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Violation Tracker Individual Record

Company: Richmond Capital Group et al.
Penalty: $77,298,631
Year: 2024
Date: February 8, 2024
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Mega-Scandal: Predatory Lending
Violation Description: Richmond Capital Group, Ram Capital Funding, and Viceroy Capital Fundings and their principles agreed to pay over $77 million to resolve allegations of usury and fraud due to illegally high-interest, short-term loans and undisclosed fees.
Level of Government: state
Action Type: agency action
Agency: New York Attorney General
Civil or Criminal Case: civil
Facility State: New York
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.