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: Social media sackings risk stifling journalistic expression

0 shares

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

ICANN chief stepping down in early 2016

May 21, 2015

The head of the group that oversees all Internet addresses will step down early next year, after a plan to end US oversight of the key nonprofit organization.

How alternative currencies could catch on and cash in

May 21, 2015

Alternatives to cash, like Bitcoin and Uber, may never replace the coins in our pockets or paper bills in our wallets, but they are creating significant social and economic impacts, and with some design adjustments, ...

Spotify introduces video, radio service

May 20, 2015

While saying that it is still a music company at heart, Spotify says it is expanding its lineup to include podcasts, news radio and video streaming.

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.