Posted: Jun 7, 2012 4:22 PM by Associated Press
FRESNO, Calif. (AP) - Two Fresno men are charged with conspiracy and money laundering for allegedly scamming dozens of debt-ridden clients of their credit consolidation payments.
U.S. Attorney Benjamin Wagner said Thursday that 36-year-old Sharanjit Kaur and 47-year-old Baljit Singh collected more than $400,000 from clients who thought the men were using the money to pay down renegotiated debts.
Wagner said the men instead kept the money, and wired some to another man in India.
According to the indictment, between July 2010 and June 2011 the men ran Consumer Financial Services, Consumer Credit Repair and Client Financial Services. They found clients by using a call center in India. Agents there told the clients to send in monthly payments of $500 or more.
Efforts to reach the men's attorney for comment were not immediately successful.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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