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.