DEBT BUYING PONZI SCHEME OPERATOR SENTENCED TO 22 YEARS IN PRISON
- A Maryland man who pleaded guilty to operating a debt buying Ponzi scheme that took $396 million from investors has been sentenced to 22 years in prison and must make full restitution to all of his victims, which is expected to be at least $189 million.
SENATE FINANCE COMMITTEE CHAIR SENDS LETTER TO HOSPITAL ABOUT COLLECTION PRACTICES
- The collection practices at a non-profit hospital accused of being too aggressive in filing lawsuits against individuals with unpaid debts have caught the attention of the chairman of the Senate Finance Committee who now wants answers about the organization’s billing practices.
IDENTIFYING THE RACIAL DISPARITIES IN DEBT COLLECTION
- A wealth gap between the typical black and the typical white household is the likely reason why the number of judgments in neighborhoods with the majority of individuals are black is significantly higher than the number of judgments in neighborhoods with the majority of individuals are not black, according to a study released last month by two economics professors from the University of Pittsburgh.
WORTH NOTING: Senators grilled Kathy Kraninger yesterday about the Public Service Student Loan Program … Fans of Halloween can rent the Addams Family mansion or you can stay in Barbie’s Malibu Dream House … In defense of not using your brain so much … Some startling news about baby food … 90% of employees said they have been bullied at work … Continuing with today’s real estate theme: the most expensive home listing in America … Looking ahead to this weekend’s MLS playoff games … Nearly half of all millennial millionaires live in this one state.
How to type faster
The Daily Digest is sponsored by Microbilt. Designed to help debt collection professionals, MicroBilt’s platform of recovery and skip tracing tools provide quick, convenient, and current data that help you prioritize and successfully track people down and collect. Keep your skip tracing and debt recovery efficient and effective! Contact us to find out about our 90 Day Try Us Program. Call 800-884-4397 or visit www.microbilt.com.