Nevada AG Files Felony Theft Charges Against Owner Of Vegas Loan Modification Firm

In Las Vegas, Nevada, KLAS-TV Channel 8 reports:

• Jack Ferm was arrested on felony charges Wednesday morning after a hearing in District Court. He is the head of mortgage rescue company, the U.S. Justice Foundation, which was ordered to close last week. Instead of a slap on the wrist, Foundation President Jack Ferm left district court in handcuffs. The man whose company filed hundreds of unsuccessful lawsuits to stop foreclosures now faces felony criminal charges.

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• According to the complaint, Ferm promised he could stop foreclosure by helping homeowners sue their mortgage companies themselves. Instead, at least two victims claim they paid thousands for services Ferm never provided.

• "Attorney General Masto is aggressively pursuing any fraud related to the mortgage industry. The current wave of scams happens to be the loan modification scams, and again, this was one of the companies we've received the most complaints about," said Chief Deputy Attorney General John Kelleher.

• In previous interviews, Ferm insisted his foundation filed as many as 800 lawsuits using boilerplate legal documents prepared by paralegals.

According to the story, Ferm, a non-attorney, was arrested while in court on a different matter related to his loan modification activities. Specifically, he was responding to an order to show cause in connection with allegations of unauthorized practice of law.

For more, see U.S. Justice Foundation's President Arrested.

See also Nevada Attorney General press release: AG Announces Former Las Vegas Radio Talk Show Host Arrested In Mortgage Rescue Fraud Scheme:

• Nevada Attorney General Catherine Cortez Masto announced today that Jack Ferm, a former talk show host in Las Vegas, Nevada, has been arrested on two counts of felony theft and related charges in connection with the operation of U.S. Justice Foundation, a mortgage rescue scam.

Go here and go here for other posts on issues relating to attorneys, loan modifications, and the unlicensed/unauthorized practice of law. UnauthPractOfLawTheta