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Article: ATTORNEY GENERAL MADIGAN SUES PENNSYLVANIA COMPANY FOR MORTGAGE RESCUE FRAUD

Article from:
US Fed News Service, Including US State News
Article date:
September 30, 2008
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The Illinois Attorney General issued the following news release:

Illinois Attorney General Lisa Madigan today continued her aggressive legal fight against mortgage fraud by filing a lawsuit against a St. Marys, Pa., company, which has been operating a mortgage rescue fraud scheme and preying on vulnerable Illinois homeowners on the verge of foreclosure.

Madigan filed suit in Sangamon County Circuit Court against Aeroworks, LLC, doing business as Augustus Rae and Reed, and its president, John F. Reed. The suit alleges that the defendants violated the Mortgage Rescue Fraud Act and the Consumer Fraud and Deceptive Business Practices Act by falsely promising to help consumers save their homes ...

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