NEW YORK (AP) — Federal authorities announced a crackdown Tuesday on predatory businesses that cheat “desperate and vulnerable” people harmed by the 2008 financial crisis with phony promises to consolidate their debt.

U.S. Attorney Preet Bharara told a news conference that charges were brought against the owner and three employees of a New York company that cheated over 1,200 customers nationwide after opening its doors in 2009. They were indicted on charges of conspiracy to commit mail and wire fraud, along with separate mail and wire fraud charges.