Federal Trade Commission v. Good EBusiness, LLC, et al., LACV16-01048-ODW (JPRx), U.S. District Court, Central District of California
Defendants in this FTC case operated a fraudulent student loan repayment and modification business which violated multiple provisions of the FTC Act and the Telemarketing Act. Upon appointment, we took control of the office in Los Angeles, terminated operations as they were unlawful and assembled the limited assets.
Our service in this matter was brief after we determined that a receivership was not economically viable due to the lack of assets and the Defendants’ recent withdrawal from the active business. As such, we exercised the provision in the TRO to withdraw as receiver and returned net receivership funds of $19,000 to the FTC.