CFPB v. Hydra Group
In August 2018, the CFPB entered into a Stipulated Final Judgment and Order with all but one of the Hydra Group defendants.
The Court entered a judgment against the Hydra Group defendants in the amount of $69,623,528 to provide redress to affected consumers. The lawsuit names Richard Moseley, Sr., Richard Moseley, Jr., and 20 interrelated corporate entities controlled by them (collectively under the name Hydra Group).
Here are all 23 defendants:
Richard F. Moseley, Sr. (“Moseley, Sr.”)
Richard F. Moseley, Jr. (“Moseley, Jr.”)
Christopher J. Randazzo
SSM Group, LLC
CMG Group, LLC
DJR Group, LLC
BCD Group, LLC
Hydra Financial Limited Fund I
Hydra Financial Limited Fund II
Hydra Financial Limited Fund III
Hydra Financial Limited Fund IV
Corvus Company LLC
PCMO Services, LLC
PCKS Services, LLC
Piggycash Online Holdings, LLC
CLS Services, Inc.
FSR Services, Inc.
SJ Partners, LLC
River Elk Services, LLC
OSL Marketing, Inc. a/k/a OSL Group, Inc.
Rocky Oak Services, LLC
RM Partners, LLC
PDC Ventures, LLC
The CFPB contracted with Epiq Systems, Inc. to administer payments for this case. This matter is now closed.
For more information on this closed case, contact us at Consumer Financial Protection Bureau, Attn: OCFO, Flagstar, 1700 G Street NW, Washington DC 20552.
December 2020 – September 2023: Distribution