Mortgage broker fined $7.5M by FTC for trying to dupe veterans

WASHINGTON, D.C. (AP) -- A mortgage broker accused of trying to dupe veterans and active military members has been fined $7.5 million by the Federal Trade Commission.

The alleged violations include targeting current and former U.S. military members to push deceptive refinance offers.

Investigators say Mortgage Investors Corporation- a leading veteran's refinance company- had telemarketers call more than 5 million phone numbers on the Do Not Call registry.

A federal lawsuit accuses hired telemarketers of offering veterans 30 year fixed rate mortgages-when only adjustable mortgage were available.

Mortgage Investors Corporate will pay the record fine to settle the case.

Meanwhile, legitimate work-at-home jobs are becoming more popular, but they're not that easy to come by, and you won't get rich.

You also won't get one by responding to telemarketers selling deceptive work at home business opportunities.

The FTC just terminated a telemarketing operation called North America Marketing and Associates-the feds say the scheme promoters used 10 different business names and made up to $18 million.

The FTC recouped more than $131,000. They said the work-at home schemers spent everything else.