Latest Posts
Home > Debt Relief Industry > Sued or Sanctioned (page 2)

Sued or Sanctioned

Home Tech Group Gets Unwanted Attention in CT & WA


The State of Connecticut Department of Banking just published information on Home Tech Group, LLC out of South Dakota, Arizona, and California and they claim the company was operating in Commecticut without a license. MATTERS ASSERTED 1. At all times relevant hereto, Respondent was a South Dakota limited liability company with offices at 3213 W. Main Street #239, Rapid City, ... Read More »

    Serial Debt Relief Scammers Back at it Again in Florida


    The Federal Trade Commission (FTC) has had to invest loads of money again to police the debt relief industry to go after more false promises and schemes to sell people worthless services. Every time something like this happens and the debt relief industry doesn’t police itself, it only hurts all the good companies out there who want to play by ... Read More »

      Door Slams Hard on Morgan Drexen Debt Settlement Company

      M.D. Anderson's Houston Main Building is imploded Sunday, Jan. 8, 2012, in Houston. Opened in 1952 the 20-story building was the regional headquarters for Prudential Insurance Company. Prudential sold the building in 1975. ( Nick de la Torre / Houston Chronicle )

      Surely a bunch of people at Morgan Drexen are blaming the U.S. Government and Consumer Financial Protection Bureau (CFPB) today for the utter demise of Walter Ledda’s creation, Morgan Drexen, on Friday. An insider told me over the weekend, “Just letting you know the court ordered Morgan Drexen’s trustee to seize operations immediately. Morgan Drexen was shut down today at ... Read More »

        Retention Law Center Runs Into Issues

        Bitch Slap

        The Connecticut Department of Banking has just published a consent order with Michael Mazal, Esq and Retention Law Center. The consent order says, “Mazal is an individual, who at all time relevant hereto, was the sole-proprietor of Retention Law Center, a purported California company, with an office at 16808 Armstrong Avenue, Suite 180, Irvine, California.” It additionally says Retention Law ... Read More »

          OMG, Morgan Drexen Loses Yet Again


          Poor Morgan Drexen has been getting the shit kicked out of them lately. Just today another blow was delivered by the Colorado Supreme Court who found their attorney model flavor of debt settlement did not give them a free pass to avoid the advance fee laws under an attorney exemption. “The supreme court holds that the trial court erred by ... Read More »

            Flush – Meracord / NoteWorld

            Cleaning toilet

            A fantastic reader / tipster (send in your tips here) sent me the following press release. Anyone know what Linda Remsberg is doing now? I looked at and that redirects to Evergreen Note Servicing ( (which appears to actually be Evergreen Escrow, Inc.)and goes to a non-existent site. Interestingly, Evergreen Note Servicing sounds a hell of a lot ... Read More »

              Today in Debt Relief History – Consumer Affairs Law Center


              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


                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


                    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


                      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


                          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 »

                                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.


                                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.