BOCA RATON, FL (BocaNewsNow.com) — Customers who believe they were duped by United Financial Systems, a debt consolidation company in Boca Raton, may be in line to receive a refund.
Florida Attorney General Pam Biondi says her office reached a settlement with United Financial Systems which resolves the state’s investigation into the company’s alleged failure to provide refunds that were promised to customers.
The agreement opens up a $595,000 pool to approximately 500 consumers.
According to a media release from the AG’s office:
“The people who sought financial relief from this debt consolidation company were already facing difficult financial times, which were exacerbated when the company failed to refund their money. I am pleased that we are helping 500 consumers receive nearly $600,000 in restitution,” Attorney General Pam Bondi stated.
The settlement agreement provides a strict enforcement mechanism such that any failure to make timely payments by United Financial Systems will result in a court ordered judgment against the company and its principals for the full amount of refunds due plus an additional $500,000 in civil penalties. The settlement also precludes the company and its representatives from engaging in credit counseling, debt management or debt consolidation in Florida.
The settlement monies will be distributed to the defrauded consumers by the Office of the Florida Attorney General in two payments: a partial payment March 31, 2012, and a final pro rata payment Sept. 30, 2012. All affected consumers must submit a sworn affidavit documenting the amount of their loss postmarked by January 20, 2012.
Any consumers who were defrauded by United Financial Systems should contact the Florida Attorney General’s Office immediately if they have not submitted an affidavit in this matter. Consumers can download an affidavit format http://www.MyFloridalegal.com/UnitedFinancialSystems. The website will be routinely updated with new and relevant information. Alternately, consumers can obtain an affidavit or additional information by contacting the Economic Crimes Division directly at (954) 712-4600 or FTL.EC@myfloridalegal.com.
Content copyright © 2021 Metro Desk Media, LLC. All Rights Reserved. We vigorously protect our intellectual property and journalistic product. Broadcast stations must credit BocaNewsNow.com on air. Print must refer to BocaNewsNow.com. Online must link to BocaNewsNow.com. We have agreements with several organizations. Contact news (at) bocanewsnow.com. Call 877-5FL-NEWS. Arrest reports are police accusations. Guilt or innocence is determined in a court of law.
The Latest From BocaNewsNow.com
- Rental Assistance Offered By City of Boynton Beach
- Florida Residents Scammed By Former NFL Player Says DOJ
- BOCA POLICE: Teen Uses Stolen Credit Card But Her Real Address, Is Busted
- New Voting Rules: Palm Beach County Holds Town Hall Meeting Thursday
- KINSA: Palm Beach County Almost In “Green” COVID Zone
- POLICE: Sexual Predator Moves To West Boca Raton
- SILENCE: Emmitt Smith, The Boca Raton Silent On “Go Pink” Controversy
- REVEALED: We Have New Palm Beach School Superintendent’s Salary
- UPDATE: Delray Man Added Police Lights To Explorer, Pulled Over Cars In Boca Raton