NY debt-settlement agency charged with fraud - FOX 10 News | fox10phoenix.com

NY debt-settlement agency charged with fraud

Posted: Updated:

NEW YORK (AP) - Federal prosecutors say a New York City company that advertised debt-settlement services actually defrauded debt-ridden individuals out of millions of dollars.

U.S. Attorney Preet Bharara of the Southern District of New York says Mission Settlement Agency, its owner Michael Levitis and three employees have been charged with mail and wire fraud.

Prosecutors say the defendants scammed more than 1,200 victims by lying about Mission's fees. They say Mission employees also lied about the debt-reduction results they supposedly achieved for customers.

The indictment against the company, Levitis and three employees is being announced Tuesday.

A woman who answered the phone at Levitis' Brooklyn home said he had no comment.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Your MoneyMore>>

  • Some fear auto industry returning to bad habits

    Some fear auto industry returning to bad habits

    Tuesday, September 2 2014 3:29 PM EDT2014-09-02 19:29:56 GMT
    Big discounts. Six- or seven-year loans, in some cases to buyers who would have been turned down in the past.  As the auto industry strives to sustain its post-recession comeback, car companies are resorting to tactics that some experts warn will lead to trouble down the road.
    Big discounts. Six- or seven-year loans, in some cases to buyers who would have been turned down in the past.  As the auto industry strives to sustain its post-recession comeback, car companies are resorting to tactics that some experts warn will lead to trouble down the road.
  • Business is good at Coney Island

    Business is good at Coney Island

    Friday, August 29 2014 10:22 PM EDT2014-08-30 02:22:32 GMT
    From the brand-new Thunderbolt roller coaster to the world-famous boardwalk, tourists and business owners alike say Coney Island had a great ride of its own this summer. Toms Coney Island's general manager Vasilios Tourlokas says the mild summer impacted his boardwalk business in the best way possible: a 10 to 15 percent increase.
    From the brand-new Thunderbolt roller coaster to the world-famous boardwalk, tourists and business owners alike say Coney Island had a great ride of its own this summer. Toms Coney Island's general manager Vasilios Tourlokas says the mild summer impacted his boardwalk business in the best way possible: a 10 to 15 percent increase.
  • NYC Denny's features $300 breakfast

    NYC Denny's features $300 breakfast

    Friday, August 29 2014 4:04 PM EDT2014-08-29 20:04:13 GMT
    Diner chain Denny's is opening it's first New York City location, complete with a big-city "deal".   How does a $300 breakfast sound?    The Denny's is located at the corner of Nassau and Spruce in Lower Manhattan's Financial District.  Along with its normal food you can get at just about any location in the rest of the country, this location will offer a Grand Slam breakfast with a bottle of 2003 Dom Perignon champagne.
    Diner chain Denny's is opening it's first New York City location, complete with a big-city "deal".   How does a $300 breakfast sound?    The Denny's is located at the corner of Nassau and Spruce in Lower Manhattan's Financial District.  Along with its normal food you can get at just about any location in the rest of the country, this location will offer a Grand Slam breakfast with a bottle of 2003 Dom Perignon champagne.
  • New York State NewsNew York State NewsMore>>

  • Marijuana's hazy contribution to highway deaths

    Marijuana's hazy contribution to highway deaths

    Tuesday, September 2 2014 5:54 AM EDT2014-09-02 09:54:40 GMT
    Public officials and safety advocates worry there will be more drivers high on pot and a big increase in traffic deaths as states liberalize marijuana laws. It's not clear, though, whether those concerns are merited. Researchers are divided on the question. Studies of marijuana's effects show the drug can slow decision-making, decrease peripheral vision and impede multitasking. 
    Public officials and safety advocates worry there will be more drivers high on pot and a big increase in traffic deaths as states liberalize marijuana laws. It's not clear, though, whether those concerns are merited. Researchers are divided on the question. Studies of marijuana's effects show the drug can slow decision-making, decrease peripheral vision and impede multitasking. 
  • Mom charged in girl's death could get trust fund

    Mom charged in girl's death could get trust fund

    Sunday, August 31 2014 5:06 PM EDT2014-08-31 21:06:06 GMT
    A New York special education teacher accused of killing her severely disabled 8-year-old daughter by withholding food and medical care could inherit nearly $1 million from the girl's trust fund.
    A New York special education teacher accused of killing her severely disabled 8-year-old daughter by withholding food and medical care could inherit nearly $1 million from the girl's trust fund.
  • Obama in Westchester for Democratic fundraisers

    Obama in Westchester for Democratic fundraisers

    Friday, August 29 2014 7:28 AM EDT2014-08-29 11:28:47 GMT
    President Barack Obama is going on a fundraising sweep through New York and Rhode Island as he continues to help Democrats raise money for November's elections. Obama headlines three events on Friday. Two in Westchester County, and the third is in Newport, Rhode Island. The New York fundraisers will benefit the Democratic National Committee, which is still paying off debt from the 2012 campaign season.
    President Barack Obama is going on a fundraising sweep through New York and Rhode Island as he continues to help Democrats raise money for November's elections. Obama headlines three events on Friday. Two in Westchester County, and the third is in Newport, Rhode Island. The New York fundraisers will benefit the Democratic National Committee, which is still paying off debt from the 2012 campaign season.

Powered by WorldNow

KSAZ-TV & KUTP
511 W. Adams St.
Phoenix, AZ 85003

Phone: (602) 257-1234
Fax: (602) 262-0177

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices