A pair of Colorado businessmen are accused of persuading more than 700 businesses in this and other states to pay thousands of dollars for unnecessary net-worth appraisals, Colorado Attorney General John Suthers' office said Friday.

Businessmen Tyrone Tymkovich of Aurora and Sam Levine of Castle Rock and their businesses, Corporate Acquisition Group and Global Acquisitions Group were named in a lawsuit filed in Arapahoe County that accuses them of convincing small-business owners that potential buyers were ready to acquire their firms and needed an appraisal.

Of the $5,000 the men charged for their service, just $1,000 of the fee was actually devoted to the appraisal. They also are accused of overstating their business success in order to lure clients and of giving money-back guarantees they didn't always honor.

Suthers is seeking restitution for victimized businesses and an injunction against future fraud."

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