The Colorado Attorney General has filed suit against a Florida-based debt collection agency accused of using forged bank documents in the state.
On December 10 the Denver Business Journal reported that Colorado Attorney General John Suthers has filed a civil lawsuit on behalf of state consumers, alleging fraudulent acts by an out-of-state debt collection company and its local business associates. Filed in Denver District Court, the suit names United Credit Recovery (UCR) of Florida, UCR’s director Leonard Potillo, and two north-Denver debt collection entities, GTF Services and Standley & Associates, as defendants.
Suthers alleges that UCR forged bank documents and deceived banks and consumers as part of its fraudulent debt collection practices.
In the complaint, the full text of which is available here, Suthers claims that,
UCR faked bank officer signatures on documents to orchestrate a debt-for-sale scheme from which they handsomely profited…. The scheme involved thousands of individual accounts totaling tens of millions of dollars. (“Colorado Attorney General Sues Debt Collectors, Alleging They Forged Bank Documents.”)
According to the Attorney General, UCR bought debt from Wells Fargo & Co. and US Bank, then used account information generated by the banks to produce fake records of consumer debt. UCR thereafter profited by reselling the bogus debt detailed in these faked affidavits to third-party debt collection agencies, including the two Colorado-based companies also named in the suit.
Among these, GTF Services allegedly employed the false affidavits to file some 300 debt-related lawsuits using the law firm of Standley & Associates. These allegedly fraudulent affidavits have since appeared in Colorado court, and have been used as validation for the collection of monies from numerous Colorado consumers.
Attorney General Sutter has vowed to win full compensation for all state consumers who may have been victimized by the allegedly fraudulent activities of UCR and the associated defendants.
Coloradans who believe they may have been defrauded by the defendants, or who are interested in locating further resources related to consumer protection in the state, can find a number of useful links at the Colorado Attorney General’s Office website by clicking here.