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US courts freeze assets of 19 firms sued for scams

2:03 PM, Oct 9, 2012   |    comments
DeAun Tollefson holds the notice of trustee sale outside her foreclosed home in Sacramento, Calif., in June 2012. AP
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WASHINGTON (AP) - Three federal courts have frozen assets of 19 companies accused of scamming vulnerable homeowners at risk of foreclosure.
The Federal Trade Commission filed the requests in Florida, Ohio and California against the companies that are accused of promising relief to distressed homeowners and then charging them thousands of dollars for little or no help. The courts granted the government's request for restraining orders.
The FTC says the companies participated in three schemes: Prime Legal Plans-Reaching U Network, American Mortgage Consulting Group and Expense Management America.
The Federal Trade Commission has filed 38 other similar cases since 2008.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

10/9/2012 1:39:36 PM (GMT -4:00)

Associated Press

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