National Debt Consolidation Scheme Misleads Consumers About
Costs, Benefits, and Nonprofit Status
A nationwide debt consolidation business violated federal law by
misleading and illegally telemarketing millions of consumers, according to the Federal Trade
Commission (FTC), which is seeking consumer redress in federal district court, a freeze of the
operation’s assets, and an end to its illegal practices. According to the FTC’s complaint, a scheme
that bills itself as 'America’s Premier Debt Consolidation Company' is violating the FTC Act and the
FTC’s Telemarketing Sales Rule, led by a Florida attorney who is using a sham nonprofit company to
violate telemarketing rules that exempt legitimate nonprofit entities.
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