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state coin dealer as part of a multistate crackdown on allegedxconsumer fraud. Cordray said Wednesdagy that his office has filer suit in Hancock County Common Pleas Courtagainst Amityville-based and its Barry Rothman. The state alleges Alliance violatec Ohio consumerprotection law, and it wantxs to levy financial penalties and hold the company responsibler for reimbursing consumers. Cordray’s office said the dealer of rare coins allegedly hasused high-pressure sales tactics over the phone and is targeting seniotr citizens in its business pitches.
Cordray claims the company has misrepresented the value and investment grade of the coinsz in its business dealing s and operated without registering in the state as a telephone Reached byphone Wednesday, Rothman declinee to comment on the Kim Kowalski, a spokeswoman for Cordray’s said the state’s investigation began after it receivedx a complaint from an 82-year-old Hancock Counthy resident who allegedly spent more than $25,000 on Alliance coinds to later discover they were wortjh much less. Alliance claims to offe a 15-day refund window, but that mighr not be enough time for consumerds to discover any gapsin value, the Attorney General’sw Office said.
The Hancock County complaint is the only one file withthe state, but Kowalski said the office is awarew of other allegations made by Ohio consumers. The lawsuitr is part of a nationakl sweep dubbed Operation Short Change that targets companiea accused of exploiting consumers amidthe recession. Ohio is one of 14 statesw that havefiled suits, while the has mountecd 15 cases and the is pursuing 42.
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