Latest Posts
Home > Debt Relief Industry > Sued or Sanctioned

Sued or Sanctioned

Today in Debt Relief History – Consumer Affairs Law Center

burning_through_paycheck

Frankly I get sick of writing about lawsuits in the debt relief industry between partners that have a falling out. But the reason I find the complaints often fascinating is they provide a look into the history of some organizations and entities. We get to learn how the whole thing developed. In this case we have the April 1, 2015 ... Read More »

    Marketers Banned From Mortgage Relief and Debt Relief Services Industry in Settlement with FTC

    ftc

    Group Served As a Front for the ‘Danielson Law Group’ Operation Marketers who helped promote a Utah-based home loan modification scheme will be banned from the mortgage relief and debt relief industries under a court settlement resolving charges by the Federal Trade Commission that they violated the law by promoting the loan modification scam, which conned consumers into paying hefty ... Read More »

      FBI Announces Arrests of Debt Relief Officers and Key Players

      White Collar Criminal

      SALT LAKE CITY—A 40-count federal indictment unsealed on March 6th in U.S. District Court in Salt Lake City charges six individuals with violations of federal law in what the indictment alleges was a scheme to market and sell home loan modification services to distressed homeowners trying to save their homes from foreclosure following the financial crisis of 2008. Investigators believe ... Read More »

        FTC Files Action Against A to Z Marketing, Inc

        ftc

        The Federal Trade Commission filed a court action against A to Z Marketing, Inc. yesterday in Nevada. The documents for the case are not publicly available yet. According to the State of Nevada, the president of A to Z Marketing, Inc. is Madhulika Baid. However, the FTC did file a previous action against a similar company with the same name ... Read More »

          Ameritrust Law Group, Real Estate Law Center and More the Subject of CT Attention

          connecticut

          Apex Tax Resolution, Apex Home Solution – March 3, 2015 ORDER Having read the record, I HEREBY ORDER, pursuant to Sections 36a-671a(b), 36a-52(a) and 36a-50(a) of the Connecticut General Statutes that: 1. Apex Tax Resolution LLC d/b/a Apex Home Solution LLC CEASE AND DESIST from violating Section 36a-671(b) of the Connecticut General Statutes, as amended; 2. A CIVIL PENALTY of ... Read More »

            Debt Settlement Industry Still Crazy After All These Years

            no bullshit

            On March 10th I wrote about a landmark lawsuit filed against a wide number of people in the debt settlement field. As per an email that was allegedly sent out by Ira Frazer of Consumer Legal Services of America. The email also said, “The suit filed also includes serious allegations against Global Client Solutions, LLC some of their employees, Greenspoon ... Read More »

              FTC Goes After Vehicle Loan Debt Relief Assistance Services

              ftc

              The Federal Trade Commission recently filed a sealed complaint against Regency Financial Services, Ivan Levy; AKA Fidelity Holdings, Levy Fidelity Holdings, Ivan Levy Regency Holdings, BJI Enterprises. The FTC alleges the following in the complaint: “Since at least 2009, Regency, acting primarily through co-defendant Ivan Levy, has perpetrated a vehicle loan assistance relief services scam. Regency preys on consumers who ... Read More »

                5 Year Club Fed Stretch for Mortgage Relief Promoter

                mans hands behind bars in jail or prison

                WASHINGTON, DC – Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP); Benjamin B. Wagner, United States Attorney for the Eastern District of California; and Kamala D. Harris, Attorney General for the State of California today announced that Ray Jan Kornfeld, 59, of Las Vegas, Nev., was sentenced on February 19, 2015, to five years in federal ... Read More »

                  Settlement Corporation of America on CT Radar

                  money down the drain

                  The State of Connecticut Department of Banking has just announced a new enforcement action against The Purewal Law Group, Legal Network of America, and Settlement Corporation of America. According to the information provided, the parties named “shall immediately cease and desist from engaging or offering to engage in debt negotiation in Connecticut without a license, in violation of Section 36a-671(b) ... Read More »

                    FTC Goes After Debt Relief Companies Who Deal With Payday Loans

                    ftc

                    On February 18, 2015 the Federal Trade Commission filed suit against PSC Administrative, Coastal Acquisitions, Infinity Client Solutions, Infinity Collect, Jared Irby, and Richard Hughes for violations of the Telemarketing Sales Rule. The FTC alleges the Defendants solicited consumers with debt relief services, who owed payday loans. “Defendants have induced consumers to enroll in their program by claiming that they ... Read More »

                      CFPB Raging Pissed Off at Morgan Drexen

                      tug of war

                      A reader send in some documents they said I would be interested in seeing. It relates to the 2013 Consumer Financial Protection Bureau (CFPB) lawsuit against Morgan Drexen that is still ongoing. My first thought was a disbelief this case was not further ahead. Then I read the document publicly filed in the case by the former Morgan Drexen co-founder, ... Read More »

                        Debt Settlement Executives / Sales Reps Face Up to 20 Years in Jail

                        The pain generated by the injury to your finances leaves you feeling lost, afraid, and confused.

                        A friend sent in this announcement from the Department of Justice. Wow! A grand jury in Santa Ana, California, indicted three individuals for allegedly operating fraudulent debt relief services companies that offered to settle credit card debts but instead took victims’ payments as undisclosed up-front fees, the Justice Department and U.S. Postal Inspection Service announced. Jeremy Nelson, 29, Elias Ponce, ... Read More »

                          Thomas Macey and Jeffrey Aleman Get Slapped by IL Board

                          Bitch Slap

                          For some time now there has been an open action by the Illinois Attorney Registion and Disciplinary Commissions against Macey and Aleman of Legal Helpers Debt Resolution. Well the final report is out and it surprised me. Well, I wasn’t shocked that Macey and Aleman were recommended for a two year suspension as lawyers. But I was surprised how much ... Read More »

                            CT Kicks More Debt Relief Ass. When Will the Industry Learn to Not Piss Off CT?

                            oops

                            Maybe more in the debt relief world can learn by the unfortunate actions below by the Connecticut Department of Banking. I’ll let their words give the lesson that needs to be learned. LOCN, Inc, United Relief Services – December 3, 2014 1. LOCN Inc. d/b/a United Relief Services CEASE AND DESIST from violating Section 36a-671(b) of the Connecticut General Statutes, ... Read More »

                              Otto Berges and Consumer Protection Counsel Back in Court Again

                              puzzled looking little boy looking to the left

                              I previously published a story about an outfit out of Florida being challenged in court over allegations they were selling credit repair services. See this story. Well some of the same players are back in it again. This new suit names Berges Law Group, Otto Berges, Consumer Protection Counsel, Debt Be Gone, and Gregory Fishman. Well apparently a couple of ... Read More »

                                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.