Debt relief scammer agrees to pay $7.9 million
The Federal Trade Commission has announced that the head of a sham debt relief operation agreed to a judgment of more than $7.9 million to settle Commission charges that he deceived consumers and charged them thousands of dollars while providing nothing in return. The FTC filed a complaint against DebtPro 123 LLC in May 2014, alleging that Bryan Taylor and three other individuals, together with DebtPro LLC and five other companies marketed their bogus debt relief services through telemarketing calls, website ads, promotional videos and marketing companies that acted as lead generators. In the proposed stipulated order against Bryan Taylor, which imposes a judgment representing the total amount of consumer harm – more than $7.9 million – Taylor admits to the allegations made against him in the FTC’s complaint.
The proposed orders against codefendants Ryan Foland, Stacey Frion , and Kara Taylor impose the same judgment, which will be suspended upon the surrender of certain assets by Foland. The full judgments will become due immediately if Foland, Frion or Kara Taylor are found to have misrepresented their financial condition. The FTC is seeking default judgments against the six corporate defendants: DebtPro 123 LLC, Allstar Processing Corp., Allstar Debt Relief LLC, Allstar Debt Relief LLC, Redwave Management Group Inc., and BET Companies Inc.