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Has Practical Debt Relief Gone Poof? Police Confirm Investigation.

By on October 8, 2014

A tipster (send in your tips here) sent in the following statement:

“Practical Debt Relief is gone. Around $250K was embezzled from the client accounts held by Global Client Solutions. The local police department are investigating which is Davie, Florida.

Global Client Solution closed the accounts of all clients and sent them refunds and a letter explaining. If you call the company you will find the phones are out. Too bad for the clients as some lost a lot of money.”

I attempted to reach Greg Pesetsky at Practical Debt Relief but at the time of this publication there has not been a response. The telephone number on the site just rolls into a fast busy.

I reached out to the Davie, Florida Police Department who confirmed they do have an active investigation at this time. They were unable to offer any additional public comment.


If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.

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About 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.

One Comment

  1. Damon Day

    October 10, 2014 at 6:06 pm

    And yet another example of why giving a debt settlement company control of your money, even in their “protected trust account” is a bad idea.

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