Georgia-based Business Charged with Taking More Than $3 Mill from Consumers

IIG Managing Partner pleads guilty to Ponzi-like scheme

Georgia-based company Global Processing Solutions, LLC (formerly known as Global Processing Solutions, Inc.,) along with more ten other defendants, are charged in federal court with fraudulently taking more than $3 million from consumers who were told they owed a non-existent debt.

The FTC’s complaint alleges that the defendants have a business that is “founded on false claims that consumers have committed a crime and face dire consequences – including a lawsuit, garnishment, and even imprisonment – if a purported debt is not paid.”

Additionally, the FTC alleged that the defendants illegally contacted employers, family members, and friends. The defendants did not provide the legally required written notices about the debt, either.

How to Protect Yourself from Illegal Debt Collection Practices

With the prevalence of debt collection agencies currently in the news over violating the Fair Debt Collection Practices Act and the Telemarketing and Consumer Fraud and Abuse Protection Action, it’s important that you know how to protect yourself from illegal debt collection practices.