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AmeriDebt Founder to Settle With the FTC
AP Online; Jan 9, 2006; ; 700+ Words ...founder of the credit counseling firm AmeriDebt on Monday agreed to pay $35 million...Federal Trade Commission claimed AmeriDebt Inc. deceived. Pukke, who made a...lawsuit filed against him by former AmeriDebt customers. The payment covers...
AmeriDebt founder settles with FTC over alleged hidden fees
AP Worldstream; Jan 9, 2006; ; 700+ Words ...founder of the credit counseling firm AmeriDebt on Monday agreed to pay $35 million...Federal Trade Commission claimed AmeriDebt Inc. deceived. Pukke, who made a...lawsuit filed against him by former AmeriDebt customers. The payment covers...
AmeriDebt, founder Pukke face fraud lawsuit
Charleston Gazette; Jan 9, 2006; ; 700+ Words ...was instead a "contribution" to AmeriDebt. For the next two years, she...fees to the Germantown-based AmeriDebt Inc., once one of the nation's...from the debtors who signed up. AmeriDebt and a for-profit sister enterprise...
Regulators Say AmeriDebt's Bankruptcy Won't Affect Maryland Consumers.
Baltimore Sun (Baltimore, MD); Jun 8, 2004; 700+ Words ...Byline: Eileen Ambrose Jun. 8--AmeriDebt Inc.'s surprise bankruptcy filing...yesterday. Montgomery County-based AmeriDebt, in the business of helping consumers...Bankruptcy Court in Greenbelt, AmeriDebt said it had total assets of $8...
Large credit agency sued; AmeriDebt is accused of fraud.(NEWS)
Star Tribune (Minneapolis, MN); Nov 20, 2003; ; 700+ Words ...and the federal government sued AmeriDebt Inc., one of the nation's largest...of help for troubled consumers, AmeriDebt actually was run for the benefit...the suits say. More than 2,300 AmeriDebt clients in Minnesota and as many...
Credit Firm AmeriDebt Founder Faces Trial
AP Online; Jan 8, 2006; ; 700+ Words ...was instead a "contribution" to AmeriDebt. For the next two years, she...fees to the Germantown-based AmeriDebt Inc., once one of the nation's...from the debtors who signed up. AmeriDebt and a for-profit sister enterprise...
Credit Firm Ameridebt Founder Faces Trial
AP Online; Jan 8, 2006; ; 700+ Words ...was instead a "contribution" to AmeriDebt. For the next two years, she...fees to the Germantown-based AmeriDebt Inc., once one of the nation's...from the debtors who signed up. AmeriDebt and a for-profit sister enterprise...
AmeriDebt Founder Faces Trial Next Week; FTC Alleges Misuse Of Tax- Exempt Status
The Washington Post; Jan 2, 2006; ; 700+ Words ...defunct Germantown company AmeriDebt Inc., was scheduled to face...Additionally, the suits say, AmeriDebt funneled the fees to another...profit firm called DebtWorks Inc. that did the data processing for AmeriDebt and other credit counseling...
AmeriDebt, facing FTC scrutiny, agrees to shut down.
Standard-Examiner (Ogden, UT); Mar 22, 2005; 700+ Words ...in Washington. Maryland-based AmeriDebt Inc., posing as a non-profit organization...money on to creditors as promised, AmeriDebt diverted the profits to an affiliated...profit entity, DebtWorks, and to AmeriDebt's founder, Andris Pukke, the...
Founder of credit counselor AmeriDebt Inc. settles $172 million lawsuit.
Baltimore Sun (Baltimore, MD); Jan 10, 2006; 700+ Words ...Byline: Eileen Ambrose Jan. 10--AmeriDebt Inc. founder Andris Pukke yesterday...consumer advocates, Pukke and AmeriDebt became the face of all that was...appetite for easy credit grew. AmeriDebt was accused of charging high...
AmeriDebt Founder Settles With the FTC
AP Online; Jan 9, 2006; ; 564 Words ...founder of the credit counseling firm AmeriDebt on Monday agreed to pay $35 million...Federal Trade Commission claimed AmeriDebt Inc. deceived. Pukke, who made a...lawsuit filed against him by former AmeriDebt customers. The payment covers...
AmeriDebt Bankruptcy Threatens Settlement; FTC Is Challenging $8 Million Deal
The Washington Post; Jun 8, 2004; ; 662 Words ...that Germantown credit counselor AmeriDebt Inc. filed late last week may jeopardize...that have been lodged against AmeriDebt, including ones by the Federal...for- profit company, DebtWorks Inc. AmeriDebt was one of the nation's largest...
FEDERAL TRADE COMMISSION FILES COMPLAINT AGAINST AMERIDEBT.
Cardline; Nov 21, 2003; 700+ Words ...complaint also names DebtWorks Inc. and Andris Pukke, AmeriDebt's founder. Pukke also...acted as servicer for AmeriDebt's debt-management...filed complaints against AmeriDebt. Copyright 2003 Thomson Media Inc. All Rights Reserved...
Claim Against AmeriDebt Advances IRS Crackdown
The Washington Post; Sep 15, 2004; ; 691 Words ...million claim against AmeriDebt Inc. of Germantown in anticipation...executive Andris Pukke. AmeriDebt announced last October...profit company, DebtWorks Inc., said DebtWorks had...fair-market value for AmeriDebt's assets in 1999...
FTC SHUTS DOWN AMERIDEBT AND ORDERS IT TO PAY $170 MILLION IN RESTITUTION TO CLIENTS.(Federal Trade Commission)
Cardline; Mar 25, 2005; 700+ Words ...the FTC charged that AmeriDebt, rather than operating...including DebtWorks Inc. and Andris Pukke, AmeriDebt's founder and owner...years. At one time, AmeriDebt was the best known...2005 Thomson Media Inc. All Rights Reserved...
Analysis: Government suit against AmeriDebt for deceptive marketing to defraud its customers
NPR Morning Edition; Nov 20, 2003; ; 592 Words ...Analysis: Government suit against AmeriDebt for deceptive marketing to...addition to seeking to block AmeriDebt from misrepresenting the fees...were deceived by the company. AmeriDebt, which touts itself as `the...2003 National Public Radio, Inc. All rights reserved.
AmeriDebt Founder's Wife Settles FTC Probe
The Washington Post; Dec 31, 2005; ; 700+ Words ...estranged wife of the founder of AmeriDebt Inc., a Germantown credit...hundred dollars. The FTC said AmeriDebt was created to make money...profit company, DebtWorks Inc. After signing up with AmeriDebt, a customer's account was...
AmeriDebt to Stop Taking New Customers
The Washington Post; Oct 24, 2003; ; 656 Words AmeriDebt Inc., a controversial Germantown nonprofit...of credit-counseling firms -- and AmeriDebt in particular. They are concerned that...for its debt-consolidation program. AmeriDebt has been repeatedly criticized by consumer...
MISSOURI ATTORNEY GENERAL SUES AMERIDEBT.(Brief Article)
Cardline; Sep 19, 2003; 659 Words ...money goes to creditors, but AmeriDebt keeps an undisclosed amount...spokesperson says. In a statement, AmeriDebt said it was "both disappointed...a similar lawsuit against AmeriDebt in February. Copyright 2003 Thomson Media Inc. All Rights Reserved. http...
Md. Denies Nonprofit License to AmeriDebt; Credit Counselor Under Investigation
The Washington Post; Apr 7, 2004; ; 611 Words ...Maryland regulators have rejected AmeriDebt Inc.'s application to operate as...Germantown debt-management group. AmeriDebt was one of the nation's largest...misusing their nonprofit status. AmeriDebt's practices have attracted much...
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