Yesterday the court issued a final judgment against the once soaring and now defunct debt settlement company Morgan Drexen. I’ll let the court order do the talking.
“IT IS ORDERED:
1. Restitution: Judgment for equitable monetary relief is entered in favor of the CFPB and against Morgan Drexen in the amount of $132,882,488 as restitution for the unlawful up-front fees and other fees paid by Affected Consumers.
2. Civil Penalty: Judgment for a civil money penalty is entered in favor of the CFPB and against Morgan Drexen in the amount of $40,000,000.” – Source
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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