For a while, in the late 1980s, I lived in South Florida. At that time, penny stock fraud was a huge problem, and some of the sleaziest penny stock brokerage houses operated out of sweatshop call centers set up in Boca Raton, Florida. Because all of these brokerages were so close to each other, the […]

Last week’s New York Times Sunday magazine had a feature story detailing the criminal underworld network behind the bottom feeder debt collection industry.  The article, by Jake Halpern,  titled Paperboys: Inside the Dark Lucrative World of Consumer Debt Collection explains how the industry uses lies and pressure to make huge profits by paying 1% of […]