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Violation Tracker Individual Record

Company: Virtual Reality Funding Co.
Penalty: $1,200,000
Year: 2008
Date: March 29, 2008
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: fraud
Violation Description: VRF and its owner were ordered to pay $1.2 million in restitution and penalties for violating consumer protection laws by offering deceptive loans to homeowners, buying properties and renting them back without the correct licensing.
Level of Government: state
Action Type: agency action
Agency: Arizona Attorney General
Civil or Criminal Case: civil
Facility State: Arizona
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.