FTC Halts $200 Million Credit Repair Scheme Targeting Military Servicemembers
Summary
At the FTC's request, a federal court in Arizona temporarily halted Credit Glory, a network of 16 related companies and five principals accused of scamming consumers out of nearly $200 million since at least 2016 through false credit-repair promises, impersonation of debt collectors and creditors, illegal upfront fees, and unlawful subscription enrollment. The FTC alleged the operation used paid search advertising to specifically target military servicemembers who owed debts to military-related creditors.
Key Changes
- Federal court in Arizona temporarily halted operations of Credit Glory and 16 related entities at FTC's request
- FTC alleges scheme scammed consumers out of nearly $200 million since 2016
- Alleged conduct included impersonating debt collectors/creditors, illegal upfront fees, and unlawful subscription enrollment
- Operation allegedly used paid search ads to target military servicemembers with debts to military-related creditors
Affected Industries
Source
Key Dates
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