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A California man who bilked people out of up to $65 million by using deceptive sales tactics to enroll them in a student loan relief service pleaded guilty Friday to federal charges, prosecutors said.
Brandon Frere, 42, of Sonoma County, entered pleas to wire fraud and money laundering.
Frere ran three companies out of Rhonert Park, north of San Francisco. They were Ameritech Financial, American Financial Benefits Center and the Financial Education Benefits Center.
Between 2014 and November 2018, the firms offered to do the paperwork for borrowers who wanted to apply for federal student loan reduction and forgiveness programs, according to Frere’s plea agreement cited in a statement from the U.S. attorney’s office.
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