LAWSUITS NEWS & LEGAL INFORMATION
Joshua Rausch, Capital Acquisitions and Management Corp
Joshua Rausch, Capital Acquisitions and Management Corp
IL: (Mar-13-07) The Federal Trade Commission booked charges against Joshua Rausch and several others, including Capital Acquisitions and Management Corp. ( CAMCO ) and its largest creditors, with regard to debt collection, alleging that Rausch was guilty of illegal debt collection practices and that he threatened and harassed consumers to get them to pay old, unenforceable debts or debts they did not owe. In a settlement reached, Joshua Rausch is prohibited from engaging in debt collection activities or assisting others engaged in debt collection activities. He will have to pay the FTC $1 million as ill gotten gains and for violating the Federal Trade Commission Act and the Fair Debt Collection Practices Act. [Legal Help
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