Agency / Source: Better Business Bureau Connecticut

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

BBB Connecticut Investigation Prompts Attorney General to Take Action - State Lawsuit launched against two companies and their president for “Illegal Loan Scheme”
BBB Connecticut Investigation Prompts Attorney General to Take Action

 

PRZOOM - /newswire/ - Wallingford, CT, United States, 2008/04/22 - State Lawsuit launched against two companies and their president for “Illegal Loan Scheme”.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Fraud / Identity Theft / Piracy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!

Share your Adsense publishers stories on Google tactics and your revenues drop

 

Better Business Bureau investigations have prompted the Connecticut Attorney General to take legal action against two Hartford-based companies, Mediations, Inc. and Innovations NE, LLC, and their President, Michael Petriccione for a loan scheme that has bilked consumers nationwide out of tens of thousands of dollars.

Better Business Bureau of Connecticut investigators determined that Mediations, LLC (also doing business under the names Northeast, LLC and Innovations N.E., LLC), asks for hefty up-front fees for construction loans, ranging from $1,500 to $26,000, and requires applicants to pay by wire transfer or cashiers check only. To date, complaints to BBB Connecticut reveal losses topping $110,000.
According to the Attorney General’s office, Petriccione claimed to provide legal services even though he is not licensed to practice law in the State of Connecticut.

Attorney General Richard Blumenthal emphasized, “Mediations and Innovations innovated nothing more than bogus claims and an illegal loan scam that cheated consumers out of thousands of dollars.”
"This company,” says Blumenthal, “blatantly disregarded consumer rights and unconscionably exploited various individuals...by naming “references” who never gave permission that their names be used in order to lure victims into the illegal scheme.” These “references” included the CT Attorney General himself, and the late president of Southern Connecticut State University, Michael Adanti.
The Attorney General’s lawsuit, based on an investigation and materials provided by Connecticut Better Business Bureau to the A.G.’s office, alleges the companies’ practices violate consumer protection laws, including public policies prohibiting a loan broker from collecting an advance fee as a condition for provision of services, as well as prohibitions against falsely representing that an individual is entitled to practice law in the state.

BBB Connecticut began its investigation of the companies’ practices in January 2008, based on consumer complaints.
Better Business Bureau President Paulette Hotton reminds consumers and business owners alike that “This is a perfect example of why we urge anyone involved in any kind of business transaction to log on to our website, enter the company’s name and obtain a Reliability Report. If you take a few minutes to investigate, it could end up preventing the loss of money and time to unscrupulous con artists.”

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Fraud / Identity Theft / Piracy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!

Share your Adsense publishers stories on Google tactics and your revenues drop

 

Agency / Source: Better Business Bureau Connecticut

 
 

Availability: All Metropolitan Area

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Fraud / Identity Theft / Piracy articles,
CATCH Visitors via Your Competitors Announcements!


BBB Connecticut Investigation Prompts Attorney General to Take Action

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Howard Schwartz - BBB.org 
203-269-2700 x103 hschwartz[.]ct.bbb.org
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Better Business Bureau Connecticut securities in any jurisdiction including any other companies listed or named in this release.

Fraud / Identity Theft / Piracy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Press Releases From Better Business Bureau Connecticut / Company Profile


Read Fraud / Identity Theft / Piracy Most Recent Related Press Releases:

Group-IB Uncovers A Ramadan-related Scam Targeting Muslim Mobile Users Worldwide
Unitel Selects Subex for Protection Against Telecom Fraud
Ethio Telecom Selects HyperSense Fraud Management
Enterprise Security Concerns Drive Global Demand for Fraud Detection & Prevention Solutions Finds Frost & Sullivan
Fraud Prevention Strategies are Imperative Amid Rising eCommerce Transactions Notes Frost & Sullivan
Signifyd Named Market Leader by Frost & Sullivan for Dominating eCommerce Fraud Prevention with an Exceptional Consumer Experience
NAGRA NexGuard Forensic Watermarking Leverages AWS to Secure Pre-release and Early-release Content
Bitdefender Integrates MSP Security Suite with Datto RMM
Cybereason Announces its Newest Customer G-Star Raw
Bitdefender Finds New Attack Mechanism that Lets Cybercriminals Steal Private Data from Machines Using Intel Processors

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
.



PREMIUM Members


Visit  RightITnow, Inc.

Visit  BizJobs.com

Visit  JobsWare.com







 
  ©2005-2024 PRZOOM - Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today