Court Rules That Amerimod and Salvatore Pane, Jr., Fraudulently Charged Homeowners Illegal Fees for Loan Modifications It Never Delivered
NEW YORK, NY (April 13, 2010) - Attorney General Andrew M. Cuomo today announced a favorable decision in a lawsuit filed by the Attorney General against American Modification Agency, Inc. (“Amerimod”), formerly one of the largest foreclosure rescue companies in the country, and its owner and president Salvatore Pane, Jr. New York Supreme Court Justice Emily Jane Goodman found that Amerimod and Pane engaged in fraudulent, deceptive, and illegal business practices that violated New York’s consumer protection and real property laws. “Amerimod shamelessly victimized vulnerable homeowners, and we are pleased the court recognized this,” said Attorney General Cuomo. “With the Court’s decision, Amerimod and its owner will no longer be able to prey on consumers in New York and across the country. My office will continue to pursue relief for those victimized by this company's practices.”