Posting topics is addicting, one more for the road: U.S. says debt collector cheated 6,000 people

[UglyGreed]

U.S. says debt collector cheated 6,000 people in scheme


(Reuters) - U.S. authorities arrested seven people on Tuesday for what they said was a multimillion-dollar scam by a debt collection company that victimized more than 6,000 people, and a prosecutor said a wider crackdown was underway.

Williams Scott & Associates LLC wrongly threatened people with arrest, used aliases such as "Investigator Ace Rogers" and tried other tricks to collect at least $4.1 million from consumers whose debt it bought for pennies on the dollar, prosecutors said.

The company was owned by John Williams of Norcross, Georgia, who authorities said went on to operate a new debt collection business using the same tactics after the FBI conducted a search of its office in May.


http://www.reuters.com/article/2014/11/18/us-usa-fraud-debtcollection-idUSKCN0J220W20141118

[hobbit709]

1. About 95% of the collection agencies use illegal tactics.

[UglyGreed]

2. yes they do and

often collect on debt that is past the statute of limitation by scaring people with phony lawsuits.