As part of its ongoing efforts to crack down on unscrupulous debt collectors, the Federal Trade Commission has accused a North Carolina company of running a “phantom” debt collection scheme that went after people for money that they did not actually owe.The FTC announced today that it had filed a complaint accusing ACDI Group LLC and Solutions to Portfolios …
NYS Entity Status
NYS Filing Date
OCTOBER 29, 2013
NYS DOS ID#
NYS Entity Type
FOREIGN LIMITED LIABILITY COMPANY
2013 - DISTRICT SETTLEMENT SERVICES, LLC
AROUND THE WEB
- Debt Collector Accused Of Taking Money From People Who Didn’t Owe Anything
By Ashlee Kieler - Friday Jun 23, 2017
- Do Restaurants And Businesses Owe Service To Nazis?
By Mark Shrayber - Thursday Aug 17, 2017
Now is the time to stand up and be counted.
- Colorado bus aide sentenced for assaulting autistic student
By JAMES ANDERSON, Associated Press - Friday Aug 25, 2017
BOULDER, Colo. (AP) — Over six days, Shiva Rai was kicked and hit, sprayed in the face with aerosol disinfectant, berated and told he was disgusting by an aide on a bus serving a Colorado school for autistic students.On Friday, the aide, 52-year-old Monica Burke, was sentenced to 20 months in jail and five years' probation after she pleaded guilty in July to assaulting an at-risk person. She also was ordered to perform 360 hours of community service.The punishment came after Rai's family reached a $3.85 million settlement from the St. Vrain Valley School District, which had employed Burke, family attorney Qusair Mohamedbhai said.
- What VW drivers should know about the giant emissions settlement
By Kathleen Pender - Wednesday Jun 29, 2016
What VW drivers should know about the giant emissions settlementUnder the largest automotive class-action settlement in U.S. history, people who own or lease one of about 475,000 Volkswagen and Audi 2.0-liter diesel models designed to cheat emissions tests could sell their car back to the manufacturer or terminate their lease without penalty and receive cash restitution ranging from $2,634 to $9,852.Details of the settlement, which still requires approval by the U.S. District Court in San Francisco, were disclosed Tuesday by plaintiff’s attorneys and federal and state regulators.Under related settlements with the U.S. Environmental Protection Agency and California Air Resources Board, Volkswagen will pay $2.7 billion to support environmental programs and reduce emissions nationwide, including $380 million for programs in California.VW promoted its TDI models as “clean diesels,” but secretly installed devices and software that allowed them to pass emissions tests while spewing illegal levels of nitrogen oxide pollutants.The state air resources board “uncovered the fraud and figure out how it worked,” Chair Mary D. Nichols said in a press conference.The nearly $15 billion agreement is one of the swiftest and largest settlements of a complex class-action case, said San Francisco attorney Elizabeth Cabraser, the court-appointed lead counsel for VW owners.“I hope it will be a model for future resolutions in which private plaintiffs and government entities can work together to forge resolutions that, like this one, as a whole are greater than the sum of its parts,” she said.Owners who remain in the class will have the option of selling these cars back to the company or obtaining an approved emissions fix.[...] of whether they choose a repair or buyback, they also will get a cash payment equal to 20 percent of the vehicle’s value, plus $2,986.73 (subject to a minimum of $5,100).If you combine the trade-in and cash payments, total compensation for a buyback will range from $12,475 for a basic 2009 VW Jetta Sedan TDI to $44,176 for a loaded Audi A3 TDI Prestige, according to a court document posted at http://1.usa.gov/298cKRO.If an owner sold one of the tainted cars after Sept. 18, the current owner can get the buyback or repair and roughly half of the cash payment.The previous owner will get the rest of the cash payment, but must identify himself or herself within 45 days of preliminary approval, which could happen as early as July 26.People who sell an eligible car after June 28 (except back to the company) cannot participate in the settlement.People who had leased an eligible car with VW Credit as of Sept. 15 and remain in the class can terminate the lease without penalty or get it fixed.“I’m heartbroken that the fabulous, efficient, fun-to-drive, environmentally friendly car I thought I bought turns out to be a fraud,” said David Jones, a Peninsula resident who owns a 2011 Jetta Sportwagen TDI.The settlement does not cover about 100,000 late-model TDIs made by Audi and Porsche that also had emissions tampering.If preliminary approval is granted by the court, eligible owners can go www.vwcourtsettlement.com and enter their Vehicle Identification Number to see what their payment would be.In general, “any settlement you get for something other than personal physical injury or sickness is taxable,” said Mark Luscombe, principal federal tax analyst for Wolters Kluwer Tax & Accounting.Theoretically, owners who sold their cars back would not owe tax if the combined payment (trade-in plus cash payment) was less than their basis, which is generally what they paid for the car (or the depreciated basis if they used it in a business).
- Costco Owes Tiffany More Than $19 Million, Judge Rules
By CHRISTINA CARON - Tuesday Aug 15, 2017
A Federal District Court judge in New York has ordered the discount warehouse giant to pay Tiffany for using the jeweler’s name to market diamond rings.
- Fit City: Taking Night-Life Cue, Gyms Lower the Lights
By TATIANA BONCOMPAGNI - Tuesday Jun 13, 2017
Cycling, boxing and running studios, as well as some full-service gyms, are using sophisticated lighting systems to heighten the exercise experience.