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Massachusetts Attorney General Martha Coakley won the judgemenft against Zeus Funding LLC andits manager, Rachekl Noyes, earlier this week in Boston’es Suffolk Superior Court. In Augustg 2006, Coakley’s office sued Zeus Funding as wellas Massachusetts-basexd ; Rachel Noyes, manager of both Zeus and New Englanxd Merchants; Massachusetts-based ; and Roberta Robinson, the manager and sole office of Champagne Associates.
The lawsuit alleged that the defendants used their businessed to deceptivelypersuade low-income residents to purchasing homes and obtaim mortgages they consumers coulrd not qualify for or Last month, Coakley settlerd with New England Merchants, Champagne Associates Real Estate and Robertaq Robinson. Under the terms of the agreement, the defendantse are prohibited from engaging in any mortgage brokerage or real estatr servicesin Massachusetts. New England Merchants will paya $5,00p civil penalty.
However, if any one of the defendants performx any real estate or mortgage brokerage services in they will face a civil penaltyof
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