WASHINGTON, D.C. — In a recent move to redress consumer harm, the Federal Trade Commission (FTC) has distributed over $222,000 to victims of a fraudulent mortgage relief operation known as Lanier Law. This action marks a significant step in the FTC’s ongoing efforts to protect homeowners from deceptive practices.
The scheme, which promised to lower monthly mortgage payments, collected hefty upfront fees from unsuspecting homeowners but failed to fulfill its promises. The FTC first targeted Lanier Law in 2014, during a coordinated law enforcement sweep alongside federal and state agencies. This initiative led to a 2016 court ruling that banned the defendants from engaging in debt relief operations. Additionally, Michael W. Lanier, one of the scheme’s key figures, was disbarred as part of the legal proceedings.
In this latest development, the FTC sent checks to 322 affected consumers. Those receiving refunds are advised to cash their checks within 90 days. For inquiries, consumers can reach out to the refund administrator, Analytics, at 866-590-8211 or visit the FTC website for more information. Importantly, the FTC emphasizes that it never asks for payment or personal account details to process a refund.
As regulatory efforts continue, consumers are urged to remain cautious and informed about the practices of debt relief services.
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