UNITED STATES DISTRICT COURT
FOR THE NORTHERN DISTRICT OF TEXAS
DALLAS DIVISION
UNITED STATES OF AMERICA,
Plaintiff,
v.
CORNERSTONE WEALTH CORP., d/b/a CREDIT FINANCIAL AND ASSOCIATES and
CREDIT FINANCIAL SERVICES, a corporation; and JOHN ATCHLEY, JR.,
individually and as an officer of the corporation,
Defendants.
CIVIL NO.
COMPLAINT FOR CIVIL PENALTIES, INJUNCTIVE, AND OTHER RELIEF
Plaintiff, the United States of America, acting upon notification and
authorization to the Attorney General by the Federal Trade Commission
("Commission"), for its complaint alleges that:
1. Plaintiff brings this action under Sections 5(a)(1), 5(m)(1)(A),
13(b), 16(a), and 19 of the Federal Trade Commission Act ("FTC Act"),
15 U.S.C. §§ 45(a)(1), 45 (m)(1)(A), 53(b), 56(a), and 57b, and
Section 410(b) of the Credit Repair Organizations Act, 15 U.S.C.
1679h(b), to obtain monetary civil penalties, consumer redress and
injunctive and other relief for Defendants' violations of the Credit
Repair Organizations Act, 15 U.S.C. § 1679-1679j; and consumer redress
and injunctive and other relief for Defendants' violations of Section
5(a)(1) of the FTC Act, 15 U.S.C. § 45(a)(1).
JURISDICTION AND VENUE
2. This Court has jurisdiction of this matter pursuant to 28 U.S.C.
1331, 1337(a), 1345, 1355 and pursuant to 15 U.S.C. §§ 45(m)(1)(A),
53(b), 56(a), 57b, and 1679h(b)(2). This action arises under 15 U.S.C.
§§ 45(a)(1) and 1679h(b).
3. Venue in this district is proper under 15 U.S.C. § 53(b) and under
28 U.S.C. § 1391(b) and (c) and 1395(a).
DEFENDANTS
4. Defendant Cornerstone Wealth Corporation (hereinafter "Cornerstone
Wealth") is a Texas corporation with its office and principal place of
SNIPPETS:
UNITED STATES DISTRICT COURT
FOR THE NORTHERN DISTRICT OF TEXAS
COMPLAINT FOR CIVIL PENALTIES, INJUNCTIVE, AND OTHER RELIEF
Plaintiff, the United States of America, acting upon notification and authorization to the
Plaintiff brings this action under Sections 5, 5, 13, 16, and 19 of the Federal Trade
Act, 15 U.S.C. § 45.
This Court has jurisdiction of this matter pursuant to 28 U.S.C. §§ 1331, 1337, 1345, 1355
Defendant Cornerstone Wealth Corporation is a Texas corporation with its office and principal
Defendant Cornerstone Wealth resides and transacts business in this District.
Individually or in concert with others, Defendant John Atchley, Jr., has formulated, directed
At all times relevant to this complaint, Defendants have maintained a substantial course of
Defendants have telemarketed, advertised, promoted, offered for sale, and sold credit repair
Defendants have offered services to remove negative information from, or improve, consumers'
Consumers have contacted Defendants by telephone and have been told by Defendants'
Defendants have made such representations to consumers even where such negative information
Pursuant to Section 410of the Credit Repair Organizations Act, 15 U.S.C. § 1679h, any
CIVIL PENALTIES, CONSUMER REDRESS AND INJUNCTION
Each sale or attempted sale, since the effective date of the Credit Repair Organizations Act,
Section 4 of the Federal Civil Penalties Inflation Adjustment Act of 1990, 28 U.S.C. § 2461,
Assistant Attorney General Civil Division
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