Debt Articles Debt Settlement Related

Kerthump is the Sound the Morgan Drexen Judgment Made

Written by Steve Rhode

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

READ  Morgan Drexen Virginia Lawsuit Update

About the author

Steve Rhode

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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