Between 2001 and 2002 Kyle Kimoto and his co-horts at telemarketer Assail, Inc. (also operating as First Financial Solutions, First Choice Solutions and other generic names) bilked some $43 million from 300,000 or so unsuspecting credit-seekers.

Kimoto and co. made phoney credit offers to hundreds of thousands, collecting an application fee in the process. Kimoto was indicted on one count of conspiracy as well as mail fraud, wire fraud and money laundering. Further details here.

-- MDT

Labels: Assail, Fraud, Inc., Kyle Kimoto, telemarketers