Ohio Man Charged with Identity Theft, Mortgage and Credit Fraud

Douglas E. Shaheen, 59, Stongsville, Ohio, has been charged in a four-count information with bank fraud and one count each of wire fraud and access device fraud.

The information alleges that Shaheen obtained numerous loans and credit accounts totaling more than $6 million at seven different financial institutions in his father’s name without his knowledge or consent. Specifically, count one alleges thatShaheen obtained two mortgage loans for $2 million and $700,000 on a residence in Henderson, Nevada, in September 2006, in his father’s name. The information further alleges that Shaheen refinanced those loans in March 2007 for $2,764,000 and subsequently obtained another $200,000 home equity line of credit on that residence. The information charges that Shaheen also provided false and fraudulent financial information about his father to obtain these loans. The information states thatShaheen subsequently defaulted on these home mortgage loans and Coutrywide Bank sustained a substantial loss of an undisclosed amount.

Count two of the information alleges that in October 2006 Shaheen purchased a 2007 Mercedes-Benz SL65 convertible for a total purchase price of about $202,000. The information states that Shaheen purchased this vehicle jointly in his own name as well as his father’s, again without his knowledge or authorization. The information further alleges that Shaheen financed $177,362 of this purchase price and again provided false financial information about his father as well as himself. The information charges that Shaheen defaulted on this automobile loan, surrendered the vehicle in November 2008, and the Mercedes was later resold at a substantial loss. As a result, the information states that Mercedes-Benz Financial sustained a loss of $84,888.77.

Count three of the information alleges that Shaheen opened ten credit accounts and lines of credit in his father’s name atMBNA America Bank, National City Bank, U.S. Bank, and CitiBank. The information again alleges that Shaheenprovided false and fraudulent financial information about his father, he used those accounts fraudulently, and subsequently defaulted on them. As a result, the information alleges that these four financial institutions sustained losses totaling $181,212.31.

Finally, count four of the information alleges that Shaheen fraudulently opened two credit accounts in his father’s name withAmerican Express in August 2007. The information further alleges that Shaheen fraudulently used those accounts, defaulted on the balances owed, and caused American Express to incur a loss of $56,371.80.

If convicted, the defendant’s sentence will be determined by the Court after review of factors unique to this case, including the defendant’s prior criminal record, if any, the defendant’s role in the offense and the characteristics of the violation. In all cases the sentence will not exceed the statutory maximum and in most cases it will be less than the maximum.

William J. Edwards, United States Attorney for the Northern District of Ohio, announced the charges. This case is being prosecuted by Assistant United States Attorney John D. Sammon, following an investigation by the Cleveland Office of the United States Secret Service.

An information is only a charge and is not evidence of guilt. A defendant is entitled to a fair trial in which it will be the government’s burden to prove guilt beyond a reasonable doubt.

Can you bank it??

Sometimes banks are able to do things differently. About one year ago I posted about ING’s I need to go from Belgium, now it’s time to fly to Brazil to discover I Can Bank It. The website, created by Gringo for Banco Itau tries to teach the youths how to save some money or, at least, to spend it in a better way.

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Yahoo Web Hosting

Introduction:

Yahoo started its web hosting division since 2002. With their huge popularity on the internet and with the help of its search engine division, it easily became one of the largest web hosting companies on the internet today. Their simplicity of choosing the right web hosting plans and brand awareness enable them to become one of the premier choice in web hosting for new clients. Their web hosting caters more to the newer internet crowd than advanced web hosting users since their packages are weaker than most web hosting companies in features and usability.

Pricing and Value:

Yahoo web hosting does not come cheap. Their basic package starts at $11.95 per month and their standard package starts at $19.95. As you can see, newer web hosting clients do not realize they are paying a higher price when they are going with Yahoo. Most of the customers they get probably wouldn’t need to purchase web hosting, but they purchase it anyway because of the endorsement by Yahoo. Their web hosting does come with all the necessary features such as Perl and PHP and some extras for businesses. They include $50 in Overture and Google advertising credits and even tools to make online advertising most effective for you.

Reliability:

Yahoo’s uptime in the industry is stellar. Its no wonder since they have the finance to purchase top notch servers and hardware. Its powered using the same infrastructure as their search engine so you can be assured that down time won’t be a big issue. Furthermore, Yahoo is connected via redundant connections so if one of their internet connections goes down, the other will quickly replace it making your site difficult to go down. In other words, it gives your site more redundancy. Since having an account with them for six months, we never experienced downtime.

Data Center:

Yahoo doesn’t provide exact information on where their data center is located, but based on their text, their web hosting is secured and located in a state-of-the-art facility. They have people constantly monitoring their data center on a twenty four hour basis. Unlike most web hosting companies, Yahoo doesn’t provide much detail of their security infrastructure or network whereabouts. This prevents intrusion attempts and competitors from determining where they are located.

Customer Service:

Yahoo web hosting provides excellent customer service. They did a great job of assisting our needs in uploading a file and their documentation makes getting and managing a first easy to understand and use just like their search engine. They also provide a toll free number so you may contact them at any time since they offer both 24 hour toll-free support via email and telephone.

Conclusion

Overall, yahoo’s web hosting experience was up to par with our top notch web hosting companies. Their simple web hosting based solution and weak features however, makes it cater more towards people who are new to web hosting than the advanced web hosting users crowd.

Drug Recalls and Lawsuits: Lawyers Advertising for Business

We have all seen the latest television commercials on serious illnesses, injuries, and even deaths due to prescription drugs as alleged by lawyers. Drugs named by lawyers are Cipro, Levaquin, Heparin, Fentanyl, and Chantix. These advertisements (ads) state such claims as “you may be included” as a party in lawsuits against drug companies if you had any of these reactions.

Many people may be hesitant to take these medications based only on the lawyer’s ads. This is concerning, because the ads are presented in a way that could frighten some patients. If you are presently taking these drugs, please discuss this information with your doctor. It is important to understand the reason for U.S. Food and Drug Administration (FDA) prescription drug recalls and alerts.

In this article, I will review the current drug alarms expressed by lawyers in their television ads. As a nurse, I understand some drugs have severe allergic reactions and side effects that occur in a few patients but not all. Many patients do not discover allergies until after consuming certain medications such as Penicillin and Sulfa drugs that continue on the market because the benefits outweigh the risks in those who are not allergic to them.

Several of these side effects are listed on labels though some are not prominently visible. Drug labels list adverse reactions as frequent, common, uncommon, serious, and rare. The FDA has a reporting system for drugs causing adverse reactions, serious side effects and injuries, even deaths. If reported, drug companies are required to perform an investigation, make changes to the label, issue alerts, and/or recalls. They will present the new medication information or changes to the FDA, for re-approval. Occasionally the FDA will make suggestions based on the type of reports received.

Cipro and Levaquin

Lawyers cite Cipro and Levaquin as causing tendon problems as if it is a new occurrence. These medications are members of the “fluoroquinolone antimicrobial family that possess an increased risk for developing tendonitis and tendon rupture.” (www.fda.gov).

Car Insurance: What You Should Know

Understanding car insurance could be confusing and some extra information can help you understand your choices and what you can do to save money. Some of the most useful features of your insurance plan are less expensive. Car insurance is expensive and so, you should get a lot. Extra coverage like road assistance, rental reimbursement, underinsured./uninsured motorist and comprehensive coverage gives a lot of protection for just a bit higher amount of premium. A comprehensive insurance plan is usually the most expensive, but the expense pales in comparison to the expense you will have to shoulder if you don’t have this coverage in the event of an accident. Repair costs not to mention liabilities brought on by damages done to either property or person, will definitely overwhelm you.

Car Donation in Sacramento

Your vehicle donation in the Sacramento area is proudly welcomed by Donation Line, one of the largest and most respected Car Donation Centers in America. You choose the charity. We have towing companies in the Sacramento area ready to pickup your car donation at no cost to the donor. Salvage, junk and non-running cars are also accepted. In addition to auto donations we accept donations of boats, trucks, RVs, motorcycles, jet skis, snowmobiles, planes and real estate.

Donation Line represents over 400 charities all over the United States including over 50 in California. You choose the charity. The donation can be to any of our client charities regardless of your location. Including American Red Cross, Sierra Wildlife Rescue and Habitat for Humanity. To donate your car complete our online auto donation form or call us toll free at 1-877-227-7487 twenty four hours a day seven days a week. This no cost, no hassle process helps a charity in need while providing the owner with a tax deduction.

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Adidas’ secrets of style

In France Adidas has launched a mini-site to promote its Low Pro Football collection. Even if these shoes are among the ugliest they produce, I like the project. Not really for the website (very basic and with the usual user generated content part) but rather for the great videos they produced to tell the audience the secrets for being stylish.

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I appreciate both the creative standpoint and the execution. In each single video you breath style and, just as importantly, you can experience a wide number of products. I like the mood that takes us back to the Thirties, and the fact that the collection comes to life in the storytelling which is something that rarely happens.

The agency is Tequila.
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