FTC Action Leads to Industry Ban for Ringleader of Student Loan Debt Relief Scam

The ringleader of a student loan debt relief scam will be permanently banned from the debt relief industry and is required to turn over assets as part of a settlement with the Federal Trade Commission.

Metadata
Provider: 
FTCFTC
URL: 
https://www.ftc.gov/news-events/news/press-releases/2024/04/ftc-action-leads-industry-ban-ringleader-student-loan-debt-relief-scamhttps://www.ftc.gov/news-events/news/press-releases/2024/04/ftc-action-leads-industry-ban-ringleader-student-loan-debt-relief-scam
Retrieved on: 
Thursday, April 18, 2024
Information
Tags: 
Consumer protection, Education, District court, Social media, Blog, News, Student, Commission, Court, Federal Trade Commission, FTC, Insurance
Geotags: 
CENTRAL DISTRICT, CALIFORNIA
Summary
Key Points: 
  • The ringleader of a student loan debt relief scam will be permanently banned from the debt relief industry and is required to turn over assets as part of a settlement with the Federal Trade Commission.
  • The settlement with Marco Manzi resolves FTC charges involving the student loan debt relief scheme.
  • The FTC said that Apex operators pocketed approximately $8.8 million in junk fees by luring students with false promises of loan forgiveness.
  • The FTC has resources on how to avoid student loan debt relief scams at ftc.gov/StudentLoans.
Copyright: 
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