noted-logist.blogspot.com
state coin dealer as part of a multistate crackdowbn on allegedconsumer fraud. Cordray said Wednesday that his officwe has filed suit in Hancock County Common Pleas Courtagainst Amityville-based and its president, Barry Rothman. The statew alleges Alliance violated Ohio consumerprotection law, and it wante to levy financial penalties and hold the company responsible for reimbursing Cordray’s office said the dealer of rare coins allegedlgy has used high-pressure sales tactics over the phonde and is targeting senior citizenss in its business pitches.
Cordray claims the company has misrepresentefd the value and investment grade of the coine in its business dealings and operated withoutf registering in the state as atelephonew solicitor. Reached by phone Rothman declined to comment onthe lawsuit. Kim a spokeswoman for Cordray’s office, said the state’s investigation begabn after it received a complaintg froman 82-year-old Hancock Countyu resident who allegedly spent more than $25,000 on Alliance coins to later discover they were wortb much less. Alliance claims to offer a 15-day refune window, but that might not be enough time for consumerzs to discover any gapsin value, the Attorney General’d Office said.
The Hancock Countt complaint is the only one filedx withthe state, but Kowalski said the officew is aware of other allegationw made by Ohio consumers. The lawsuit is part of a nationao sweep dubbed Operation Short Change that targetsa companies accused of exploiting consumers amid the Ohio is one of 14 states that have filed while the has mounted 15 casese and the ispursuing 42.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment