FTC returns money to victims of debt collection scheme

The Federal Trade Commission announced today that it is mailing 5,232 checks totaling more than $2.7 million to people who lost money to Rincon Debt Management, a debt collection scheme that focused on people who were strapped for cash. The company’s owners are banned from the debt collection business. People who lost money are getting back the full amount of fraudulent fees the defendants added to their debt, an average of $525.

The FTC's press release is here.

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