With the recent uptick in consumer claims of identity theft, the credit reporting agency is running into a flurry of illegitimate claims. Last year alone, the Federal Trade Commission (FTC) received nearly 588,000 identity theft claims, which includes both legitimate and illegitimate cases. Many consumers have turned to credit-repair companies to help improve their credit scores, and these companies are increasingly under the microscope by the FTC.

The Wall Street Journal recently published an article highlighting these issues, and Gunster Shareholder Mike Freed discusses the complications companies often face. “In this type of case, the FTC has a great deal of power, including the power to freeze business and personal assets before there has been a trial adjudicating any wrongdoing,” Freed explains.

Gunster attorney Michael Freed

Mike Freed is a trial lawyer with a wealth of experience in the courtroom and arbitrations, administrative proceedings and other forms of dispute resolution. As an attorney, board certified in business litigation, his practice spans a wide range of substantive legal disciplines and specialized industries including corporate governance, education, health care, hospitality, labor and employment, construction, logistics, transportation and receiverships. Mike serves as counsel for a variety of companies, with regular involvement in personnel matters, labor relations, contract negotiations, insurance, risk analysis and strategic planning.


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