The Federal Trade Commission (FTC) has taken legal action against Georgia-based debt collector Global Circulation, Inc. (GCI) and its owner, Kenneth Redon III, accusing them of tricking consumers into paying more than $7.6 million in bogus debt.
The FTC alleged that the company used unlawful tactics, including threatening consumers with jail time and harassing their family members, to collect debts that either didn’t exist or weren’t legally collectible, according to an agency press release on Nov. 4.
In response to the FTC’s complaint, a federal court temporarily halted GCI’s operations and ordered the company to turn over its assets to a court-appointed receiver while the lawsuit proceeds….