Colorado Attorney General John Suthers Office of Consumer Protection has entered into a stipulated consent judgment with Tyrone Tymkovich, Sam Levine, Corporate Acquisitions LLC and Global Acquisitions LLC on allegations the defendants were engaging in deceptive trade practices.
According to the complaint filed in Arapahoe County District Court, Defendant Tymkovich and Levine represented themselves to be a business broker company specializing in the sale of small businesses. Defendants solicit business owners contemplating the sale of their business, making exaggerated claims and false representations as to the benefits of their services. The Defendants convinced over 700 businesses to contract the sale of their businesses. However, Defendants sold fewer that ten businesses from July 2006 – September 2009.
As part of the consent judgment, Tymkovich and Levine are permanently enjoined from soliciting any further clients and making any further sales of the brokerage service or property sales business. Tymkovich and Levine are also barred from collecting any fee’s or up front pre-sales fee’s from existing clients. Additionally, both Tymokovich and Levine agree to pay the Colorado Department of Law a monetary settlement of $1 million each, $1.5 million of which shall be used for consumer restitution.
Please note, the restitution process involves a variety of time consuming steps including; the determination of victims, collection of funds, notification, and disbursements. Recipients who qualify for restitution under the agreement will be notified via mail in a timely manner once these processes are completed. In lieu of contacting our office, continue viewing case updates on our website as public information will be posted as received.
If you believe you may have been affected by Corporate Acquisitions Group or its affiliates, you can file a complaint at www.coloradoattorneygeneral.gov/complaint or via mail at:
Office of the Attorney General
Consumer Protection Section
1525 Sherman St.
Denver, CO 80203