Robocaller To Pay $25M To Settle FTC's Fraud Suit

Law360, New York (September 5, 2013, 5:15 PM EDT) -- The Federal Trade Commission on Thursday settled with Florida robocaller Pro Credit Group LLC for $25 million and won an injunction against its owner and his business partners, accused of defrauding people via bogus loan collection schemes and interest-reduction services.

As part of the settlement, a Florida federal court barred PCG owner Brett Fisher from telemarketing, selling financial services and collecting debt. The $25 million he agreed to pay will cover consumer redress and the receiving fund's administration fees. The FTC also reached settlements with Fisher's...
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