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Log In / Register | Dec 17, 2014

Obama Moves to Stem Credit Card Data Theft and Fraud

In the wake of massive credit card data breaches that have left both businesses and consumers skittish, President Obama on Friday signed an executive order directing the government to lead by example in securing transactions and sensitive data.

Franchisee Sues for Lack of Fair Dealing, Marriott Settles

Marriott franchisee Laurence Geller

Photo of Marriott franchisee from CNBC video stream

It seems that not all is clean and good at Marriott. CNBC explores the Marriott Empire in its hour-long "Behind the Closed Doors of Marriott."

The UPS Store Franchise System Is Massive Fraud, Say Former Franchisees

The UPS Store in Manhattan, New Franchise Owner

The UPS Store in New York City. photo/ps

The recent collapse of The UPS Store network in Manhattan caused much discussion. Now a stunning federal lawsuit alleges that fraud is at the very basis of the franchise system viability: an existential threat to the UPS brand itself.

Hotel Franchisee Imprisoned, Owes $420 Million

A father & son team now in prison have been ordered to pay a $265 million judgment, that is now around $420 million with interest.

Fraudster Instant Tax Service Turns into Great Tax LLC

Instant Tax Service sign in an American Midwest city. Photo by Blue MauMau
Instant Tax Service sign. Photo by BMM

DAYTON, Ohio – A district judge ruled that the evidence of fraud and deception perpetrated by Instant Tax Services CEO Fesum Ogbazion was so overwhelming that he and his company were permanently barred from the tax-return preparation business. He said his order "is necessary to protect the public and the Treasury."

The Great Conflict of Protecting Markets or Franchisees

We are recovering from a crisis of market collapse caused in major part by abuse on the part of banks and investment houses. From mortgage backed securities where the mortgage portfolio was of extremely low quality to derivatives called credit default swaps, the Federal Reserve and the SEC enforcement division were asleep at the switch – called deregulation – and everything hit the fan.

Cold Stone Owners Sue Attorney for Dual Representation

White Plains New York Courthouse
White Plains, New York federal courthouse

WHITE PLAINS, N.Y. – At the heart of a lawsuit brought by bankrupted franchisees against Cold Stone Creamery and their own legal counsel is conflict of interest. Franchisee store owners claim the attorney who represented them in negotiating their lease agreement did not disclose that he also represented franchisor Cold Stone.

Franchisee Renewal Rates: Here We Go Again!

IFA President Steve Caldeira recently wrote a letter to the Wall Street Journal complaining that a recent article about the perils of franchising “ignores that more than 90% of franchisees renew their contracts with their franchisers at the end of their terms.”  The obvious claim is that more than 90% of franchisees are successful and happy. 

How to Spot a Liar

Investing hundreds of thousands in a business? That's a lot of incentive for a seller to be dishonest.

Franchisor Firehouse Subs Commits Fraud, Rules Federal Court

Firehouse Subs loses trademark ruling, court says company committed fraud

image/bmm

A federal judge refused to disturb a jury verdict holding that Firehouse Subs had committed fraud to obtain the "Firehouse" trademark.