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Sued or Sanctioned

Debt Relief Company Options Debt Consolidation Canada Hits Rough Patch

oops

The Vancover Sun is reporting a situation which sounds familiar in the U.S. as well regarding Options Debt Consolidation Canada and Options Credit Canada. Apparently Options Credit was selling agents or franchise owners a magnificent debt relief business opportunity where they would receive “with real-time leads and the ongoing support and management necessary to qualify prospective clients and to generate ... Read More »

    EFA Processing and Consumer Law Associates Named in CT Cease & Desist

    kicked_in_the_nuts

    EFA Processing, a Texas company, and Consumer Law Associates, a Maryland company, were named in a public notice by the State of Connecticut. The State Said: 1. EFA is a Texas limited partnership with its principal place of business at 7668 Warren Parkway, Suite 325, Frisco, Texas. 2. CLA is a Maryland limited liability company having its principal place of ... Read More »

      U.S. Attorney Plans More Criminal Actions in Debt Relief Industry

      White Collar Criminal

      NY officials vow attack on predatory debt-fixing (via The Dispatch) Federal authorities announced a crackdown Tuesday on predatory businesses that cheat “desperate and vulnerable” people harmed by the 2008 financial crisis with phony promises to consolidate their debt. U.S. Attorney Preet Bharara told a news conference that charges were brought against the owner and… Read More »

        AFCC Current Member Criminally Charged in Debt Settlement Fraudulent Scheme

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        In what must certainly be a terrible embarrassment for the American Fair Credit Council, AFCC, one of their members was criminally indicted today by the Manhattan U.S. Attorney. According to documents released today, Mission Settlement Agency, Michael Levitis, and employees Denis Kurlyand, Boris Schulman, and Manuel Cruz have been criminally indicted for misrepresenting debt settlement to consumers and engaging in ... Read More »

          Scott Law Group Updates Debt Industry Target List

          crime scene

          The Scott Law Group has been very active in going after debt relief companies. They have recently updated their debt settlement litigation page by adding some companies and removing others. Added: American Platinum Financial Services, Inc. Consumer Debt Law Firm, Inc. The Mortgage Law Group, LLP U.S. Debt Processing, Inc. Decca Consumer Law Group The current list of companies they ... Read More »

            Ward Pleads Guilty to Nationwide Foreclosure Scam and Bankruptcy Fraud

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            A former Los Angeles resident, who fled to Canada and was a federal fugitive for 12 years, pleaded guilty on Monday to aggravated identity theft and bankruptcy fraud in connection with leading a nearly 15-year foreclosure-rescue scam that fraudulently postponed foreclosure sales for more than 800 distressed homeowners, announced Christy Romero, Special Inspector General for the Troubled Asset Relief Program ... Read More »

              WV Wins Judgment Against Nonprofit Credit Counseling Agency and a Number of Debt Relief Companies

              punched-in-face different

              On March 20, 2013 the State of WV was granted a judgment against James Armstrong, Family Credit Counseling, Debt Solutions Foundation, Top Financial Sales & Marketing, Consumer Financial Marketing, Consumer Debt Management & Education, JRA Property & Land Management, Vegga Corporation, and American Debt Counseling. Court records indicate Family Credit Counseling Corporation was a federally tax-exempt nonprofit and was in ... Read More »

                First Choice Debt Resolution in Trouble for Unlicensed Debt Settlement

                connecticut

                The State of Connecticut is not very happy with First Choice Debt Resolution. According to the State: 1. Respondent is a Nevada limited liability company having its principal place of business at 5340 N. Federal Highway, Suite 206, Lighthouse Point, Florida. 2. From at least October 2009 to May 2012, Respondent engaged in debt negotiation of unsecured debt on behalf ... Read More »

                  Missouri Sues Mortgage Law Group and Legal Helpers Debt Resolution

                  news-hot

                  On March 11, 2013, Attorney General Chris Koster filed a lawsuit against two related businesses that purported to provide loan modification and mortgage relief to desperate homeowners. Koster’s suit is against Legal Helpers Debt Resolution, LLC and Mortgage Law Group, LLC, as well as the companies’ managing partner, Jason Edward Searns; senior partner, Thomas Macey; and senior partner, Jeffery Aleman. ... Read More »

                    National Credit Relief Bureau – NCRB – Stupid in Connecticut

                    angry man

                    Why is it that debt relief companies still do get they need to register in Connecticut before they offer services there. Yet another numb nuts has been nabbed by Connecticut on February 5, 2013. MATTERS ASSERTED 1. Respondent is a Florida corporation having its principal place of business at 8050 SW 10th Street, Suite 1800, Plantation, Florida. 2. From at ... Read More »

                      New Life Consultants and Their Referral Arrangement Nabbed by CT

                      angry man

                      The State of Connecticut has recently taken action against New Life Financial Solutions, New Life Consultants. What makes this interesting is the fact the company was apparently not delivering the debt relief services themselves but acting as a referral source but accepting money from the consumer. MATTERS ASSERTED 1. Respondent is a California corporation with an office at 800 Park ... Read More »

                        Connecticut Spanks New Crop of Debt Relief Companies

                        Black Leather Flogging Whip and money on white background. Not i

                        The latest data is out from the Connecticut Department of Banking identifying the debt relief companies they’ve taken some action with since January 1, 2013. As I’ve said time and time again, you don’t mess with Connecticut unless you are licensed as a debt relief provider and comply with the laws of the state. They don’t take kindly to debt ... Read More »

                          CareOne Agrees to Pay Fine of 300K to Connecticut Department of Banking

                          oops

                          CareOne has entered a consent for sanctions against it for offering unlicensed debt negotiation services to Connecticut residents. You would think that a company the size of CareOne would not have let that happened but there it is. According to the State: WHEREAS, on August 4, 2011, CareOne filed with the Commissioner an application to engage and offer to engage ... Read More »

                            Fidelity Land Trust, Ed Cherry, Larry Diodato, and Paul Gallenbeck Back in the News

                            Big Scam Dog

                            Kimberly Miller of the Palm Beach Post has written yet another article about the events surrounding the attempted fancy pants cancellation of mortgages in Florida by several known or even notorious, debt relief players. The summary of recent court opinions about the efforts of the individuals and/or enterprise is certainly not favorable. Conspiracy theorists will say this is because of ... Read More »

                              CFPB Goes After Advance Fee Debt Settlement Company in Nationwide Coordinated Enforcement

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                              The Consumer Financial Protection Bureau has recently announced they have taken action against Payday Loan Debt Solution, Inc. (PLDS) and Sanjeet Parvani who routinely charged consumers upfront fees prior to settling the consumers’ debts. The CFPBs position was that the practice of charging consumers advance fees for debt settlement violates the Federal Trade Commission’s Telemarketing Sales Rule, the Dodd-Frank Wall ... Read More »

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