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ARTICLE · 04 NOVEMBER 2026

Federal Court Shuts Down Debt Relief Service Based On FTC Allegations

Ballard Spahr LLP
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A federal court has issued a $106.8 million default judgment against Accelerated Debt Settlement Inc. and related entities, permanently banning them from the debt relief industry after the FTC alleged they impersonated banks, credit card companies, and government agencies to defraud seniors and veterans. The defendants falsely promised to reduce consumers' debts by 75% or more while collecting illegal advance fees, leading to court-ordered asset seizures and consumer redress provisions.

United StatesConsumer Protection
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A federal court has shut down a debt relief service that the FTC alleged targeted seniors and veterans by impersonating banks, credit card companies and government agencies.

A $106.8 million default judgment entered in the U.S. District Court for the District of Arizona bans Accelerated Debt Settlement Inc., ADS Resolve LLC, Financial Solutions Group LLC, Unified Capital Services LLC, Mediwerks, Resolution Specialists LLC and Futura Capital and individual defendants from working in the debt relief industry.

“Targeting seniors and veterans, pretending to be entities they know and trust, and then robbing them of their hard-earned money is egregious behavior,” Christopher Mufarrige, Director of the FTC’s Bureau of Consumer Protection said. “The FTC will continue to take action against impersonation and illegal debt relief schemes.”

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