Skip to main content

Tags:

Last Updated
Case Status
Pending
Federal Trade Commission, Plaintiff, V. Accelerated Debt Settlement Inc., a Wyoming Corporation, ADS Resolve LLC, a Nevada Limited Liability Company, Financial Solutions Group LLC, a Delaware Limited Liability Company, Unified Capital Services LLC, a South Dakota Limited Liability Company, Mediawerks, a Wyoming Corporation, Resolution Specialists LLC, a Nevada Limited Liability Company, Futura Capital, LLC, a Nevada Limited Liability Company, Jeffrey A. Lakes, in his Individual and Corporate Capacity, Robert Knechtel, in his Individual and Corporate Capacity, and Elizabeth Reaney, in her Individual and Corporate Capacity, Defendants.

Case Summary

In July 2025, at the Federal Trade Commission’s request, a federal court temporarily halted an alleged debt relief services scheme that targeted seniors, including veterans, using a wide range of deceptive conduct, including falsely impersonating consumers’ banks and credit card companies as well as government agencies.

In March 2026, the court entered stipulated orders with the three individual defendants—Jeffrey Lakes, Robert Knechtel, and Elizabeth Reaney—that ban them from the debt relief industry and require them to turn over their assets.

In October 2026, the court entered a default judgment of $106.8 million against corporate defendants Accelerated Debt Settlement Inc., ADS Resolve LLC, Financial Solutions Group LLC, Unified Capital Services LLC, Mediwerks, Resolution Specialists LLC and Futura Capital banning the corporate and individual defendants involved from the debt relief industry.

Case Timeline

PRESS RELEASE: Court Permanently Shuts Down Illegal Debt Relief Operation Following FTC Allegation That Scheme’s Operators Impersonated Government and Business Entities

Return to top