A state court case against Morgan Drexen has just been moved to federal court. This case is Jenny Sykes v Morgan Drexen. The suit alleges Morgan Drexen is in violation of the Virginia Credit Counseling Act by not being licensed in Virignia to offer services in compliance with the act. The suit names Walter Ledda as CEO and says he ... Read More »
So what is the truth about Mogan Drexen? On one hand they claim, as was stated in the recent West Virginia Attorney General suit about them to “merely provide paralegal services to lawyers engaged in debt settlement activities on behalf of clients.” Even their own website says: Morgan Drexen provides integrated legal software and paralegal services to attorneys across America. ... Read More »
Details on Mogran Drexen Lawsuit by West Virginia AG. Allegedly Unlicensed, Unfair, and Unrefunding.
I’ve received copies of the complaint and atachments of the lawsuit filed on Friday, May 20,2011, by the West Virginia Attorney General against Morgan Drexen Vincent Howard, Damian Nassiri, Lawrence Williamson, Rachelle McIntyre-Nicholson, Walter Ledda personally and as CEO of Morgan Drexen. What follows will be details from the suit filed. Morgan Drexen Complaint Morgan Drexen is not authorized to ... Read More »
Morgan Drexen Claimed to be Unfair and Deceptive in Suit by West Virginia AG. Includes Local Attorney.
This comes from the WV AG press release but I’ve requested a copy of the complaint from the State. What’s interesting about this announcement is that the AG office also went after the local attorneys in West Virginia as well. Attorney General Darrell McGraw Sues Kansas, California, and West Virginia Lawyers to Halt Morgen Drexen Debt Collection Business CHARLESTON – ... Read More »
A tipster (send in your tips here) pointed out to me that a site called “Morgan Drexen Blog” has posted untrue information about me and a story I wrote. Interesting. So let’s talk about it. The blog post in question can be found here, CYBER BULLY, STEVE RHODE EXPOSED. – Source A few days letter somebody posted on a website ... Read More »
“Dear Steve, I am a 63 year old Grandma, I am involved with Morgan Drexen, have paid them $950, which is their fee. I did not realize how much they charge. I have been aware that maybe they have not alerted my creditors as to my way of resolving the debt. I am being sued by Chase now, I just ... Read More »
Update 4-8-2011: Brookstone Law is involved in seeking consumers to join mass joinder cases and while this article talks boldly about Brrokstone Law I’ve also published others in which I’ve praised Vito Torchia, Jr. of Brookstone Law. Anyone reading this article and wanting to know more about the reality of the players in the mass joinder space should see Vito ... Read More »
In a story that would have been just about a presentation to the New York City Council about debt settlement activities comes a glance into the activities of some debt settlement companies to attempt to loophole out of FTC new rules to regulate debt relief activities. The documents from the meeting say: Karen S is a 55 year old home ... Read More »
Morgan Drexen Threatens Journalist and Free Speech. Demands All Mentions of Morgan Drexen be Removed.
Yesterday this reporter and this media outlet received a letter from Morgan Drexen titled Morgan Drexen’s Demand to Cease and Desist Illegal Activity. Ultimately their demand is that this journalist and publication should “remove any and all reference to Morgan Drexen” as a condition “to Morgan Drexen agreeing not to pursue its damage claims against you.” The irony is that ... Read More »
A tipster (send in your tips here) brought the following item to my attention from the Debt Settlement Consumer Protection site. Morgan Drexen’s Accreditations have been revoked When we originally reviewed Morgan Drexen on Debt Settlement Consumer Protection, we gave them a bronze accreditation (lowest DSCP accreditation). Because of public outcry we have removed any accreditation from Morgan Drexen. Their ... Read More »
How to cancel a debt settlement company contract The company is Morgan Drexen. I am in a very troubling situation. I signed up with a debt settlement law firm but after talking to them about the fees and all percentage paid for saving I want cancel but do not know if this is wise and what pitfalls if any to ... Read More »
Harvey Z. Warren Publishes New Book, Drop Debt. Brings Back to Mind a Bit of FTC Past That Tangles In Walter Ledda, CEO of Morgan Drexen
A couple of days ago I saw the press release for “Drop Debt” by Harvey Z. Warren and thought, “Hum, that names sounds familiar from the past.” In a twist of “what a small world it is” it came to me. There was a Harvey Warren that I remember getting slammed by the FTC a number of years ago for ... Read More »
“Dear Steve, sorry to say I also have fallen into the morgan drexen scam what should I do now ? file for bankrupt,or try to work with my creditors? I am currently unemployed.Or should I try The Obama credit relief program? Alberto” Dear Alberto, I’m not sure what you mean when you say you have fallen for the Morgan Drexen ... Read More »
Offshore Debt Settlement, Morgan Drexen, Badges, Elizabeth Warren, Bed Intruder, CROA, and More – Podcast
Here is this weeks podcast where Damon Day and I talk about a number of debt industry issues including: Debt settlement companies settling up offshore enterprises to sell services back to U.S. residents. The odd statements made in the recent Morgan Drexen press release. You can watch video from the release here. What is the Financial & International Independent News ... Read More »
Attorney Assisted Debt Resolution Program Said to Be Different Than Debt Settlement. How Can That Be?
In the video below put out by Morgan Drexen today and distributed with their press release (source), Walter Ledda, CEO says attorney assisted debt resolution is an alternative to debt settlement. Is it somehow magically different? [flashvideo file=/wp-content/uploads/MorganDrexen.flv /] At 0:37 and you will hear Ledda make comments to advise consumers to avoid bankruptcy. “Bankruptcy is the last resort for ... Read More »