Friday, January 28, 2005
CREDITWRENCH and RICO
In a discussion with a collector on debt collection practices, CREDITWRENCH CEO Bill Bauer made the following statement in response to the collectors refusal to honor a validation request:
"you might both be charged with violation of civil Rico."
To suggest a collectors refusal to validate a debt in any way violates RICO statutes is absurd. There is nothing in the RICO statutes, or any case law to such support such a statment.
