Not much shocks me in the debt world but this announcement from the Federal Trade Commission, did. The FTC just announced, “FTC Sends More Than $1.79 Million in Refunds to Consumers Defrauded by AmeriDebt Scam.” The AmeriDebt case goes all the way back to November 19, 2003 and the FTC is still dealing with recovering money from harmed credit counseling ... Read More »

Please see updates on July 15, 2013 and July 23, 2013 to this article at bottom. Recently tips and information has been trickling in regarding an old debt relief industry name I had not heard for awhile, Andris Pukke. Pukke was nailed by the FTC for his operation of Ameridebt and even did some jail time for it. You can ... Read More »

Andris Pukke, the former head of the nonprofit credit counseling group Ameridebt was sentenced to 18 months in jail yesterday. This marks his second trip back to jail for activities that began with his credit counseling operation in Germantown, Maryland. Pukke pled guilty in January to hiding funds from authorities after he was ordered to turn over all funds for ... Read More »

In court documents just released, former Ameridebt founder and leader, Andris Pukke has pled guilty to obstruction of justice in his effort to hide millions of dollars of money from his debt relief enterprise. As part of the plea agreement, Pukke, pleads guilty to obstruction of justice and now faces up to ten years in prison, a fin and three ... Read More »

Just this morning I reported about the trials and tribulations of Stephen Todd Cook and Debt.com getting slammed by the FTC. Well thanks to a tipster (send in your tips here) it appears Cook has a long standing involvement in the debt relief world and it goes way back to Ameridebt and Infinity Resources Group, both of which were previously ... Read More »

I have been doing a number of reviews of companies in the debt settlement industry lately and one thing has become very clear, the industry seems to be rife with some really bad people. Now nobody wears a tag around their neck that says “I’m in the Mob” and there is no Mobbook to look at but what is very ... Read More »

Timothy T. McCallan may be the smartest person in the underworld of debt relief industry. Under his direct and indirect manipulation the debt management and debt relief world has changed invisibly over many years. I would argue that Tim McCallan may be the biggest fish to have never been caught in any regulator crackdown. The McCallan story really centers around ... Read More »

I’m publishing this in relation to another story I’m working on and the material will be relevant to future postings. Read More »

FTC Files Lawsuit Against AmeriDebt November 19, 2003 Agency Alleges that “Credit Counseling” Firm Misrepresents Costs and Nature of Its Services The Federal Trade Commission has filed a complaint in federal court charging that a national organization that promotes itself as a non-profit credit counseling agency is engaged in deceptive practices. According to the FTC’s complaint, the defendants have misrepresented ... Read More »

Address: New York: 535 Broadhollow Rd. Suite A-21 Melville NY 11747 Maryland: 702 Russell Avenue Suite 401 Gaithersburg, MD 20877 Florida: c/o Andris Pukke 3129 Cape Circle Margate, FL 33063 Website: Description: Consumer Debt Resources, Inc. is a now defunct Florida company that was formed by Tim McCallan and Andris Pukke. Andris Pukke ran the largest credit counseing group to ... Read More »