YABBA-DABBA-DOOOOOOOOOOOO

I just received a Certified-Mail envelope from the District Attorney's Office in Ventura County, California. IT WAS MY LADCO RESTITUTION CHECK !!!!!! Hooray, the Little People won one for a change. Fight on, #ElizabethWarren !!

It's official...I've been RELEASED FROM LEASE

Hotdiggity-dawg....I got a letter today from LADCO Leasing stating the following:

Persuant to the terms and conditions of the Stipulated Final Judgment entered in the Superior Court for Ventura County, California....Elavon can advise you that: 1. Your outstanding lease obligation has been cancelled... 2. Any collection agency activity...has been terminated... 4. Any derogatory statement...to a credit reporting bureau...has been requested to be changed to satisfied status.

Here is the complete document: https://docs.google.com/open?id=0B7nVRu9gJJQMLVBjai1TOG9DVmM  (**Deb's note: link no longer valid. Will have to locate my copy and post at a later time. Sorry!)

The Ruling Against Ladco: Press Release

Here is a link to the press release issued by Ventura County (California) District Attorney's office:

http://www.vcdistrictattorney.com/wp-content/uploads/2013/02/12-030-Ladco-Settlement-Disney.pdf

Action!

Wow, the Ladco Leasing (et al.) merchant scam has finally caught the attention of the news media. Here is the text of an email I received late last night:

A news reporter from NBC 7  in San Diego has expressed an interest in interviewing small businesses  who have been targeted in this scam.

Now that the holidays have passed and we are into the new year, there has been a flurry of activity involving legal entanglements with Ladco Leasing et al. One of the members of the Ladco group discovered this very interesting website: http://www.knology.net/~olefogie/INDEX.HTM It is one humongous wealth of information shared concerning merchant scams. And wouldn't you know it, right there under this company's aliases is LADCO LEASING.

********************************* Microfinancial/Leasecomm Throws in the Towel After 20 months of futile attempts to secure new funding for their scam operations, Microfinancial/Leasecomm has “thrown in the towel” as far as Leasecomm is concerned and decided to completely re-invent their criminal corporation. The criminal reputation of Leasecomm has become too well known to continue operations under that name. In order to get desperately needed funding, they had to come up with a new alias. The new ALIAS is TIME PAYMENT CORP. The new website has no reference, whatsoever, to their relationship with Microfinancial or Leasecomm. Kudos To all the victims and the Govt. agencies that have taken a stand and fought this evil corporation. WARNING! The criminal mind is seldom changed, just redirected ****************************** More Aliases Transaction Enabling Systems proudly claims MFI as their "parent corporation", but others, such as Ladco Leasing and Northern Leasing have attempted to remain anonymous. Ladco and Northern were exposed on the Yahoo Finance message board for MFI by Daniel Ficello. "Big Dan" is believed to be an employee of MFI because his home address is listed as Daniel Ficello of 59 Cambridge rd. Woburn Ma. (781) 938-6726, which is very close to MFI headquarters.

The author of this website affirms what the people in our group have been learning, that it's worth your time and effort to FIGHT FIGHT FIGHT these crooks. Too many people don't, so they can afford to lose a few because they are MAKING SO MUCH MONEY OFF OF THEIR VICTIMS. I'll be back soon with some updates gleaned from e-mails.

link to my ladco questionnaire

https://docs.google.com/document/d/1a119jEMo7QAYgUngwierkVKLYnZbjSzoiB9BipZOIoM/edit?hl=en_US

Ventura County DA is investigating....

The Ventura County District Attorney's Office is conducting an investigation into the business practices of Ladco Leasing, Inc. ("Ladco"), of Thousand Oaks, California. The investigation could result in a civil prosecution by our office in which we would seek injunctive relief, penalties and restitution to victims of any unlawful or unfair practices committed by Ladco. Ladco was involved in the business of leasing equipment credit-card swiping terminals to small businesses. If you or your business was a party to a lease with Ladco, we request that you please call Christine Mitchell of the Ventura County District Attorney's Office at 805/662-1731. Thank you for your assistance in this matter.


Christine Mitchell
Senior Paralegal
Ventura County District Attorney
Special Prosecutions Division
5720 Ralston Street, #300
Ventura, CA 93003

805/662-1731 Christine.Mitchell@ventura.org