At the Federal Trade Commission’s request, a federal court has temporarily halted an alleged debt relief services scheme that targeted seniors, including veterans, using a wide range of deceptive conduct, including falsely impersonating consumers’ banks and credit card companies as well as government agencies.
The Commission filed a complaint against seven companies and three individuals operating the “Accelerated Debt” program that falsely claimed to reduce consumers’ debt by as much as 75% or more. The complaint also seeks monetary relief for consumers the companies defrauded.
“The defendants falsely posed as consumers’ banks and credit bureaus to mislead them into their paying thousands of dollars for their supposed debt…