AG wins judgement against mortgage firm - Houston Business Journal:

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Massachusetts Attorney General Martha Coakley won the judgement againsrt Zeus Funding LLC andits manager, Rachel Noyes, earliee this week in Boston’s Suffolk Superio r Court. In August 2006, Coakley’sa office sued Zeus Funding as wellas Massachusetts-basedc ; Rachel Noyes, manager of both Zeus and New England Merchants; Massachusetts-basefd ; and Roberta Robinson, the manager and sole officer of Champagnee Associates. The lawsuit alleged that the defendants used theire businesses to deceptivelypersuade low-income residents to purchasingv homes and obtain mortgages they consumers could not qualifuy for or afford.
Last month, Coakleyt settled with New England Merchants, Champagne Associatez Real Estate andRoberta Robinson. Under the termz of the agreement, the defendantxs are prohibited from engaging in any mortgage brokerag or real estate services in New England Merchants will paya $5,000 civil However, if any one of the defendantx performs any real estate or mortgage brokeragw services in Massachusetts, they will face a civi l penalty of $100,000.