Georgia-based Company Banned from Debt Collection Business

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Regarding the settlement, each order imposes a $3.5 million judgment that is partially suspended, due to the defendants’ inability to pay. The defendants, however, need to surrender certain assets as part of the deal.

The FTC vote approved the stipulated orders against Lamar Snow, Global Processing Solutions LLC, Intrinsic Solutions LLC, North Center Collections Inc and Diverse Financial Enterprises Inc., Jahaan McDuffie, Capital Security Investments LLC and American Credit Adjusters LLC, and Glentis Wallace.

Finally, the court entered a default judgment against the remaining defendants — Advanced Mediation Group, LLC, Apex National Services, LLC, Mirage Distribution, LLC, and Mitchell & Maxwell, LLC — on Tuesday.