It appears as though the Division of Consumer Affairs has issued a press release settling an open matter with Cherry Hill Triplex, which is actually Foulke Management Corporation. Cherry Hill Triplex has agreed to a $750,000 settlement with the Attorney General’s Office and the Division of Consumer Affairs: $450,000 is restitution and $300,000 in the civil penalties, which are suspended. The Division of Consumer Affairs case resolves around a lawsuit they filed in March 2006 alleging violations of the New Jersey Consumer Fraud Act. Allegations arose out of the companies’ advertisement of $8,000 guaranteed for the trade, no credit check and instant credit qualifications. The Division of Consumer Affairs was alleging that Cherry Hill Triplex specifically stated “You instantly qualified, regardless of your credit”. The state also alleged that Cherry Hill Triplex failed to properly display prices on new and used motor vehicles. It appears as though Cherry Hill Triplex got caught making promises that they could not keep. The New Jersey Consumer Fraud Act prohibits affirmative misrepresentations that have the capacity to mislead.
Te Division of Consumer affairs has the power to enforce the Consumer Fraud Act and file suit and negotiate fines and penalties that have been or could be assessed by the State. This Division has investigated and fined many dealer for deceptive practices. Remember that you can files suit on your own against and business even if under investigation by the Division of Consumer Affairs