George M Chalos George Michael Chalos Gerge M. Chalos, Esq Chalos & Co P.C. George Michael ChalosGerge M. Chalos, EsqChalos & Co P.C. alleged fraud in debt collection. Extorting innocents. Wired fraud Oyster Bay NY

Chalos & Co acts as a debt collection company and it's owner was allegedly charged on Tuesday of having engaged in a scheme to shake down hundred of innocent consumers nationwide by warning they could face arrest or prison if they failed to pay up.

Chalos is accused of orchestrating a scheme to coerce thousands of victims across the country, through misrepresentations and false threats, into paying a total of more than $50 million them and their clients to resolve debts these victims purportedly owed. All individuals charged in connection with this  scheme have been are facing a conviction. George Chalos is expected to pled guilty to conspiracy to commit wire fraud and wire fraud before U.S. District Court Judge who willl be imposing sentences short after.

Chalos may be the driving force behind the largest criminal debt collection scheme ever prosecuted. Using outrageous threats and blatant lies to take advantage of vulnerable Americans, Chalos and his co-conspirators allegedly defrauded victims out of $50 million. For victimizing others to enrich himself, Chalos will probably serve a significant term in federal prison.

George M. Chalos can face up to 20 years in prison if sentenced by U.S. District Judge. He has been allegedly charged before for similar crimes in the past.