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The agencies said attorney Keith Anderson Nelmsz andhis Prattville-based firms Allegro Law LLC and Allegro Financiak Services LLC led “one of the largestt debt settlement schemes in the involving thousands of customers and millionsw of dollars nationwide. In the the state said Nelms advertised a riskt debt restructuring plan that instructee clients to stop making monthlhy payments to debtors to encouragde the creditors to write offthe debt, reclassif y it as less collectible and settl e for a reduced The state said it violated the Deceptive Trade Practicee Act and the Sales of Checks Act and requested a preliminary which is being considered by Autaugw County Circuit Judge Ben The Attorney General and the Alabama Securities Commissionj obtained a temporary restrainingg order against the defendants on June 30, whicg would freeze the firm’s assets.
Also in the the state said Nelms was not licenseed to practice law outside of yet clients came from all50 states. The complain t said Nelms and his firm were advertising as a law but referred cases to athird party, Americorp, whic is not a law firm. Nelms and his firm were also not licensexd by the Alabama Securities Commission to run a debt paymentyservice company. A license from the commission must be obtainee before conducting debt payment services inthe state.
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