More Phony 'Debt-relief' Scammers Banned by FTC

A slippery marketing operation that lied about its ability to reduce consumer credit card debt has been banned from the business under a settlement with the Federal Trade Commission.

As part of a continuing crackdown on scams targeting consumers in dire financial straits, the FTC accused the defendants of falsely claiming they could save consumers thousands of dollars by reducing their credit card debt. In reality, the defendants hooked debt-laden consumers through misleading advertising and then sold their names to debt-relief operations.