Post-Script on a Dealer Story
Some of you may recall the blog I posted about a year ago (January 18, 2014 to be exact) about a used vehicle dealer in Charlotte who was in hot water with the Feds and the State of North Carolina for some racially insensitive credit practices, remarks, and business practices. Well, the matter has been settled and it cost the dealer, Zuhdi A. Saadeh, (and/or his surety and/or his insurance company) a cool $225,000.00 which is being used to create a fund to compensate consumers who have been harmed by his actions and practices. In addition to the monetary requirement the dealer has been required to implement some special conditions, measures, and practices in the conduct of his dealership business.
It is truly sad the authorities had to become involved and take taxpayer money to force this dealer to treat consumers fairly and within the bounds of the applicable laws. But this story should be a lesson to consumers and dealers alike that commerce can and should continue as long as all involved parties follow the rules.
Consumers who are eligible for money back under the settlement will be contacted by the settlement administrator later this year by mail. Individuals who believe that they may have been victims of illegal conduct by Auto Fare or Southeast Auto and have questions about the settlement can call 1-800-896-7743, mailbox 92, or send an email to AutoFareLawsuit@usdoj.gov.
If you believe you have been harmed by the actions or business practices of Auto Fare, Inc. or Southeastern Auto Corp. or another vehicle dealership in North Carolina, please contact me for a consultation about your case.
- Posted in: auto dealer fraud ♦ Legal News
- Tagged: Auto Fare, business practices, buy here pay here, Charlotte, Equal Credit Opportunity Act, federal government, GPS, Inc., lending practices, North Carolina Attorney General, racially discriminatory, reverse redlining, Roy Cooper, Southeastern Auto Corp, U.S. Department of Justice, unfair and deceptive trade practices act, used vehicle dealer, Wilkinson Boulevard, Zuhdi A. Saadeh