The Federal Trade Commission has strengthened its investigation and prosecution of mortgage rescue fraudsters. Since the beginning of 2013, the Federal Trade Commission has obtained settlements from more than 20 individuals and companies related to homeowners facing fraud difficulties. In recent incidents, two people and seven companies solved the suspicion of the Federal Trade Commission that more than 1000 people were injured through “fraud”. Large scale merger proceedings “; and forensic loan audits” violate the Mortgage Backed Relief Services (MARS) rules designed to deter fraud and injustice associated with such services.
The Federal Trade Commission believes that Samer Lakhany, Brian Pacios, Precision Law Center, Inc., Precision Law Center LLC, National Legal Network, Inc., and Ashity Law Group committed large-scale joint fraud against consumers. They promised the homeowner that they could jointly sue the borrower to stop repaying or obtain other mortgage relief. The defendant, representing himself as a law firm called Precision Law Center, received an advance payment of US $6000 to US $10000. However, all lawsuits were dismissed shortly after they were filed. The victim did not see the promised relief.
“One of the artists of the scam, Rakani, also participated in the show.” Forensic medicine loan audit “; Credit Shop, LLC, Titanium Realty, Inc. and quality guaranteed Legal Services LLC conspired to cheat together. These defendants, together with non-profit organizations, domain names, free federal loan model.org,” organizations “,” family relief. org, “organizations” And MyHome Support.org; but in fact, they sold an audit service to people, which can find the borrower’s violations in the security documents. The defendant charged nearly $800 to $1600 for this service, which never led to a loan modification beneficial to the victim.
The settlement of the Federal Trade Commission required the defendant to hand over a large amount of assets and pay $4.75 million in compensation. Security Law Group, all companies except joint-stock companies are unable to provide mortgage relief and debt relief services. Assecurity was asked to return $100000 and ordered to stop the fraud. In February, the Federal Trade Commission announced that Ryan Zimmerman, Consumer Advocates Group Experts, LLC Paramount Asset Management Corporation and Consus Exvot made loans to nearly 2000 legal persons to defraud accounting legal persons. In addition to the US $3.5 million judgment, the defendant also prohibited the sale of relief services or products, and prohibited any misleading statements about other types of products or services.
In January 2013, the other eight defendants reached a settlement with the Federal Trade Commission. Because they sold fake relief services to distressed homeowners who spoke Spanish on the phone. Defendants David F. Preiner, Daniel Hungria, Freedomy Company Marketing, Inc., Freedom Company Lending, Inc., Liberty Company, Inc., Grupo Marketing Dominicana, Freedom Incoration Services, Inc. and Haidi Management Inc. collected a total of US $2 million in three years. They didn’t provide the service they could. As part of the settlement, the defendant was sentenced to US $2.39 million, prohibited from selling relief products or services, and made misleading statements about everything they publicized.
