A tipster (send in your tips here) just brought this suit to my attention.Sharonetta Jones v. Morgan Drexen and Walter Ledda (2:11-cv-00542-GLF-TPK). It reminds of another similar lawsuit in Virginia. The case in Ohio alleges Morgan Drexen and Walter Ledda violated the Debt Adjustment Companies Act, the Credit Services Organization Act, Credit Repair Organizations Act, and Ohio Consumer Sales Practices ... Read More »
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 »
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 »
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 »
What began as a simple story about a Morgan Drexen press release last week has turned into so much more. Last Friday I wrote “Is Debt Settlement Company Morgan Drexen a Flip-Flopper?” where I talked about their seemingly sudden switch from opposing the Federal Trade Commission effort to roll out new rules that regulate debt settlement companies, to applauding them. ... Read More »
A Montana company has filed a class action lawsuit against the debt settlement company Morgan Drexen. Morgan Drexen is accused of violating racketeering laws and the Credit Repair Organizations Act. A newspaper article said: Morgan Drexen has “actively conspired’’ to avoid laws that apply to debt settlement companies and has “engaged in the unauthorized practice of law,’’ the complaint said. ... Read More »
Most of the news coming from the debt settlement industry these days is either about how the sky will fall if the new Federal Trade Commission guidance goes into place to control the debt settlement industry, or how it is needed. Well here is an interesting press release just out from the folks at the debt settlement company Morgan Drexen. ... Read More »