FTC Action Leads to Permanent Bans for Scammers Behind Sprawling Credit Repair Pyramid Scheme
Proposed court orders require defendants to turn over assets totaling more than $12 million
As a result of a Federal Trade Commission lawsuit, the owners and operators of a sprawling credit repair operation known as Financial Education Services (FES) will end the practices that the FTC alleged created a pyramid scheme and also violated the Credit Repair Organizations Act. In addition, the proposed court orders include substantial monetary penalties.View Press Release
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