Jump to content

Bradford Stroh: Difference between revisions

Edit links
From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
m Reverted edits by 71.244.30.84 (talk) to last version by Chicago bar
element appears to be a shill for FDR the claim of vandalism is invalid
Tag: possible BLP issue or vandalism
Line 10: Line 10:
}}
}}
'''Bradford G. Stroh''' is an entrepreneur, who has founded and led several companies, and also an author. Stroh co-founded Freedom Financial Network<ref>{{cite journal |last1=Rigoglioso |first1=Marguerite |url=http://www.gsb.stanford.edu/news/bmag/sbsm0511/feature_finance.shtml |title=Renegotiating Debt: One Consumer at a Time |journal=Stanford Business Magazine |date=2007-11 |accessdate=2010-01-31 }}</ref> and several related specialty finance businesses. He is currently the CEO of [[Bills.com]].
'''Bradford G. Stroh''' is an entrepreneur, who has founded and led several companies, and also an author. Stroh co-founded Freedom Financial Network<ref>{{cite journal |last1=Rigoglioso |first1=Marguerite |url=http://www.gsb.stanford.edu/news/bmag/sbsm0511/feature_finance.shtml |title=Renegotiating Debt: One Consumer at a Time |journal=Stanford Business Magazine |date=2007-11 |accessdate=2010-01-31 }}</ref> and several related specialty finance businesses. He is currently the CEO of [[Bills.com]].
==Regulatory Issues & Legal History==

Washington - Freedom Debt Relief must refund Washington consumers for all fees paid in connection with debts that weren’t settled or aren’t in active negotiation programs -- those fees add up to $742,613 or more.<ref>{{cite web|title=Attorney General’s Office argued Freedom Debt Relief’s fees were improper|url=http://www.atg.wa.gov/pressrelease.aspx?id=27454|work=WA Attorney General}}</ref>

Colorado - Eleven Companies Settle With the State Under New Debt-Management And Credit Counseling Regulations
Freedom Debt Relief, LLC, dba Freedom Debt, Freedom Debt Help, Freedom Debt Reduction, Freedom Debt Relief USA, Freedom Financial Network and Debt Resolution Partners, a California debt settlement company, refunded $509,582 to 558 Colorado consumers and paid $109,500 in investigation costs and penalties. It failed to comply with the law’s provisions on cancellation rights, cautionary disclosures and advertising, and was not registered when it contracted with Colorado consumers. It is registered as of Feb. 3, 2009 <ref>{{cite web|title=CO Attorney General|url=http://www.coloradoattorneygeneral.gov/press/news/2009/03/12/eleven_companies_settle_state_under_new_debt_management_and_credit_counseling_|work=enforcement actions taken under debt management laws}}</ref>

Deleware – The Delaware Department of Justice announced today that a California debt management services company will pay $153,000 in restitution to 105 Delaware consumers with whom it conducted business without complying with Delaware’s debt management services statute. Freedom Debt Relief, LLC (“FDR”) had been providing debt management services in Delaware without first completing the licensing process required by the 2007 Uniform Debt Management Services Act. FDR, which is now licensed in Delaware, will also pay $10,000 to the Attorney General’s Consumer Protection Unit to cover its enforcement costs.<ref>{{cite web|title=Consumer Protection Unit acts to safeguard Delawareans in debt|url=http://attorneygeneral.delaware.gov/media/releases/2009/Consumer%20Protection%20Unit%20acts%20to%20safeguard%20Delawareans%20in%20debt.pdf|work=DE Attorney General}}</ref>

California - THE PEOPLE OF THE STATE OF CALIFORNIA, V
FREEDOM DEBT RELIEF, LLC, a Delaware Limited Liability Company; FREEDOM DEBT RELIEF, INC. a California Corporation; FREEDOM FINANCIAL NETWORK, LLC, a Delaware Limited Liability Company dbas FREEDOM DEBT RELIEF, FREEDOM DEBT HELP, FDR; FREEDOM MORTGAGE; ALIVIO MORTGAGE, LLC, a Delaware Limited Liability Company; ALIVIO HOLDINGS, LLC, a Delaware Limited LiabilityCompany; BILLS.COM, INC., a Delaware Corporation; BILLS.COM, LLC, a Delaware Limited Liability Company dba BILLS.COM; FREEDOM TAX RELIEF, LLC, a Delaware Limited Liability Company; ANDREW HOUSSER, an individual, BRAD STROH, an individual, and DOES 1 through 25, inclusive <ref name=CA>{{cite web|title=Consent Judgment|url=http://www.corp.ca.gov/ENF/pdf/f/FDR.pdf|work=Dept of Corporations}}</ref>

New York – Attorney General Eric T. Schneiderman today announced a major settlement that will refund money to more than 5,000 New Yorkers across the state who were defrauded by a deceptive and harmful debt settlement company. Freedom Debt Relief, one of the country’s largest debt settlement companies, misled debt-saddled consumers about the amount of money they would save and the services it would provide, while reaping large profits in up-front fees. As part of the settlement, Freedom Debt Relief will pay $1.1 million to refund former customers, offer current customers hundreds of thousands of dollars in refunds if they withdraw from the program, and pay $100,000 in penalties to the state. The agreement is available here.<ref>{{cite web|title=Bureau of Consumer Frauds and Protection|url=http://www.ag.ny.gov/media_center/2011/mar/Schneiderman%20v%20Freedom%20Debt%20Relief.pdf|work=NY AG}}</ref>

Idaho - Idaho Code 26 -2227. The Director of the Department of Finance concluded that Freedom Debt Reliefs conduct and business practices are evidence by the foregoing facts demonstrate a lack of fitness to engage in business activities authorized for a licensee. FDR’s application for a debt/credit counselor license was denied.<ref>{{cite web|url=http://finance.idaho.gov/ConsumerFinance/Actions/Administrative/Freedom%20Debt%20Relief,%20LLC%20Findings%20of%20Fact,%20Conclusions%20of%20Law,%20and%20Preliminary%20Order.pdf|work=state reference}}</ref>

Rhode Island - On November 15, 2007 the department issued order number 07-334 that directed respondent to cease and desist unlicensed debt management plan activities, the order included a notice to impose administrative penalties with respect to the unlicensed activities conducted by the respondent. FDR stopped accepting new customers in RI. <ref>{{cite web|url=http://www.dbr.state.ri.us/documents/decisions/BK-Freedom_Financial-Consent_Order.pdf|work=State Reference}}</ref>

Illinois - DEFAULT JUDGMENT
Default having been entered against defendant, Freedom Debt Relief, LLC, on January
14, 2011, for failure to answer or to otherwise respond to the complaint, IT IS ORDERED that plaintiff’s Motion for Default Judgment is GRANTED. Pursuant to 11 U.S.C. § 548(a)(1)(B), judgment is entered against the defendant and in favor of the plaintiff in the amount of $5,724.00 plus costs in the amount of $250.00..<ref>{{cite web|title=THE UNITED STATES BANKRUPTCY COURT
FOR THE SOUTHERN DISTRICT OF ILLINOIS|url=http://cdn.getoutofdebt.org/wp-content/uploads/06817270258.pdf|work=NY AG}}</ref>


==Education==
==Education==

Revision as of 05:50, 17 November 2011

Bradford Stroh File:Bradford Stroh.jpg
Born (1973-05-05) May 5, 1973 (age 51)
Chicago, Illinois, United States
Occupation(s)Businessman, Entrepreneur
Known forFreedom Financial Network
Bills.com
Websitehttp://www.bradstroh.com/

Bradford G. Stroh is an entrepreneur, who has founded and led several companies, and also an author. Stroh co-founded Freedom Financial Network[1] and several related specialty finance businesses. He is currently the CEO of Bills.com.

Washington - Freedom Debt Relief must refund Washington consumers for all fees paid in connection with debts that weren’t settled or aren’t in active negotiation programs -- those fees add up to $742,613 or more.[2]

Colorado - Eleven Companies Settle With the State Under New Debt-Management And Credit Counseling Regulations Freedom Debt Relief, LLC, dba Freedom Debt, Freedom Debt Help, Freedom Debt Reduction, Freedom Debt Relief USA, Freedom Financial Network and Debt Resolution Partners, a California debt settlement company, refunded $509,582 to 558 Colorado consumers and paid $109,500 in investigation costs and penalties. It failed to comply with the law’s provisions on cancellation rights, cautionary disclosures and advertising, and was not registered when it contracted with Colorado consumers. It is registered as of Feb. 3, 2009 [3]

Deleware – The Delaware Department of Justice announced today that a California debt management services company will pay $153,000 in restitution to 105 Delaware consumers with whom it conducted business without complying with Delaware’s debt management services statute. Freedom Debt Relief, LLC (“FDR”) had been providing debt management services in Delaware without first completing the licensing process required by the 2007 Uniform Debt Management Services Act. FDR, which is now licensed in Delaware, will also pay $10,000 to the Attorney General’s Consumer Protection Unit to cover its enforcement costs.[4]

California - THE PEOPLE OF THE STATE OF CALIFORNIA, V FREEDOM DEBT RELIEF, LLC, a Delaware Limited Liability Company; FREEDOM DEBT RELIEF, INC. a California Corporation; FREEDOM FINANCIAL NETWORK, LLC, a Delaware Limited Liability Company dbas FREEDOM DEBT RELIEF, FREEDOM DEBT HELP, FDR; FREEDOM MORTGAGE; ALIVIO MORTGAGE, LLC, a Delaware Limited Liability Company; ALIVIO HOLDINGS, LLC, a Delaware Limited LiabilityCompany; BILLS.COM, INC., a Delaware Corporation; BILLS.COM, LLC, a Delaware Limited Liability Company dba BILLS.COM; FREEDOM TAX RELIEF, LLC, a Delaware Limited Liability Company; ANDREW HOUSSER, an individual, BRAD STROH, an individual, and DOES 1 through 25, inclusive [5]

New York – Attorney General Eric T. Schneiderman today announced a major settlement that will refund money to more than 5,000 New Yorkers across the state who were defrauded by a deceptive and harmful debt settlement company. Freedom Debt Relief, one of the country’s largest debt settlement companies, misled debt-saddled consumers about the amount of money they would save and the services it would provide, while reaping large profits in up-front fees. As part of the settlement, Freedom Debt Relief will pay $1.1 million to refund former customers, offer current customers hundreds of thousands of dollars in refunds if they withdraw from the program, and pay $100,000 in penalties to the state. The agreement is available here.[6]

Idaho - Idaho Code 26 -2227. The Director of the Department of Finance concluded that Freedom Debt Reliefs conduct and business practices are evidence by the foregoing facts demonstrate a lack of fitness to engage in business activities authorized for a licensee. FDR’s application for a debt/credit counselor license was denied.[7]

Rhode Island - On November 15, 2007 the department issued order number 07-334 that directed respondent to cease and desist unlicensed debt management plan activities, the order included a notice to impose administrative penalties with respect to the unlicensed activities conducted by the respondent. FDR stopped accepting new customers in RI. [8]

Illinois - DEFAULT JUDGMENT Default having been entered against defendant, Freedom Debt Relief, LLC, on January 14, 2011, for failure to answer or to otherwise respond to the complaint, IT IS ORDERED that plaintiff’s Motion for Default Judgment is GRANTED. Pursuant to 11 U.S.C. § 548(a)(1)(B), judgment is entered against the defendant and in favor of the plaintiff in the amount of $5,724.00 plus costs in the amount of $250.00..[9]

Education

Stroh received his MBA from Stanford Business School, where he was an Arjay Miller Scholar,[10] and received a BA from Amherst College, where he captained the men's Lacrosse team.[11]

Career

Prior to founding Bills.com and Freedom Financial Network, Stroh was an investor in financial services and growth companies at TA Associates, a private equity fund, CIVC Partners, an investment fund, and Doll Capital Management, a venture capital firm. Stroh has also worked with two start-ups: Trigo Technologies (sold to IBM[12]) and Luminous Networks, a Gigabit Ethernet startup. He is an investor, board adviser and Board Member to several entrepreneurial companies, including Ujogo, BioIQ, Goldline International, Position2, SharesPost, Stream Dynamics, Realty Nation, Vertical Brands,[13] Group Card, Home-Account and Vitality Health (sold to CarePayments Technology,[14]).[15]

In 2002, Stroh and his business partner Andrew Housser founded Freedom Financial Network (FFN), to provide a full range of specialty financial services to U.S. consumers.[16] Companies within the Freedom Network are Freedom Debt Relief, offering debt relief assistance; Freedom Tax Relief to manage IRS tax debts; Golden Road Financial focused on mortgage lending; and the most recent acquisition in early 2010, Home Account. Stroh is currently the Founder and CEO of Bills.com which provides tools and information to help consumers make better personal financial decisions. Entrepreneur magazine named Bills.com #3 in the Hot 100, of fastest growing companies in America. Bills.com has been named to the Inc. 500/5000 in 2008, 2009, and 2010.[17] The company employs approximately 600 people, and has annual revenue of $106 million.[18]

Stroh also wrote the fictional novel The Dharma King about Tibetan Buddhism and the search for the Panchen Lama.[19]

Awards

  • Winner of the Ernst & Young Entrepreneurs of the Year for the Northern California region[20]
  • Named to the Silicon Valley/San Jose Business Journal's "40 Under 40" list[21]

Personal life

Stroh lives with his family in the bay area of northern California.[19] He is married to Brandy Stroh[22] and is a father of two children.[23]

Community involvement

Brad Stroh, both directly and through his companies, has supported the following organizations in the community. This is done in equal parts through volunteering time and through direct donations.

References

  1. ^ Rigoglioso, Marguerite (2007-11). "Renegotiating Debt: One Consumer at a Time". Stanford Business Magazine. Retrieved 2010-01-31. {{cite journal}}: Check date values in: |date= (help)
  2. ^ "Attorney General's Office argued Freedom Debt Relief's fees were improper". WA Attorney General.
  3. ^ "CO Attorney General". enforcement actions taken under debt management laws.
  4. ^ "Consumer Protection Unit acts to safeguard Delawareans in debt" (PDF). DE Attorney General.
  5. ^ "Consent Judgment" (PDF). Dept of Corporations.
  6. ^ "Bureau of Consumer Frauds and Protection" (PDF). NY AG.
  7. ^ state reference http://finance.idaho.gov/ConsumerFinance/Actions/Administrative/Freedom%20Debt%20Relief,%20LLC%20Findings%20of%20Fact,%20Conclusions%20of%20Law,%20and%20Preliminary%20Order.pdf. {{cite web}}: Missing or empty |title= (help)
  8. ^ State Reference http://www.dbr.state.ri.us/documents/decisions/BK-Freedom_Financial-Consent_Order.pdf. {{cite web}}: Missing or empty |title= (help)
  9. ^ "THE UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF ILLINOIS" (PDF). NY AG. {{cite web}}: line feed character in |title= at position 35 (help)
  10. ^ "2002 Arjay Miller Scholars". Stanford.edu. Retrieved 2010-02-18.
  11. ^ "Bradford Stroh Amherst College Page". Amherst.edu. Retrieved 2010-02-08.
  12. ^ "IBM to buy Trigo, expand data sync offerings" (Press release). TechTarget. 2004-03-09. Retrieved 2010-01-31.
  13. ^ "Vertical Brands Board of Advisors". Vertical Brands. Retrieved 2010-04-19.
  14. ^ "Vitality Financial Acquired by CarePayment Technologies". Reuters. Retrieved 2010-09-01.
  15. ^ "Freedom Financial Network Management Team". Freedom Financial Network. Retrieved 2010-01-31.
  16. ^ Duxbury, Sarah (2004-05-30). "Freedom Debt Relief: Pitching the last inning of client debt". San Francisco Business Times. Retrieved 2010-02-08.
  17. ^ "Entrepreneur magazine". Retrieved 2008-08-26.
  18. ^ Green, Laura (2011-04). "Brad Stroh builds an entrepreneurial culture to grow Bills.com". Smart Business. Smart Business Network Inc. Retrieved 2011-04-05. {{cite journal}}: Check date values in: |date= (help)
  19. ^ a b "The Dharma King: The Thrilling Novel of One Man's Quest to Save Tibet--and Himself (Hardcover)". Amazon.com. Retrieved 2010-01-31.
  20. ^ "Award recipients for Ernst & Young Entrepreneur Of The Year 2008 Award in Northern California announced" (Press release). Ernst & Young LLP. 2008-06-23. Retrieved 2009-12-06.
  21. ^ "Dynamic Duo". Silicon Valley / San Jose Business Journal. 2008-05-16. Retrieved 2009-12-11.
  22. ^ The basic principles of effective consulting. Google Books. Retrieved 2010-01-31.
  23. ^ "Bradford Stroh (bstroh) on Twitter". Twitter.com. Retrieved 2010-01-31.

Profiles

Talks

Template:Persondata

Retrieved from "https://wiki.riteme.site/w/index.php?title=Bradford_Stroh&oldid=461070253"