State of New York Consumer Financial Protection Bureau Secures a Stipulated Final Judgment and Order Against an Orange County Company

Consumer Financial Protection Bureau, et al. v. Pension Funding, LLC, et al.
  • Central District, CA

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.

The Newport Beach-based team representing the New York Consumer Financial Protection Bureau, which worked closely with co-counsel at the New York Attorney General’s office, included Marc Schneider and Travis Brennan.