It’s been a long time since I’ve seen Connecticut go after someone for debt adjusting or debt negotiation services. But it looks like they are back. The State alleges that Pedroso Legal Services LLC a/k/a ELAWNJ.COM accepted money from one Connecticut consumer for debt help. “7. Legal Services is a New Jersey limited liability company … Read more
The volume of actions from the very aggressive State of Connecticut has slowed down in recent years but here is the latest action. Capital Home Center and Sergio Rodriguez were hit with a cease and desist by the State for action under Connecticut General Statutes contained in Part II of Chapter 669 of the Connecticut … Read more
The Connecticut Department of Banking has released information on a recent action they took against Consumer Law Group. It’s mostly the same stuff Connecticut goes after but in this case the State took a new action they might use more often; they barred the company from the state. The State said: “WHEREAS, Consumer Law Group, … Read more
It what seems like a broken record, I still can’t believe debt relief companies are selling to Connecticut residents, or ever sold to them without being registered. The Connecticut Department of Banking takes these issues seriously. Todays lesson on this comes courtesy of the Compliance Audit Group. The irony here is Compliance Audit Group referred … Read more
Another day, another debt relief company falls into the trap known as Connecticut. This time the unlucky recipients are James F. Baker, Independent Rescore Systems, Deleting Your Debts Company, Deleting Your Debts, Intake Application Center, and Intake Applications. Here is what the State has to say. 1. Rescore was a Nevada corporation from August 11, … Read more
I’ve been writing about the debt relief world for a long time now. But today the Connecticut Department of Banking pulled a new one on me. Not only is Connecticut tough as nails when it comes to offering debt relief in their state, but now they are even going after companies that “are violating or … Read more
The State of Connecticut, Department of Banking, has just announced issuing a cease and desist notice to US National Legal Solutions, / USNLS, Inc. According to the State: Respondent is a purported California corporation with an office at 92 Corporate Park, Suite C254, Irvine, California. On September 28, 2010, a Connecticut resident, while physically present … Read more
The State of Connecticut Department of Banking has issued a very interesting declaratory ruling in the matter of Persels & Associates. I find it interesting because it is yet another example of how attorneys might not have such a “free pass” when it comes to offering debt settlement services all across the country. In this … Read more
I’ve said if before but the one state debt relief providers don’t want to mess with is Connecticut. Their Department of Banking is probably the leading department in the entire country for going after debt relief providers. I think what is obvious from this recent class of Connecticut students is that simply being a lawyer … Read more
Global Client Solutions, one of the major escrow companies that handles funds for debt settlement clients, was charged with being an unlicensed money transmitter by the state of Connecticut and then entered into a consent order to resolve the issue. According to the records, on November 30, 2011 Global Client Solutions received a cease and … Read more
If you’ve been doing business or contemplating doing business with the Missouri-based Bureau of Prescription Health the Better Business Bureau (BBB) is advising consumers to avoid this company. The Bureau of Prescription Health sounds like a trustworthy and reputable company (mainly because of the use of the word “Bureau”) but are in fact charging consumers … Read more
We’ve covered the deceitful acai berry weight-loss products over the past year on our site (see here, here and here). It was announced on Wednesday that the Federal Trade Commission (FTC) has stopped six operators from using fake news site that allegedly deceived consumers about this product. Six online marketers agreed to settlements with the … Read more
On Wednesday of last week word broke about the largest insider trading scheme involving single stock charged to date. Three defendants have pled guilty and are cooperating with the government’s investigating a scheme that allegedly netted more than $61.8 million in illegal profits. Charges were announced against seven investment professionals, who worked at three different … Read more
Charges were announced last Thursday against seven members of an identity theft ring that allegedly used stolen identities of more than 180 people at major New York City retail stores including Home Depot, Sears, Kmart and Kohl’s, among others. The ring of fraudsters resold merchandise and gift cards for a profit after purchasing them under … Read more
Earlier this month it was announced that John Voloshin was arrested for operating multiple alleged fraud schemes. According to allegations in court documents and statements made in court, Voloshin has represented himself to be in the business of real estate development. In approximately 2006, Voloshin asked an individual to loan him $500,000. Voloshin indicated that … Read more