Global Circulation Inc. and its owner face legal action over alleged impersonation, unlawful threats, and violations of consumer protection laws
The Federal Trade Commission (FTC) and the state of Nevada filed a complaint against Global Circulation Inc. and its owner accusing them of impersonating legitimate lenders to threaten consumers with wage garnishment and lawsuits for nonexistent debts. They defrauded consumers of millions of dollars in the phantom debt scheme.
“Using a playbook of intimidation and threats of jail time to coerce consumers into paying debts that they don’t owe is beyond the pale,” said Director Christopher Mufarrige of the FTC’s Bureau of Consumer Protection. “The FTC will not hesitate to act against phantom debt collectors to shut down their operations.”
The proposed final order would permanently bar the defendants from any debt collection or brokering activity. Under the terms, GCI and Redon would also be banned from making false claims in any business context and from misrepresenting affiliations with any person or organization.
As the Lord Leads, Pray with Us…
- For Director Mufarrige as he heads the FTC’s Bureau of Consumer Protection.
- For Chair Ferguson and members of the FTC as they seek to ensure businesses and companies follow federal laws and regulations.
Sources: Federal Trade Commission, Consumer Affairs
