January 22, 2026 – Notice to Former Employees re: Questions Regarding Pay
As you are aware, on July 14, 2025, the Federal Trade Commission (“FTC’) filed a lawsuit against Accelerated Debt Settlement Inc.; ADS Resolve LLC; Financial Solutions Group LLC; Future Capital, LLC; MediaWerks; Resolution Specialists LLC; and Unified Capital Services LLC.
The Court entered a Temporary Restraining Order (“TRO”) which froze the related companies’ assets and appointed a temporary receiver. On August 7, 2025, the Court entered a Preliminary Injunction Order against the Defendants. The Receiver terminated business operations having concluded the business could not operate legally and profitably.
We realize this has been a difficult and uncertain time for the former employees. We have received many emails which ask very similar questions about pay. Answers to the most common questions are set out below.
1. Will employees be paid for the pay period July 7 through July 13, 2025, before the TRO was entered?
Yes, employees of Resolution Specialists should have received their payroll payment for the pay period ending July 13, 2025.
2. Will employees be paid after July 13, 2025, and/or receive payment for any accrued PTO?
At present, the Receiver does not anticipate making further payroll payments, including payments for accrued PTO to former employees.
3. Can I be provided with my 2025 W-2 form/2025 1099 form?
PaydayHCM mailed the 2025 W-2 forms to employees on or about January 14, 2026. Employees are able to access their W-2 form electronically on PaydayHCM’s Employee Self-Serve platform. Go to Paydayhcm.myisolved.com.
4. What will happen to my 401(k) plan?
For participants (including beneficiaries of deceased Participants, any beneficiary who is an alternate payee under a qualified domestic relations order, or any other person designated in writing to receive notice on behalf of an Affected Party; and retirees receiving benefits that haven’t been fully guaranteed) of Financial Solutions Group, LLC 401k Plan and Financial Solutions Group, LLC Cash Balance Plan see below.
As of December 31, 2025 the Financial Solutions Group, LLC 401k Plan and ITM Alliance, LLC Cash Balance Plan were terminated. As required by law, you, as an Affected Party, received notice to your last known email address of the plan termination. Also, the Plan was amended effective December 31, 2025 to stop the accrual of future benefits. You are also 100% vested as a result of the plan termination. If the plan does not terminate, you will be notified in writing.
You will be receiving detailed information about your benefits and options under the terminating plan. A plan termination is a very lengthy and complicated process, and it may take a while before it is completed. If you have any questions in connection with the plan termination, please contact: info@regulatoryresolutions.com using “Financial Solutions Group” in the subject line.
December 15, 2025 – Court Issues Temporary Stay of Action
On December 15, 2025, the Court granted defense counsels’ application to withdraw as counsel for all Defendants. At the same time, the Court issued a 60 day stay of the case to allow Defendants to obtain replacement counsel.
August 7, 2025 – Notice of Preliminary Injunction
On August 7, 2025, the Court entered a Preliminary Injunction Order against the Defendants. See Preliminary Injunction in the documents section of this page. The Receiver has terminated business operations.
July 25, 2025 – Preliminary Report Filed
The Receiver has filed a Preliminary Report with the Court and has suspended business operations having concluded the business could not operate legally and profitably. See Receiver’s Preliminary Report in Documents section of this page for further background.
July 14, 2025 – Notice of FTC Complaint and Temporary Restraining Order
On July 14, 2025, the Federal Trade Commission (“FTC”) filed a lawsuit against Accelerated Debt Settlement Inc.; ADS Resolve LLC; Financial Solutions Group LLC; Future Capital, LLC; MediaWerks; Resolution Specialists LLC; and Unified Capital Services LLC. The individuals named in the lawsuit are Jeffrey A. Lakes, Robert Knechtel, and Elizabeth Reaney.
The FTC Complaint alleges that “Defendants own and operate a debt relief scam that preys on mostly older consumers, some of whom are veterans, by (A) impersonating consumers’ banks or credit card issuers, the U.S. government, or a CRA; (B) making false promises of reducing consumers’ unsecured debts; (C) collecting illegal advance fees; (D) using prohibited remotely created checks; (E) unlawfully obtaining consumers’ credit reports; and (F) violating Do Not Call requirements. Defendants have additionally solicited consumers who seek debt relief services through inbound and outbound telemarketing. Since at least February 2022, Defendants have collected thousands of dollars per consumer from many consumers-grossing over $100 million.” The Complaint is posted in the documents section of this page.
The FTC sought a Temporary Restraining Order (“TRO”) against the Defendants. On July 14, 2024, the Court entered a TRO which prohibits any further unlawful conduct and appoints a Temporary Receiver to take possession and control of the businesses. The Temporary Receiver is an agent of the Court and is not affiliated with the FTC. The Temporary Receiver has suspended the businesses’ operations and is now conducting a review of the businesses. The FTC’s Motion for a TRO is posted in the documents section of this page.
We will post periodic updates to this website. If you have additional questions, please send them to info@regulatoryresolutions.com and reference the company involved in the subject line. Please be aware it may take some time to receive a response.