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Michigan Attorney General Mike Cox Announces Settlements With Finance Companies Over NorVergence Telecommunications Fraud Claims.

Publication: PR Newswire
Publication Date: 26-MAY-05
Format: Online - approximately 563 words
Delivery: Immediate Online Access

Article Excerpt
LANSING, Mich., May 26 /PRNewswire/ -- Attorney General Mike Cox announced today that he and the Attorneys General from 19 other states and the District of Columbia have reached settlements with three financing companies in connection with a widespread telecommunications fraud involving NorVergence, Inc., a bankrupt New Jersey-based telephone equipment and service company.

In the settlements, CIT Group/Equipment Financing, Inc. (CIT), Lyon Financial Services d/b/a U.S. Bancorp Business Equipment Finance Group (USB), and Wells Fargo Financial Leasing, Inc. (WFFL) will collectively refund or...

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