Police are currently investigating a loan modification and debt consolidation business in Florida. The owners supposedly presented themselves to clients as attorneys but were not licensed attorneys at all. The Boca Raton company claimed to be an industry leader in foreclosure and pre-foreclosure litigation in South Florida.
According to authorities, the two men convinced homeowners to stop paying their mortgages and to ignore notices from their mortgage holders to let them negotiate with the lenders. The scheme tricked homeowners into paying high upfront monthly legal fees for legal services that were not performed or supervised by a Florida attorney.
Florida Attorney General Pam Bondi has also filed a lawsuit against these networks of fraudulent attorneys for the unlicensed practice of law. Bondi claims the network, which held itself out to be a group of 100 attorneys, posed as lawyers to take advantage of vulnerable clients. The people behind the scheme also duped inexperienced young attorneys into working for them, and the defendants even used real names of actual Florida attorneys without their knowledge. Continue reading →