Breaking News – $38 million class action lawsuit against Brican America alleging fraud
Leasing News posted an alert regarding Brican America, Miami, Florida on October 5, being sued over its leasing portfolio sold into a bank regarding “marketing agreement” not disclosed built into lease documents.
This alert was dropped at Leasing News attention by Bernie Boettigheimer, CLP, President of Lease Police. Amounts to just Brican America was inside act of wanting to sell instances its lease portfolio. In doing research, Bernie found NCMIC Finance Corporation dba Professional Solutions Financial Services (PSFS), Clive, Iowa having a claim against Brican for $38 million involving 1672 leases. He wanted Leasing News to alert readers associated with this company.
Sales within the systems to dentists and optometrists use advertising revenues reimbursing the purchaser on the system cost, prior to an ex-salesman of Brican America, joined with the suit brought by NCMIC Finance Corporation dba Professional Solutions Financial Services (PSFS), Clive, Iowa.
Seems like one of many two men behind Brican America is Jean-Francois Vincens. The operation is very much like the recent Royal Links Golf Carts leased to country clubs determined by advertising to afford the carts and perhaps even earn profits. Jean-Francois Vincens was one of the principals in Recomm, who had over $125 million in losses involving over 30 leasing companies, including Colonial Pacific Leasing, Lease Partners, Bell Atlantic TriCon, Finova, GreatAmerica Leasing, Textron, among others. This is conclusive evidence in regards to the Brican America Scam.
You can find multiple sites with information with regards to the lawsuit including a South Florida Lawyer. If you are interested int he Brican America Lawsuit – there exists more to learn only at that link.
