Criminal probe into online mortgage scams widens

Nov 21, 2011

(AP) -- A criminal investigation into mortgage swindlers who lured their victims with deceptive online ads is widening.

The probe is expanding beyond ads placed alongside Google's search results to include similar links sold by Microsoft and Yahoo. A U.S. government agency overseeing the investigation said Monday that 125 alleged scams have been shut down. That's up from 85 closures last week when the crackdown was announced.

Like Inc., Microsoft Corp.'s Bing search engine agreed to stop accepting ads from hundreds of Internet advertisers and agencies tied to scams that made bogus promises to homeowners hoping to avoid foreclosure by modifying their mortgages. The ban also applies to Yahoo Inc., because it depends on Microsoft to sell its in the U.S.

Explore further: Twitter working with probe on online threats

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Government closes mortgage scams tied to Google

Nov 17, 2011

(AP) -- The federal government has shut down dozens of Internet scam artists who had been paying Google to run ads making bogus promises to help desperate homeowners scrambling to avoid foreclosures.

Google near US settlement over ad practices

May 13, 2011

Google is close to reaching a settlement with the Justice Department over allegations it made hundreds of millions of dollars by accepting advertisements from online pharmacies that break US law, The Wall ...

Recommended for you

Twitter working with probe on online threats

19 hours ago

Twitter said Monday it was working with law enforcement officials on unspecified threats, amid reports that the social network had been targeted for blocking accounts linked to the Islamic State.

IOC defends Rio legacy amid green protests

Mar 01, 2015

Ecological protests on Saturday dogged the final day of an International Olympic Committee executive board meeting in Rio as green campaigners slated the choice of a nature reserve to hold the golf event ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.