Watch out Leasing Companies - There's a new kid in town. PDF Print E-mail
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Wednesday, 13 April 2005
In an earlier posting, I mentioned that the leasing companies grossly underestimated the Norvergence victims when they started suing us for paying our bills on time. Our good friend Rhonda Shearer has taken the fight to the next step.

Her new website, www.lesseerights.org, is a co-operative effort by many Norvergence victims and sympathizers geared to reform the leasing companies bylines and inner workings to better serve public interests instead of just their own. Mrs Shearer's website is also the home of the Lessee Rights Assn. (LRA) and Norvergence Victims Action Committee (NVAC) of Norvergence, new associations created by Rhonda and her constituents to further their cause against the leases written fraudulently by Norvergence and sold to multiple LCs nationwide.

Citing fraud on the part of the leasing companies is nothing new for Mrs. Shearer. In a recent scathing report her firm published on the fraud perpetrated by the leasing companies, and specifically CIT, Rhonda held no punches as she uncovered more and more evidence of fraud on the part on the LCs, not only regarding the Norvergence scandal, but in their general practices and day to day operations as well. CIT even threatened Fight The Scam with a defamatory lawsuit when we posted a single link to the report. Talk about admitting guilt!

With Lesseerights.org rallying the troops to rise up with fresh vigor to expose the LCs and their practices, Mrs Shearer has become the biggest thorn in the side for CIT and now all of the LCs involved with Norvergence. The ramifications may seem drastic on the surface, exposing banks for Insurance Fraud, Bank Fraud and unfair business practices, but the long term benefits of rooting out the corruption in these institutions may be the first major step in improving the system and ensuring legal regulation of leases, something that must be addressed in our banking system if it is to survive the economic crisis our nation is just beginning to feel the effects of. Hold onto your hats, gentlemen, you just invoked the wrath of a powerful, intelligent and organized woman, whose reputaion and expertise is not something you can simply sweep under the rug. Better cut those retainer check to your lawyers, you're going to need them.

Charles Triglianos, creator and admin, Fight the Scam

For further information, visit the site at www.lesseerights.org.
 
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