Criminal Probe Into Online Mortgage Scams Widens

Consumer Watchdog, a group that published a study about mortgage ad scams nine months ago, is calling for criminal charges and financial penalties against the major search engines in the current investigation. “These Internet company executives were active enablers of fraud against vulnerable homeowners,” said John Simpson, director of Consumer Watchdog’s privacy project. “They cannot be allowed to benefit from these ill-gotten gains.”

Bing, Yahoo Agree to Remove Mortgage Ads

Consumer Watchdog, a group that frequently criticizes Google, wasted no time on Monday calling for executives at Google, Microsoft, and Yahoo to be charged with crimes for allowing the ads to go up in the first place.

Feds Target Mortgage Ad Scams On Bing, Yahoo

“Clearly Microsoft and Yahoo have been turning a blind eye to these scammers,” said John Simpson, director of Consumer Watchdog’s Privacy Project. “Simply put, too many Internet companies including Google, Microsoft, and Yahoo–under the guise of an open Internet–allow and even encourage scam ads from which they make millions of dollars.”

Consumer Watchdog Calls For Criminal Charges Against Internet Executives As Feds Shut Down Scam Ads On Bing and Yahoo! After Earlier Action Focusing On Google

SANTA MONICA CA – Consumer Watchdog today said executives of leading Internet companies Google, Microsoft and Yahoo! should face criminal charges for their roles in allowing mortgage modification ad scammers to advertise on their sites.