For Release

closed-sign11The South Florida-based defendants in an alleged mortgage relief scam will surrender their assets and be banned permanently from providing mortgage relief and debt relief services to consumers under a settlement with the Federal Trade Commission.  This settlement represents the FTC’s largest judgment to date against a purported mortgage assistance relief provider.


In 2012, as part of the Distressed Homeowner Initiative, a multi-agency federal enforcement crackdown, the FTC charged 11 companies and five individuals with running an illegal mortgage relief scheme, which operated under various names, including Prime Legal Plans.  Using Reaching U Network, a sham non-profit front, and a maze of other companies, the scheme reeled in consumers with false promises that enrollment would save their homes from foreclosure or result in lower mortgage payments.  The FTC obtained a court order shutting down the operation and freezing the defendants’ corporate and personal assets pending settlement of the case.

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