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Raleigh residents ordered to pay for telemarketing scam

Posted August 25, 2011

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— A federal judge has ordered two Raleigh residents to pay about $5.5 million for taking part in a scheme to offer phony government grants to consumers, authorities said Thursday.

As part of a settlement with the Federal Trade Commission and at least four states, including North Carolina, Martin Nossov and Real Estate Buyers Financial Network are prohibited from illegal telemarketing and misleading consumers. Nossov and the company were ordered to pay more than $5.3 million in restitution.

Alicia Nossov agreed, under the settlement, to follow laws that govern telemarketing and fair business practices and will pay $126,894.

Five Kansas companies and their operators and three Utah companies and their operators agreed to similar telemarketing bans.

The scam involved convincing people to purchase guides on how to win government grants, and follow-up pitches urged consumers to buy other materials and offered grant-writing and other services for fees, authorities said.

“Grant scams prey on people’s hopes and waste their money,” North Carolina Attorney General Roy Cooper said in a statement. “We’re working to shut down these scams in North Carolina and across the country.”

19 Comments

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  • EverythingTicksMeOff Aug 26, 2011

    WRAL: Nice headline. I'm a Raleigh resident, and I wasn't ordered to pay.

  • jbirdnc Aug 26, 2011

    ftpc99...Money Solutions was a legit business, so to speak. They offered overpriced info packets to people interested in purchasing property with little to no closing costs. People were told of the cost, and received their packets. The only scam was actually, the info inside was easily available online, for free. Also, after being in contact with the NC Labor, I was interviewed by phone soon after quitting the job. All the facts were made present to them. This is no excuse, but a month later, 9/11/01 happened.

  • ftpc99 Aug 26, 2011

    OK, first of all, "...Martin Nossov and Real Estate Buyers Financial Network are prohibited from illegal telemarketing and misleading consumers." What? Am I missing something here? So who exactly IS allowed to practice illegal telemarketing?

    Second, both yrishanichelle and jbirdnc say they briefly worked with/for this guy and discovered he was illegally scamming people out of money... so did either of you report him? If not, maybe he would have been busted sooner preventing anyone else from being taken.

  • bearfan Aug 26, 2011

    ??? no jail time ?? wow !!! the more you steal the more you keep,

  • jbirdnc Aug 26, 2011

    Took them years, but FINALLY Martin the FRAUD is going down! I actually worked for this scam artist, for a single week in 2001. He ran Money Solutions off Spring Forest Rd in Raleigh. That was another scam, which had workers telemarket people whom had visited the website forclosureworld.com Nossov also managed to scam many workers of Money Solutions. Back in 2001, we were under assumption of making 9/hour plus commission. After leaving, The NC Labor Board had contacted me with this scam artist under investigation.

  • wa4dou Aug 26, 2011

    With any degree of objectivity and just a small amount of common sense, scams fall apart on their face in the minds of most folks. Ask yourself, "Why would I be singled out, as special, to receive this information, as opposed to everyone else?" PT Barnum was quoted as having said, "There's a sucker born every minute". In todays world, a healthy amount of skepticism will serve you well.

  • Rebelyell55 Aug 25, 2011

    So happy they got em. Just ain't asking for enough money to cover the courts bill.

  • bowslinger70 Aug 25, 2011

    Scare Crow : You loose the "Do not Call Rights" as soon as you "click" on one of the messages to the left of this page. Such as " If you have not had an accident, you are paying too much ins. in N.C." Or " Get your free credit report" Etc.
    As soon as you click on one of those, you will get phone calls at the rate of 3 an hour forever !! You now have "Requested Information" and your "Do not Call" is invalid. So, you have to start all over from the begining !!

  • Pickupabook Aug 25, 2011

    I met this dude at a job interview once for telemarketing people who were in foreclosure trouble. It was a total crock and I quit after 3 days because they wanted me to scam people into buying some bull packet that really wouldn't help them save their homes. Glad he finally got busted.

  • Scare Crow Aug 25, 2011

    whatever happen to the "DO NOT CALL" ???

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