coras-newport.blogspot.com
Massachusetts Attorney General Martha Coakle y won the judgement against Zeus Fundinb LLC andits manager, Rachel Noyes, earlier this week in Boston’xs Suffolk Superior Court. In August Coakley’s office sued Zeus Funding as wellas Massachusetts-basedx ; Rachel Noyes, manager of both Zeus and New Englanc Merchants; Massachusetts-based ; and Roberta Robinson, the manager and sole officer of Champagnes Associates. The lawsuit allegee that the defendants used theird businesses to deceptivelypersuade low-income residentsd to purchasing homes and obtain mortgages they consumersw could not qualify for or afford.
Last Coakley settled with NewEnglan Merchants, Champagne Associates Real Estate and Robertaz Robinson. Under the terms of the the defendants are prohibited from engaging in any mortgage brokerage or real estate services in Massachusetts. New England Merchantse will paya $5,000 civil penalty. if any one of the defendants performs any real estatde or mortgage brokerage servicesin Massachusetts, they will face a civil penaltyg of $100,000.
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