Multimillion Dollar Debt Collection Scam Is Nationwide

Alleged thieves scammed over $4 million pretending to be debt collectors.
1:40 | 11/19/14

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Transcript for Multimillion Dollar Debt Collection Scam Is Nationwide
Out to a consumer alert tonight to what authorities are calling an absolute epidemic of abusive debt collection practices. A multimillion dollar collection scam hitting all fifty states. The Fed's rounding up suspects accused of bullying more than 6000 victims into paying debts they did not vote. Tonight that threatening phone calls ordering people to pay up or else ABC's Rebecca Jarvis on the case. We are all around it lulled not can't. By now you're all the way to jail. You're listening to what threatening phone call but according to federal regulators that debt collector on the line is actually a feet. Happens that you love letter and I do not hear about. It'll accountable warrant be issued for your rec. The US government today announcing criminal charges against Georgia based William Scott & Associates seven employees arrested accused of scamming 6000. Victims. No one off limits. Because eight months pregnant woman walk or drilling. All brought out what can't you might not let sprightly. I have a job to do here. Alleged lease gearing victims into forking over more than four billion dollars in bogeys steps over five years be shut down one company today. But a lot of companies to do this and victimize not just 6000 people but I think tens of thousands if not hundreds of thousands of people all over the country for just a stunning. Rebecca what of the red flags tonight well they could no a lot of information about you when they called David but harassing phone calls telling you could be arrested even telling you your friends and family know about these stats. These are red flags they are illegal you should hang up the phone our chief business correspondent Rebecca Jarvis and I think.

This transcript has been automatically generated and may not be 100% accurate.

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