Federal Trade Commssion v. Lead Express, Inc., et al., Case No. 2:20-cv-00840-JAD-NJK, U.S. District Court, District of Nevada

On May 11, 2020, the Federal Trade Commission filed a complaint against Harvest Moon Financial, Gentle Breeze Online, Green Stream Lending, and others for allegedly operating a payday lending operation that violated the Telemarketing Sales Rule, Truth in Lending Act and Regulation Z, Electronic Funds Transfer Act and Regulation E.  See https://www.ftc.gov/news-events/press-releases/2020/05/ftc-halts-deceptive-payday-lender-took-millions-consumers

Companies and individuals named in the FTC’s lawsuit include:

Lead Express, Inc.
Camel Coin, Inc.
Sea Mirror, Inc.
Natio Corp.
Kotobuki Marketing, Inc.
Ebisu Marketing, Inc.
Hotei Marketing, Inc.
Daikoku Marketing, Inc.
La Posta Tribal Lending Enterprise d/b/a Harvest Moon Financial, Gentle Breeze Online, and Green Stream Lending
Takehisa Naito
Keishi Ikeda

On May 19, the Court entered a Temporary Restraining Order, freezing defendants’ assets and prohibiting certain business activities.  Shortly after the TRO was entered, defendants ceased business operations.

On June 19, 2020, the Court entered a Preliminary Injunction, appointing a Receiver to take possession and control of the business, among other things.  Defendants ceased operations and the business remains closed.

The Receiver established a website and will post relevant court documents and information. https://regulatoryresolutions.com/case/federal-trade-commission-v-lead-express-inc-et-al-harvest-moon-receivership/. We will post updates on the Receiver’s website as the case proceeds.

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