Tuesday, May 26, 2009

Arkansas Credit-Repair Fraudsters Lose Big

According to the Northwest Arkansas News, Sherrye Mance and Tiffany Morris have not responded to a federal judge's order that they pay nearly $700,000 in penalties for defrauding at least 139 Arkansans through a credit-repair scam.

According to the lawsuit, the women had been defrauding consumers in Arkansas and some surrounding states for about four years, using unincorporated business names such as Financial Services Unlimited, Service Unlimited Inc., and Credit Counseling Service.

The lawsuit alleged that the women "have offered for sale to consumers services purported to improve a customer's credit history, credit record, and credit ratings." But, the lawsuit also notes, "It is unlikely that any services were actually performed," or at least performed in such a way as to benefit any customers.

State wins credit-repair fraud case

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