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…
Debt Settlement Exec Pleads Guilty to Criminal Charges and Looks at Jail
A former attorney and day-to-day controller of a New York based debt settlement company pled guilty to criminal charges on Tuesday. Michael Levitis faces up to 10 years behind prison for ripping off consumers with his Mission Settlement Agency, and Alpha Debt Settlement. The United States of America pursued Levitis for mail fraud and wire …