Press Esc to close
Friday 20 January 2017
News updated at 11:04 AM IST
Weather
Max: 27.6°C
Min : 15.8°C
In Bengaluru
Partially cloudy

Indian-American agrees to settle threatening charges

Washington, Oct 24, 2012 (PTI)
An Indian American, who is accused of using call centres in India to make threatening debt collector calls to people in the US, has agreed to pay an estimated USD 1,70,000 to settle the charges against him, a federal agency has said.

California-based Varang K Thaker, whose companies American Credit Crunchers and Ebeeze used to make calls from India to deceive, and threatened consumers into paying debts not owed by them, or which the companies were not authorised to collect, will turn over all of his assets to the US government, the Federal Trade Commission (FTC) said.

According to a FCT statement, the court order amounts to USD 5.4 million, which has been suspended because of Thaker's inability to pay. He and his company have been prohibited from debt collection.

In a charge sheet filed in February this year, FTC had alleged that consumers in the US received millions of collection calls from India, and in a two-year period, the operation took in more than USD 5 million from victims.

During this time, consumers filed more than 4,000 complaints with the FTC and state attorney generals about fraudulent debt collection calls. FTC alleged that the callers who worked with the defendants would contact consumers who previously had received or inquired about online payday loans.

Often posing as be law enforcement or other government authorities, the callers would falsely threaten to immediately arrest and jail consumers if they did not agree to make a payment on a supposedly delinquent payday loan. The FTC alleged that information submitted by consumers, who had applied online for these loans, found its way into the hands of the defendants, who used it to convince consumers that they owed them money.

Presenting themselves as local police department -- the 'Federal Department of Crime and Prevention' or simply a federal investigator -- the callers allegedly typically demanded more than USD 300 and sometimes as much as USD 2,000.

At other times, the callers also claimed to be filing a large lawsuit against the consumer, or threatened to have the consumer fired from his or her job, FTC said. The consumers actually did not owe money to defendants. Either the payday loan debts did not exist or the defendants had no authority to collect them because they were owed to someone else, the FTC alleged.

 

Go to Top

Photo Gallery
Bollywood actress Soha Ali Khan taking selfie with the newly launched Samsung C9 Pro mobile...

Bollywood actress Soha Ali Khan taking selfie with the newly launched Samsung C9 Pro mobile...

Camel-mounted BSF soldiers participate in rehearsal for the Beating Retreat ceremony...

Camel-mounted BSF soldiers participate in rehearsal for the Beating Retreat ceremony...

Students form a human chain to display VOTE at an awareness campaign Jalandhar...

Students form a human chain to display VOTE at an awareness campaign Jalandhar...

Children holding national flags as they ride on a modified motorcycle ahead of the Republic...

Children holding national flags as they ride on a modified motorcycle ahead of the Republic...

Workers busy installing flower pots as part of the Republic Day Flower show at Glass House...

Workers busy installing flower pots as part of the Republic Day Flower show at Glass House...

Workers busy installing flower pots to make Peacock shape as part of the Republic Day Flower show...

Workers busy installing flower pots to make Peacock shape as part of the Republic Day Flower show...

The final touch work is going in full swing at as part of the Republic Day Flower show at Glass...

The final touch work is going in full swing at as part of the Republic Day Flower show at Glass...

Jagjot Singh Rubal, an Indian artist, gives final touches to a portrait...

Jagjot Singh Rubal, an Indian artist, gives final touches to a portrait...

Members of Hindu Sena, a right-wing Hindu group, place a garland on an poster...

Members of Hindu Sena, a right-wing Hindu group, place a garland on an poster...

PWD labourers paint the statue of Netaji Subhash Chandra Bose at Shymabazar in Kolkata...

PWD labourers paint the statue of Netaji Subhash Chandra Bose at Shymabazar in Kolkata...

Like us on Facebook

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523