It’s estimated the company pocketed as much as $28 million from the scheme.
In 2019, Ameritech owner Brandon Frere pleaded guilty to two counts of wire and mail fraud.
A year later, he was sentenced to 42 months in prison andbannedfrom providing debt relief services.
Scam artists have preyed on borrowers' confusion and uncertainty since student loan payments were paused in March 2020.
With payments resuming in October, experts arewarning consumers to be on the alertfor a new barrage of scams.
How will I receive a refund payment from the FTC?
Checks should be cashed within 90 days of being received.
If the FTC doesn’t have someone’s address on file, a payment will be sent through PayPal.
Do I need to file a claim to receive a refund?
Recipients don’t have to file a claim to get their money.
“We use this information to send refunds.”
If you’ve been told you do, it’s likely a scam.
