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United States v. Brandon Demond Frere

Brandon Demond Frere waived indictment and was charged by Information on October 1, 2019 for his operation of a fraudulent student loan debt relief scheme.  Frere formulated, directed, controlled and participated in the operations of the following companies:  American Financial Benefits Center (“AFBC”), Ameritech Financial (“Ameritech”), and Financial Education Benefits Center (”FEBC”) which were registered as California Corporations on February 11, 2011,  October 28, 2015 and October 30, 2015 respectively.  The charges include one count of Wire Fraud and Aiding and Abetting, and one count of International Money Laundering and Aiding and Abetting.

Defendant used the Companies to sell individuals document preparation services for federal student loan forgiveness, loan consolidation, and reduced-payment programs.  His Companies also enrolled individuals in a financial education “benefits” program through false, fraudulent and misleading representations.  Frere targeted recipients of federal student loans who were often struggling to make payments and caused his employees to use misleading sales scripts and other deceptive practices that fraudulently induced thousands of victims to sign up for document preparation services and to enroll in the financial education benefits program.

Clients of Ameritech and AFBC paid approximately $800 for document preparation services while clients of the financial benefits program, through AFBC and FEBC, were charged an initial enrollment fee of between approximately $100 and $1,200 followed by ongoing monthly membership fees of between approximately $49 and $99 per month.

 

Charging Document

 

Next Court Date

Change of Plea
Friday, December 6, 2019, at 11:00 AM
Philip Burton Federal Building and U.S. Courthouse
Judge Susan Illston
450 Golden Gate Avenue
Courtroom 1, 17th Floor
San Francisco, CA 94102

 

Resources

 

Press Releases

 

Contact Information

For information or assistance with this particular case please contact the Mega Victim Case Assistance Program Unit at (844) 527-5299 or e-mail USAEO.MCAP@usdoj.gov.

For information regarding the status of your student loan please contact your loan servicer or the Department of Education at https://www.ed.gov/ or 1-800-USA-LEARN (1-800-872-5327).

Updated November 21, 2019

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