Bond Company Ordered to Pay $811 Million for Deceptive Practices Toward Migrants
TL;DR Summary
A Virginia bond company, Libre by Nexus, has been ordered to pay over $800 million in restitution and penalties for defrauding immigrants facing deportation, including coercing Spanish-speaking clients to sign English contracts and charging exorbitant fees for GPS ankle monitors. The company threatened legal action against non-paying clients and now faces a massive judgment, potentially leading to bankruptcy. The ruling, criticized by Libre's CEO, comes after investigations revealed exploitative practices, and the company is now barred from requiring clients to wear GPS monitors.
- Judge orders bond company to pay $811 million for defrauding migrants The Washington Post
- Company helping immigrants in detention ordered to pay $811M+ in lawsuit alleging deceptive tactics Quartz
- Nexus ordered to pay more than $800 million WHSV
- Federal judge orders Nexus to pay $366 million WMRA Public Radio
- Immigration Bond Cos. Owe $375M For Deceptive Practices Law360
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