Latest Posts
Home > Debt Relief Industry > FTC Action Shuts Down Debt Relief Robocallers Claiming to Lower Interest Rates

FTC Action Shuts Down Debt Relief Robocallers Claiming to Lower Interest Rates

At the Federal Trade Commission’s request, a U.S. district court has approved a settlement shutting down two groups of Florida-based telemarketers that allegedly flooded consumers with misleading pre-recorded robocalls falsely promising to reduce their credit card interest rates.

The agency reached a settlement that permanently bans the two related operations from making robocalls and selling debt relief services. The settlement orders are the latest in a series of enforcement actions the FTC has taken to rein in robocallers, especially those who try to take advantage of consumers affected by the economic downturn.

According to the FTC, JPM Accelerated Services and related defendants made thousands of illegal pre-recorded robocalls to consumers, identifying themselves only as “card services” and offering lower credit card interest rates. Consumers who pressed “1″ after hearing the automated pitch were transferred to live telemarketers who falsely told consumers that JPM’s services would allow them to dramatically lower their credit card interest rates.

The complaint alleged that the telemarketers charged an up-front fee typically ranging from $495 to $995, and promised consumers they would save thousands of dollars in a short period of time as a result of the lower interest rates, and that they would be able to pay off their debts faster. The defendants also falsely stated that if consumers did not save thousands of dollars from lowered interest rates, they would receive a full refund of the up-front fee.

After collecting the fee from consumers, however, JPM allegedly failed to deliver the promised interest rate reductions and savings, and routinely refused to honor its money-back guarantee. The FTC complaint also charged the defendants with violating the Telemarketing Sales Rule by calling consumers on the Do Not Call Registry, blocking or “spoofing” caller ID, and making unlawful robocalls.

The settlement orders also impose judgments of $5.9 million against defendants associated with JPM, and $3.2 million against six individual defendants associated with an affiliated operation called IXE Accelerated Financial Centers, LLC. The judgments represent the amount of money consumers lost through these robocall schemes. The judgments are suspended, based on the defendants’ inability to pay, but will become due if the defendants are found to have misrepresented their financial condition. Two of the defendants in the IXE operation, Ivan X. Estrella and Jaime Hawley, also are liable for an unsatisfied $75,000 judgment recently entered against them in a case brought by the Florida Attorney General.

FTC Action Shuts Down Debt Relief Robocallers Claiming to Lower Interest Rates
Get Out of Debt Guy – Twitter, G+, Facebook

I can always use your help. If you have a tip or information you want to share, you can get it to me confidentially if you click here.

FTC Action Shuts Down Debt Relief Robocallers Claiming to Lower Interest Rates by

Share This and Spread the Word

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • Steve Rhode

    It’s amazing how many times a bounced final paycheck opens up insiders.

  • ComplianceSlave

    Theyve been doing it for years. Its amazing that somehow they never have any $ left when sued.

    FROM: http://www.callferret.com/888-

    The Answer To All of your questions!!!!!! on October 17, 2008
    Hi, My name is, well lets just say “Bob” I am a former employee of the company in question. I probably was one of the people who convinced some of you to join this program that i would soon find myself to be a scam. I realized that I too was duped when i didnt recieve my final paycheck after cutting ties with the company. WELL HERE IS SOME INFORMATION THAT YOU ALL WANT TO KNOW. THE MAN BEHIND ALL OF THIS MADNESS IS IVAN X. ESTRADA (DOES HIS INITIALS RING A BELL!!!!!!!!!) AND YOU KNOW WHAT IM GONNA GIVE YOU HIS PERSONAL CELL PHONE NUMBER!!! 407-443-3330. SO NOW YOU CAN ALL CALL THE SOLE INDIVIDUAL THAT IS RESPONSIBLE FOR THE EXISTANCE OF THIS WEB SITE AND MANY MORE LIKE IT.

  • http://www.ftc.gov ComplianceSlave

    Theyve been doing it for years. Its amazing that somehow they never have any $ left when sued.

    FROM: http://www.callferret.com/888-226-5185.html

    The Answer To All of your questions!!!!!! on October 17, 2008
    Hi, My name is, well lets just say “Bob” I am a former employee of the company in question. I probably was one of the people who convinced some of you to join this program that i would soon find myself to be a scam. I realized that I too was duped when i didnt recieve my final paycheck after cutting ties with the company. WELL HERE IS SOME INFORMATION THAT YOU ALL WANT TO KNOW. THE MAN BEHIND ALL OF THIS MADNESS IS IVAN X. ESTRADA (DOES HIS INITIALS RING A BELL!!!!!!!!!) AND YOU KNOW WHAT IM GONNA GIVE YOU HIS PERSONAL CELL PHONE NUMBER!!! 407-443-3330. SO NOW YOU CAN ALL CALL THE SOLE INDIVIDUAL THAT IS RESPONSIBLE FOR THE EXISTANCE OF THIS WEB SITE AND MANY MORE LIKE IT.

    • http://GetOutOfDebt.org Steve Rhode

      It’s amazing how many times a bounced final paycheck opens up insiders.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.