CUOMO TO TAKE LEGAL ACTION AGAINST SMARTBUY AND ITS AFFILIATED COMPANIES FOR PREYING ON MEMBERS OF THE MILITARY WITH FRAUDULENT AND DECEPTIVE PRACTICES
WATERTOWN, N.Y. (April 14, 2010) - Attorney General Andrew M. Cuomo today announced that his office has initiated legal action against SmartBuy and its affiliated companies for targeting soldiers with fraudulent and deceptive business practices. An investigation by Cuomo’s office determined that the company and its affiliated lenders targeted soldiers with so-called “financing” offers of monthly payments that were actually open-ended loan agreements, costing the soldiers thousands of dollars extra for consumer electronics.