AG Abbott Announces $14M Restitution Fund for US Fidelis Victims
by: Andrew Schneider, July 20, 2012 4:07:00 am
The victims included 69,000 Texas residents. Texas Attorney General Greg Abbott joined counterparts from eleven other states participating in the liquidation plan for US Fidelis in announcing the fund.
The company misled car owners into believing it was affiliated with vehicle manufacturers and that the owners’ warranties were about to expire.
Tom Kelly is a spokesman for the Texas Attorney General’s office.
“They came in, calling people cold, representing that their warranty would be the equivalent of a new car warranty, which was completely false.”
US Fidelis also flooded the market with deceptive junk mail, robocalls and TV ads. The company’s managing partners have been indicted on criminal charges. For more information, visit the restitution fund webpage.