Rapid Recovery Solution, a Collection Agency, Reacts to an Article Which Reveals Recent Money Frauds and Schemes

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The CEO of collection agency Rapid Recovery Solution comments on an article published by the Los Angeles Times regarding money frauds and schemes.

On November 7, collection agency Rapid Recovery Solution reacts to an article published by the Los Angeles Times which reports various money frauds and schemes to watch out for.

The Los Angeles Times article discusses the “Grandparent Scam”, a scheme used to fool elderly Americans into sending money. The article states, “There have been numerous reports about bad people trying to trick older Americans into giving them money by calling and pretending to be relatives, often grandchildren, who are in desperate need of money because of a fabricated emergency. In some cases, it can be for bail or to repair a car.” The article goes on to advise that “anyone who receives such a call should ask questions that an imposter would not be able to answer correctly -- the date of their mother’s birthday or the city they were born in, for instance. Before sending money, anyone who receives such a call should try to call the family of the person who is asking for assistance to see if it’s legitimate.”

In addition, the article goes on to discuss Varang K. Thaker, a man from California “who worked with bogus debt collectors in India.” According to the article the fake debt collectors would “threaten and intimidate consumers into making payments for debts that did not exist.” The article reports that in order to resolve a lawsuit that was filed by the Federal Trade Commission, Thaker recently agreed to pay a settlement.

John Monderine, CEO of collection agency Rapid Recovery Solution explains, “P. T. Barnum said ‘There's a sucker born every minute.’ As long as people are gullible there will always be people like Mr. Thaker trying to separate a fool from his money. Always be cautious when anybody calls you for money.”

Founded in 2006, RRS Collection Agency is headquartered at the highest point of beautiful Long Island. Rapid Recovery Collection Agency is committed to recovering your funds. We believe that every debtor has the ability to pay if motivated correctly. We DO NOT alienate the debtors; we attempt to align with them and offer a number of ways to resolve not only your debt but also all their debts.

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