FTC halts another phantom debt collection scheme
Federal Trade Commission
Getting a call about a debt you don’t owe – or even recognize – can be annoying. It can be downright scary when the caller claims to be a lawyer and threatens legal action if you don’t pay.
Such are the ploys of phantom debt collectors: lies, harassment, intimidation and threats.
Today, the FTC filed a lawsuit against Global Asset Financial Services Group (GAFS) and fifteen related defendants for operating a fake debt collection scheme. The FTC’s complaint says that GAFS employees claimed to be lawyers or affiliated with law firms. In truth, they were not lawyers and had no authority to collect debts.