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Wednesday, April 11, 2012

Court Halts Alleged Fake Debt Collector Calls from India, Grants FTC Request to Stop Defendants Who Posed as Law Enforcers


WASHINGTON, April 11, 2012 /PRNewswire via COMTEX/ -- California-based Defendant Ran Phantom Debt Collection Scheme from His Home, FTC Alleges

In response to charges from the Federal Trade Commission, a U.S. district court has halted an operation that the agency alleges collected phantom payday loan debts that consumers either didn't owe to the defendants or didn't owe at all. The defendants' scheme involved more than 2.7 million calls to at least 600,000 different phone numbers nationwide, according to the FTC. In less than two years, they fraudulently collected more than $5.2 million from consumers, many of whom were strapped for cash and thought the money they were paying would be applied to loans they owed, according to FTC documents filed with the court.  Read the full article here

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