Portfolio Recovery Associates / John Fuller get on Board
Madness!!! John Fuller Joins Portfolio Recovery Associates
John Fuller, the man behind 100, 000 usury loans in California, is going to be on the Board of Directors of Public Recovery Associates, Inc (PRA) - NASDAQ:PRAA
Here is the mentality of PRA: The debt is expired and legally outside the statue of limitations. The consumer knows this and will not pay PRA. However, what if you have to pay the IRS when PRA sends the consumer a 1099C? Madness!!! Then Portfolio Recovery Associates receives a tax deduction too. Madness!!!
John Fuller is also Chairman of Dealer Services Corporation (DSC), a used car flooring lender that he and Mike Hockett have both claimed to have founded in 2005. DSC, using their hometown court in Marion County, Indiana, has sued over a thousand small car dealers across America, ringing up over $100 million in judgments.
The Marion County Court allows DSC to claim they have been criminally defrauded by mostly out of state used car dealers. Unable to afford to defend themselves in Indiana’s kangaroo courts, DSC is awarded TREBLE damages, with scant evidence of actual damages.
DSC corporate counsel John Wick was in Riverside, California Superior Court today in another attempt to beat down a used car dealer who dared to challenge DSC’s unlawful lending in California. Plaintiff Michael Grissom sued DSC in 2007 after DSC agents misrepresented to him that they were licensed to do business in California as a lender.
However, when Grissom reported DSC’s unlicensed lending to the Departments of Corporations (DOC) in March 2008, DSC immediately filed for a lending license with the DOC on April 1, 2008. With the assistance of DOC counsel John Drews and Doug Gooding, DSC avoided felony loan-sharking charges and violations of the California Constitution’s laws prohibiting usury. DSC paid $60, 000 to the DOC who agreed not to report the felony loan-sharking activities of DSC.
The California Department of Justice has also delayed turning over public records and documents confirming the DOC cover-up; even when the DOC is facing a Mandamus hearing in Los Angeles Superior Court in April 2010 for violations of the Public Records Act.
DOC attorney Doug Gooding, in a ten month search for additional records, was able to find ten pages, which consisted of eight pages that had been provided to the DOC by the requestor. Part of his duties over the last ten months included personally appearing in a limited civil case in Orange County to prohibit access to DSC records.
Is Justice Coming???
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