FTC Release: Student Loan Fraudsters Permanently Banned From Debt Relief Industry And Required to Turn Over All Assets as Result of FTC Action
Dow Jones
May 29, 2025
FTC alleges operators pretended to be affiliated with the U.S. Department of Education, promised fake student loan forgiveness, and bilked millions out of consumers seeking debt relief
As a result of a Federal Trade Commission lawsuit, a fraudulent student loan debt relief operation and its owners are permanently banned from the debt relief industry and required to turn over all assets to resolve allegations that they misled consumers.
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