In 2022, the Student Borrower Protection Center (SBPC) released the results of a months-long investigation into the tech company Prehired, exposing how the firm had resumed pushing worthless credentials on students, paid for via its own predatory private student lending operation. SBPC referred Prehired and its disgraced founder Joshua Jordan to state attorneys general and regulators for prosecution. In 2023, the Consumer Financial Protection Bureau (CFPB) and a bipartisan coalition of 11 state attorneys general and financial regulators ordered the tech sales bootcamp to cease all operations, refund $30 million to defrauded students, and rescind all outstanding predatory private loans.
The below SBPC investigation exposes how, in the months following this settlement, Jordan appears to have relaunched his scam school under the name FastTrack—making the same false promises and using the same marketing materials at the center of the 2023 enforcement action. SBPC sent letters to the 11 states involved in the Prehired settlement outlining its investigation into FastTrack and urging state law enforcement officials to take action.
Read the Press Release: As CFPB Enforcement Folds, Predatory Tech Company Prehired Defies Government Order to Cease Operations and Continues Defrauding Students
Read the Blog: Same Fraud, New Name: Disgraced Prehired CEO Relaunches Predatory Company as “FastTrack”
A Compendium of Evidence Documenting Prehired’s Continued, Unlawful Practices: Here
Read the Letters Alerting States to the Urgent Need to Protect Students and Borrowers From a Corporate Repeat Offender—Prehired (d/b/a FastTrack): Washington, Delaware, Oregon, Minnesota, Illinois, South Carolina, North Carolina, Massachusetts, Virginia, Wisconsin, and California