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51±¾É«, Plaintiff, v. Automatic Funds Transfer Services, Inc., a corporation; and Eric Johnson, Individually and as an officer of Automatic Funds Transfer Services, Defendants.
51±¾É«Matter/File Number
192 3142
Civil Action Number
1:21-cv-02932
Federal Court
District of Columbia
Case Summary
The 51±¾É« obtained an order permanently banning a payment processor that facilitated a fraudulent student loan debt relief scheme from processing debt relief payments. The order also requires the company and its owner to surrender $500,000 to the 51±¾É«for consumer redress.
The FTC’s complaint against Automatic Funds Transfer Services, Inc. (AFTS) and its owner, Eric Johnson, alleges that AFTS processed at least $31 million in consumer payments for a fraudulent student loan debt relief scheme sued by the 51±¾É«in 2019. The debt relief scheme used numerous names, including The Student Loan Group (SLG).