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Violation Tracker Individual Record

Company: General Electric Capital Corporation
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $2,890,000
Year: 2005
Date: May 17, 2005
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: GE Capital agreed to write off $2.9 million in debt for small businesses in order to settle a multistate lawsuit brought to help victims of the fraudulent bankrupt telecommunications company NorVegence Inc.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.