Judge: Defendant Must Provide Bureau Detailed Asset Transfer Information

Mealey's (March 25, 2021, 8:28 AM EDT) -- SANTA ANA, Calif. — A California federal judge on March 16 ordered a defendant allegedly involved in a student loan debt relief scheme that violated the Consumer Financial Protection Act (CFPA) and California’s unfair competition law (UCL) to provide the Bureau of Consumer Financial Protection with a sworn statement of detailed cryptocurrency and asset transfer information by March 30, granting the bureau’s request to order more detailed asset information but denying without prejudice its request for an order to show cause as to why the defendant should not be held in contempt for allegedly violating the financial accounting provisions of the court’s restraining and preliminary injunction orders....