Consumer Alerts 2015
Scam Tries to Rip Off Consumers in False Solicitation About Signal Oil Fraud Settlement
A likely phony law firm is contacting people by phone and offering to send them a portion of funds recovered for investors in a securities fraud case against Signal Oil. The callers claim a Los Angeles, CA law firm called Palmer & Associates has...
Phony Lending Company License
The Department of Business Oversight (DBO) has been notified that an entity called “Lending America, Inc.” is falsely claiming to be licensed by DBO. Lending America is not a DBO-licensed lending company.Lending America, Inc,. also has been suspended by...
Fraudulent Loan Fee Solicitation
The Department of Business Oversight (DBO) has received reports of what appears to be an advanced fee scam. Several consumers reported receiving correspondence from Advance America/Cash Advance telling them they were approved for a loan. After accepting...
Fraudulent Claim of “Keep Your Home California” Affiliation
The Department of Business Oversight (DBO) has been notified that a group called Leading Management Corp has been sending letters to people claiming an affiliation with Keep Your Home California (KYHC) and charging people for their services. KYHC has no...
Phony Debt Collection Scam
The Department of Business Oversight (DBO) has been notified that an entity claiming to be a collection agency has been calling members of the public attempting to collect on purported payday loan and other debts. Law enforcement and regulatory agencies in...
Abd Al Rashid Fahim Lending Consultant Scam
The Department of Business Oversight (DBO) has been notified that an entity called “Abd Al Rashid Fahim Lending Consultant” is using, without authorization, the name and doctored license of Bluevine Capital, Inc. Bluevine Capital is a DBO-licensed...
Phony Escrow Company Website
The Department of Business Oversight (DBO) has been notified about a phony website – d-g-e.net – that is using, without authorization, the name, address and corporate identification number of Diamond Global Escrow, Inc. Diamond Global is a DBO-licensed...
False Solicitation about Leland Energy Settlement
The DBO has become aware that past investors in Leland Energy are being solicited by a purported New York State-licensed attorney claiming to have been hired by the State of California to contact them regarding $6.5 million in funds he claims to hold from...
DBO Commissioner Clarifies Coinbase Licensing Status in California
Department of Business Oversight Commissioner Jan Lynn Owen today issued the following statement to correct erroneous reports that Coinbase Exchange has received regulatory approval from the State:“Numerous press accounts about Coinbase’s Jan. 26 launch of...