American Greed: Scams, Scoundrels and Scandals Season 11 Episode 18 Fraud Collectors

In season 11, episode 18 of American Greed: Scams, Scoundrels and Scandals, viewers are taken on a journey through the world of fraud collectors.

The episode begins by introducing viewers to the practice of debt collectors and how they operate. Debt collectors are individuals or companies who purchase delinquent debts from creditors and then attempt to collect the debt from the debtor. In theory, this practice helps creditors recoup some of their losses and allows them to focus on their core business. However, as the episode explores, some debt collectors take the practice to illegal and unethical extremes.

The episode focuses on several debt collection companies and the tactics they use to collect debts. One company, in particular, is accused of harassing debtors with aggressive phone calls and threatening letters. They allegedly use fake law firm names and threaten legal action if the debtor fails to pay. Another company is accused of stealing money from their clients. They would collect debts on behalf of creditors but then keep the money for themselves. The episode also explores the practice of "zombie debt," which is debt that has been written off or discharged, but debt collectors continue to pursue the debtor for payment.

Through interviews with experts and victims, the episode provides a detailed look at how these fraudulent debt collection practices can be devastating for individuals and businesses. Victims describe the mental and emotional toll these practices take on them, including fear and anxiety caused by constant harassment.

The episode also explores the legal consequences for these practices. One debt collection company is taken down by the FBI, and several individuals are arrested and eventually sentenced to prison. The episode highlights the importance of regulation and enforcement in preventing these fraudulent practices and protecting victims.

Overall, American Greed: Scams, Scoundrels, and Scandals season 11, episode 18 provides a chilling look at the dark side of debt collection. Through interviews with victims and experts, the episode sheds light on the devastating impact of these practices and the importance of regulation and enforcement.