Document text
Oregon Road Conditions & Cams Email Story to a Friend June 13, 2005 Local trio face racketeering suit The state has accused the ex-owners of Alpine Mountain Homes of theft, banking violations The Associated Press SALEM — The owners of a former manufactured housing dealership in Southern Oregon face a racketeering lawsuit filed by the state attorney general’s office, alleging theft and violation of banking laws. Gary A. Waggoner of Medford and Brad M. and Deborah A. Blanchard of Rogue River operated the now-defunct Alpine Mountain Homes Inc. of Medford and White City, also doing business as AM Mortgage and AM Realty. Attorney General Hardy Myers also obtained a temporary restraining order against the trio, preventing them from disposing of assets, destroying records or working in the industry pending a hearing on June 20. Myers alleges in the lawsuit that Waggoner and the Blanchards violated the racketeering law through a pattern of wrongful activities such as thefts, forgery and violation of Oregon’s mortgage banker and broker law. The complaint also alleges that Waggoner and the Blanchards, acting together and through their employees, violated the state consumer protection laws by repeatedly deceiving customers. "Victims of this conspiracy have lost thousands of dollars and many have nothing to show for it," Myers said. "This is the case of a company in financial trouble deceiving its customers and misappropriating their money." Advertisement In addition to consumers, several companies that did business with Alpine Mountain Homes have suffered losses including Bombardier Capital Inc., a Massachusetts corporation operating from Vermont, and Fleetwood Homes of Oregon Inc., based in Riverside, Calif. Bombardier has sued Alpine and Gary and Nancy Waggoner in federal court for allegedly selling homes "out of trust." Bombardier "floored" units for Alpine and paid the factory. Alpine then sold the units and did not reimburse Bombardier, according to the complaint. Fleetwood, under a contract with Bombardier, was forced to buy back approximately six homes from Bombardier due to the alleged activities of the defendants. Other consumers have filed private lawsuits in Jackson County Circuit Court. In addition, the state Department of Consumer and Business Services is investigating any potential violations of the Oregon Mortgage Lender laws as well. The attornery general’s lawsuit seeks restitution for all victims and seeks to permanently prohibit Waggoner and the Blanchards from operating, owning or investing in any business that sells or finances manufactured homes in Oregon. The lawsuit also seeks $25,000 in civil penalties for each unlawful trade practice violation and reasonable attorney fees. Under the state racketeering law, the attorney general seeks a civil penalty of $250,000 against each defendant for participating in a racketeering enterprise, legal and investigative costs, and forfeiture of all money and property derived through any illegal conduct. Mail Tribune Home | Local News | Sports | Business | Obituaries | Life | Opinion AP News | Archives | Site Map | Community | Classified Copyright © 1997-2005 Mail Tribune, Inc. All rights reserved. Privacy Policy | Terms & Conditions | Website Feedback www.bingo.com Home Security Systems Trunks, Footlocker dvd-r Distance Education Computer Security Ztech Media Hosting Sports Equipment Student Loans Online Pharmacy tcg student loan consolidation Online Casino Reviews Myspace Home Equity Loans Windermere Van Vleet Deep Muscle Stimulator Discount Hotel Reservations Southern Oregon Loans Online Casino News Online Bingo Entertainment Guide Salvia Divinorum Online Casino Fundraisers Advertisement s