On December 17, 2021, the Consumer Financial Protection Bureau settled its lengthy, five-year litigation with Access Funding, LLC, Access Holding, LLC, Reliance Funding, LLC, Lee Jundanian, Raffi Boghosian, Michael Brokowski, and Charles Smith for a paltry disgorgement of $40,000 and a $10,000 civil penalty. The settlement was approved by Judge Ellen Lipton Hollander, who took over the case after the retirement of Judge J. Frederick Motz in 2017. The stipulation states that Lee Jundanian was the CEO of Access Funding from February 2013 – May 2014, and an advisor to the company thereafter, and had an ownership interest in Access Funding from its inception to its dissolution. Boghosian was the chief operating officer of Access Funding from May 2014 to October 2015. According to the settlement stipulation, the Access Funding Defendants neither admitted or denied the allegations in the CFPB’s complaint, except those necessary to establish jurisdiction over the settling defendants.
Jack Cohen, Board Chairman of the Association of BellTel Retirees passed away suddenly on September 29, 2021. Jack was a tireless advocate for all retirees, as well as a beloved husband and doting grandfather. The world is a lesser place without Jack Cohen, and his sage advice and wisdom on issues facing retirees will be sorely missed by all of us here at Edward Stone Law. Rest in Peace, Jack Cohen.
A link to Jack’s obituary can be found here. If you would like to make a donation to one of the non-profits that were important to Jack, you can do so at the links below.
The Association of BellTel Retirees: https://belltelretirees.org/donate-now/
Support Connection: https://supportconnection.org/donate-now/
This is no time to be silent. To be silent is to be complicit.
Edward Stone Law stands in solidarity with the Black community in support of the fight to end racial injustice.
In the words of Martin Luther King, Jr., “Injustice anywhere is a threat to justice everywhere.”