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Mother said Josh Powell threatened her
KANSAS CITY, Mo., May 25 (UPI) -- U.S. fraud investigators say they're finding new schemes to improve bad credit histories so lenders will approve mortgages or lines of credit.
In one case, a Sacramento man obtained unused Social Security numbers and had employees at a furniture company create fake credit histories for real people with lousy credit ratings, The Kansas City (Mo.) Star reported Monday.
Prosecutors in Kansas City allege some listings on the Web site Craig's list recently offered to "rent" a credit history dating to 1999 on a Chase Visa card with a low balance and a $55,000 limit.
Similar scams discovered in other states threaten to further undermine the already shaky credit industry and the nation's economy, Assistant U.S. Attorney Linda Marshall said.
"As we've seen in recent years, what hits the lenders hits all of us," Marshall said.
It's estimated that 19 of the largest U.S. banks could absorb $82 billion in credit card losses by the end of 2010, the Star reported.
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WASHINGTON, Feb. 10 (UPI) --
Iran Supreme Leader Ayatollah Ali Khamenei issued a stern warning last week against the international community, which imposed sanctions last month targeting the regime's vital oil exports and central bank.
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MESA, Calif., Feb. 10 (UPI) --
Jesse Farrelly, the 20-year-old son of filmmaker Bobby Farrelly, has died in Costa Mesa, Calif., after a long battle with drug addiction, his family said.
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ATHENS, Greece, Feb. 10 (UPI) --
Greek workers went on strike Friday, the second time this week they walked off their jobs to protest the country's new austerity programs.
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UPI horoscopes for Friday, Feb. 10, 2012.
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