{"id":43987,"date":"2024-02-06T17:23:03","date_gmt":"2024-02-06T22:23:03","guid":{"rendered":"https:\/\/d56fg8tfg.fitnews.club\/finance\/ftc-action-leads-to-permanent-ban-for-scammers-who-charged-students-seeking-debt-relief-with-junk-fees\/"},"modified":"2024-02-06T17:23:03","modified_gmt":"2024-02-06T22:23:03","slug":"ftc-action-leads-to-permanent-ban-for-scammers-who-charged-students-seeking-debt-relief-with-junk-fees","status":"publish","type":"post","link":"https:\/\/d56fg8tfg.fitnews.club\/finance\/ftc-action-leads-to-permanent-ban-for-scammers-who-charged-students-seeking-debt-relief-with-junk-fees\/","title":{"rendered":"FTC Action Leads to Permanent Ban for Scammers Who Charged Students Seeking Debt Relief with Junk Fees"},"content":{"rendered":"
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A group of student loan debt relief scammers will be permanently banned from the debt relief industry\u00a0and is required to turn over their assets as part of a settlement with the Federal Trade Commission.<\/p>\n

According to the FTC\u2019s August 2023 complaint<\/a>, since at least 2019, Express Enrollment LLC (also doing business as SLFD Processing), Intercontinental Solutions LLC (also doing business as Apex Doc Processing LLC), and their operators Marco Manzi, Ivan Esquivel, and Robert Kissinger falsely claimed to be affiliated with the U.S. Department of Education and used \u201cBiden Loan Forgiveness\u201d or some similar name, which consumers have understood to refer to the Biden-Harris Administration\u2019s Student Loan Debt Relief Plan, to lure students into signing up for their phony student debt relief scheme. The FTC charged that the scheme\u2019s operators collected approximately $8.8 million in junk fees in exchange for student loan debt relief services that did not exist. The defendants also used these misrepresentations to illegally obtain consumers\u2019 bank account, debit card, or credit card information, and typically collect hundreds of dollars in unlawful advance fees\u2014sometimes through remotely created checks in violation of the Telemarketing Sales Rule, according to the FTC\u2019s complaint.<\/p>\n

A federal court temporarily halted the operations and froze the assets of Apex Processing Center and its owners<\/a> after the FTC filed the complaint to end the deceptive practices.<\/p>\n

The proposed stipulated orders, which must be approved by a federal judge before they can go into effect, will ban Express Enrollment LLC<\/a>\u00a0and Intercontinental Solutions LLC, Kissinger, and Esquivel<\/a> from the debt relief industry. The orders will also prohibit them from making any misrepresentations about\u00a0financial products or services and from using false statements to collect consumers\u2019 financial information.\u00a0The proposed orders also\u00a0impose a monetary judgment of $7.4 million, which is largely suspended due to an inability to pay. The defendants are required to turn over personal and business assets. If any of the defendants are found to have materially misrepresented their finances, the full amount of the monetary judgment would become immediately due from that defendant.<\/p>\n

Litigation continues against Manzi, the remaining defendant in the case.<\/p>\n

The FTC has resources on how to avoid student loan debt relief scams at ftc.gov\/StudentLoans<\/a>. Consumers can get assistance with their student loans for free<\/i> at StudentAid.gov<\/a>.<\/p>\n

The Commission votes approving the stipulated final orders were 3-0. The FTC filed the proposed orders\u00a0<\/strong>in the\u00a0U.S. District Court for the Central District of California.<\/p>\n

NOTE:\u00a0<\/strong>Stipulated final orders have the force of law when approved and signed by the District Court judge.<\/p>\n

The staff attorneys for this matter are Carlton Mosley and Gregory Ashe of the FTC\u2019s Bureau of Consumer Protection.<\/p>\n<\/div>\n

Official news published at https:\/\/www.ftc.gov\/news-events\/news\/press-releases\/2024\/02\/ftc-action-leads-permanent-ban-scammers-who-charged-students-seeking-debt-relief-junk-fees <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A group of student loan debt relief scammers will be permanently banned from the debt relief industry\u00a0and is required to turn over their assets as part of a settlement with the Federal Trade Commission. According to the FTC\u2019s August 2023 complaint, since at least 2019, Express Enrollment LLC (also doing business as SLFD Processing), Intercontinental […]<\/p>\n","protected":false},"author":1,"featured_media":43988,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[373],"tags":[],"class_list":{"0":"post-43987","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance"},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t