FOR IMMEDIATE RELEASE
DATE: March 11, 2009
CONTACT: Edie Cartwright
(775) 684 1189
ATTORNEY GENERAL ANNOUNCES FORMER
LAS VEGAS RADIO TALK SHOW HOST ARRESTED
IN MORTGAGE RESCUE FRAUD SCHEME
Las Vegas, NV – 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.
“Mr. Ferm’s conduct warrants prosecution to the fullest extent of the law,” said Attorney General Masto. “These schemes will not be tolerated in our state.”
Ferm is the President and owner of U.S. Justice Foundation, a document preparation business which misled customers into believing his service would stop ongoing foreclosures on their homes without the need to retain an attorney. His company web site indicates he has a participated in successful litigation against numerous large corporations.
The Attorney General’s office has received numerous complaints about misrepresentations made by Ferm, including several clients who paid thousands of dollars to the U.S. Justice Foundation with no legal documents having been prepared or filed on their behalf. In many cases, Ferm required the victims to pay a monthly charge in addition to the original retainer for the duration of the litigation.
During a hearing in Federal Court last week, Ferm stated that the U.S. Justice Foundation has closed its doors and will not be accepting new clients.
Ferm was moderator of the show “Straight Talk” broadcast on the radio station KKVV 1060 from 1994 through 2003.
Anyone who has information regarding this case should contact the Attorney General’s Office at 486-3777 in Las Vegas or 684-1180 in Carson City.