FTC Settles With Alleged Debt And Mortgage Relief Scammers

Law360, New York (December 13, 2013, 3:45 PM EST) -- Three companies and their owners accused of running debt and mortgage relief and credit repair scams have agreed to stay out of any further business in those areas, the Federal Trade Commission said Thursday.

Last year, as part of the federal Distressed Homeowner Initiative — a multiagency effort to investigate fraud schemes — the FTC charged Mark Nagy Atalla and his companies, American Mortgage Consulting Group and Home Guardian Management Solutions, with offering false promises of mortgage-rate reductions to consumers trying to hold onto their homes....
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