FTC Halts Debt Relief Scheme that Bilked Millions from Consumers While Leaving Many Deeper in Debt

Since 2019, Austin, Huffman, and Thompson have operated a network of companies incorporated in Tennessee, Nevada, New Mexico, and Wyoming that have worked together as a common enterprise to support the defendants deceptive credit card debt relief scheme, the FTC alleged.

Metadata

Provider:

FTC

URL:

https://www.ftc.gov/news-events/news/press-releases/2022/11/ftc-halts-debt-relief-scheme-bilked-millions-consumers-while-leaving-many-deeper-debt

Retrieved on:

Wednesday, November 30, 2022

Information

Tags:

Federal Trade Commission, Blog, Thompson, Douglas v. U.S. District Court ex rel Talk America, Complaint, Social media, Program, District court, News, Consumer protection, Commission, FTC, Credit, Bank, Cryptocurrency

Geotags:

NEW MEXICO, NEVADA, WYOMING, TENNESSEE

Summary

Key Points:

Since 2019, Austin, Huffman, and Thompson have operated a network of companies incorporated in Tennessee, Nevada, New Mexico, and Wyoming that have worked together as a common enterprise to support the defendants deceptive credit card debt relief scheme, the FTC alleged.
- Making phony debt relief promises: In marketing their services, the schemes operators claimed to use several bogus methods to reduce or eliminate consumers credit card debt.
For example, they falsely claimed that consumers may qualify for a federal debt relief program or that a consumer doesnt owe the debt because it hasnt been validated.
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