New York AG James Shuts Down Illegal Debt Collection Business In WNY

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BUFFALO (WENY) – New York Attorney General Letitia James is shutting down an illegal debt collection business operating out of Western New York.

According to WKBW, the AG came to an agreement with Buffalo-based debt collector Andrew Fanelli and his companies — Northwood Asset Management Group LLC, Pinnacle Asset Recovery Group LLC, and Koalaty Pay LLC.








The agreement permanently bans them from dealing with any further debt collection.

Fanelli is also required to dissolve all his companies within six months and $1.2 million must be paid to the OAG in restitution and penalties.









The AG says call recordings show the company used illegal tactics to collect debt which included fake threats of criminal action, wage garnishment, driver’s license suspension and lawsuits.

James says anyone who was the subject of these acts may be entitled to restitution.















To file a complaint, click here.

 

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