- Report: #741242
Report - Rebuttal - Arbitrate
Complaint Review: Lease Finance Group
Lease Finance Group65 Wacker Place Chicago, Illinois United States of America
Lease Finance Group Northern Leasing Systems Business built on fraud Chicago, Illinois
I went back to our old processor and returned the machines and our nightmare began with two companies - Eliot Management Group and LFG. Fortunately, I had closed our bank account so they couldn't withdraw funds but have since been in a monumental struggle with these people. Finally settled with EMG but LFG is demanding $7000, saying I actually owe them $21, 000.
My lawyer says I should settle since the venue for litigation is New York and it would be too expensive to hire a New York attorney to fight this but I am resisting. These people make a living by conning and scamming small businesses then bullying them into paying exhorbitant cancellation fees. They have a huge corporate machine built on power and intimidation, kind of like the Mafia, and I hate to roll over for them. I am also very pissed off at myself for getting sucked in. I still don't know how it happened, I am usually very careful about these things.
I would like to know if anyone has actually been to court with these people and what the result was. I know I am on the hook for signing the contract, which they are only too happy to remind me at every opportunity, but there is a big issue of fraud here (Fraud in the Inducement in legal terms) and that is the defense I would argue.
I have found an attorney in NY with experience in this area who is willing to take them on and at a reasonable rate. Is an else out there interested in going in on this. Perhaps we can countersue in a test case to see what the courts will rule on the fraud defense and other issues.
If so, please respond
This report was posted on Ripoff Report on 06/15/2011 05:01 PM and is a permanent record located here: http://www.ripoffreport.com/r/Lease-Finance-Group/Chicago-Illinois-60601/Lease-Finance-Group-Northern-Leasing-Systems-Business-built-on-fraud-Chicago-Illinois-741242. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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