|Ace Group, Inc. a Delaware corporation, also d/b/a American Credit Experts, Inc., The Ace Group, Inc., The Ace Group, and Ace, Legal Credit Repair Center, Inc., a Florida Corporation, also d/b/a LCRC, Michael Singer, Melvin Kessler, and Gerald Roth
||Federal Trade Commission
||United States District Court Southern District of Florida
||$21 million judgment, suspended as long as defendants Singer and Roth pay $5,000 each
||The FTC announced a settlement with defendants whom the FTC alleged promised to remove negative but accurate credit items, including bankruptcy, for an initial fee of $59.95 and monthly fees of $59.95. Dispute letters sent to credit reporting agencies by defendants failed to improve credit reports. As part of the settlement, the defendants are barred from violating the Credit Repair Organizations Act by charging advanced fees or claiming they can permanently remove negative items.
||Federal Trade Commission et al v. The Ace Group,Inc. et al.