FTC Settles AmeriDebt Credit Counseling Case

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00016285-ftc-settles-ameridebt-credit-counseling-c/

The U.S. Federal Trade Commission said on Monday it had agreed to a settlement with the founder of AmeriDebt Inc. in what the agency said was its largest-ever case of deceptive credit counseling.

The FTC said the settlement requires AmeriDebt founder Andris Pukke to give up “virtually all of his assets” for a consumer redress program that could total as much as $35 million.

For this complete story, please visit FTC Settles AmeriDebt Credit Counseling Case.