FTC Release: FTC Stops Sprawling Credit Repair Scheme That Scammed Consumers Out of Nearly $200 Million

Dow Jones

08/17

Scheme allegedly deceptively posed as debt collectors and creditors, used false and misleading promises to collect illegal upfront fees and recurring charges

At the request of the Federal Trade Commission, a federal court has temporarily halted a bogus credit repair scheme run by a sprawling network of 17 related companies and their principals.

View Press Release: https://www.ftc.gov/news-events/news/press-releases/2026/08/ftc-stops-sprawling-credit-repair-scheme-scammed-consumers-out-nearly-200-million

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