Trump foe Michael Avenatti arrested for bail violation in California

Trump foe Michael Avenatti arrested for bail violation in California

Celebrity attorney Michael Avenatti speaks to the media outside of a New York court house after a hearing in a case where he is accused of stealing $300,000 from a former client, adult-film actress Stormy Daniels on July 23, 2019 in New York City. Spencer Platt | Getty Images Michael Avenatti, the controversial lawyer facing … Read more…

How to get the right financial advice and avoid costly mistakes

How to get the right financial advice and avoid costly mistakes

SuperStock | Getty Images Finding someone to turn to for financial advice should be as easy as finding a doctor. But it turns out the credentials which financial professionals use to represent themselves are often not clear. And getting the wrong guidance can be costly. Misguided advice costs investors about $17 billion in wealth annually, … Read more…

Why consumer protections didn't improve as expected in the 2010s

Why consumer protections didn’t improve as expected in the 2010s

President Barack Obama signs the the financial reform bill into law July 21, 2010. Getty Images To sum up the past decade, you could call it a tale of two presidents. For evidence of that, look no further than the Dodd-Frank Wall Street Reform and Consumer Protection Act. The financial overhaul legislation was signed into … Read more…

This is the Social Security scam you don't want to fall for

This is the Social Security scam you don’t want to fall for

For many people, it’s a call they’re not expecting. An unknown caller tells you that your Social Security number has been suspended or cancelled. If it happens to you, it’s likely the latest iteration of a robocall scam the IRS warned individuals about earlier this year. Still other calls try to convince people to pay … Read more…

What to do when you fall for a Social Security scam or ransomware

What to do when you fall for a Social Security scam or ransomware

sarahwolfephotography | Moment | Getty Images It’s almost Christmas. You’re stressed. Someone called demanding your full credit card number, Social Security Number and bank account number to finish that online toy purchase you just made. And you blurted them out. Or maybe you got spooked by a phony IRS pitch. Or entered your bank account … Read more…

Catch Me If You Can's Frank Abagnale says every scam has 2 red flags

Catch Me If You Can’s Frank Abagnale says every scam has 2 red flags

Americans lost almost $1.5 billion to fraud in 2018. That’s $400 million more than 2017, according to the FTC’s Consumer Sentinel Network. The 71-year-old Abagnale is a reformed con artist and author of “Scam Me If You Can.” He was famously portrayed by Leonardo DiCaprio in the 2002 movie “Catch Me If You Can.” He … Read more…

This NBA financial detective protects players from investment fraud

This NBA financial detective protects players from investment fraud

Professional athletes lose a lot of money to fraud. Research from Ernst & Young estimates the losses at almost $600 million from 2004 to 2018. And those are just the amounts publicly claimed by athletes. David Byrne wants to help change that. As a lifelong sports enthusiast and Washington Wizards fan, Byrne started BrightLights after … Read more…