Illinois AG Files Civil Suit Against Foreclosure Rescue Operator

From the office of the Illinois Attorney General:

• "As part of her ongoing efforts to target scam artists committing mortgage fraud, Attorney General Lisa Madigan has filed a lawsuit against a Michigan-based business operating a mortgage rescue scheme that strips the home equity from unsuspecting homeowners and usually causes the owners to lose their homes. Madigan filed the suit in Cook County Circuit Court against RYM Technology Holdings, LLC, an investment company which does business as RYM Tech, LLC, and its owner, Felix L. Daniel, Sr. According to the lawsuit, since at least 2003, RYM Tech and Mr. Daniel have solicited Illinois consumers to participate in their “Mortgage Reduction Program” by claiming that through this program, consumers can own their homes free of mortgage debt in five years."

Rym Tech and Mr. Daniel were among the featured foreclosure rescue operators in a July story in The New York Times, Predators Bilk Struggling Homeowners.

For more on the recent Illinois lawsuit, see Illinois AG Press Release, Madigan Continues Fight Against Mortgage Fraud (Sues Michigan Company Operating a Mortgage Rescue Scheme).

For a copy of the lawsuit (thanks to the Illinois AG's office), drop me a line at HomeEquityTheft@yahoo.com (Be sure to put "State of Illinois vs. Rym Tech" in the "Subject" line), and I'll e-mail it to you.

See also, Illinois AG Madigan Continues Fight Against Mortgage Fraud (All American Patriots).