New York, NY – Debt-Settlement Agency Charged With Fraud

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    Preet Bharara, U.S. Attorney for the Southern District of New York points at a chart describing charges being brought against the debt settlement company Mission Settlement Agency, at a news conference in New York, May 7, 2013. REUTERS/Lucas JacksonNew York, NY – Federal prosecutors say a New York City company that advertised debt-settlement services actually defrauded debt-ridden individuals out of millions of dollars.

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    U.S. Attorney Preet Bharara of the Southern District of New York says Mission Settlement Agency, its owner Michael Levitis and three employees have been charged with mail and wire fraud.

    Prosecutors say the defendants scammed more than 1,200 victims by lying about Mission’s fees. They say Mission employees also lied about the debt-reduction results they supposedly achieved for customers.

    The indictment against the company, Levitis and three employees is being announced Tuesday.

    A woman who answered the phone at Levitis’ Brooklyn home said he had no comment.


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    4 Comments
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    bennyt
    bennyt
    10 years ago

    “A woman who answered the phone at Levitis’ Brooklyn home said he had no comment.” I didn’t know that a woman is a he.

    REALIST
    REALIST
    10 years ago

    FVNMS, If that was an option, I’m sure he’d have done it on his own.