Judge orders bond company to pay $811 million for defrauding migrants

  • 📰 washingtonpost
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

A company that posts bonds for jailed immigrants facing deportation is ordered pay more than $800 million for fraudulent practices; Virginia would get $14 million.

An immigrant who sued the bond service Libre by Nexus wears a GPS ankle monitor in 2017. A Virginia company that posts bonds for jailed immigrants facing deportation has been ordered to pay more than $800 million in restitution and penalties for fraudulent practices such as getting Spanish-speaking clients to sign English-language contracts that they didn’t fully understand and requiring them to pay $420 a month for GPS ankle monitors.

In a ruling Monday, U.S. District Judge Elizabeth K. Dillon in Roanoke ordered the company and its principals to pay more than $811 million. The judge found that the company owed the consumer protection bureau $231 million in restitution, of which Virginia is seeking $14 million, Massachusetts $3.3 million and New York $13.7 million to reimburse the company’s clients.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 95. in BUSİNESS

Business Business Latest News, Business Business Headlines