March 28, 2017
A New York federal judge on Tuesday held the founder of bankrupt BlueHippo Funding LLC in contempt of court and ordered him to pay $13.4 million, saying that he ignored an earlier order to give the funds to the Federal Trade Commission to settle a consumer fraud case even though he has plenty of personal assets.
February 16, 2017
The former CEO of now-defunct BlueHippo Funding LLC filed for personal Chapter 7 bankruptcy in Florida on Wednesday, two days before he was required to respond to a motion to hold him in contempt for failing to pay $13.4 million for violating an order that his company cease deceptive practices.
March 24, 2015
Warning it would be an uphill fight Tuesday, a Manhattan federal judge gave former BlueHippo Funding LLC CEO Joseph Rensin a chance to rebut Second Circuit guidance suggesting he and the bankrupt retail credit concern are liable to consumers for $14 million after a contempt finding in a deceptive practices case.