$9.75 MILLION SETTLEMENT – FRAUDULENT SALES OF SOLAR HEATING SYSTEMS IN CALIFORNIA

This case involved fraudulent sales and business practices in the sale of solar heating systems to over 4,000 home owners throughout California. The Dynasty Solar sales persons made misrepresentations about no out-of-pocket costs for the solar heating systems. They did not include the finance charges in the cost benefit calculations and misrepresented how long the system could pay for itself. We alleged the financing violated the Unfair Practices Act and the terms of the loans concealed the balloon payments and appraisal fees. The products contained numerous defects and were misrepresented. The homeowners were compensated and there were no lien foreclosures.