Friday, August 15, 2014

The underbelly of debt collection, as companies destroy one another

Here is an interesting bombastic "photo story" in the New York Times Friday, "Paper Boys: Inside the Dark, Extremely Lucrative World of Consumer Debt Collection," by Jack Halpern, link here. It seems as though collection agencies try to fool each other, setting up shell companies to steal each other's porfolios.

It also shows the risk that a lot of "street smart" businessmen have to take to make money.  Donald Trump would hire them.  

Tuesday, August 05, 2014

Medical identity theft (especially with prescription drugs) gets more attention

The Identity Theft Resource Center has an article on the dangers of prescription fraud for patients, as part of medical identity theft.  Not only might a patient’s financial and credit record be compromised, as she has to prove that the bills aren’t hers, but future treatment decisions might be incorrect if providers believe certain medications were used when they really weren’t.  The link is here. The problem has become compounded by the privacy protections of both HIPAA and now the Patient Protection and Affordable Care Act (Obamacare).

The Identity Theft Resource Center in San Diego offers this video.

The Federal Trade Commission has a link on the issue here. The problem was mentioned briefly yesterday on a DC area local news broadcast (WJLA, I believe).