Additional Information for Capital Sun Investments LLC

The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.

On June 18, 2019 Capital Sun Investments LLC and Jimmy Calderon entered a Stipulated Order for Permanent Injunction and Monetary Judgement with the Federal Trade Commission. The Order settles allegations that the business allegedly participated in a scheme that bilked consumers out of millions of dollars using false promises that they could reduce their monthly payments, or eliminate or reduce their student loan debt. The business charged illegal upfront fees for telemarketing debt relief services, provided deceptive student loan debt relief representations, provided material debt relief misrepresentations and received disgorgement of ill-gotten gains. Under terms of the Assurance, the business is banned from secured and unsecured debt relief products and services, prohibited against misrepresentation relating to financial products and services, prohibited against unsubstantiated claims, and prohibited from telemarketing practices. The business must pay a monetary judgement in the amount of $1,313,000. A suspension was placed on the judgment until financial statements are reviewed. The business must relinquish dominion and all legal and equitable right, title and interest in all assets and may not seek the return of any assets. The Assurance was for settlement purposes only and should not be considered as an admission of guilt or finding of violation of the law. 

This action is final.