• Report: #97256
Complaint Review:


  • Submitted: Thu, July 01, 2004
  • Updated: Thu, July 01, 2004

  • Reported By:elysburg Pennsylvania
PO BOX 5087rockford Il. 611250247 Rockford, Illinois U.S.A.

CAMCO Capital Acquisitions and Managment FTC. gov requires CAMCO to pay a $300,000 civil penalty. Rip-off! Rockford Illinois

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Good News for those who have been harassed by CAMCO
Found at ftc website.

The FTC - Federal Trade Comission - of United States
alleges CAMCO, RM Financial, and their Principals Violated Fair Debt Collection Practices Act.
According to the article The FTC now requires the companies and their principals to pay a $300,000 civil penalty and FTC alleges that CAMCO Capital Acquirements is acting ilegally.

Read bellow the text extracted from the article released
at http://www.ftc.gov/opa/2004/03/camco.htm

March 24, 2004
"... Companies that the Federal Trade Commission alleges have threatened and harassed thousands of consumers to get them to pay old, UNENFORCEABLE debts or debts they did not owe have agreed to settle charges that their abusive and deceptive collection practices violated federal law.

The settlement prohibits the companies' alleged abusive debt collection practices in the future, require disclosures to consumers of their rights in the companies' collection notices and communications with consumers, and requires the companies and their principals to pay a $300,000 civil penalty..."



The Related documents (USA v. CAMCO) avaiable at FTC.gov are: http://www.ftc.gov/os/caselist/0223222/0223222camco.htm

You need the free "Acrobat reader" from www.adobe.com to
read any PDF files.


----->Justice works <--------------
Seeing is beliveing - see for yourself. http://www.ftc.gov/os/caselist/0223222/0223222camco.htm

You will find this:

United States of America, v. Capital Acquisitions and Management Corp., a corporation;
RM Financial Services, Inc., a corporation;

Reese Waugh, individually and as an officer Of Capital Acquisitions and Management Corp. and RM Financial Services, Inc. Jerome Kuebler, individually and as an officer of Capital Acquisitions and Management Corp.;

Scott R. Franson, individually and as an owner and manager of Capital Acquisitions And Management Corp.;
and Mario Bianchi, Individually and as a manager of Capital Acquisition & Management Company, defendants.,

(United States District Court for the Northern District of llinois Western Division), FTC File No. 022 3222;
Civil Action No. 04 C 50147
Font: www.ftc.org website.

northumberland, Pennsylvania

This report was posted on Ripoff Report on 07/01/2004 12:20 PM and is a permanent record located here: http://www.ripoffreport.com/reports/camco-acquisitions/rockford-illinois-611250247/camco-capital-acquisitions-and-managment-ftc-gov-requires-camco-to-pay-a-300000-civil-97256. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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