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Beware of scams, identity theft in 2021
South Carolina Department of Consumer Affairs has tips for consumers, businesses to help prevent personal information, financial loss Author: WLTX Updated: 4:38 PM EST February 4, 2021
This is a busy time for scammers and identity thieves it s tax season, people are looking for stimulus checks and unemployment compensation, and may let down their guard when exposing personal and financial information.
The South Carolina Department of Consumer Affairs (SCDCA) wants the public to be aware that this week is ID Theft Awareness Week and warns consumers and businesses to be on the lookout for the following schemes in 2021:
Businesswoman Melanie Jo Schulze-Miller admitted during a court hearing earlier this month that she falsified information on insurance paperwork as part of a lucrative scheme that preyed on cash-strapped military veterans and unsuspecting investors in South Carolina and across the nation. Yes, I am guilty, Schulze-Miller said. The former national life-insurance sales director for an Arizona-based financial firm spoke while appearing on a video screen at the federal courthouse in Greenville.
Schulze-Miller, 39, earned at least $1.2 million in commissions through her ties to a company called Future Income Payments, according to court records.
The Greenville News published a yearlong investigation, Indebted, in 2019 detailing how Future Income Payments and a smaller venture profited from the illegal buying and selling of veterans disability benefits and pensions.
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The CFPB (Bureau) and the South Carolina Department of Consumer Affairs recently settled a case with two companies (and their owner) which brokered high-interest credit to veterans (as well as other consumers), which were based on the lender’s right to receive veterans’ pensions. The program was alleged to provide consumers with a lump-sum payment that would be repaid with high interest amounts and by assigning portions of their disability or pension payments. The case was originally filed in October 2019 and alleged that the individual and companies violated the Consumer Financial Protection Act and that they engaged in deceptive acts and practices.