Hundreds Defrauded in Debt Settlement Scheme

Posted on 05/7/2013 by |Money and Work | Comments

Bulletin Today | Money & SavingsMore than 1,000 people struggling with credit-card debt turned to a debt-settlement company for help. Instead of using the consumers’ $2.2 million in fees to pay their creditors, the company’s owner and employees purchased luxury car leases and other goods, according to a federal indictment unsealed in New York Tuesday. The criminal indictment, reported by USA Today, says Mission Settlement in New York, its owner Michael Levitis, and three employees were charged with using their customers’ fees to pay for …