Christian Student Loans

OC business owner Angela Mirabella among several arrested over $ 6.1 million student loan scam


READ MORE: Judge Orders Father Paul Flores to Stand Trial for Murder in Missing Kristin Smart Angela Kathryn Mirabella, 47, was one of seven indicted on a range of charges including conspiracy to commit major theft and unauthorized use of personal identification information in a scheme that prosecutors say has brought in more than $ 6 million to an estimated 19,000 victims nationwide, including 3,000 in California.

Mirabella is the founder of The Mirabella Group LLC, located in Huntington Beach, as well as Student Renew LLC and My Financial Solutions, both located in Newport Beach, according to a grand jury indictment.

Mirabella was due to be brought to justice on Wednesday in the courtroom of Santa Ana prison, according to prison records.

The alleged scheme involved several call centers who “defrauded” student loan holders with promises of debt relief for a total of $ 1,000 in fees paid monthly, the state attorney general said. Calif. Rob Bonta at a press conference Tuesday.

The program operated between 2017 and 2020, Bonta said. The alleged victims paid the fees for debt relief, but received no help and often ended up with higher student loan interest, defaults and late notices, Bonta said.

The defendants allegedly stole around $ 6.1 million, prosecutors said.

Student loan holders assumed their debt was now managed by the companies and the fees they paid were going towards the loans, prosecutors said.

The call centers reached approximately 380,000 student loan holders.

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“Teachers, nurses, single parents – people from all walks of life,” Bonta said. “They claimed to be associated with the US Department of Education and falsely guaranteed that they could reduce student loan repayments.”

When some of the student loan holders became “suspicious”, the callers “applied pressure and false deadlines and implied that there was no other way to get debt forgiven,” Bonta said.

In some cases, defendants were extracting personally identifiable information to change the terms of their student aid without the victims’ consent, Bonta said.

Many victims were unaware that they had been scammed because they had not been notified of late payments due to programs providing relief during the pandemic.

The other defendants are Cesar Sandoval-Vilchis, 35, Stephen Allen Gamboa, 39, Briana Nacole Graham, 35, Matthew Bruce Walsh, 27, Teresa Marie Lovato, 45, and Paulina Francine Pacheco, 32.

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(© Copyright 2021 NewsBroadcasting Inc. All rights reserved. City News Service contributed to this report.)

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