How To Protect Yourself - Scams and Cons Explained

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Learn about scams before they happen. While we cannot offer legal advice we can teach and inform so you know what to watch for. Collection offers may sound valid, but companies want your money and may promise to help. This is your online scam, fraud and con prevention center

On these pages we tell you the truth about settlements scams, debt collector scams, false promises, and how companies later claim "There is no record of that conversation", and how to prevent future frustration

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The FBI says types of public corruption include:

Law Enforcement corruption at the state or local level typically involves the payment of bribes or kickbacks in exchange for official actions or inaction. It also includes any violation of law not necessarily connected to the official duties of law enforcement personnel.

Legislative corruption at the state or local level usually involves payment of bribes or kickbacks in exchange for official action or inaction. These bribes or kickbacks can be received by the legislators themselves, by aides, by staff persons, and/or by outside parties doing business with the government.

Municipal corruption involves illegal activities similar to legislative corruption. Common corruption schemes at a local level include bribes or kickbacks in exchange for: supporting local ordinances, approving local government bond issuance, reducing taxes unlawfully, fraudulently manipulating probate assets, and conspiring with others to rezone property or to influence land-use proposals.

Judicial corruption typically arises out of the corrupt influencing of state or local judges, juries, or court personnel (clerks, bailiffs, probation officials, and other administrative staff). Common corrupt schemes include: payments to judiciary personnel in exchange for dismissal of charges; reduction of charges, bonds, or sentences; waiver of fines; return of forfeitable property; and favorable probation conditions.

Contract corruption usually involves the payment of bribes or kickbacks to local or state officials in exchange for favorable treatment on government contracts. Potential subjects are private contractors, anyone acting on their behalf, and public officials involved in the contracting process (procurement officers, purchasing agents, city councilpersons, and county commissioners).

Regulatory corruption involves payment to local, state, or federal officials in exchange for favorable action or inaction pertaining to identification documents, licensing, and inspection and zoning variances. Unlawful payments are commonly known as bribes and kickbacks.

Prison corruption involves corrections officers taking unlawful payment for acts directly or indirectly related to their job. Common schemes include: smuggling contraband into the facility, granting unlawful privileges, and prematurely releasing inmates.

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The Rise and Fall of Household International and HSBC Finance Free Document - Learn more about the history of predatory lending and causes of the financial crisis. 32 Page Free PDF. Get it now

Article Title

Settlement Offers From Sherman Financial, Alegis, Resurgent and Other Debt Collectors

We’ve been getting questions about Sherman Acquisitions, who they are or what they are. We attempt to answer those questions with this document. Variations of the names that have shown up on foreclosure and bankruptcy procedures are Sherman Acquisitions LP, Sherman Acquisitions II, LP, and Sherman Acquisitions III, LP. Outside of the court references and various forums I found little reference to the name. However, in the court filings, Sherman Acquisition was acting for the plaintiffs in bringing suit, leading me to believe they are part of the legal department or court recognized collectors. The names of some of the plaintiffs provided some interesting information. An example: Sherman Acquisitions LP v Some Persons Name, plaintiff LVNV Funding LLC.

Researching LVNV Funding led to this information: “LVNV Funding purchases portfolios of both domestic (U.S.) and international consumer debt from credit grantors including banks, finance companies, and other debt buyers. As the new owner of any debt purchased from the original creditor or from another debt buyer, the LVNV Funding name may appear on a customer’s credit report, or in a letter from a collection agency if the account is delinquent.

If you are a customer and would like to speak to a representative of LVNV Funding about your account, please contact the Customer Service Department of Resurgent Capital Services LP (www.resurgent.com) at 888-665-0374.

Theoretically LVNV Funding has purchased the debt, and is ultimately the party being paid, Resurgent acts as a collector or servicer (receiver) for the funds on behalf of LVNV. Resurgent Capital Services LP:

PO Box 740281
Houston Texas 77274
U.S.A.
Phone: 888-665-0374 (Tested and answered as Resurgent)
Fax: 888-665-4445

Resurgent Capital Services
15 S. Main Street
Greenville, SC 29601
864-678-8700
www.rcap.com

Sherman Acquisitions, II LP has also been linked to Resurgent and Alegis Group, based on reports to message boards. Researchers have avoided using information on message boards in this document. Information has been confirmed by researching court cases, web site registrations, and other public records. Sherman Financial Group LLC owns or controls Resurgent Capital Services and Alegis Group.

Alegis Group LP
15 South Main St. Suite 600
Greenville, SC 29601
864-248-8700
Phone: (864) 678-8593 answered as Resurgent Capital Services (answering machine)
Fax: (864) 370-4998

Alegis Corporation
9700 Richmond Avenue
Suite 160
Houston, TX 77042
United States Tel: 1-713-784-9966
Fax: 1-713-784-6730

Information available from www.whois.sc shows Sherman Financial Group, LLC (www.shermfin.com ) as the registrant of the web sites for Resurgent Capital Services (www.resurgent.com and www.rcap.com), LVNV Funding (www.lvnvfunding.com ), and Alegis Group (www.alegisgroup.com , website is inactive).

A recent addition has been Ventus Capital Services. It is a joint venture between Timothy Beffa and Sherman Financial Group. To form the Ventus Capital joint venture, Beffa said he and his management team contributed a company they've been running in St. Louis called Credit Control Inc. Its customers are mostly in the health-care industry, he said.

Ventus Capital Services (www.ventuscap.com ) had the domain name registered to Ventus Capital Services, with the first record created 16 June 2004, according to record searches.

Sherman Financial Group LLC is a leading purchaser of distressed consumer debt. The company services and resells delinquent unsecured assets such as credit card receivables, student loans, auto deficiencies, high loan-to-value second mortgages, and bankruptcy debt. With the acquired resources Credit Control, Inc and Ventus Capital Services, expect to see them poised for the collection of medical and dental bills.

In the debt-purchasing ranking, Sherman Financial Group, based in New York, leads the way with $7 billion (value of the original debt) acquired in 2002 – impressive growth from 2000, when it bought $4 billion. In 2002 Sherman paid $7 million for purchases with a face value of $7 billion and had $325M in revenue.

The following are addresses and telephone numbers are for Sherman Financial Group: Sherman Financial Group
85 10th Ave N
New York, NY 10011-4725
(646) 486-5976

Sherman Financial Group
335 Madison Ave.F19
New York, NY 10017-4632
(212) 922-1616

Sherman Financial Group, LLC
8600 Governors Hill Dr
Cincinnati, OH 45249
(513) 707-3000

Researchers are reasonably sure that the above telephone numbers belong to offices of the Sherman Financial Group LLC. However, they also found some inactive web sites and telephone numbers. These may have been shut down either due to similarities in their names (Sherman Financial and Sherman Funding) or because of the unwanted attention that came because the names so closely resembled the name of a debt buying and collection company.

The information gathered for this report is or was publically attainable from unclassified sources. Household - HSBC Watch is not responsible for errors or omissions.

Before accepting a settlement offer from any debt collector or collection agency we advise our visitors to carefully read all the information on this website

Parts Two and Three of this document are here at HSBC Watch

2010/09/03 · by T. Blake