Man who repeatedly scammed veterans out of retirement, disability pay fined $1: report - News Summed Up

Man who repeatedly scammed veterans out of retirement, disability pay fined $1: report


A man accused of swindling veterans of their retirement and disability benefits for more than 7 years has been ordered to stop engaging in illegal pension poaching and told to pay $1 as part of a settlement. According to a consent order by the Consumer Financial Protection Bureau from Jan. 23, Corbett brokered contacts for the so-called Doe Companies, marketed to veterans who sought loans or pension sales. STRANGERS WHO ATTENDED AIR FORCE VETERAN’S FUNERAL ‘CAME TOGETHER AS AMERICANS,’ SAYS ORGANIZERFederal law prohibits agreements under which another person acquires the right to receive a veteran’s pension payments, the bureau’s consent order notes. It was not immediately clear if the bureau’s order would affect the federal lawsuit. As part of the bureau’s settlement, Corbett must help the agency identify other veterans affected by his scheme.


Source: Fox News January 31, 2019 17:26 UTC



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