The provided texts detail a sprawling $100 million debt-settlement fraud perpetrated by Timothy McCallan through AmeriCorp, which resulted in over 30,000 victims. One source features the personal testimony of Claudia Reid, a former low-level representative who describes the operational mechanics of the scheme—where fees were systematically skimmed and customers were lied to—and explains how her unwitting participation led to her being blackballed from the financial industry for eighteen years. Legal documents confirm the scale of the fraud and the subsequent aggressive efforts by the Trustee to recover assets, including securing a $102 million default judgment against McCallan. These sources also illuminate the extensive litigation against McCallan's wife, Jeanne McCallan, successfully recovering over $5.6 million in fraudulent transfers that were used for personal luxury. Crucially, the records outline Timothy McCallan's severe and persistent attempts to conceal assets, leading to his indefinite incarceration for civil contempt due to his refusal to disclose the location of the stolen funds. This collection of documents juxtaposes the systemic nature of the financial crime with the professional ruin of a low-level employee and the relentless legal pursuit of the wealthy perpetrators.
