SCHOOL SUES OVER COPIER/PRINTER LEASES

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SCHOOL SUES OVER COPIER/PRINTER LEASES

 user 2009-06-09 at 10:29:06 am Views: 50
  • #21880
    http://www.stclairrecord.com/news/219217-governor-french-academy-sues-over-copierprinter-leases
    Illinois Governor French Academy sues over copier/printer leases
    Governor
    French Academy has filed suit against a Washington County resident,
    alleging the academy was frauded out of large sums of money.GFA claims
    Kevin Welch contacted it in 2000 in hopes of trying to lease the
    academy a copier/printer. During his sales pitch, Welch also indicated
    he could obtain equipment lease financing for the copier through SBP
    Leasing.Based upon Welch’s spiel, GFA agreed to sign an equipment lease
    contract with SBP Leasing, according to the complaint filed May 14 in
    St. Clair County Circuit Court.

    Subsequently, GFA entered into
    six new lease contracts based upon Welch’s advice, the suit states.Each
    time GFA entered into a new contract, Welch promised the academy the
    lease would be used to pay off any obligations under old leases, GFA
    claims.However, GFA began receiving bills for lease payments related to
    old leases, the complaint says.When it asked Welch what was happening,
    Welch responded that the paperwork was slow and the problem would be
    taken care of, according to the complaint.But in March, GFA began
    receiving certified demand letters related to the old leases, the suit
    states.

    GFA claims Welch was using the money it was sending him
    for his own use and not to pay off previous leases as promised.”Welch
    entered into and promoted a scheme of transactions with GFA wherein
    Welch would make a lease with GFA through a financing company such as
    Great American Leasing, SBP Leasing, Wells Fargo, Marlin Leasing, CIT
    or AEL who then become the lessor for the purposes of receiving monthly
    payments from GFA,” the suit states.GFA is seeking actual damages in
    excess of $50,000, plus unspecified punitive damages, attorney’s fees,
    costs and other relief the court deems just.It will be represented by
    Kevin J. Stine of Mathis, Marifian, Richter and Grandy.