The Federal Trade Commission is sending 22,817 checks totaling more than $2 million to borrowers who lost money to a student loan debt-relief scam that operated under the names Student Debt Doctor. Consumers who receive checks should cash them within 90 days, as indicated on the check. Recipients who have questions about their refund should …
Court Appointed Receiver reports are always an interesting first look inside an operation that has been raided by regulators. Here is the first Receiver report out on the Student Debt Doctor raid. The Receiver identified additional entities that Gary White owned or controlled in addition to Student Debt Doctor. These entities include Fidelity Credit Repair, …
The Federal Trade Commission, along with 11 states and the District of Columbia, today announced “Operation Game of Loans,” the first coordinated federal-state law enforcement initiative targeting deceptive student loan debt relief scams. This nationwide crackdown encompasses 36 actions by the FTC and state attorneys general against scammers alleged to have used deception and false …
The Federal Trade Commission has recently undertaken a sweep of student loan assistance operations. You can read about other raids and takeover of operations here and here. Student Debt Doctor (SDD) in Fort Lauderdale Florida is the latest target of the FTC enforcement operation. Gary White, Jr is also named in the court documents as …
Update January 6, 2017 – I would like to publicly applaud Gary White, president of StudentDebtDoctor.org for dealing with the issues raised below. He promptly got back to me, was professional, and we’ve had a great exchange. He’s also removed the incorrect information about bankruptcy discharge from his site. Someone mentioned that a company, Student …
UPDATE 8-27-2014: Hat tip to Gary White from Student Debt Doctor for pulling the Department of Education logo from the site following the article below. Gary said, “I had no idea that was the Department of Educations logo and have taken it the logo down. I had a friend do the site for me, I …