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

Washington, DC – 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.

FTC Targets student loan relief scams Scammers have bilked people out of nearly $100 million by promising things like debt forgiveness and reduced payments, officials say.

Student debt relief scam ringleader settles FTC charges, to pay $11 million monetary relief. ringleader of a student debt relief scam agreed to settle charges that he. he bilked $11 million from consumers who want to reduce their monthly. debt relief scheme that targeted consumer with student loan debt.

This company bilked people with student debt out of $11 million – how to protect yourself. June 15, rising student loan debt is an opportunity.. these charges have cost student loan borrowers more than $95 million.

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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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. May 30, 2019 4:44 pm.

Bill Hinton | Getty Images First, you receive a call about your student loans. The person on the other end offers to lower your monthly payments or make your debt disappear altogether, potentially for a fee.. This company bilked people with student debt out of $11 million – how to protect.

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The complaint also alleges that the defendants charged consumers illegal upfront fees of $499 or more for these. Ringleader of Student Loan Debt Relief Scheme Liable for $11 Million in Settlement of FTC Charges.

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