Real Estate

FTC Asks Court To Shut Down Phony Debt Relief and Credit Repair Scheme Defendants Claimed Government Affiliation and Presidential Endorsements

August 22, 2014
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The Federal Trade Commission asked a federal court to shut down a scam that targeted financially distressed Americans by pitching a phony debt relief and credit repair program, and by falsely claiming the program was provided and funded by the federal government and endorsed by President Obama. The FTC’s complaint targets the operators of...

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Manhattan Club Owners Ordered To Stop Selling Timeshares Following Fraud Charges

July 25, 2014
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New York Attorney General Eric T. Schneiderman today announced that he obtained a court order halting sales of timeshare interests at the Manhattan Club, a luxury hotel in Midtown Manhattan. The order by a Manhattan Supreme Court Justice requires that the club’s principals, Ian Bruce Eichner, Leslie H. Eichner, and Stuart P. Eichner, testify...

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Connecticut Joins $550M Joint State-Federal Settlement with Mortgage Servicer SunTrust

June 18, 2014
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Connecticut has joined with the federal government, 48 other states and the District of Columbia in a $550 million settlement with mortgage lender and servicer SunTrust that resolves origination, servicing and foreclosure abuses, Attorney General George Jepsen has announced. The three-year settlement will provide direct payments to certain borrowers for past foreclosure abuses as...

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Debt Collectors Know How To Seize Your Wages And Savings

June 9, 2014
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People with overdue bills have long complained of harassment from debt collectors, from late-night phone calls to frightening in-person visits. Now it appears the industry has found far more troubling strategy: filing lawsuits against debtors–often, consumer advocates say, on the theory that they won’t ever show up to court to defend themselves. The consequences...

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