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: Study shows role of media in sharing life events

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

Study shows role of media in sharing life events

20 hours ago

To share is human. And the means to share personal news—good and bad—have exploded over the last decade, particularly social media and texting. But until now, all research about what is known as "social sharing," or the ...

UK: Former reporter sentenced for phone hacking

Jul 24, 2014

(AP)—A former British tabloid reporter was given a 10-month suspended prison sentence Thursday for his role in the long-running phone hacking scandal that shook Rupert Murdoch's media empire.

Evaluating system security by analyzing spam volume

Jul 24, 2014

The Center for Research on Electronic Commerce (CREC) at The University of Texas at Austin is working to protect consumer data by using a company's spam volume to evaluate its security vulnerability through the SpamRankings.net ...

Surveillance a part of everyday life

Jul 24, 2014

Details of casual conversations and a comprehensive store of 'deleted' information were just some of what Victoria University of Wellington students found during a project to uncover what records companies ...

User comments : 0