Feds Shut Down Debt Collector That Allegedly Collected $1.2M In Unowed Debts

Once again, as part of its ongoing efforts to crack down on unscrupulous debt collectors, the Federal Trade Commission has accused a North Carolina company of running a “phantom” debt collection scheme that went after people for money that they did not actually owe.

The FTC announced today that it had filed a complaint accusing the debt collection operation with using intimidation and deception to extract more than $2.1 million from consumers.

The operation used a variety of names, such...

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