FTC Freezes ‘Wealth Educators’ Scheme

LOS ANGELES (CN) – The FTC froze the assets of 11 “mortgage assistance” companies a woman ran under the names Wealth Educators, Legal Affiliates & Associates, and others.
     Veronica Sesma charged up to $5,000 up front, but often did nothing for it but cash the check, the FTC said in a March 31 federal lawsuit and April 6 restraining order.
     Sesma, whose whereabouts are not indicated in the two federal filings, called her string of companies “America’s Leading Home Preservation Legal Services,” the FTC said.
     The FTC voted 5-0 to file the lawsuit, and a federal judge in Los Angeles then entered a restraining order against her and her companies.
     Their names include Wealth Educators, Family 1st Preservations, Family 1st Home Loans, Legal Affiliates & Associates, Legal Educators & Co., Family 1st Home Preservation, Legal Educators USA & Co., Stargate Mutual & Associates, Providence Financial Associates, Providence Financial Audits, and Sesma Consulting.
     The FTC also seeks restitution, disgorgement and penalties.

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