Hylan Asset Management, LLC

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Federal Trade Commission and People of the State of New York, by Eric T. Schneiderman, Attorney General of the State of New York, Plaintiffs, v. Hylan Asset Management, LLC, a New York limited liability company; Worldwide Processing Group, LLC, a New York limited liability company, also doing business as Worldwide Processing, also doing business as Forward Movement Recovery, and also doing business as FMR; Frank A. Ungaro, Jr., individually and as a corporate officer of Worldwide Processing Group, LLC; and, Andrew Shaevel, individually and as a corporate officer of Hylan Asset Management, LLC, Defendants.
FTC Matter/File Number:

162 3188

X180037

Civil Action Number:

1:18-cv-00710-LJV

Enforcement Type:

Federal Injunctions

Federal Court:
Western District of New York

Case Summary

The defendants behind a New York-based debt collection scheme will be permanently banned from the debt collection industry under a settlement with the Federal Trade Commission and the New York Attorney General, who alleged that the defendants bilked consumers out of millions of dollars by brokering and collecting on fake debts that people did not owe.