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Palisades aka Powersafe under criminal endictment

Date: Mon, 02/02/2009 - 12:06

Submitted by anonymous
on Mon, 02/02/2009 - 12:06

Posts: 202330 Credits: [Donate]

Total Replies: 8


"Palisades was a key player in a long-running scheme with a multi-convicted criminal named Orazio Lembo. He would pay bank employees from Bank of America, Commerce Bank, Wachovia, PNC and several others for personal information, including the social security numbers, of account holders. There were more than 675,000 names in all. Palisades, aka Asta Funding, disguised as a New Jersey law firm named Pressler & Pressler, bought the stolen information, along with several other collection firms, and then used it to harass these peoples about out of date debts which legally cannot be collected."

The rest of the above article:
[link removed to comply with posting regulations, however if you googe the first few lines of the above text, you should be able to find it]

Why isn't more being done to stop these obvious criminals?


Thanks Mate!

Here is a bit more of that news story Kenagain posted.

"Palisades, aka Asta Funding was ranked the absolute worst in customer service amongst competing collection agencies. Furthermore, they are proven crooks. Now, every collection agency has their share of disgruntled debtors that lash out. Palisades collection agency however, has lawsuit after lawsuit filed against them by those disgruntled consumers as well as the Federal Trade Commission itself."

"Numerous complaints emerged to the Department of Banking and Insurance against Palisades Collection Agency and attention was granted to them stopping the conspiracy. Prosecuting attorneys in New Jersey called the acts: "crimes that would make Al Capone blush." The official charges lodged against Palisades were called Grand Larceny - multiple counts."


lrhall41

Submitted by on Mon, 02/02/2009 - 23:46

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This is an old article and the crime continues. So lets hope and pray they are completely shut down in the near future. They are obviously breaking the law and NJ has to stop looking the other way. NJ's AG is worthless. Everyone knows about P&P and still our ELECTED politicians do nothing. Who's getting paid off? Scott Mills is suing them for 2 million so lets see how that works out first.


lrhall41

Submitted by on Tue, 02/03/2009 - 12:45

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My wife started getting calls from Powersafe Collections. They are looking for someone else. They call her numerous times a day. I tried to contact them and there is no way to talk with a person. I called the FTC they said it might be some kind of a Pshing for information. Now I find out that they are just a bunch of assholes! They need to be put out of business and maybe even arrested!


lrhall41

Submitted by on Fri, 09/25/2009 - 07:46

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