Defendants in Student Loan Debt Relief Scheme Banned from Industry in Settlement with FTC and Florida

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Defendants in Student loan debt relief scheme Banned from Industry in Settlement with FTC and Florida Tweet Three student debt relief companies were banned from the industry for falsely promising they could eliminate student loan debt (in exchange for upfront fees), and for posing as consumers to post favorable reviews on their website and social media.

The FTC also alleged that the defendants charged consumers illegal upfront fees of $300 or more for these purported debt relief services. At the request of the FTC, a federal court temporarily halted the scheme and froze its assets .

Comenout, Jr (Comenout) and other defendants in 2010. the grant of building and business permits, mandamus relief, lost profits, and damages due to an alleged antitrust and price-fixing scheme.

Specifically, the Securities and Exchange Commission (“SEC”) and the Financial Industry Regulatory Authority (“FINRA”) announced last week that Aegis Capital Corporation (“Aegis”), a New York-based.

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The defendants in two student loan debt relief cases agree to settle Federal Trade Commission claims against them. The FTC illustrates the defendants charge consumers illegal upfront fees and falsely promise to help reduce or forgive student loans.

Mortgage Relief Defendant Banned from Debt Relief Business in Settlement with FTC. According to the FTC, the operation typically charged consumers $3,900 in unlawful advance fees and touted a 98-100 percent success rate. The defendants, typically operating as Preferred Law PLLC, Consumer Defense LLC, or American Home Loans,

Inc., to collect the debt. The plaintiff filed a lawsuit in federal district court against Crown and Turning Point (under its new name, Greystone Alliance, LLC) alleging FDCPA claims against both.

Finally, in a separate case, the operators of another student debt relief scheme agreed to a settlement with the FTC that will permanently ban them from the debt relief business. The FTC alleged that Tobias West and his wife, Komal West, the owners of Good EBusiness, Select Student Loan Help LLC and Select Document Preparation Inc., charged consumers upfront fees of $500 to $800 based on false claims that they could renegotiate, settle or alter payment terms on student loan debt.