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Suzuki Scammed Them, 19 Customers Say
Headline Legal News |
2008/05/19 08:50
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Nineteen plaintiffs claim a Suzuki dealer offered them a free new car if they drove a promo vehicle for $43 a month for a year, then tricked them into signing purchase contracts for as much as $50,000.
Chad Franklin Suzuki made other promises on which it failed to deliver, the plaintiffs claim in Wyandotte County Court. They claim the dealer said the promo was an effort to get more Suzukis on the road, and that after leasing the cars for $43 a month for 6 or 12 months, they could "return the car and obtain a new car at no cost."
It was a scam, the plaintiffs say. They claim that when they turned in the car for a new one, the defendants subtracted the depreciated value of the old car from the second vehicle, told them "they were no longer in the program," and charged them $16,000 to $26,000 for the new cars, which, financed with "excessive costs," sometimes left them owing more than $50,000.
These defendants are accused of participating in the alleged scam: CFS Enterprise Inc. dba Chad Franklin Suzuki and/or Legends Suzuki, Wells Fargo Bank NA, Wells Fargo Auto Finance, Fifth Third Bank, Americredit Financial Services, and American Suzuki Motor Corp.
Plaintiffs are represented by Charles Kugler of Kansas City, Kan. |
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Investment Fraud Litigation |
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Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws. Securities Arbitration. Generally speaking, securities fraud consists of deceptive practices in the stock and commodity markets, and occurs when investors are enticed to part with their money based on untrue statements.
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