Yale and Carolyn Schiff President and Owner of Synergy Funding Corp. Issued phony car titles to obtain $175,000 in loans for defunct company and failed to repay loans Riverwoods Illinois
A Cook County Circuit Court trial judgement of more than $1.4M dollars was levied against Yale Shiff of Riverwoods, IL President and and owner of Synergy Funding Corp. for a fraudulent scheme to obtain business loans by utilizing phony automobile titles to secure funds for his now defunct business: Synergy Energy Crop.
Schiff was found to have created not less than 39 automobile titles to secure pver $175,000 in loans. Schiff then refused to repay the principal and interest on the loans.
At trial, the court awarded Chcago Auto Loans, LLC compensatory damages for fraud of over $480,000, and punitive damages of over $960,000. Chicago Auto Loans, LLC. was represented by Chicago attorney Randall B. God of Fox & Fox, S.C., with offices in Chicago, Madison, Wisconsin, and Milwaukee, WI.
1 Updates & Rebuttals
Erroneous information written by the Ripoff Report
#2Author of original report
Tue, March 29, 2016
EDITOR’S COMMENT: Normally we write a full long borderline dissertation about the First Amendment and so on, however, this Rebuttal is so ridiculous that we aren’t even going to waste our time. What we will tell you is this…this Rebuttal is false in two parts: 1) Ripoff Report’s staff doesn’t “write the headlines” for the subject Reports (the author of the subject postings do that); and 2) Ripoff Report did not erroneous attribute reporting on this posting (because we didn’t write it or come up with the user name). Do you REALLY think that our staff has any clue what this matter is about, let alone have any information names, etc. to purposefully include information into some random Report? Ripoff Report receives thousands of Reports. Come on people…find some common sense and use it. If you want to blame anyone, then blame the author of the Report for not accurately reflecting facts, not make up some false allegations about the forum on which it was posted.
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This report contains two pieces of incorrect and erroneous information, added by the editors of the Ripoff Report.
1) The editors of the Ripoff Report wrote their own headline concerning this judgement and they inserted the name Carolyn Schiff, in relationship to a judgement filed against Yale Schiff, on their own. They were not provided with this information by outside sources.
2) Randall B. Gold was not involved in providing any information to the Ripoff Report concerning this judgement. The Ripoff Report erroneously attributed reporting on this posting.