Press Releases

November 01, 2019

Veterans Settle Suit Against Companies that Duped Hundreds out of Their Military Benefits

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A group of military veterans, represented by Jones Day, Jackson Lewis, and Public Counsel, has put a stop to a scheme that bilked veterans out of hundreds of thousands of dollars in military benefits.

The veterans alleged that a network of companies arranged to “sell” their military benefits in exchange for a lump sum payment. The veterans alleged that these transactions violated multiple federal laws, including statutes that protect military benefits from predatory lenders.

Depriving veterans of their military retirement and disability benefits puts their health, homes, and families at risk. 

Our clients – eight veterans from across the United States – have reached an agreement with Defendants Upstate Law Group, Performance Arbitrage Co., Life Funding Options, Candy Kern-Fuller, Katharine Snyder, Michelle Plant, and Mark Corbett.

Under the agreed order, Defendants Upstate Law Group, Performance Arbitrage Co., Life Funding Options, Candy Kern-Fuller, Katharine Snyder, Michelle Plant, and Mark Corbett must:

1. Stop brokering, offering, and/or arranging any veterans contracts, or helping others do so

2. Stop trying to enforce or collect on any veterans contracts

3. Stop all collections actions filed against any veteran who is in default on their veteran contract

4. Stop acting as any escrow agent for a new veterans contracts and end existing escrow activities as quickly as possible

Defendants also must notify anyone who invested in these transactions about the Agreed Order and about their rights under the Agreed Order.

If you entered into a veteran contract with one or more of the Defendants, carefully review the Agreed Orders because they may affect your contract.

The court also issued default judgments against Defendants BAIC, SoBell Ridge Corp., VFG, Inc. (formerly known as Voyager Financial Group), Financial Products Distributors, LLC, David Woodard, and Andrew Gamber for failing to respond to the lawsuits.

Veterans involved in any dispute about the enforceability of an agreement to buy military pensions or benefits are encouraged to have counsel review the pleadings in the cases, as they are valuable guides for future litigation.  

Read the full release here. 

Read the agreed order for permanent injunction here.