A pair of individuals have been indicted by a grand jury in Colorado for their role in running an alleged student loan debt settlement scam. The pair — Jalon Torres and Lisa Marie Ritter — earned more than $1 million from hundreds of victims who were defrauded.
Torres, 45, was the registered agent for Student Resolution Center, which was also known as the Student Resource Center. Going back as far as 2015, he made false promises to individuals with student loan debt as a means of inducing those borrowers to make payments to his company instead of to their student loan servicers, according to prosecutors. Torres falsely promised to reduce or eliminate the individuals’ student loan debts by making a certain number of payments to his company. To get his money, Torres obtained authorization to the individuals’ bank accounts and withdrew payments, which happened to more more than what was listed in the contracts that the individuals signed.
The two defendants allegedly used the proceeds from their scam to buy a house and purchase a luxury vehicle.
Ritter was arrested and made her first appearance before a judge this week, pleading not guilty. Torres was arrested in Florida and is awaiting further proceedings.
In doing some digging on Torres, I came across an article from 2022 detailing that a Florida man — 43-year-old Jalon Torres — was sentenced to 27 months in prison after pleading guilty to charges of cyberstalking and making interstate threats. This Torres harassed a banker for eight months — threatening her life and the lives of her family — after her institution closed his business account for unauthorized activity. Seems like it’s too much of a coincidence to be a separate Jalon Torres, but maybe it is.