Get your vehicle loan discharged for Pennies On The Dollar
I recently received notification from the United States District Court of Washington that I’m entitled to restitution for a very dumb thing that I did about 4 years ago. This dumb thing was paying Jason Christensen $2,500 to have my car loan paid off. The vehicle was worth about $38,000 at that time. I was told that there was a loophole which this particular company, by the name of Controlled Options, had legally exploited to the benefit of their clients with auto loans.
At, the time I thought the deal sounded too good to be true, but at the same time I guessed it was worth risking $2,500 to make $38,000. In other words, I liked the sound of having a car worth $38,000 free-and-clear. For $2,500, which by the way was non-refundable, they were going to discharge the debt on vehicle within 18 months. Well, I paid the the $2,500 to a representative of Controlled Options, who I later found out got a small cut as their commission. I did not have an issue with this since a lot of sales people are only commissioned-based.
Things Can, And Do Go Wrong
After paying my fee, months went by and I did not hear anything. Around the 12 month mark, I got a letter stating that the because of the over-whelming response they had received, discharge of the debt was actually taking a little longer than had expected. Nevertheless, the debt would be discharged. A few months after, nothing had happened and now I could not reach any of the company’s representatives. This was very bad news, and at this point, approximately 18 months after paying my non-refundable fee, I came to the realization that this was just probably a scam, though I couldn’t find anything about the company at the time.
Needless to say I was surprised to received the court letter. The letter basically said that they were prosecuting Jason Paul Christensen on eight counts of wire fraud and eight counts of money laundering. I had never even heard of this guy so I did some research. What I found out was quite interested and also shocking.
I Know Someone On The FBI’s Most Wanted List
Apparently this guy had made the United States Secret Service most wanted list for bank fraud! He was arrested in California in November 2008, though he ran his internet scam operation from Washington state. He had defrauded at least 1,260 people in 19 states, and that he had pleaded guilty in fraudulent $2.68 million consumer debt discharge program.
I also found out that I had paid only the minimum of what this guy was charging. Some of his clients had paid him up to $21,000!
Apparently the money he collected, minus the commissions he paid to his representatives, was later used for his personal, extravagant lifestyle. He was able to recruit large number of representatives because from the money he collected initially, he actually paid of the vehicle debts of his representatives. This was a stroke of genius because now the representatives did all the work and Christensen just collected and spent the money. The representatives provided “legitimate” testimonials for his scam.
Christensen faces a maximum of 20 years in prison and fines of up to $750,000. For more information see the Department of Justice’ Press Release on Christensen.
I hope I get my money back though I’m not holding my breath. I should have gone with my intuition: “if it sounds too good to be true, don’t just walk away… run!!” Gambling is bad thing, and if you do it, be prepared to lose your money.
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