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'Operation Shredding' event will destroy your documents, old electronics for free

“These are all bills that he ran up,” said Liliana Abreu, showing ABC Action News $10,000 in fraudulent charges on her Discover credit card, including bail money and purchases at adult stores.

The thief also tried to take out a second mortgage on the family’s Trinity home and open multiple credit card accounts, according to her husband, Lu Abreu.

Lu Abreu said his wife spent up to six hours on the phone every day filing disputes with banks and formal complaints with local and federal law enforcement.

“The stress is unbelievable,” said Lu Abreu. “We’ve been on that phone for the last four and a half months.”

That’s why ABC Action News is taking action to protect you from identity theft.

The station’s 10th annual Operation Shred is Saturday, April 27 from 7 a.m. to 1 p.m. at the Westfield Citrus Park Shopping Center.

Bring up to five boxes of your personal documents and old electronics – such as hard drives and cell phones – and our partners PROSHRED and Quicksilver will destroy them for free.

GE's subprime mortgage unit files for bankruptcy

New York - General Electric is trying to put its sins from the financial crisis behind it.

WMC Mortgage, a defunct subprime lender that GE Capital acquired during the housing boom, filed for bankruptcy on Tuesday.

The Chapter 11 filing, a rare step by a major company, comes just weeks after GE agreed to pay a $1.5 billion fine over WMC, a leading subprime lender that was shut down in 2007. News of the bankruptcy was reported earlier by Reuters .

The Justice Department alleged that WMC misrepresented the quality of subprime mortgages — contributing to the mortgage meltdown and ensuing financial meltdown. Investors lost billions of dollars when those subprime loans went bust.

GE said in a statement that WMC filed for bankruptcy to resolve its remaining liabilities "in an efficient and equitable manner."

WMC's bankruptcy highlights the repercussions of GE's decision in 2004 under former CEO Jeff Immelt to get into the subprime lending game at the top of the market.

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