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Sued or Sanctioned

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 »

                      Details on Florida Bar Complaint Against Howard Feinmel

                      Problem Solving Series

                      The Florida Bar has sent me a copy of the complaint they recently filed against Florida attorney Howard Feinmel. I reported yesterday about the case. But today there are more facts available after reading the filed complaint. Right off the bat I found it intriguing the Florida Bar makes the statement, “Respondent has represented various persons and entities, including but ... Read More »

                        Money Management International Accused in Kick-Backs in Class Action Settlement

                        Young man looking shocked in tablet pc

                        Now here is something you don’t get to witness often, if at all. Apparently there is a bit of disturbed blood milling about in the credit counseling world right now. In just doing some routine checking on activity I came across a very, very odd letter from the Association of Independent Consumer Credit Counseling Agencies (AICCCA) to the U.S. District ... Read More »

                          CCR Article Brings New Life Financial Services Back to Life

                          money down the drain

                          I just love the Collections & Credit Risk magazine and website. Those folks over there hold no punches when it comes to the collections and debt relief industry problems. A recent article by Darren Waggoner reminded me of a string of past events surrounding a debt relief company New Life Financial that had been operating someplace out of the U.S. ... Read More »

                            Illinois Finds Fault with Mortgage Assistance Attorneys Aleman and Macey

                            Screen Shot 2014-09-22 at 3.34.45 PM

                            A tipster (send in your tips here) just sent in a document which was filed on August 28, 2014 regarding the activities of Jeffrey Aleman and Thomas Macey or Legal Helpers fame. The Illinois Attorney Registration and Disciplinary Commission came to the opinion that Macey and Aleman had violated a number of Illinois attorney rules. However it does not appear ... Read More »

                              Debt Relief Soap Opera – Michael Harper, Hoffman Law Group, Greenspoon Marder

                              Mark Bernet Receiver

                              Up till now the most bizarre debt relief related lawsuit I had seen was this one which included the “Charlatan,” “Felon,” and “Architect.” But this court document sent to me has to either being the most bizarre of 2014 or be in top contention for debt relief lawsuit honors. It seems to be a soap opera of a bunch of ... Read More »

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