Florida AG Shuts Down Scam Debt Collection Operation

  • Email
  • Print
  • Printing Articles

    1. Click here to print!
    2. ...or print directly from your browser by choosing File > Print... from the menu or by pressing [Ctrl + P]. Our printer-friendly stylesheet will make sure extraneous website stuff isn't printed.
    3. You're done!

    Close this message.

  • Comments
  • RSS

Florida Attorney General Pam Bondi announced Friday that her office has obtained a temporary injunction and asset freeze against Vanderbilt & Associates, LLC, Buchanan Capital Management, LLC, and their owner for allegedly engaging in unlawful debt collection schemes.

The Office of Financial Regulation and the Orlando Police Department assisted with the case involving allegations that the companies would call consumers and claim to be law enforcement officials, government agents, process servers or county clerk’s office employees to intimidate or scare consumers into paying debts. In many cases, these alleged practices were targeted at debts that were non-existent, had already been paid, or for which the company had no legal rights to collect. These alleged practices are in violation of the Florida Unfair and Deceptive Trade Practices Act and the Florida Consumer Collection Practices Act.

“We will do everything within our power to protect Floridians from unlawful debt collection practices that often employ scare tactics to manipulate individuals,” stated Attorney General Pam Bondi. “My office will continue to partner with the Office of Financial Regulation and the Orlando Police Department to enforce Florida’s tough consumer protection laws.”

“We are committed to working with our partners in law enforcement to prosecute those who engage in unlicensed and unlawful activities and to protect the citizens of Florida,” said Commissioner Drew J. Breakspear, Florida Office of Financial Regulation. “We encourage Floridians to always do their homework before doing businesses with anyone, including debt collectors. Be sure to verify a company’s license and if you suspect questionable practice, request assistance by contacting the company’s regulatory agency or law enforcement.”

“The Orlando Police Department will relentlessly investigate these crimes and work together with other agencies, including Attorney General Pam Bondi’s office and the Office of Financial Regulation, to ensure that those responsible are held accountable. In uncertain economic times, for those to take advantage of victims trying to support their families financially is reprehensible,” stated Chief Paul Rooney.

The temporary injunction bars the companies and their owners from engaging in unlawful debt collection schemes. It also bars them from using any unfair or deceptive practices in the collection of consumer debts and from violating of the Florida Unfair and Deceptive Trade Practices Act and the Florida Consumer Collection Practices Act. The temporary injunction and asset freeze were obtained against Vanderbilt & Associates, LLC, Buchanan Capital Management, LLC, Merrill T. Miller, and their affiliates.

  • Email
  • Print
  • Printing Articles

    1. Click here to print!
    2. ...or print directly from your browser by choosing File > Print... from the menu or by pressing [Ctrl + P]. Our printer-friendly stylesheet will make sure extraneous website stuff isn't printed.
    3. You're done!

    Close this message.

  • Comments
  • RSS

Posted in Collection Laws and Regulations, Featured Post .

×
Subscribe to our email newsletters

Continuing the Discussion

We welcome and encourage readers to comment and engage in substantive exchanges over topics on insideARM.com. Users must always follow our Terms of Use. Also know that your comment will be deleted if you: use profanity, engage in any kind of hate speech, post an incoherent or irrelevant thought, make a point of targeting anyone, or do anything else we find unsavory. Your comment will be posted under your current Display Name, shown below. If you'd like to change your Display Name, you must update it on the My Profile page.

  • avatar Tom Mohr says:

    I found Mr. Lunsford’s use of the adjective “scam” in his headline contradictory to journalistic standards of integrity, especially when he so deliberately used words like alleged and allegedly in the article.

    Whatever happened to the principles of objectivity, impartiality, and fairness as they apply to the acquisition of newsworthy information and its subsequent dissemination to the public?

Leave a Reply