Bethesda, MD ? It was reported by Reuters yesterday that NCO Group Inc. (Nasdaq: NCOG) said that the Federal Bureau of Investigation searched its Baltimore collection center in a probe related to its recently acquired Creditrust business. They also stated that the search was related to pre-bankruptcy activities of Creditrust, which took place before the acquisition by NCO In February.
NCO Group said in a statement that a Justice Department representative confirmed that neither the company nor NCO Portfolio Management were the subject of the investigation.
Peter Gulotta, special agent media representative for the Baltimore division of the FBI said: ?We executed search warrants but they are sealed, and we can’t make any comments with regard to them.?
NCO said that Creditrust documents were stored at the NCO Baltimore collection center, and that the FBI search did not disrupt that center’s activities, nor would it hurt that office’s operating results.
