Ringleader of Student Loan Debt Relief Scheme Liable for $11 Million in Settlement of FTC Charges

This is a post by Chrissy, who has guest posted here recently about hosting homestay students as a side hustle. Her blog, Eat Sleep Breath FI, details her journey towards financial freedom.

Category – Student Loan Assistance Programs.. Ringleader of student loan debt Relief Scheme Liable for $11 Million in Settlement of FTC Charges. 3 months ago.. FTC Halts Deceptive Student Debt Relief Scheme that Bilked Consumers out of Millions.

The ringleader of a California-based student loan debt relief scheme has agreed to settle the Federal Trade Commission’s charges that he bilked $ 11 million from consumers who were trying to reduce their student loan monthly payments or get loan forgiveness.

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Ringleader of Student Loan debt relief scheme liable for $11 Million in Settlement of FTC Charges The ringleader of a California-based student loan debt relief scheme has agreed to settle the Federal Trade Commission’s charges that he bilked $11 million from consumers who were trying to reduce their student loan monthly payments or get loan.

Student Loan Debt Relief Scheme 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. According to the complaint, the individual defendant Dave Green and his companies prey [.]

Do you have student loans? Did you respond to an ad from Ameritech Financial claiming to offer you debt relief? The FTC has sued Ameritech for deceptive practices and just sent letters about the case to thousands of customers. The court hasn’t ruled, but there are steps you can take now to make sure your payments are going toward your loans.

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Operation Game of Loans also includes two pending FTC actions against 11 additional student loan debt relief scammers, in which federal courts recently entered significant orders.

Ringleader of Student Loan Debt Relief Scheme Liable for $11 Million in Settlement of FTC Charges The ringleader of a California-based student loan debt relief scheme has agreed to settle the Federal Trade Commission’s charges that he bilked $11 million from consumers who were trying to reduce their student loan monthly payments or get loan.