EASI Distributorships and the BBB
Here is yet another reason to be wary of the BBB. Better Business Bureau of Middle Tennessee reports that EASI has a satisfactory rating, and then goes to report
"On March 21, 2007, the Connecticut Department of Banking announced that it had entered into a Consent Order (CO-2007-829-B) with Energy Automation Systems, Inc. (EASI). Without admitting or denying any allegations, EASI agrees to Cease & Desist from violating the Connecticut Business Opportunity Act; pay an administrative fine in the amount of $25,000.00; extend a written rescission offer to each Connecticut purchaser / investor who purchased the business opportunity from 2000 forward; the amount of restitution to be paid to each investor electing rescission will be determined via binding arbitration conducted in Connecticut under the auspices of the American Arbitration for a period of 3 years, EASI shall retain counsel familiar with the regulation of business opportunities to evaluate Energy Automation Systems, Inc compliance with the Connecticut Business Opportunity Act at least twice a year.On June 28, 2006, the Florida Department of Agriculture & Consumer Services entered into a Settlement Agreement with Energy Automation Systems, Inc. for failing to be registered in the State of Florida as a Business Opportunity and was ordered to pay a fine of $2,000.00.
On June 6, 2007 the Better Business Bureau spoke with Energy Automation Systems, Inc. regarding the Connecticut and Florida actions and requested the company's written position on these matters. The company's response stated that neither of the actions involved any civil litigation and were basically administrative oversights by their former law firm. The Florida fine was imposed because the previous law firm failed to renew the FL Business Opportunity registration. The Connecticut Consent Order was brought about because the law firm failed to register the company in Connecticut even though instructed to do so. Energy Automation Systems, Inc. is currently registered correctly in Florida and Connecticut."
EASI has to give back the money it took from all who purchased its business opportunities from 2000 forward in Connecticut -but it maintains a satisfactory rating from the BBB? That is absurd.
