See my research, posts, and articles on Morgan Drexen, including legal issues, consumer complaints, and debt relief alternatives. Click the link to learn more!
Debt settlement companies found a legal loophole: partner with an attorney and the FTC’s advance-fee ban doesn’t apply. Here’s how the attorney model works, why it often costs more, and the red flags that reveal a scam hiding behind a law license.
Quick Answer: Morgan Drexen was not a legitimate debt settlement company and is no longer in business after regulators shut it down for illegal practices. West Virginia’s Supreme Court recently upheld rulings that the company misrepresented non-lawyer services as attorney-operated debt settlement programs.Morgan Drexen was a large settlement company that at one time was making …
Quick Answer: Morgan Drexen was a debt settlement company that closed, leaving former clients vulnerable to creditors pursuing previously settled debts. Without proper documentation of settlement agreements and payments, consumers may face lawsuits years later with limited recourse beyond statute of limitations defenses.Question:Dear Steve,I had a credit card that was settled in 2011 by Morgan …
Quick Answer: Damian Kutzner from Brookstone Law was sentenced to 70 months in federal prison and ordered to pay $587,864.22 in restitution for participating in a mass joinder mortgage elimination scheme. The debt relief scam targeted vulnerable homeowners during the real estate crisis, resulting in attorney suspensions and multiple criminal prosecutions.At one time Damian Kutzner …
Quick Answer: Court records show Jeremy Foti’s attorney argues he should be dismissed from the FTC case against Brookstone Law Group, claiming Foti had no control over marketing or sales operations. The defense points to disbarred attorney Vito Torchia as the 100% owner and CEO who controlled the company’s allegedly harmful consumer practices.In the ongoing …
Quick Answer: Morgan Drexen was a debt settlement network that faced legal action from the CFPB for alleged illegal practices, with successor firms Howard Law, P.C., Williamson & Howard, LLP, and others allegedly continuing similar activities. The case stems from violations of the 2010 Telemarketing Sales Rule prohibiting debt relief companies from charging fees before …
Quick Answer: The CFPB filed federal charges against three law firms (Howard Law, Williamson Law Firm, and Williamson & Howard) and attorneys Vincent Howard and Lawrence Williamson for charging illegal upfront fees to debt relief consumers. These defendants allegedly collaborated with Morgan Drexen, which the CFPB shut down in 2015 for similar violations.The Consumer Financial …
Quick Answer: Morgan Drexen is not legitimate – the Consumer Financial Protection Bureau won a final judgment against the company in 2016 for deceptive practices. Clients were transferred to affiliated law firms that were also hit with asset freezes and ordered to pay millions in penalties.Question:Dear Steve,My sister, who lives in Florida, is having financial …
Quick Answer: A judge ordered Vincent Howard, Lawrence Williamson, and their law firms to refund $5.3 million to consumers for illegal debt settlement fees, but the entities claim they only have $50,000 available. The Consumer Financial Protection Bureau will likely pursue the attorneys personally to recover the remaining funds for affected consumers.Judge Stanton has ordered …
Quick Answer: Morgan Drexen clients may receive refunds from the government’s court victory, but recovery amounts will likely be minimal due to the company’s bankruptcy status. The government distributes recovered funds to identifiable consumers, though the final payout remains uncertain given Morgan Drexen’s financial insolvency.Question:Dear Steve,I was a client of Morgan Drexan for over 5 …
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