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June 30, 2015

Posted  June 30, 2015

The FTC is mailing checks totaling approximately $4 million to consumers who lost money to a debt collection operation that extorted payments from them using false threats. In May 2014, the FTC settled charges against Asset Capital and Management Group, which, under various names, illegally extracted payments from consumers for credit card debt the defendants had purchased from creditors. The settlement order banned the defendants from the debt collection industry. FTC