New York Consumer Financial Protection Bureau Secures Victory in Fraud Case

Secured a stipulated final judgment on behalf of the State of New York Consumer Financial Protection Bureau against an Orange County company and two of its principals in a financial fraud case. The defendants were accused of defrauding veterans and other retirees residing in New York into assigning their pension benefits to the company by making misrepresentations about the nature of the transactions and applicable interest rates. The judgment included monetary relief and permanent injunctions against the defendants. Our Newport Beach-based team worked closely with co-counsel at the New York Attorney General’s office (Central District, CA).