As reported by the AP and The Houston Chronicle, the State of New York shut down a Buffalo, New York company run by felons. The company operated under a number of names, including Final Claims Asset Locators, and it was run by a former drug dealer named Tobias Boylan that goes by the moniker, "Bags of Money". The company was terrifying people into paying money by stating that the police were being sent over to their house then to throw them in jail. In one recorded phone call the collector was heard saying, “Make sure you have somewhere for your kids to go. Lock up your house. Get some clean clothes, because you’re not coming home anytime soon."
This is obviously an interesting public interest story, but whether run by felons or more reputable sorts, the truth of the matter is that collection agencies are constantly engaging in this type of strange innuendo that is intended to deceive the person with whom they are dealing. There should also be a concern about the propriety of companies that provide the business to these collectors.
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