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Five men are scheduled to be arraigned Monday on charges that they tricked hundreds of people into paying thousands of dollars in up-front fees for home loan modifications they never intended to perform. Jacob John Cunningham, 24, Dominic Adam Nolan, 30, John D. Silva, 27, all of Irvine, Justin Dennis Koelle, 23, of Costa Mesa and Andrew Michael Phalen, 25, of Mission Viejo face multiple felony charges related to the alleged three-year scam. Authorities claim they created fake home loan modification companies and sent out mailers soliciting fees to adjust customers' mortgages. The ads said they were 100% successful and would return the initial fee if the company did not complete the loan modification, according to prosecutors. It's illegal to collect fees ahead of performing home loan modifications in California. As the men collected from their victims, prosecutors said they would change their company's name, phone number and addresses. The plot developed in 2011, with the men allegedly representing themselves as CitiFinancial and CitiMortgage and offering home refinancing. Customers were asked to deposit money into the group's account at a low interest rate. The total loss is estimated at more than $65,000 nationwide. The men face sentences ranging from seven years and eight months to 21 years and eight months in prison. - Joseph Serna

All StoriesDiggsCommentsSubmissionsAwardsFollowersFollowing 2 Dugg Best content in Shaw Capital Management Factoring | Diigo - Groups - Shaw Capital Management Fact... shawcapitalmanagementfactoringii.tumblr.com - Shaw Capital Management and Financing provides export trade financing to clients in every major world market and can convert accounts receivable f... 3 days ago via shawcapitalfactoring0 CommentsPost Comment Save 4 Shaw Capital Management Factoring and Financings I Tumblr shawcapitalmanagementfactoringii.tumblr.com - The Interface Financial Group (IFG), a growing source of alternative funding for Australian small businesses, announced that the company welcomes t... Oct 25, 2011 via frainesam2 CommentsPost Comment Save 2 Dugg Best content in Shaw Capital Management Factoring | Diigo - Groups groups.diigo.com - Shaw Capital Management and Financing provides export trade financing to clients in every major world market and can convert accounts receivable f... 10 days ago via shawcapitalfactoring1 CommentPost Comment Save 1 Dugg Shaw Capital Factoring Latest News | Blogspot shawcapitalfactoringlatestnews.blogspot.com - DOW JONES NEWSWIRES Mortgage rates, including the average rate on 30-year fixed mortgages, declined again this week, according to Freddie Mac's (FM... 12 days ago via shawcapitalfactoring1 CommentPost Comment Save 2 shawcapfactoring's favorite websites - StumbleUpon| Shaw Capital Management Factoring and Fi... stumbleupon.com - Terms & Conditions & Shaw Capital Management Factoring... Rated Jul 11 * 1 review * business * shaw-capitalmanagementfactoring.com Shaw C... Jul 29, 2011 via frainesam1 CommentPost Comment Save 1 Dugg Shaw Capital Management: Cyber World War Warning from Security Experts shaw-capitalmanagementfactoring.com - The major Internet security specialist cautioned Tuesday that the cyber terrorist assault having "catastrophic consequences" currently seemed signi... 19 days ago via shawcapitalfacto

Countless of outdated mobile phones languish in cupboards and drawers across the UK, and there are dozens of websites that will offer you cash for old handsets - but are you getting a good deal, watch out for scams online. Good thing we have Shaw Capital Management here to keep you updated. In offering money for a used, frequently useless phone, mobile phone 'recycling' companies usually sell of those handset devices rather than recycling it in order for them to provide a unique perfect service. The process goes like this; Customers will enter to- the make and model of their phone, its condition, and some personal details into a website. A quote appears and the company sends out a freepost envelope. Pop the phone in the envelope, then the Customers will send it back to the company and within a few days the money will arrive via cheque or in your bank account. At least, that is how it is supposed to work. But if customers are not careful they can end up with a bad deal - or nothing at all. To test the market, one of the customers searched online and found what appeared to be a good offer: £65 for his old phone - a handset he had bought three years ago. He posted it and waited for the bank transfer. But after Cash4Phones examined his used phone, He got an email informing that "excessive wear and tear" meant the company could only give him £39.33.He had five days to accept. After He complained - the phone is virtually free of scratches and the screen is intact - the company upped its offer to the original price. On one popular phone recycling forum, we found close to a hundred similar complaints about Cash4Phones offering less than its original quote because of "wear and tear" - far more than nearly any other company. Most of the complaints appeared to be resolved on the forum after Cash4Phones increased its offer, and the company says online forums are skewed towards people who are dissatisfied. It says it has many more customers who

France's president, Nicholas Sarkozy appeared on a Shaw Capital Management televised interview for his New Year speech to announce new reforms in their economy prior to the election season. However, a strong opposition from a Socialist candidate voiced his concern, making it hard for Sarkozy to gain support from Europe's elite and middle class who have been deeply affected by the economic crisis. The president's interview on Sunday night were broadcasted live on 8 TV channels and according to Sarkozy himself, his intent is to provoke alert and set an example in the whole of Europe. In the hour-long interview, Sarkozy's two main proposals were to raise the VAT (value added tax) from 1.6% to 21.2% and start a 0.1% financial transaction tax (dubbed as "Robin Hood" tax). He also plans to increase the quantity of young people being taken as apprentices and make a new bank to invest in the industry. However, his rivals weren't as enthusiastic. Although Sarkozy hasn't announced anything about his re-election bid, his proposals outlined on the televised interview clearly shows what his platform would be like for the two phases of election on April 22 and May 6. Included in Sarkozy's proposals is the setting up of an industrial investment bank with one billion euros as capital to lend financing for SMEs in February. Germany and UK, along with other European countries, have already opposed implementation of Financial Transaction Tax in Europe. Leaders of the European Union are getting together for their first meeting this year as worsening economy and the struggle to finish the Greek debt writeoff can possibly distract efforts to end the crisis. EU leaders arrived in Shaw Capital Management Brussels to finish the German-led deficit-control document and endorse the USD 661 billion rescue budget to be implemented this year. On Saturday, Greece said that they are expecting to finish a deal soon after bondholders said they will accept dem

France's president, Nicholas Sarkozy appeared on a Shaw Capital Management televised interview for his New Year speech to announce new reforms in their economy prior to the election season. However, a strong opposition from a Socialist candidate voiced his concern, making it hard for Sarkozy to gain support from Europe's elite and middle class who have been deeply affected by the economic crisis. The president's interview on Sunday night were broadcasted live on 8 TV channels and according to Sarkozy himself, his intent is to provoke alert and set an example in the whole of Europe. In the hour-long interview, Sarkozy's two main proposals were to raise the VAT (value added tax) from 1.6% to 21.2% and start a 0.1% financial transaction tax (dubbed as "Robin Hood" tax). He also plans to increase the quantity of young people being taken as apprentices and make a new bank to invest in the industry. However, his rivals weren't as enthusiastic. Although Sarkozy hasn't announced anything about his re-election bid, his proposals outlined on the televised interview clearly shows what his platform would be like for the two phases of election on April 22 and May 6. Included in Sarkozy's proposals is the setting up of an industrial investment bank with one billion euros as capital to lend financing for SMEs in February. Germany and UK, along with other European countries, have already opposed implementation of Financial Transaction Tax in Europe. Leaders of the European Union are getting together for their first meeting this year as worsening economy and the struggle to finish the Greek debt writeoff can possibly distract efforts to end the crisis. EU leaders arrived in Shaw Capital Management Brussels to finish the German-led deficit-control document and endorse the USD 661 billion rescue budget to be implemented this year. On Saturday, Greece said that they are expecting to finish a deal soon after bondholders said they will accept demands for an incr

MBABANE - The Customs Department, now Swaziland Revenue Authority (SRA) has been blamed for laxity in verifying the authenticity of the registration of imported cars, contributing to the laundering of the cars in Southern Africa. A report of the Institute for Security Studies (ISS) found that such money laundering is also used to finance terrorist activities driven by the Al-Qaeda. The report titled Money Laundering and Terrorism Financing Risks in Botswana was compiled after a study was conducted in 2009. It states that used motor vehicles imported from Asia are first taken to Botswana, where they are issued with forged registration before being driven to Lesotho and Swaziland to be re-registered. "Since the authorities in the two countries have neither time nor the capacity to verify the authenticity of the registration documents produced, the vehicles are thus easily laundered," the report states. The report further states, "No duty would have been paid on the vehicles in Botswana as they would not be in the official registration database. At the same time, the vehicles would not attract duty in Lesotho or Swaziland on the assumption that such duty would have been in Botswana as part of the registration process there. A significant number of the vehicles are smuggled into South Africa despite the country having stringent laws on the imp-ortation of second-hand vehicles." The report states that the boom in imported used cars, which dates back to 2000, opened a window to the unmonitored crime. In Swaziland there are several sellers of used imported cars whose operations are currently being scrutinised by the newly launched Swaziland Revenue Authority (SRA.) About a month ago, the authority ordered all import car dealers to close their bonded warehouses while investigations were ongoing. This was after revelation that government had been cheated of over E28 million by the dealers who under-declare the cars. In Botswana, it was said that a number of ter

Shaw Capital Management and Financing provides export trade financing to clients in every major world market and can convert accounts receivable finance transactions in 17 currencies. We have no minimum or maximum monthly volume requirements. Other factoring companies require a financial commitment for the amount of freight bills you factor each month. Our highly skilled team provides full administrative support - including credit management, invoicing, collections, account reporting, expense reporting, fuel card management and much more! With Shaw Capital Management and Financing, you get paid in full minus our fee the day we receive your freight bills. Other factoring companies holdback 10 to 15 percent of your money or more for each invoice in a reserve account. That reserve amount is not immediately provided to your company. In the end, you receive part of that percentage back, depending on how long it takes the factoring company to receive payment on the invoice.

Shaw Capital Management and Financing provides export trade financing to clients in every major world market and can convert accounts receivable finance transactions in 17 currencies. We have no minimum or maximum monthly volume requirements. Other factoring companies require a financial commitment for the amount of freight bills you factor each month. Our highly skilled team provides full administrative support - including credit management, invoicing, collections, account reporting, expense reporting, fuel card management and much more! With Shaw Capital Management and Financing, you get paid in full minus our fee the day we receive your freight bills. Other factoring companies holdback 10 to 15 percent of your money or more for each invoice in a reserve account. That reserve amount is not immediately provided to your company. In the end, you receive part of that percentage back, depending on how long it takes the factoring company to receive payment on the invoice.