FTC Fraud / Loan Modification Fraud
The Federal Trade Commission (FTC) is the government agency that regulates commerce and enforces consumer protection laws. If you have been charged with FTC fraud, speak to a criminal defense attorney about your options.
Contact Rothman & Associates in Miami today to schedule a consultation.
FTC Fraud
FTC fraud can encompass a variety of individual crimes that affect the consumer. It usually involves misrepresentation of information to get a consumer to purchase a product or invest money. Some of those misrepresentations could include:
- False claims in advertising or marketing
- Billing fraud
- Guaranteeing results
- Providing "insider's information" to get consumers to invest
The Federal Trade Commission may get involved if a business has misrepresented facts or provided false information to consumers. FTC fraud may be prosecuted civilly or criminally. Depending on the severity of the offense and the amount of money involved, an individual could be facing significant penalties.
Loan Modification Fraud
In recent years, companies offering loan modification services have become more and more common. In light of the recent housing and mortgage crises, loan modification fraud has become a highly prosecuted crime. This crime can involve the use of deceptive acts to get consumers to sign up for loan modification services:
- Guaranteeing a specific interest rate
- Guaranteeing a particular monthly payment
The penalties for loan modification fraud can be severe, including significant time in prison. The fraud defense attorneys of Rothman & Associates have a unique understanding of mortgage fraud charges, and can work with you to explore your defense options.
Find out more about:
- Mortgage fraud
- Accounting, bank and wire fraud
- Foreign Corrupt Practices Act
- Money laundering and structuring
If you are under investigation for FTC fraud, or have already been charged, contact a lawyer to discuss your legal options.
