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Sham Mortgage Relief Biz Cost Borrowers Millions: Feds

The Federal Trade Commission and the California Department of Financial Protection and Innovation have announced legal action against various companies and their owners who, the regulators claim, ran a sham mortgage relief operation that bilked borrowers out of millions.

FTCThe FTC and DFPI claim that the companies (which do business as Home Matters USA, Academy Home Services, Atlantic Pacific Service Group, and Golden Home Services America) and their owners Dominic Ahiga and Roger Scott Dyer charged thousands based on false mortgage modification promises.

The defendants sometimes even represented they were involved with government COVID-19 relief programs, according to the two agencies, which are bringing their first-ever joint case.

Read the full announcement.

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