Good and Bad News for Brandon Frere of American Financial Benefits Center

Brandon Frere who is the honcho behind American Financial Benefits Center and a subject of the action by the Federal Strade Commission against the student loan debt relief companies, has won a victory of sorts.

Good News

I received an alert that the court has awarded him a nine-month stay in the proceedings against him by the Federal Trade Commission.

“Defendant Brandon Demond Frere and Plaintiff Federal Trade Commission (“FTC”) hereby stipulate and agree to the entry of an Order staying the civil action against him for nine (9) months or until the conclusion of the parallel criminal action filed by the United States against Mr. Frere (captioned United States v. Frere, Case No. 3:18-mj-71724-SK (N.D. Cal.)), whichever is first.” – Source

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Bad News

The criminal complaint and criminal charges are still hanging out there and resulted in his arrest. – Source

Good News

Frere was had his release from prison and home detention at his parents’ house, modified so he is not trapped there all day long. The court said he can leave the house to look for a job.

“Mr. Frere may leave his home to seek employment on a schedule preapproved by Pretrial Services between the hours of 7:00 a.m. and 4:00 p.m., provided that Mr. Frere provides Pretrial Services with the location(s) where he will be traveling to seek employment and the times of any appointments that he has secured during his search for employment. Once he secures employment, Mr. Frere may also leave his home for employment purposes on a schedule pre-approved by Pretrial Services. For other activities, including medical and legal appointments, Mr. Frere may leave his home as preapproved by Pretrial Services. Unauthorized travel or deviations from the preapproved schedule and/or locations may be grounds for revocation of pretrial release.” – Source

See also  Ameritech Financial - CFPB Complaint ID 2952461

Bad News

It appears Brandon has to report to his parent. “Mr. Frere will have in-person contact with his custodian, Andre Frere, at least once per day and will inform him of the schedule for the day that has been approved by Pretrial Services. In the event Andre Frere is out of town or otherwise going to be unavailable for in-person contact on a given day, Mr. Frere will have telephone contact with Andre Frere that day and inform his Pretrial Services Officer of his inability to have in-person contact with Andre Frere and the reasons therefore.”

It’s All Yucky

I wish none of this had happened to the consumers, employees, and Brandon. Wouldn’t it be great if we could turn back the clock to the day before the idea to launch American Financial Benefits Center, Ameritech Financial, Financial Education Benefits Center, and AF Student Services become a reality?

Maybe something good will come out of all this pain experienced by people on all sides of this mess. At least the attorneys are happy.

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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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