Morgan Drexen, Inc. and Walter Ledda
The CFPB filed a lawsuit in federal district court against a Nevada corporation, Morgan Drexen, Inc., and its president and chief executive officer, Walter Ledda, for charging illegal upfront fees and deceiving consumers. The company falsely claims that it does not charge consumers upfront fees for debt-relief services and falsely represents to consumers that they will become debt free in months if they work with Morgan Drexen.
Related documents
2016
Civil Minutes regarding Judgment
2015
Stipulated Final Judgment and Order
Civil Minutes regarding Judgment
Court Order terminating Sanctions
2013
Complaint for Permanent Injunction and Other Relief
Press release
CFPB Files Suit Against Morgan Drexen for Charging Illegal Fees and Deceiving Consumers
CFPB Wins Final Judgment Against Morgan Drexen for Illegal Debt-Relief Scheme