Debt Settlement Company and Employees Criminally Charged in Fraud.

Today the Manhattan U.S. Attorney filed a criminal indictment against Mission Settlement Agency, Mission Abstract, LLC, Alpha Debt Settlement, Michael Levitis, Denis Kurlyand, Boris Schulman, Manuel Cruz, and James Leon. The criminal indictment filed should be of interest to many that were or still are in the advance fee debt settlement business. The activities described … Read more

Debt-Settlement Fraud Rising with Lack of Regulation Says Washington Post

Baltimore resident Gloria Snowden thought she had found a way out from under her $10,000 credit card bill when she signed up with a company that promised to negotiate with creditors to settle the debt for less than she owed. It was 2003 and the nascent debt-settlement industry was just taking off. Traditional credit counseling … Read more

Maryland Lawyer Richard Brennan Jailed for Debt Settlement Services

I was reading the MCRC Maryland Consumer Right Coalition “Debt Settlement in Maryland: Compounding problems, deepening debt” report. You can download your copy here. In the document the story of attorney Richard Brennan who got heavily involved in debt settlement is told. It’s one of the few cases where I’ve seen an attorney go to … Read more