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Sued or Sanctioned

Universal Debt Services Gets Order to Make Restitution

The folks over at the Connecticut Department of Banking, otherwise known as the people you don’t want to F with, have reached out and touched Universal Debt Services, Inc. in New York. The State assets the following: 1. Respondent is a New York corporation with offices at 100 Veterans Boulevard, Massapequa, New York, and One Cross Island Plaza, Suite 100, ... Read More »

    World Law Debt, Global Client Solutions and Others Sued in NC. TRO.

    Screen Shot 2013-05-23 at 3.41.13 PM

    Yesterday the State of North Carolina and the North Carolina State Bar filed suit against Swift Rock Financial, World Law Debt, World Law Group, Orion Processing, World Law Processing, Derin Scott, and Global Client Solutions. This suit is different than many others I’ve seen in that it is a joint effort by both the State Bar and the Attorney General. ... Read More »

      NoteWorld / Meracord Loses Arbitration Agreement With Court

      Shocked Face

      An interesting development in the NoteWorld / Meracord world and a court case involving an arbitration agreement. The Ninth Circuit Court of Appeals heard the case between Amrish Rajagopalan and NoteWorld. Apparently NoteWorld tried to rely on the arbitration agreement the debt settlement company had in their agreement to compel this situation out of court and into arbitration. According to ... Read More »

        FTC Catches Bogus Tech Support Scam and Then Finds a Debt Relief Company

        fist

        The Federal Trade Commission announced a settlement over a bogus tech support service and accidentally found a debt relief company that was violating the Telemarketing Sales Rules in the process. Mikael Marczak, doing business as Virtual PC Solutions, and Sanjay Agarwalla were among the subjects of a series of six complaints filed by the FTC last September as part of ... Read More »

          Sameer Qadri, Connecticut is Calling and Looking for $100K

          top secret

          The Connecticut Department of Banking has issued a cease and desist notice and civil penalty to Sameer Qadri and Accredited Law Group. Qadri has also been associated with Estate Law Group. After a lack of response to many certified letter the State sent Qadri, the State has issued a final cease and desist letter for violation of Connecticut General Statutes ... Read More »

            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

                  Screen Shot 2013-05-07 at 5.04.19 PM

                  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

                      Screen Shot 2013-04-09 at 4.43.16 PM

                      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 »

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