Consumer Financial Protection Bureau v. Stephen Lyster Siringoringo et al
||Consumer Financial Protection Bureau
||Alfred Clausen, Clausen & Cobb Management Company, Inc., Joshua Cobb and Stephen Lyster Siringoringo
||July 22, 2014
||US District Court for the Central District of California
||James V. Selna
||Andrew J. Wistrich
|Nature of Suit:
||Other Statutory Actions
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|January 11, 2017
JUDGMENT by Judge James V. Selna, in favor of Consumer Financial Protection Bureau against Stephen Lyster Siringoringo. 1. Restitution and Disgorgement: Judgment for equitable monetary reliefis hereby entered in favor of the Bureau and against Siring oringo in the amount of twenty million, eight hundred and twenty-five thousand dollars ($20,825,000) as restitution to the affected consumers for the unlawful fees charged and collected by Siringoringo and as disgorgement by Siringoringo of unj ust gains from such fees. 2. Civil Penalty: By reason of the violations alleged in the First Amended Complaint, and taking into account the factors in 12 U.S.C. § 5565(c) (3), judgment for a civil money penalty is entered in favor of the Bureau and against Siringoringo in the amount of one dollar ($1). (see document for details). (MD JS-6, Case Terminated). (dro)
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