Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Friday, March 29, 2024 | Back issues
Courthouse News Service Courthouse News Service

Investor Says Remington Financial Group|Violates State Order To Continue Fraud

OAKLAND (CN) - Remington Financial Group violated a cease and desist order by demanding advance fees, purportedly to perform due diligence for a borrower and investor, according to a RICO complaint in Alameda County Court. The plaintiff says the State of California enjoined Remington from doing this in 2003, but it's doing it again.

Remington, a Pennsylvania corporation, operates out of offices in Philadelphia, and Scottsdale, Ariz., and does business in California, the complaint states. Plaintiff Donald Davis says it's violating the state order and committing fraud across state lines. He says he lost $25,000, plus expenses, and he never got the loan. He demands treble damages and an injunction. He is represented by Neal Swensen of Fullerton.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.

Loading...