FTC Targets Credit Scams: i3solutions.net, Score Optimization System SOS, Merle Eugene Schwalen III

[Veronica Montoya]

Hi, All,

Just a quick post, in hopes that even one person might be warned away from what I experienced.

I just went thru a lot of lost cash and pain dealing with a fraudulent Credit Repair Agency (per FTC).

The reason I'm posting this is just to hopefully help someone else by warning them away from these companies.

Let's just say i wish someone had warned me about just ONE of the 36 companies described in this pdf file from the Federal Trade Commission....

http://www.ftc.gov/os/2008/10/081023sweeplist.pdf

Vern

Here is an example I found posted on the web, described in this FTC document...

I3SOLUTIONS.NET, GENE SCHWALEN: Cease & Desist issued to i3Solutions.net, Merle Eugene Schwalen III, by NC Attorney General.

Item 1. N Carolina Attorney General Roy Cooper issues Cease and desistletter to i3 Solutions (McKinney, Texas) on March 6, 2008.

Item 2. Federal Trade Commission 'Operation Clean Sweep' crackdown on credit repair companies.

Item 3. NC Attorney General demanded following companies stop chargingconsumers upfront fees for credit repair in violation of state Law: I3Solutions, Inc., McKinney; Texas, et al.

Item 4. http://www.ftc.gov/os/2008/10/081023sweeplist.pdf

Item 5. Noelle Talley, NC Public Information Officer 919-716-6484.

:roll:

[J Scott]

Originally posted by Christy Cole:

S&S Private Capital, Inc. and S.O.S. is not in any way affiliated with I3 Solutions.
....
1. Claim: I3 Solutions Targeted by the FTC.

Fact: I3 Solutions was never targeted by the FTC – Federal Trade Commission.
....
2. Claim: I3 Solutions was issued a Cease and Desist order by the FTC.

Fact: I3 Solutions was never issued any Cease and Desist order by the FTC.

For reference, if you had stopped after your first statement of, "S&S Private Capital, Inc. and S.O.S. is not in any way affiliated with I3 Solutions," I probably wouldn't have dug any further.

But, then you felt the need to defend I3 Solutions against the allegations, which made me wonder...

Long story short, according to his linked in profit, Gene Schwalen is both CEO of I3 Solutions, Inc and S&S Private Capital, Inc, which in my book is much more than just an affiliation:

http://www.linkedin.com/pub/gene-schwalen/5/29b/863

In fact, it would seem I3 Solutions and S&S Private Capital are run by the same person, which would likely make them one and the same, though I guess technically the guy could be so good that he's maintaining two CEO jobs simultaneously...

Oh, and you not felt the need to revive a thread that is nearly 2 years old, I'm guessing nobody would have ever read this again...saving you some embarrassment :roll: