Colo. AG suing company over lawsuit recovery claims

Bryan Cohen Aug. 31, 2011, 1:33am


DENVER (Legal Newsline) - Colorado Attorney General John Suthers announced a lawsuit on Wednesday against a Denver-based company that allegedly conducted fraudulent consumer solicitations claiming that it could help recover restitution related to a federal lawsuit.

RMI Associates, which also did business under the names Daily Deal 360 Inc. and recovermyinvestment, and its principals, Damon Smith and Russell Bryant III, were named in the complaint filed in Denver district court.

The defendants allegedly claimed that in exchange for an upfront fee, they could assist victims in recovering their losses related to a federal lawsuit against the Westminster, Colo.-based Dalbey Education Institute, formerly known as American's Note Network.

"Neither our office nor the Federal Trade Commission have any relationship with RMI or the other defendants," Suthers said. "Consumers who believe they are victims of Dalbey Education Institute, formerly known as America's Note Network, can file - at no cost - a complaint with my office or the FTC."

Suthers' office warned consumers about RMI Associates' allegedly fraudulent services in early August after consumer began filing complaints against the companies.

Suthers and the FTC filed the lawsuit against Dalbey Education Institute on May 31, alleging that the company pushed misleading get-rich-quick infomercials that promoted seller-financed promissory notes.

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