Student Loan Debt Relief Fraud: The Government Will Send Checks To 37,000 People Who Were Scammed By Orange County Company

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The government is sending checks to 37,000 people who avail of the student loan debt relief and were scammed by an Orange County company.

Student Loan Debt Relief Fraud: The Government Will Send Checks To 37,000 People Who Were Scammed By Orange County Company
Student Loan Debt Relief Fraud: The Government Will Send Checks To 37,000 People Who Were Scammed By Orange County Company (Photo: ABC7)

 

The U.S. government is sending money to more than 37,000 people who were scammed of student loan debt relief

The Federal Trade Commission says that the Orange County company called Arete Financial Group scammed people looking for student loan debt relief into making advance payments.

The student loan debt relief company never assisted those students seeking debt relief, and the company pretended to be connected with the Department of Education.

The federal government will distribute more than $3 million in payments to the victims.

Read Also: Senate Republicans Introduce Legislation To Address Student Debt Crisis And Reduce College Costs

In 2019, the FTC gained a temporary restraining order to stop the operations of the alleged scam student loan debt relief company

The student loan debt relief company used marketing strategies through radio, television, online ads, and calls with the promise of student loan debt relief forgiveness.

Read Also: Department Of Education Confirms Resumption Of Student Loan Payments, Prompting Borrowers To Prepare

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