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Report: #845839

Complaint Review: Ron Sahni & Ollie McKinney - Internet

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  • Reported By: GWriter — Compton California United States of America
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  • Ron Sahni & Ollie McKinney 3711 Long Beach Boulevard, Suite 900 Internet United States of America

Ron Sahni & Ollie McKinney Rabni Sahni, Lite Solar is the latest in a series of Ron Sahni companies. Internet

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Ranbir "Ron" Singh Sahni and Oliver "Ollie" McKinney appear to have been linked for some time. Sahni lost several cases to the FDIC in the late 1980's and early 1990's as his S&L collapesed at taxpayer expense. They were enjoined by the court (FTC as Plaintiff) in the mid-1990's under Consumer Fraud and Abuse statutes. Caveat Emptor.

"The FTC brings this action under Sections 13(b) and 19 of the Federal Trade

Commission Act ("FTC Act"), 15 U.S.C. $5 53(b) and 57b, and the Telemarketing and

Consumer Fraud and Abuse Prevention Act ('Telemarketing Act"), 15 U.S.C. $ 6101 et seq., to secure temporary, preliminary, and permanent injunctive relief, restitution, rescission or reformation of contracts, disgorgement, and other equitable relief for Defendants' deceptive acts or practices in violation of Section 5(a) of the FTC Act, 15 U.S.C. $45(a), and the FTC's Trade Regulation Rule entitled "Telemarketing Sales Rule" (the "Telemarketing Sales Rule" or "TSR"), 16 C.F.R. Part 310."

"BUSINESS - FSLIC Sues Ex-Thrift Owner Sahni for $45 Million Over Loan Defaults November 22, 1988 | JAMES S. GRANELLI, Times Staff Writer

Ranbir S. Sahni, a former Orange County savings and loan owner, was slapped with a $45-million lawsuit Monday by federal regulators who claim that he is in default on loans owed to the defunct Consolidated Savings Bank in Irvine. The Federal Savings and Loan Insurance Corp., as receiver for Consolidated, claims that Sahni hasn't repaid six promissory notes used to buy a 157-acre parcel in Carson that was once a dump site for hazardous waste."

This report was posted on Ripoff Report on 02/28/2012 09:37 AM and is a permanent record located here: https://www.ripoffreport.com/reports/ron-sahni-ollie-mckinney/internet/ron-sahni-ollie-mckinney-rabni-sahni-lite-solar-is-the-latest-in-a-series-of-ron-sahni-845839. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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