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Tag: New Jersey Division of Consumer Affairs
Five NJ Gas Stations Pay $138,000 For Overcharging Customers
Five North Jersey gas stations were caught overcharging customers -- including claiming that regular gas was premium -- and now must pay up, state authorities said.
In a settlement aimed at protecting consumers, Sukhdev Singh and his stations in Newark and Belleville will pay the state more than $138,000 collectively, and promised not to do it again, under an agreement that kept formal charges from being filed, Acting New Jersey Attorney General Andrew J. Bruck said.
Bruck identified the stations on Monday as:
KP Fuel, 864 Mt. Prospect Ave, Newark;
BK Fuel, 108 Bloomfield Ave, Newark;
Mil…
Morristown Adviser In Investment Scams Fined $750,000, Loses Registration
A Morristown investment adviser was fined $750,000 and had his registration pulled for selling more than $12 million of unregistered securities in New Jersey, some of which were tied to Ponzi schemes and other scams, state authorities said Tuesday.
Gary Scheer, managing member and sole investment adviser representative of Retirement Financial Advisors, LLC in Morristown, recommended and sold unregistered securities to at least 50 investors from 2010 through 2018, state Attorney General Gurbir S. Grewal said.
He made more than $600,000 in commissions on the sales, which involved franchises, …