A circuit court judge has ordered Freedom Student and Tax Defense to stop operating in Kentucky.
As BuzzFeed News reported last month, the Kentucky Attorney General accused the company of “hiding from the law” in May, when it failed to respond to a subpoena from his office.
The Florida based Freedom is part of a growing industry of businesses capitalizing on America’s mountain of student debt, telling distressed borrowers they can help restructure or even eliminate student debt entirely. While the industry includes a number of large, legitimate businesses, there are plenty that operate as predatory scams, targeting vulnerable borrowers through online ads and social media.
The Attorney General’s office accused Freedom of falsely claiming it works with the federal government to offer student debt relief services, and of...