Federal Court Shuts Down Debt Relief Service for Targeting Seniors and Veterans
A federal court has permanently shut down a debt relief service enterprise, including Accelerated Debt Settlement Inc., ADS Resolve LLC, Financial Solutions Group LLC, Unified Capital Services LLC, Mediwerks, Resolution Specialists LLC, and Futura Capital, along with individual defendants. This action follows allegations by the Federal Trade Commission (FTC) that the companies targeted seniors and veterans by impersonating banks, credit card companies, and government agencies. The U.S. District Court for the District of Arizona issued a $106.8 million default judgment against the corporate entities and individual defendants, effectively banning them from operating in the debt relief industry. The FTC asserted that the defendants falsely claimed they could reduce consumers' debts by 75% or more, contacting them through telemarketing, direct mail, and online advertisements, and illegally collecting advance fees. The court had previously issued a temporary shutdown order against the enterprise.