Collectors of Bogus Debts Are Banned from Debt Collection

The defendants behind a New York-based debt collection scheme will be permanently banned from the debt collection industry under a settlement with the Federal Trade Commission and the New York Attorney General, who alleged that the defendants bilked consumers out of millions of dollars by brokering and collecting on fake debts that people did not …

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Debt Collectors Tricked People Into paying Debts They Did Not Owe

The Federal Trade Commission and the New York Attorney General’s Office have charged two New York-based operations and their principals with running a scheme to collect money from consumers on fake and unauthorized debts. This action is part of the FTC’s continuing crackdown on all players in the phantom debt chain, including those who sell …

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