Debt Collector NCO Financial Systems Claims to Have Been Defrauded By A Georgia Debt Collection Attorney Firm
July 17th, 2009. Published under Fraud, Scams. No Comments.
Talk about calling the kettle black. Karma sure has been kicking some serious butt in the debt collection industry lately! A national collections company has accused the Sandy Springs, Ga., law firm it hired to file collection actions for clients such as Capital One, American Express and Discover of fraud and other misdeeds. NCO Financial Systems claims in a suit filed July 1 in Atlanta’s federal court that it gave Trauner, Cohen & Thomas more than $1.3 million to reimburse the firm for fees relating to more than 15,000 collection lawsuits that were to have been filed to collect more than $100 million in outstanding debts. In addition to fraud, the suit alleges breach of contract, breach of fiduciary duty, unjust enrichment, negligence and negligent supervision and seeks an immediate accounting for all the suits, damages and attorney fees and costs. – read the full story on Law.com Personally I find this extremely funny from a personal point of view.
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Debt Collector NCO Financial Systems Claims to Have Been Defrauded By A Georgia Debt Collection Attorney Firm