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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


Court's Final Judgment

Civil Minutes regarding Judgment  


Stipulated Final Judgment and Order  

Civil Minutes regarding Judgment  

Court Order terminating Sanctions  


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