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Payments underway for victims of predatory loans

South Carolina veterans and other pensioners targeted by a high-interest loan scheme are now receiving their settlement checks. Nearly $725,000 in refunds are being issued to consumers who were convinced they could “sell” their pension and disability payments. The transactions were instead illegal high-cost loans. ....

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Attorney General Alert: Scams aimed at military and Veterans


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LITTLE ROCK – This Memorial Day Weekend is much more than an extra day off from work; it is a day to reflect on the sacrifices that were made by countless men and women who died in service to our nation. It is also a good time to thank our veterans, military service members, and their families for their service to the United States of America. Unfortunately, because of their service, it also makes our brave men and women a target of scam artists who try to manipulate service members to steal their personal information.
“It is disgraceful that these criminals would target some of our bravest men and women who have put their lives on the line for this great country,” said Attorney General Rutledge. “I want veterans, active duty and reserve service members, and their families across Arkansas to learn how to recognize these scams to avoid falling victim to the deception.” ....

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Federal cases loom for people accused of preying on veterans


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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