Dead man’s party: Friends paint the town red with deceased’s credit cards

11-11-2011

Tagged Under : Credit, Credit Cards

It’s an embarrassment of riches, in this week’s look at unusual credit card crimes. I mean, should we lead off with the credit card employee who helped steal someone’s identity, or the two pals who pulled a “Weekend at Bernie’s” and went partying with a dead friend and his credit card?

I guess we’ll start with the corpse.

Weekend at Bernie’s 3?

Most people of a certain age have heard of the 1989 film “Weekend at Bernie’s” (lesser known is its 1993 sequel, “Weekend at Bernie’s II”), in which two guys (played by Andrew McCarthy and Jonathan Silverman) discover their boss, Bernie Lomax (Terry Kiser), is dead, and for reasons too complicated to get into right now, they decide that they need people to think Boss is alive, in order to keep a hit man at bay.

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Features of Roth IRA

05-11-2011

Tagged Under : roth ira

roth iraOut of all the possible Individual Retirement Accounts open to investors, Roth IRA is an IRA that stands out, owing to its favorable features. Turn to page roth-ira.org and you will know all the possible ways in which you can benefit by opting for this IRA. Read full post…

Manufacturing decline may cause more debt problems

04-11-2011

Tagged Under : Debt Problems, Problems

More debt problems may arise for those who work in the manufacturing sector, as a gloomy survey could point to job losses.

The poll of firms by the Confederation of British Industry has revealed 30 per cent more manufacturers expect business to get worse rather than better in the near future, with a balance of 24 per cent anticipating a drop in demand for exports.

And a majority of 11 per cent anticipate a contraction in the sector, something that could lead to jobs being shed.

This represents the most negative sentiment since April 2009 and the survey also revealed export orders are at their lowest since October that year.

Many consumers are already seeing their own personal finances get worse.

The Markit Household Finance Index published this week revealed 37 per cent of people have endured deterioration in their finances this month, while only seven per cent have seen things get better.

Debt problems caused worker to steal £184,000 from firm

02-11-2011

Tagged Under : Firm

A woman from Darlington has been jailed for 21 months after she was caught stealing from her employer.

Patricia Rose Parrott stole a total of £184,000 from the firm she worked for, Teesside Fluid Systems, over a period of five years. The 58-year-olds reason for doing so was apparently mounting debt problems, which she had inherited when her husband died 18 years previously. Since then, she had been struggling to make interest repayments and had a mountain of personal debt problems.

Parrott, who had been a loyal employee for 32 years, was able to commit the theft due to her position as a financial controller for the firm, which is based in Newton Aycliffe in County Durham.

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Ready to Leave Your Big Bank?

02-11-2011

Tagged Under : Bank

If you’re fed up with the slew of new fees your bank has imposed on your account lately, you might want to join others as they switch financial institutions on Bank Transfer Day Saturday, November 5.

The movement was organized by Kristen Christian, who was tired of fee increases at her bank and, as a result, switched to a credit union. She created a Facebook page for Bank Transfer Day and more than 77,000 people have responded to her invitation online to attend the event.

Credit unions across the nation are expected to extend their hours Saturday and beef up staffing for Bank Transfer Day, according to the Credit Union National Association (CUNA).

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