Debt Relief Scams Shut Down by FTC

Two operations that used robocalls to peddle bogus debt-relief plans to consumers with high credit card interest rates have been shuttered by the Federal Trade Commission.

Advanced Management Services NW LLC and Dynamic Financial Group were accused by the FTC of making misleading telemarketing calls, contacting consumers on the Do Not Call Registry and placing illegal robocalls.

Settlements with the defendants ban all of them from selling debt relief services, and several of them were also forced to surrender to the FTC or sell off a number of assets, including a boat, luxury cars, jet skis, ATVs and two condominiums.