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Violation Tracker Individual Record

Company: Leasecomm
Penalty: $24,000,000
Year: 2003
Date: May 29, 2003
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Leasecomm agreed to cancel $24 million in judgments allegedly obtained through deception and agreed to reform all business opportunity financing contracts to settle allegations brought by the Federal Trade Commission and an eight-state task force. The settlement was also announced by the FTC; see the separate entry.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.