EVT America
Brett wants the
EVT America electric scooter he was promised. A scooter that was
supposed to have a top speed of 40-45 mph, and required a motorcycle license. Unfortunately, while at top speed the speedometer reads 45 mph, he claims that reality differs.
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mortage meltdown
We've been talking about the next wave of the mortgage crisis for quite some time now, and it seems that, as predicted, it's cresting and about to hit. We are, of course, speaking of Option-ARM loans — considered the riskiest of all mortgages due to their ability to
grow rather than shrink. Yes, there actually exists a mortgage that allows the borrower to
pay less than the interest that is accruing on the loan.
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tagged.com
New York's crusading Attorney General,
Andrew Cuomo, has a new target:
social networking contact-spamming site
Tagged.com. He intends to stop the company's practices and seek fines from them. Were the fine $1 per spammy e-mail they've sent, the total would be $60 million. Too much?
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tickets
Ticketmaster will pay a $50,000 fine and shutter more than 100 deceptive brokerage sites as part of a wide-reaching agreement with Illinois
Attorney General Lisa Madigan. Madigan's office accused Ticketmaster's always shady subsidy, TicketsNow, of creating sites that masqueraded as local venues selling tickets at face value. The settlement also requires TicketsNow to wait until after Ticketmaster puts non-sporting events on sale before hawking tickets at outrageously inflated prices.
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lawsuits
Craigslist has announced that they are suing South Carolina Attorney General
Henry McMaster "seeking declaratory relief and a restraining order with respect to criminal charges he has repeatedly threatened against craigslist and its executives." It's on, people.
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prostitution
Connecticut AG Richard Blumenthal has announced that Craigslist will be dropping its controversial "erotic services" section, and will replace it with a moderated "adult" category.
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mortgage fraud
Various U.S. officials, including Treasury Secretary Tim Geithner, announced a multi-agency crackdown on
foreclosure relief fraud today, vowing to "redouble efforts to crack down on schemes that target distressed homeowners and also to share more information and resources across agencies and with state officials," says
the WSJ.
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settlements
Come on people,
Dell agreed to dole out $1.5 million to customers who had problems with
warranty repairs, credit financing, and rebates, but with only a week before the filing deadline, Washington's
Attorney General says that only 42 people in his state have submitted claim forms. We know there are eligible Dell victims out there. Our tipline alone has nearly 1,000 Dell-related complaints. Please, fill out your claim form
now and get the money your state attorney generals earned for you!
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verizon fios
The State of
New Jersey has filed a lawsuit against Verizon, alleging that its marketing, sales, billing and customer service practices for its FiOS television, telephone and internet services are deceptive and misleading. The lawsuit is partly in response to the now-infamous
"Free LCD" disaster.
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scams
Contractor scams are some of the most heartbreaking because of the potential for the scammer to obtain large amounts of money from the victim. About two weeks ago, the NY Attorney General's office announced the arrest of a Western New York home improvement contractor for "repeatedly pressuring an 88-year-old widow into paying more than $80,000 for home improvements that were never done", or were so poorly done as to be worthless.
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scams
ABCNews says that the West Virginia Attorney General is warning people about fake debt collectors who will call you repeatedly at home and at work, threatening you
with arrest for not paying a debt...
that doesn't even exist.
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worst company in america
Someone ring a bell because Connecticut Attorney General Richard Blumenthal has just sued
Countrywide (and, of course, Bank of America) for deceptive lending practices. They're seeking damages of $100,000 for
each violation, as well as "up to $5,000 per violation of state consumer protection laws, disgorgement of all ill-gotten gains and an order compelling the company to cease its illegal practices."
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