Richman Law Group and co-counsel Mobilization for Justice represent Ms. Barker, an Afro-Caribbean cancer survivor who is at risk of losing her Brooklyn home of over 35 years due to a fraudulent equity-stripping scheme. Plaintiff brought suit against 10 Defendants, alleging violations of the Truth in Lending Act (TILA), Home Ownership Equity Protection Act (HOEPA), New York Banking Law § 6-l, and New York State usury law against a private lender, and violations of General Business Law § 349 and the Racketeer Influenced and Corrupt Organizations Act (RICO) against all Defendants.
As described in Plaintiff’s Complaint, Defendants regularly target distressed homeowners with equity in their homes, require them to transfer title to sham corporations so as to circumvent consumer protection laws, and issue loans that extract usurious rates of interest through deceptive means.
Richman Law Group represents Mr. Merizier, an individual previously held in immigration detention, and his cosigner Mr. Edouard, against Libre by Nexus, Inc. (“Libre”). The case challenges Libre’s deceptive and unlawful financial practices targeting immigration detainees who have been granted the option by U.S. Immigration Court to post bail in lieu of remaining in detention.
Plaintiffs’ Complaint alleges that Libre, holding itself out as an immigration bail bond provider, rents out GPS ankle monitors at exorbitant rates and requires detainees to wear them for the duration of their immigration cases as a condition of obtaining bond financing. In reality, Libre is not an actual, licensed immigration bond provider, but merely serves as a middleperson connecting detainees to licensed bond companies, which are not parties to the ankle monitor lease agreements. The Complaint alleges that Libre exploits detainees’ limited English-language abilities and their need to escape detention by having detainees execute English-language contracts that are not accurately explained to them, and falsely representing that it can send its clients back to U.S. Immigration and Customs Enforcement (ICE) or immigration detention. The Complaint also alleges that a typical Libre client is required to pay over $10,000 to Libre while their immigration case is pending, none of which is credited towards their actual bail bond fee.
Richman Law Group obtained a $25.75 million settlement with Wells Fargo & Company and Wells Fargo Bank, N.A on behalf of a nationwide class of approximately 2.7 million mortgage borrowers who defaulted on their Wells Fargo home loans. The homeowners alleged that Wells Fargo violated the Racketeer Influenced and Corrupt Organizations Act (RICO) by ordering repeated unnecessary property inspections following their defaults and then concealing the nature of the charges for these services.