803?cmp=rss

Yonhap Infomax News Dec 22

South Korea's Financial Supervisory Service launches a Consumer Protection Headquarters reporting directly to the Governor, overhauling its structure to prioritize consumer protection and expedite the introduction of special judicial police for financial crimes.
#YonhapInfomax #FinancialSupervisoryService #ConsumerProtection #SpecialJudicialPolice #OrganizationalReform #FinancialCrimes
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=96577

FSS Establishes Consumer Protection Headquarters Reporting Directly to Governor—Expands Special Judicial Police Authority

Yonhap Infomax

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Flipboard May 23, 2025

One of TV personality Dr. Phil’s maxims is that you should avoid debt at all costs. At the same time, his son Jay McGraw has been involved in the payday lending industry. @ProPublica collaborated with Anchorage Daily News on a story about his role in CreditServe Inc., a consulting firm that worked with a company owned by a Native American tribe in Alaska that offered small dollar loans, with interest rates as high as 700%. CreditServe provides the infrastructure to market, underwrite and collect on loans while “the Tribe is merely a front” and shares in only a small percentage of the revenue, according to a suit filed by five borrowers. They claim that McGraw has collected hundreds of millions of dollars of consumer payments.

https://www.propublica.org/article/minto-money-dr-phil-son-payday-lending-alaska

#Money #Finance #Alaska #Anchorage #DrPhil #FinancialCrimes #Newstodon #NewstodonFriday #FollowFriday

A 700% APR Lending Business Tied to Dr. Phil’s Son Is Dividing an Alaska Tribe

Tribal lender Minto Money has boosted the economy of its Alaska town. But some tribal members are appalled by the millions it’s made off desperate borrowers — much of which, lawsuits allege, has gone to outsider Jay McGraw, son of Dr. Phil.

ProPublica