A veteran pension-buyout network settled for $2.7 million, its broker banned for a $1 fine
In August 2019 the CFPB and the Arkansas Attorney General sued Andrew Gamber, his companies Voyager Financial Group LLC, BAIC Inc. and SoBell Corp., alleging they misled veterans and other consumers into "selling" their pension and disability payments through contracts that were actually high-interest loans, void under federal law. A separate CFPB action against the broker who arranged the underlying contracts, Mark Corbett, permanently banned him from the business for a $1 civil penalty tied to his documented inability to pay more.
- Year
- 2019
- Where
- United States
- Outcome
- Settled
- Reported loss
- $2.7 million
- Victims
- Not stated in the sources
- Schemes
- Pension advance scams
- Last reviewed
- 2026-09-27
The facts, as recorded
- The CFPB and Arkansas Attorney General Leslie Rutledge filed a complaint against Andrew Gamber, Voyager Financial Group LLC, BAIC Inc. and SoBell Corp. on August 14, 2019 in the US District Court for the Eastern District of Arkansas (Docket 4:19-cv-00565); broker Mark Corbett was separately charged in a CFPB administrative proceeding filed January 23, 2019 (Docket 2019-BCFP-0002).
- The complaint alleged the defendants misrepresented that their contracts were valid, enforceable sales of future pension and disability income, when the underlying payments, mostly VA disability compensation and Defense Finance and Accounting Service military retirement pay, are unassignable under federal law, making the agreements void.
- The Bureau alleged Gamber's companies misrepresented the product as a sale rather than a high-interest credit offer, misrepresented when consumers would receive their funds, and failed to disclose the applicable interest rate.
- A stipulated final judgment entered September 4, 2019 imposed $2.7 million in consumer redress and a $75,000 payment to the State of Arkansas, but suspended full payment of the redress judgment once Gamber paid $200,000 in redress plus the Arkansas payment, based on his sworn financial statements showing an inability to pay more; Gamber and his companies were permanently banned from brokering, offering or arranging pension-payment sale agreements.
- Corbett, who brokered the underlying contracts between consumers and investors, was separately and permanently banned from arranging any agreement in which a veteran purports to sell a future right to pension or disability income, and was fined $1 based on his own documented inability to pay and his cooperation with the CFPB's investigation.
- Consumers harmed by this network were among those who received checks in the CFPB's December 2023 distribution of nearly $6 million to victims of pension-advance schemes.
Why this case matters
This is the clearest documented split in this scheme between the company that funded and profited from the deal and the individual broker who arranged it on the ground, and it shows regulators pursuing both, even when neither could pay the nominal judgment in full.
The “sale” that was a loan
The CFPB’s core allegation is the same one it has made in every pension-advance case it has brought: the contracts told consumers they were selling a future right to income, when in fact VA disability compensation and military retirement pay cannot legally be assigned to a third party at all. Because the underlying assignment is void, the “purchase” the paperwork described was, functionally, an undisclosed high-interest loan.
Two defendants, two very different penalties
Gamber’s companies faced a $2.7 million redress judgment, though the amount he actually had to pay was suspended down to $275,000 combined (redress plus the Arkansas payment) once he demonstrated an inability to pay more. Corbett, the broker who arranged the underlying contracts, was fined $1. Both penalties were set based on sworn financial statements, and both defendants received a permanent, lifetime ban from the pension-advance business regardless of the dollar figure attached.
The caveat
This case ended in stipulated judgments in which the defendants did not admit or deny the CFPB’s specific factual allegations as a matter of adjudicated fact. What is a matter of public record: the complaint was filed, the court entered the judgments described above, and both Gamber’s companies and Corbett accepted permanent bans from this line of business. The characterization of the underlying conduct, that the contracts misrepresented validity, timing and interest rates, reflects the Bureau’s allegations as resolved by settlement, not a trial verdict on the merits.
Sources
- Andrew Gamber, Voyager Financial Group, LLC, BAIC, Inc., SoBell Corp. Consumer Financial Protection Bureau. Accessed 2026-09-27. Supports: The complaint date, court and docket number, the $2.7 million redress judgment and its suspension terms, the $75,000 Arkansas payment, the industry ban, and the misrepresentation allegations.
- Mark Corbett. Consumer Financial Protection Bureau. Accessed 2026-09-27. Supports: Corbett's January 2019 administrative proceeding and docket number, the four Consumer Financial Protection Act violations alleged, his permanent industry ban, and the $1 civil penalty tied to his inability to pay.
- CFPB to distribute nearly $6 million to consumers harmed by predatory loans to veterans. Consumer Financial Protection Bureau. Accessed 2026-09-27. Supports: The link between this case and the CFPB's December 2023 distribution of relief to victims of related pension-advance networks.