The companies are banned from sale of student debt relief services and telemarketing.
3/10/2020 8:30
Defendants in an ongoing “student loan debt relief” scheme are banned from telemarketing and selling debt relief consumers, in addition to paying more than $10 million in restitution, according to a news release from the Federal Trade Commission.
“The U.S. District Court for the Central District of California found that Brian Colombana, Impetus Enterprise, Inc., and Fig Tree & Co., LLC deceptively marketed student loan debt relief services to consumers and tricked them into paying illegal upfront fees by promising to reduce or eliminate their student loan debt, and then failed to deliver the promised debt relief,” the FTC reports in the news release.
The March judgments against the defendants from the court total $10.7 million while other defendants in the case were subject to permanent injunctions last year, according to the FTC.