Lloyd Lofthouse

ABC’s Good Morning America reported on Phantom Debt Collectors From India Harass Americans, Demand Money.

GMA reports, “Hundreds of thousands of cash-strapped Americans have been targeted by abusive debt collectors operating out of overseas call centers suspected of links to organized crime in India, law enforcement officials told ABC News.”

Working through call centers in India, the commission estimates that the criminals have dialed at least 2.5 million calls, persuading already cash-strapped victims to send them more than $5 million

In another example, we learn about A New Crime Wave of Identity Theft: Is Your Child in Danger.

“It’s undetected and undetectable.” “They’ll use your child’s Social Security number with a different name and a different birth date,” In the last three years, there have been 57,000 cases of child identity theft reported to the Federal Trade Commission. A new report from All Clear ID estimates that one in 10 U.S. children are victims.

Olivia McNamara was starting her freshman year at Vanderbilt University when she applied for her first credit card. After being rejected twice, she did some digging and found that someone had stolen her identity and had run up massive debt – to the tune of $1.5 million. when she was 9. Someone had stolen her Social Security number and set up false identities and more than 42 accounts. All of them had defaulted.

Then the June 2012 AARP Bulletin reported (on page 20), Locked out of Luck by Sid Kirchheimer. The piece says, “The overwhelming majority of locksmiths with an 800 phone number are not legitimate … In reality, the pro arrives in a van with no fixed address and a scam in mind. … The work is faulty plus expensive—often $1,000 or more, and demanded in cash.”

AARP even has a book out by fraud expert Doug Shadel, Outsmarting the Scam Artist. Shadel and a team of scientists interviewed thousands of victims and dozens of scam artists who revealed their trade secrets.

The Federal Trade Commission warns, “Consumer frauds pose a threat to consumers and the economy. Even the most wary and sophisticated consumers may fall victim to fraudulent offers – in the mail, in the media, and on the Internet.”

The FTC report stated that in the year prior to the survey the number of victims of the most common types of consumer fraud reached almost 36 million with 53 million incidents.

In fact, in 2010, the Better Business Bureau reported, “$2.9 trillion is lost to fraud annually.” In a decade that adds up to $29 trillion or more than twice the National Federal debt.

Discover The going, going gone American Dream

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Lloyd Lofthouse, a former U.S. Marine and Vietnam Veteran, is the award winning author of The Concubine Saga.

His latest novel is Running with the Enemy. Blamed for a crime he did not commit while serving in Vietnam, his country considers him a traitor. Ethan Card is a loyal U.S. Marine desperate to prove his innocence or he will never go home again.

And the woman he loves and wants to save was trained to hate and kill Americans.

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