Allegro Shut Down Ends “one of the largest debt settlement schemes in the nation”
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

Autauga County Circuit Judge Ben Fuller has permanently shut down the Montgomery debt restructuring firms, Allegro Law LLC and Allegro Financial Services LLC, saying they violated the Deceptive Trade Practices Act, and operated without a license.

The state Attorney General’s Office and the Alabama Securities Commission filed a complaint seven months ago against Keith Anderson Nelms and his Prattville-based firms.

In a statement Wednesday Attorney General Troy King said the shutdown ended “one of the largest debt settlement schemes in the nation”, involving a seizure of $12 million of the firms’ assets, which could be returned to the 15,000 Allegro customers nationwide.


The state said Nelms was not licensed to practice law outside of Alabama. However, clients came from all 50 states. The complaint also stated Nelms and his firm were advertising as a law firm, but were referring cases to a third party, Americorp, which is not a law firm.


Interesting Legal Sites You May Like




Search Now

Employment Litigation Attorney with 5+ years of experience

USA-CA-Los Angeles

Los Angeles office is seeking a labor and employment litigation attorney with 5+ years of experience...

Apply Now

Capital Markets Staff Attorney with 6+ years of experience

USA-NY-New York City

New York City office is seeking a capital markets staff attorney with 6+ years of experience. Candid...

Apply Now

Attorney with 7-10 years of business litigation experience

USA-CA-Century City

Small to mid-size Century City law firm is seeking an attorney with 7 - 10 years of business litigat...

Apply Now

Bankruptcy Attorney with 2-5 years of experience

USA-CA-Los Angeles

Los Angeles office is seeking a bankruptcy attorney with 2-5 years of experience.

Apply Now


Counsel-Tax Credits


Position Overview: Performs tax credit investment legal work. An attorney holding the position of Co...

Apply now

Senior Securities Paralegal


Position Overview: Senior paralegal to support several senior attorneys with state and federal law r...

Apply now



INSURANCE DEFENSE / TRANSPORTATION LITIGATION Law firm located in North Houston seeking an associ...

Apply now

Hotline & Training Managing Attorney (IMMIGRATION)

USA-NY-New York City

Summary: The Hotline & Training Services Managing Attorney will guide, develop, and supervise the Ho...

Apply now

Most Popular


To Top