Luxury Cars Wave Goodbye From American Financial Support Services

The closure of American Financial Support Services by the FTC has been going on for a while now. The court-appointed Receiver has just submitted another interim report on activities. Most notably was this section: “The Receiver determined that all of the vehicles in Receivership Entities’ names were leased as opposed to owned. The Court authorized … Read more

Are the Scammers Now Getting Scammed?

American Financial Support Services was shutdown for bad acts by the Federal Trade Commission. They were raided as a result of student loan assistance services they were selling. The allegations made were disturbing but consumers appear to be getting kicked twice. The court-appointed receiver in the case just announced the following: “The Receiver’s office received … Read more

Operators of Student Debt Relief Scheme Agree to Pay at Least $835,000 to Settle FTC Allegations

The operators of a student loan debt relief scheme will pay at least $835,000 to settle Federal Trade Commission allegations that they charged illegal upfront fees and made false promises to consumers struggling with student loan debt. The settlement resolves FTC litigation against Carey G. Howe, Anna C. Howe, Shunmin Hsu, Ruddy Palacios, and Oliver … Read more

More Student Loan Debt Relief Companies Raided and Hit by FTC

Recently I had received a tip that at least one of the companies named in a recent Federal Trade Commission (FTC) sealed lawsuit had been raided. Subsequently, the case below was unsealed. It appears the FTC filed suit, under seal on November 4, 2019, against American Financial Support Services, Arete Financial Group, Arete Financial Freedom, … Read more