AmeriDebt Founder Settles Deception Charges
Andris Pukke, who was once called the "poster child" for bad credit counseling, has settled two lawsuits that accused him and his firms, AmeriDebt and DebtWorks, with deceiving financially strapped consumers into paying high fees and then using that money for expensive homes, vacations and cars. (Read the full story)
The settlement calls for Pukke's assets, including his multimillion dollar homes in California and Florida, to be sold and up to $35 million be placed in a special fund to be refunded to the 300,000 former AmeriDebt customers. The settlement of the two cases--one by the Federal Trade Commission, the other a national class-action lawsuit by former AmeriDebt and DebtWorks customers--must still be approved by a judge.
FTC officials yesterday said AmeriDebt customers do not need to file any paperwork to get the money; however, any customer who has moved may want to call the agency and give it the latest contact information. The FTC hotline number for AmeriDebt is 877-862-0886.
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Posted by: Intrepid Liberal | January 17, 2006 10:13 AM
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