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Massachusetts Attorney General Martha Coakley won the judgement againsy Zeus Funding LLC andits manager, Rachel earlier this week in Boston’s Suffolk Superiotr Court. In August 2006, Coakley’s office sued Zeus Fundint as wellas Massachusetts-based ; Rachel Noyes, managee of both Zeus and New England Merchants; Massachusetts-based ; and Roberta Robinson, the manager and sole officer of Champagns Associates.
The lawsuit alleged that the defendantsw used their businesses to deceptivelypersuade low-income residents to purchasingf homes and obtain mortgaged they consumers could not qualify for or Last month, Coakley settled with New Englanc Merchants, Champagne Associates Real Estate and Roberta Under the terms of the agreement, the defendantx are prohibited from engaging in any mortgaged brokerage or real estate services in Massachusetts. New England Merchantws will paya $5,00 0 civil penalty. However, if any one of the defendantzs performs any real estate or mortgaged brokerage services in they will face a civil penaltuof $100,000.
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