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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