FTC Release: FTC to Ban Debt Collector Who Allegedly Coerced Consumers into Paying Debt They Didn't Owe

Dow Jones

2025/05/09

FTC alleged GCI threatened consumers with arrest and other actions to get them to pay millions in phantom debt

The Federal Trade Commission alleged that Global Circulation, Inc. $(GCI)$ and its owner, Kenneth Redon III, threatened consumers with jail time, lawsuits, and wage garnishments to pressure them into paying debt they didn't actually owe.

View Press Release: https://www.ftc.gov/news-events/news/press-releases/2025/05/ftc-ban-debt-collector-who-allegedly-coerced-consumers-paying-debt-they-didnt-owe

(END) Dow Jones Newswires

May 08, 2025 15:04 ET (19:04 GMT)

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