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

Dow Jones

May 09, 2025

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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The Federal Trade Commission alleged that Global Circulation, Inc.  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.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4111":"出版","FTC":"First Trust Large Cap Growth Opp"},"translate_title":"联邦贸易委员会发布：联邦贸易委员会将禁止涉嫌强迫消费者支付未欠债务的收债人","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FTC":1,"GCI":1},"content_text":"FTC alleged GCI threatened consumers with arrest and other actions to get them to pay millions in phantom debt \n\n\n     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. \n\n\n  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 \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 08, 2025 15:04 ET (19:04 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}