Last Updated:
Case Status:
Pending
Federal Trade Commission; and State of Minnesota, by its Attorney General, Keith Ellison; Plaintiffs, v. Manhattan Beach Venture, LLC, a California limited liability company, also d/b/a The Student Loan Relief Department; Christopher E. Lyell, an individual; Bradley K. Hansen, an individual; and Equitable Acceptance Corporation, a corporation; Defendants.
FTC Matter/File Number:
172 3041
Civil Action Number:
2:19-cv-07849
Federal Court:
Central District of California
Case Summary
The Federal Trade Commission charged the operators of two similar student loan debt relief schemes, Manhattan Beach Ventures and Student Advocates Team, and a financing company that assisted them, Equitable Acceptance Corporation, with bilking millions of dollars from consumers.
In May 2021, the FTC sent payments totaling more than $273,500 to consumers who lost money to the student loan debt relief scheme.
