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STOP Collector Blog From the law firm of Lemberg & Associates

Former Debt Collector Sentenced to Five Years

The Hartford Business Journal reports that Richard Pinto, former Chairman of Oxford Collection Agency, has been sentenced to five years in federal prison and ordered to pay $12.3 million in restitution. As we mentioned in a blog post from last May, Pinto and his son pled guilty to a $10 million fraud scheme that involved diverting the money they collected. Pinto’s son, as well as three other former executives who pled guilty, are awaiting sentencing.

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Author
Sergei Lemberg

Sergei Lemberg is the principal at Lemberg & Associates, a consumer law firm that defends consumer rights in the areas of fair debt collection law, fair credit law, and lemon law, among others. He is regularly labeled by the debt collection industry as one of the “most active consumer attorneys” in the U.S.

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