NY Debt-Settlement Agency Charged With Fraud

May 7, 2013
Associated Press  

U.S. Attorney Preet Bharara of the Southern District of New York confirms that debt settlement firm Mission Settlement Agency, its owner Michael Levitis, and three employees have been charged with mail and wire fraud. Federal prosecutors say that although the company advertised debt settlement services, it actually defrauded more than 1,200 debt-ridden individuals out of a total of millions of dollars by lying about its fees. Prosecutors also say that Mission employees lied about the company's debt reduction results.
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