Thanks to a reader who alerted me, I discovered Freedom Financial Network, Freedom Debt Relief, Global Client Solutions, Rocky Mountain Bank and Trust, Andrew Houser and Bradford Stroh have agreed to settle a lawsuit filed against them and refund millions in consumer fees.
According to the agreement, people eligible for refunds of fees paid include “(i) were customers of any of the Freedom Defendants; (ii) opened a special purpose account or similar account with Rocky Mountain Bank and Trust (or another bank) administered by Global Client Solutions (“GCS”); (iii) paid fees to any of the Freedom Defendants for debt reduction services at any time from December 28, 2004 through the date of the Judgment; and (iv) did not receive a full refund of fees paid to the Freedom Defendants.” – Source
According to earlier settlement documents, the total available for refunds is $1,900,000. Of that, $1,400,000 is being paid by the Freedom Defendants and $500,000 is being paid by Rocky Mountain Bank and Trust and Global Client Solutions. – Source
Consumers covered under this agreement will be “forever barred and enjoined from commencing, instituting, prosecuting, or continuing to prosecute any action or other proceeding in any court of law or equity, arbitration tribunal, or administrative forum, asserting the Released Claims against any of the Released Persons.”