Federal Trade Commission v. Asset & Capital Management Group, et al., SACV13-01107-DSF (JCx), U.S. District Court, Central District of California

Defendants in this case operated debt collection businesses in which they acquired legitimate bank debt at deep discounts and then deployed aggressive and deceptive telephone collection techniques which violated the Fair Debt Collection Practices Act. We took possession of the two active sites and suspended operations after concluding they could not be operated lawfully and profitably going forward. One of the Receivership Defendants was also an IT and telecommunications provider to some 20 other non-party debt collection operators – we were able to secure an order from the court directing the Receiver to collect all of this Receivership Defendants’ equipment from those sites. Consent Judgments were entered as to all Defendants in May, 2014.