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On July 3rd 2009 Grissom is holding a Press Conference at the Burbank Media Center. Grissom filed a law suit against the Department of Corporation.

Officials at the California Department of Corporations (DOC) knew for year that Dealer Services Corporation (DSC) was allegedly providing commercial Floor Plan loans to California Auto dealers without obtaining a California lenders license. As a result California mom and pop auto dealers were subject to usurious rates up to 500% by DSC.

Mr. Michael Grissom residence of Burbank, California and owner of American Family Auto (a small used car dealership in San Bernardino, CA) filed a lawsuit against Preston Dufauchard the commissioner of California Department of Corporations. Mr. Grissom made many attempts to file an internal complaint against the Los Angeles DOC after being denied access to public records received by the DOC from DSC.

Grissom contacted the DOC by phone over 100 times since November of 2008, and made seven attempts to walk in to demand these public records.

On January 27th 2009 Department of Corporation Los Angeles Office received (Statement of Identity and Questionnaire) SIQ from Claudia Susana Ponce Rogers these document were requested by Mr. Grissom once in DOC Los Angeles, California in person, and twice by phone, this document pertains to the Riverside case RIC 475298 filed July 11 2007 by Mr. Grissom.

IF THE DOC HAD PROVIDED THESE DOCUMENTS IN JUNE 2008 WHEN THEY AGREED TO SEND THEM THE GAME WOULD HAVE BEEN OVER...

MY DAMAGES JUST WENT UP TIME IS ON MY SIDE..

Game Over...

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Anonymous
#61156

Hey Preston DuFauchard, did your staff attorneyJohn R.Drews tell you how the businesses licensed by DMV and your boss, Dale E.

Bonner, were frequentley attacked by DSC.

Dealer Services Corporation would file criminal complaints with the DMV to extort money from their usury victims.

The car dealers, although licensed by the State of California, had no such recourse.DSC was unlicensed as a lender in California.

Anonymous
#61155

California Commissioner Preston DuFauchard pardons loan sharks of over 5,000 felonies. It doesn't seem that DuFauchard has read the Lender laws he is paid to enforce.

Dealer Services Corporation (DSC) pays $60,000 fine to Preston DuFauchard and the Department of Corporations(DOC).

On June 25, 2009 Commissioner DuFauchard alerts the public of DSC's illegal lending by already giving them a license.

The DOC did not bother to talk to any of the victims, but they talked nearly every day to DSC's attorneys at Morrison & Foerster LLP.

Mr. Grissom, you know that money DSC, Dial Finance and the convicted felon Mark White stole from you?

Well, they just gave Commissioner DuFauchard your money. Yep, he got paid $60,000 for covering up for these crooks.

DSC was loan-sharking and charging rates exceeding 500% for four years in California. California businesses were charged millions of dollars in illegal interest in violation of the California Constitution.

Preston DuFauchard makes California usury laws a joke. DSC puts hundreds of California car dealers out of business, stealing millions of dollars. The Commissioner puts $60,000 in his pockets while handing the keys to the criminals.

:(

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