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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. In October, 2021 the FTC returned $772,512 to consumers who were targeted by the defendants.