Mission Settlement Agency Indicted In the Consumer Financial Protection Bureau’s first criminal referral, the Mission Settlement Agency, its manager Michael Levitis, and three employees have been indicted in Manhattan District Court. The debt-settlement company is accused of defrauding more than 1,200 people struggling with credit-card debt. The Manhattan District Attorney, Preet Bharara, announced the unsealing of the indictment on May 7, 2013; his office says the defendants “systematically exploited and defrauded” people across the country. “Preying upon the financial desperation of individuals struggling to pay their credit card debts, the defendants falsely and fraudulently tricked over a thousand such individuals [...]
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