NY CA shut down

Discussion in 'Credit Talk' started by sparq, Jun 24, 2009.

  1. sparq

    sparq Well-Known Member

    Just goes to show you that every now and again, the good guys win.

    The Associated Press: NY shuts down debt collection company run by felon

    AG shuts door on collection operation - Business First of Buffalo:

    From the articles:

    During one call recorded by a debtor, a man who vaguely identified himself as an investigator from "the warrant division" said one victim was about to be "picked up."

    "Make sure you have somewhere for your kids to go. Lock up your house. Get some clean clothes, because you're not coming home anytime soon," the caller said. In reality, authorities said, the business was run not by lawmen, but convicted felons. Its owner was former drug dealer who goes by the nickname "Bags of Money" and served 13 years for attempted robbery.

    According to the lawsuit filed by the office of Attorney General Andrew Cuomo, Boyland, a convicted felon, and three other individuals ran numerous debt collecting companies that operated out of at least four locations in Western New York. The other three individuals named in the lawsuit are Kayla Pritchett, Dellian Sharp and Dorian Wills. Both Sharp and Will also have criminal records, investigators said.

    The names of the companies associated with the collection operation included: Central Resource Management, Final Claims Asset Locators, Final Control Asset Locators, Interchange Payment Solutions, Next Step Services, Portfolio Asset Assurance, Silverbay Services, and Teleport.


    I vaguely recall seeing Portfolio Asset Assurance tossed around on here a few times. I wonder what happens to debt when a CA is shut down by the AG for illegal acts? Talk about the doctrine of unclean hands! If I were feeling particularly confrontational, I'd think about suing the OC for handing my account to a bunch of felons for collection. Think of all the emotional distress!

    These stories show exactly why you never speak to a CA over the phone, and when a CA violates your rights, you complain, complain, complain to the authorities!
     
  2. Hedwig

    Hedwig Well-Known Member

    And that's why you have to file complaints with your state's AG. One complaint might not get much action, but complaint after complaint after complaint will.
     
  3. sparq

    sparq Well-Known Member

    Exactly, Hedwig. You never know if you're that magical 50th person to complain. You just might be the straw the breaks the camel's back.
     

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