Millions Are Hounded for Debt They Don’t Owe. One Victim Fought Back, With a Vengeance - Bloomberg


89 bookmarks. First posted by stantont 12 days ago.


Seems like a damaged man.
to_blog 
13 hours ago by ReadingGeorgeFox
Andrew Therrien wanted payback. He got it—and uncovered a conspiracy.
business  crime  debt  law 
3 days ago by soobrosa
This guy is a vigilante. Damn Therrien.
journalism 
4 days ago by shurane
Millions Are Hounded for Debt They Don’t Owe. One Victim Fought Back, With a Vengeance
from twitter
5 days ago by kejadlen
Millions Are Hounded for Debt They Don’t Owe. One Victim Fought Back, With a Vengeance via Instapaper http://ift.tt/2iu7HhC
IFTTT  Instapaper 
5 days ago by JanWillemSwane
Andrew Therrien wanted payback. He got it—and uncovered a conspiracy.
business  capitalism  corruption 
6 days ago by basemaly
Heck of a first sentence here (crazy story, too):
from twitter_favs
6 days ago by jessedavidson
On the morning a debt collector threatened to rape his wife, Andrew Therrien was working from home, in a house with green shutters on a cul-de-sac in a small…
from instapaper
6 days ago by adrian802
JFC between reading this and The Big Short this week my view of people is awfully low
debt  money  bank  loan  regulation 
7 days ago by cwinters
Finally, in December 2016, the FTC sued Tucker for selling phantom debt. According to the regulator, everything had happened pretty much as Therrien imagined: Tucker had invented more than 7.7 million fake debts and sold them to a series of middlemen for $4.2 million. This September, a judge ruled for the agency, ordering Tucker to pay back that money on top of the $30 million he already owed.
The FTC has never credited Therrien, and Michael Tankersley, an agency lawyer, declined to discuss their interactions. But Tankersley told me that Harsh and the California broker were two key sources of information establishing Tucker’s wrongdoing.
Therrien, as usual, was unsatisfied. He was still getting calls from collectors, for one thing. And he felt that if he’d done a better job investigating, Tucker would be facing criminal charges—not a civil fine he’d never end up paying. Therrien has stayed in touch with the FBI’s Kansas City office. An FBI spokeswoman declines to say whether Tucker is being investigated, but three of his associates told me that agents had contacted them about his debt sales.
crime  research  financial 
7 days ago by dominomaster
Wow, if this guy ever teams up with then then scammers of the world would all be wiped out.
from twitter
7 days ago by xyzzyb
On the morning a debt collector threatened to rape his wife, Andrew Therrien was working from home, in a house with green shutters on a cul-de-sac in a small…
from instapaper
7 days ago by alexdunae
Is there a nexus between fake debt collection and PII from financial institution breaches?…
from twitter_favs
8 days ago by josephprice
He started a spreadsheet, Scums.xlsx, to keep track.
weekly  dystopia 
8 days ago by twwoodward
https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iDP1EIywnbCc/v0/150x-1.jpg Therrien was interrupted midpitch by a call from his wife. She’d gotten a voicemail from an authoritative-sounding man saying Therrien was in some kind of trouble. “I need to verify an address to present you with your formal claim,” the man had said.
8 days ago by chillinmilan
Therrien was interrupted midpitch by a call from his wife. She’d gotten a voicemail from an authoritative-sounding man saying Therrien was in some kind of trouble. “I need to verify an address to present you with your formal claim,” the man had said. via Pocket
IFTTT  Pocket 
8 days ago by archizoo
Millions Are Hounded for Debt They Don’t Owe. One Victim Fought Back, With a Vengeance via
from twitter_favs
9 days ago by paulbalcerak
Dude good on the phone on a mission for revenge.
debt 
9 days ago by raygrasso
On the morning a debt collector threatened to rape his wife, Andrew Therrien was working from home, in a house with green shutters on a cul-de-sac in a small…
from instapaper
9 days ago by Aetles
On the morning a debt collector threatened to rape his wife, Andrew Therrien was working from home, in a house with green shutters on a cul-de-sac in a small…
from instapaper
9 days ago by indirect
On the morning a debt collector threatened to rape his wife, Andrew Therrien was working from home, in a house with green shutters on a cul-de-sac in a small…
from instapaper
9 days ago by aburgel
On the morning a debt collector threatened to rape his wife, Andrew Therrien was working from home, in a house with green shutters on a cul-de-sac in a small…
from instapaper
9 days ago by theory
On the morning a debt collector threatened to rape his wife, Andrew Therrien was working from home, in a house with green shutters on a cul-de-sac in a small…
Instapaper 
9 days ago by edmadrid
Therrien was interrupted midpitch by a call from his wife. She’d gotten a voicemail from an authoritative-sounding man saying Therrien was in some kind of trouble. “I need to verify an address to present you with your formal claim,” the man had said.
article 
9 days ago by mud
On the morning a debt collector threatened to rape his wife, Andrew Therrien was working from home, in a house with green shutters on a cul-de-sac in a small…
from instapaper
9 days ago by adamparnes
On the morning a debt collector threatened to rape his wife, Andrew Therrien was working from home, in a house with green shutters on a cul-de-sac in a small…
from instapaper
9 days ago by johnrclark
On the morning a debt collector threatened to rape his wife, Andrew Therrien was working from home, in a house with green shutters on a cul-de-sac in a small…
from instapaper
9 days ago by albinadev
On the morning a debt collector threatened to rape his wife, Andrew Therrien was working from home, in a house with green shutters on a cul-de-sac in a small…
from instapaper
9 days ago by rickschah
Therrien had been caught up in a fraud known as phantom debt, where millions of Americans are hassled to pay back money they don’t owe. The concept is centuries old: Inmates of a New York debtors’ prison joked about it as early as 1800, in a newspaper they published called Forlorn Hope. But systematic schemes to collect on fake debts started only about five years ago. It begins when someone scoops up troves of personal information that are available cheaply online—old loan applications, long-expired obligations, data from hacked accounts—and reformats it to look like a list of debts. Then they make deals with unscrupulous collectors who will demand repayment of the fictitious bills. Their targets are often poor and likely to already be getting confusing calls about other loans. The harassment usually doesn’t work, but some marks are convinced that because the collectors know so much, the debt must be real.
9 days ago by everbigger
On the morning a debt collector threatened to rape his wife, Andrew Therrien was working from home, in a house with green shutters on a cul-de-sac in a small…
from instapaper
9 days ago by flobosg
On the morning a debt collector threatened to rape his wife, Andrew Therrien was working from home, in a house with green shutters on a cul-de-sac in a small…
from instapaper
9 days ago by alexrudy
On the morning a debt collector threatened to rape his wife, Andrew Therrien was working from home, in a house with green shutters on a cul-de-sac in a small…
from instapaper
9 days ago by thecosas
On the morning a debt collector threatened to rape his wife, Andrew Therrien was working from home, in a house with green shutters on a cul-de-sac in a small…
from instapaper
9 days ago by breau
On the morning a debt collector threatened to rape his wife, Andrew Therrien was working from home, in a house with green shutters on a cul-de-sac in a small…
from instapaper
9 days ago by hybridsolidr
On the business of selling debt, and selling fake debt through the medium of single minded pursuit.
business  finance  grim-meathook-future 
10 days ago by mr_stru
On the morning a debt collector threatened to rape his wife, Andrew Therrien was working from home, in a house with green shutters on a cul-de-sac in a small…
from instapaper
10 days ago by wahoo5
Millions are hounded for debt they don’t owe. One victim fought back, with a vengeance https://t.co/Rp0x7twnAM via @BW

— Greg (@modern_ema) December 7, 2017
IFTTT  Twitter 
10 days ago by greihing
Money lenders in Ireland aren't as sophisticated as some of the scammers I saw threatening friends in the States:
from twitter
11 days ago by topgold
RT : Honestly, this guy should receive some sort of "American of the Year” award.
from twitter
11 days ago by jburnmurdoch
RT : Millions are hounded for debt they don’t owe. One victim fought back, with a vengeance via

discussion: https://news.ycombinator.com/item?id=15862278
debt  law  crime  from twitter
11 days ago by pronoiac
On the morning a debt collector threatened to rape his wife, Andrew Therrien was working from home, in a house with green shutters on a cul-de-sac in a small…
from instapaper
11 days ago by yudha87
Therrien was interrupted midpitch by a call from his wife. She’d gotten a voicemail from an authoritative-sounding man saying Therrien was in some kind of trouble. “I need to verify an address to present you with your formal claim,” the man had said. via Pocket
IFTTT  Pocket  instapaper 
11 days ago by drewcaldwell
what a great story
from twitter_favs
11 days ago by gpadgett
The problem is as simple as it is intractable. In 2012 a call center in India was busted for making 8 million calls in eight months to collect made-up bills. The Federal Trade Commission has since broken up at least 13 similar scams. In most cases, regulators weren’t able to identify the original perpetrators because the data files had been sold and repackaged so many times. Victims have essentially no recourse to do anything but take the abuse.
crime  law  scam  debt 
11 days ago by craniac
RT : This man is an American hero and he deserves the Presidential Medal of Freedom.
from twitter
11 days ago by willwilkinson
After the ruling against Tucker, Therrien heard from him for the first time in months, and they started talking again. Amid their conversations, which were recorded, Tucker’s brother, Scott, was convicted on all 14 charges he faced. Without directly asking Therrien to drop his vendetta, Tucker seemed to be pleading for mercy. “I’ve f---ing had enough harm done,” he said. “I’ve lost a brother. Got a brother going to prison. Put it this way, Andrew. I’m tired, buddy. I’m f---ing tired.”
“I’m tired too,” Therrien replied, “because I’m still getting harassed by these motherf---ers.”
finance  fun 
11 days ago by whitequark
RT : Meet the fake-debt vigilante who chased down a network of scammers
from twitter
11 days ago by hypatia