Kerthump is the Sound the Morgan Drexen Judgment Made

By Steve Rhode on March 17, 2016

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

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