I Need Help Now
Special Discounts For
Hurricane Victims!
Nowack & Olson, PLLC
South Florida
Bankruptcy Attorneys
Free Consultation

Florida debt relief company owes $9.9M for fraudulent practices

In recent years, many residents of Fort Lauderdale have faced financial challenges. Some of these citizens were able to scale back on their spending and make ends meet. Other people filed for bankruptcy in order to find relief from creditors. Still others hired debt relief companies to help them reduce their credit card debt. Unfortunately for some consumers in Florida, the company they hired was unable to live up to their promises.

A debt relief company and its three Florida-based principals have settled a complaint filed by the Federal Trade Commission (FTC). The FTC accused the company of misrepresenting its services and charging customers without their consent. According to the complaint, Innovative Wealth Builders, Inc. (IWB) promised to help customers with their credit card debt by reducing their interest rates. The company was unable to live up to these claims.

Another company, Independent Resources Network Corp. (IRN), is also being pursued for their part in the scam. The FTC alleges that IRN processed payments for IWB. This case is still in litigation. On the heels of the settlement with IWB, a judge has ordered the company to stop misrepresenting their financial services and to pay $9.9 million.

If you are struggling with overwhelming debt, it is important to remember that you have legal options. The worst thing you can do in this situation is to ignore the debt and let it continue to pile up. Bankruptcy can eliminate your debt and give you a fresh financial start. An attorney may be of assistance in this area.

Source: Consumer Affairs, “Fraudulent debt relief operating shuttered,” James Limbach, Sep. 11, 2013

No Comments

Leave a comment
Comment Information
Email Us For a Response

Let Us Help You

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Sunrise Office
8551 West Sunrise Blvd., Suite 208
Plantation, FL 33322

Toll Free: 888-813-4737
Phone: 954-349-2265
Plantation Law Office Map

Doral Office
8180 NW 36th St., Suite 102
Miami, FL 33166

Toll Free: 888-813-4737
Phone: 305-698-2265
Miami Law Office Map

Boca Raton & Delray Beach Office
6501 Congress Ave., Suite 100
Boca Raton, FL 33487

Toll Free: 888-813-4737
Phone: 561-463-2265
Boca Raton Law Office Map

Jupiter & Palm Beach Gardens Office
601 Heritage Dr., Suite 137A
Jupiter, FL 33458

Toll Free: 888-813-4737
Phone: 561-463-2265
Jupiter Law Office Map