The attorney General for New York and the Federal Trade Commission recently filed a complaint against Hylan Asset Management and owners Andrew Shaevel and Jon E. Purizhansky for setting up a scam that included selling lists of fake debts to debt collectors who turned around and collected on those debts. Hylan sold fake debts to several debt collectors, including Worldwide Processing Group which then illegally collected on them.

The story makes it seems like this is a unique situation, but the reality is that a significant portion of all debt collection is illegal or completely a scam of some sort. Buying and selling of large debt portfolios is typically filled with fraud and there is little in the way of accountability of verification. Bottom line, the debt collection industry is the lowest filthiest, scummiest industry in America today and that is not easy to accomplish. If you get contacted by a debt collector, make note of the call, screenshot the number, ask for the name of the person calling you, the name of the company and don't give them any personal information. The contact me immediately and we will look into it for you.