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Offshore Debt Relief Offers Promoted to U.S. Residents Targeted by FTC

The Federal trade Commission today announced a new enforcement action against a number of companies. The action targeted Roy M. Cox Jr, Roy Cox, Castle Rock Capital Management, Capital Solutions Group, Transfers Argentina, Public Service, and Marketing Strategy Group.

What makes this action interesting is that the companies in question had been established offshore in an attempt to sell debt relief and other services back into the United States. This is reminiscent of some of the debt relief companies that I heard were going to setup shop in an attempt to avoid U.S. law.

These business entities allegedly made calls back into the U.S. since 2008 on behalf of clients that purchased their telemarketing robocall services.

Some of their clients sold credit card interest rate reduction programs, extended automobile warranties, or home security systems.

The called ID on phones displayed “CARD SERVICES”, “CREDIT SERVICES,” or “PRIVATE OFFICE.”

Calls to U.S. residents were made disregarding the National Do Not Call Registry and/or were considered to be abusive or deceptive. – Source

The FTC Release on This Matter

FTC Charges Telemarketers with Illegal Robocalling
Allegedly Violated the Do Not Call Registry, Disguised Caller ID

The Federal Trade Commission is taking action against a telemarketing operation that allegedly made illegal robocalls, called phone numbers on the National Do Not Call Registry, and masked Caller ID information, in violation of the FTC’s Telemarketing Sales Rule. The FTC’s complaint seeks to make the defendants pay civil penalties and stop the illegal calls. The action is part of the Commission’s ongoing efforts to crack down on illegal pre-recorded robocalls, which in this case generated tens of thousands of complaints from consumers.

According to the FTC’s complaint, Roy M. Cox, Jr. and several companies he controls made robocalls for clients selling credit card interest rate reduction programs, extended automobile warranties, and home security systems. Cox resides in California but runs his allegedly illegal operation through multiple foreign corporations purportedly in countries such as Panama, Hungary, Argentina, and the Republic of Seychelles. The complaint alleges that the defendants failed to transmit their name or the names of their clients on caller ID displays, as required by law. Instead, they allegedly sought to hide their identity by using generic, inaccurate names such as “CARD SERVICES,” “CREDIT SERVICES,” or “PRIVATE OFFICE.”

The FTC also alleged that Cox and his companies knew, or consciously avoided knowing, that they called phone numbers on the National Do Not Call Registry, and that they made pre-recorded marketing calls to consumers who had not provided their written consent. An FTC rule prohibits pre-recorded commercial telemarketing calls to consumers unless the telemarketer has obtained their written permission.

Cox’s co-defendants are Castle Rock Capital Management Inc., Castle Rock Capital Management S.A., Capital Solutions Group S.A., Transfers Argentina S.A., Public Service, and Marketing Strategy Group. – Source


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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.

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