Authentic Watches – Authenticwatches.com

Based on the number of complaints we’ve researched online, scamFRAUDalert see it necessary to issue this ALERT that consumers exercise care and caution when transacting business with this site.

Consumer complaints can be found on BBB and Trustlink sites.
We urge Authentic Watches to address these complaints and remedy this so as to avoid negative posts online.

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FTC Shut Down Elegant Solutions, Inc. dba Mission Hills Federal – Student Loan Debt Operators

FTC Stops Student Loan Debt Relief Scheme, Charges Operators with Misleading PayDayLoanConsumers
Federal Trade Commission, Plaintiff, v. Elegant Solutions, Inc., a corporation, also doing business as Federal Direct Group; Trend Capital Ltd., a corporation, also doing business as Mission Hills Federal; Dark Island Industries, Inc., a corporation, also doing business as Federal Direct Group and formerly known as Cosmopolitan Funding Inc.; Heritage Asset Management, Inc., a corporation, also doing business as National Secure Processing; Tribune Management, Inc., a corporation, also doing business as The Student Loan Group; Mazen Radwan, also known as Michael Radwan and Mike Radwan; Rima Radwan; and Dean Robbins, Defendants.

HERITAGE ASSET MANAGEMENT, INC., a corporation, also d/b/a National Secure Processing; TRIBUNE MANAGEMENT, INC., a corporation, also d/b/a The Student Loan Group; MAZEN RADWAN, a/k/a Michael Radwan and Mike Radwan, individually and as an officer of Elegant Solutions, Inc., Trend Capital Ltd., Dark Island Industries, Inc., Heritage Asset Management, Inc., and Tribune Management, Inc.; RIMA RADWAN, individually and as an officer of Elegant Solutions, Inc., Trend Capital Ltd., Dark Island Industries, Inc., Heritage Asset Management, Inc., and Tribune Management, Inc.; and DEAN ROBBINS, individually and as an officer of Elegant Solutions, Inc., Trend Capital Ltd., Dark Island Industries, Inc., Heritage Asset Management, Inc., and Tribune Management, Inc.

FTC Complaint

Operators allegedly bilked consumers out of more than $23 million

The Federal Trade Commission has stopped a student loan debt relief scheme, alleging it bilked more than $23 million from thousands of consumers with false claims that it would service and pay down their student loans. After the FTC filed a complaint seeking to end the deceptive practices, a federal court temporarily halted the scheme and froze its assets.

According to the FTC’s complaint, since at least 2014, the operators of Mission Hills Federal and Federal Direct Group have lured consumers into paying hundreds to thousands of dollars in illegal upfront fees with false promises to lower consumers’ monthly student loan payments. The defendants also allegedly tricked consumers into submitting their monthly student loan payments directly to the defendants by falsely claiming to take over servicing the consumers’ loans. In reality, the defendants either only applied minimal payments on consumers’ loans or, in many instances, applied none of the payments to the loans, diverting consumers’ payments to themselves.

“Debt relief companies can’t collect advance fees or masquerade as federal student loan servicers,” said Andrew Smith, Director of the FTC’s Bureau of Consumer Protection. “Anyone asking for upfront fees to help with student loan debt is likely a scammer, and consumers should hang up and alert the FTC.”

The Commission also alleged that the defendants obtained consumers’ student loan credentials, such as their FSA ID—a username and password used to log in to U.S. Department of Education websites—to log in and change consumers’ contact information, effectively hindering or entirely preventing consumers’ loan servicers from communicating with consumers. Many consumers went months or years before discovering that their student loans were not being repaid, according to the complaint.

The FTC has charged the following defendants with violating Section 5 of the FTC Act and the Telemarketing Sales Rule: Elegant Solutions, Inc. (also doing business as Federal Direct Group); Trend Capital Ltd. (also doing business as Mission Hills Federal); Dark Island Industries, Inc. (also doing business as Federal Direct Group and formerly known as Cosmopolitan Funding, Inc.); Heritage Asset Management, Inc. (also doing business as National Secure Processing); Tribune Management, Inc. (also doing business as The Student Loan Group); and three individual defendants, Mazen Radwan, Rima Radwan, and Dean Robbins.

How to Avoid Student Loan Debt Relief Scams

To help consumers avoid falling victim to such fraud, the FTC has consumer education related to student loan debt relief scams at ftc.gov/StudentLoans.

Only scammers promise fast loan forgiveness, and they often pretend to be affiliated with the government. Consumers should never pay an upfront fee for help, and should not share their FSA ID with anyone.

Consumers can apply for loan deferments, forbearance, repayment, and forgiveness or discharge programs directly through the U.S. Department of Education or their loan servicer at no cost; these programs do not require the assistance of a third-party company or payment of application fees. For federal student loan repayment options, visit StudentAid.gov/repay. For private student loans, contact the loan servicer directly.

Repaying student loans? Avoid scams. Only scammers promise fast loan forgiveness. Never pay a fee up front for help. Scammers can fake a government seal. Don't share your FSA ID with anyone. Report scams to ftc.gov/complaint. Looking for free help? Start with studentaid.gov.

The Commission vote authorizing the staff to file the complaint was 5-0. The U.S. District Court for the Central District of California entered a temporary restraining order in the case on July 10, 2019.

NOTE: The Commission files a complaint when it has “reason to believe” that the named defendants are violating or are about to violate the law and it appears to the Commission that a proceeding is in the public interest. The case will be decided by the court.

The Federal Trade Commission works to promote competition, and protect and educate consumers. You can learn more about consumer topics and file a consumer complaint online or by calling 1-877-FTC-HELP (382-4357). Like the FTC on Facebook, follow us on Twitter, read our blogs, and subscribe to press releases for the latest FTC news and resources.

Contact Information

CONTACT FOR CONSUMERS:
Consumer Response Center
877-382-4357

MEDIA CONTACT:
Nicole Drayton
Office of Public Affairs
202-326-2565

STAFF CONTACT:
Michelle Grajales
Bureau of Consumer Protection

202-326-3172

 

Robert Nolan of Halyard Capital Had Knowledge of Alec Difrawi Scams

Robert B. Nolan, Jr., founding partner at Halyard Capital whose business address is below had knowledge of Alec Difrawi who previously did business under the names of Softrock, Inc. or Expand Incorporated or Gigats scams and lawsuits against bloggers.

140 East 45th Street, 37th Floor
New York, NY 10017
Tel: (212) 554-2121

Yes….
Alec is getting deep in bed with Halyard Capital who owns Education Dynamics now. He’s about to hit the home run he’s dreamed about. Totally disgusts me. He is still a criminal.
Can’t believe no one will stop him. Blows my mind.