Student Loan Co. CEO Given 3.5 Years For Debt Relief Scam

Law360 (July 27, 2020, 10:35 PM EDT) -- A California financial services executive was sentenced to three and a half years in prison on Friday for wire fraud and money laundering charges connected to a phony multimillion-dollar student loan debt relief scheme.

U.S. District Judge Susan Illston sentenced Ameritech Financial CEO Brandon Frere, 43, of Sonoma County, who pleaded guilty to the charges in December.

According to prosecutors, Frere and his companies, which also include American Financial Benefits Center and Financial Education Benefits Center, used deceptive tactics to scam millions from student loan recipients looking for lower fixed payments and loan forgiveness on their student debt.

Frere's employees were instructed to advise...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!