Family members charged in exploitation of grandma

Posted by administrator | 14/02/12 | Tagged Credit Card

Family members charged in exploitation of grandma
News from Salt Lake Tribune:

Two men are facing felony charges for allegedly exploiting a 74-year-old family member.

Jay Lee Allen, 29, is charged with one count of exploiting a vulnerable adult, a second-degree felony; unlawful use of a financial transaction card, a second-degree felony; and unlawful acquisition, possession or transfer of a financial transaction card, a third-degree felony.

The woman, who is Allen’s grandmother, told police that between Dec. 22, 2011, and January 2012 someone used her credit card 33 times and withdrew more than $ 8,000, court documents say.

The woman recognized her grandson as the one making the withdrawals when she saw credit union surveillance photos. Allen told police he had stolen his grandmother’s credit card on Dec. 22 when she was hospitalized, charging documents say. Police say Allen was given the key to his grandma’s apartment and asked to take care of her dog while she was in the hospital. Allen told police that he estimated he took about $ 10,000 from the account and used it to buy Oxycodone pills, court documents say.

While reviewing her account further, the woman noticed another set of 29 transactions from Nov. 2, 2011, to Jan. 7, 2012, of more than $ 2,500. The woman suspected it was her 53-year…………… continues on Salt Lake Tribune

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Credit card thieves attack OpenSim grids
News from Hypergrid Business:

Credit card thieves have figured out a way to steal money from OpenSim grid owners.

They take the credit cards, and use them to purchase virtual currency from the grids. Then they turn around and redeem the currency for cash before the card holder notices the theft and complains. The credit card company reverses the transaction and now the grid is out the full amount — plus the time spent dealing with the issue.

Any grid that issues its own virtual currency and allows it to be redeemed is potentially vulnerable. Second Life, for example, to combat against this kind of fraud, has a security API in place for third-parties that trade its currency, such as outside currency exchanges, as well as internal controls.

One grid hit recently is InWorldz, OpenSim’s most popular commercial social grid.

To combat this menace, the grid has put controls in place about how much currency new residents can buy, and halted outbound transfers via third parties.

Bellissima Square on Bella region of InWorldz is just one of many shopping destinations on OpenSim’s most popular grid.

“The non transf…………… continues on Hypergrid Business

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Tanisha Warner: Debt management plans vs. Chapter 13 bankruptcy
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Debt management plans vs. Chapter 13 bankruptcy

By Tanisha Warner

Credit Care

Tanisha Warner is the communications manager for Money Management International, where she manages educational content designed to teach consumers about personal finance topics.

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Dear Credit Care,
Due to a reduction in pay, I have been unable to pay my credit card debt and have had three cards charged off, three on current payment arrangements and one charged off that may be heading to legal, thou…………… continues on

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