Home / Compliance / FTC Sues Alleged Scammers For Stealing $3.4 Million in Fake Debt Payments

FTC Sues Alleged Scammers For Stealing $3.4 Million in Fake Debt Payments

The Federal Trade Commission has filed a complaint against three individuals operating a labyrinth of collection agencies with scamming individuals to make more than $3.4 million of payments on fake debts.

A copy of the complaint can be accessed here.

The defendants are Lamar Snow, Jahaan McDuffie, and Glentis “Glen” Wallace. The names of the companies they operated are: Global Processing Solutions, LLC, Intrinsic Solutjons, LLC, Capital Security Investments, LLC, North Center Collections, Inc., Diverse Financial Enterprises, Inc., American Credit Adjusters, LLC, Advanced Mediation Group, LLC, and Apex National Services, LLC, Mitchell & Maxwell, LLC, and Mirage Distribution, LLC.

In attempting to collect the fictional debts, the defendants would accuse individuals of having committed a crime and threaten lawsuits, imprisonment, and wage garnishment. The defendants also attempted to contact friends and relatives of the individuals.

The strategy netted more than $3 million in payments during the past two years.

At the request of the FTC, a judge has issued a temporary restraining order preventing the defendants from engaging in any collection-related activities and frozen their assets.

 

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