Wilson County News
Consumer Updates blog header
Wilson County News • 1012 C St • Floresville • TX • 78114 • Ph: 830-216-4519 • Fax: 830-393-3219 • Email:
Saturday, Apr 19, 2014
Login
Not a subscriber? Click here.
Are you a WCN subscriber?
Set up your password.

 
E-Mail
Password
  Remember me
 
  Forgot password?
La Vernia News
Google
Google

Preview the Paper
Preview this week's Paper

Consumer Updates

New Braunfels Sport Vehicle Business Surrenders License For 5 Years




E-Mail this Story to a Friend
Print this Story

Disclaimer:
The author of this entry is responsible for this content, which is not edited by the Wilson County News or wilsoncountynews.com.
October 21, 2011 | 1630 views | 1 comment

Texas Attorney General resolves enforcement against Olson Powersports

NEW BRAUNFELS -- A pretrial settlement agreement negotiated by the Texas Attorney General’s Office will require a New Braunfels-based all-terrain vehicle sales retailer to surrender its sales license. In 2010, the State charged Olson Powersports and its owners with defrauding their customers by failing to deliver vehicles even after purchasers paid for them in advance.

Under a final judgment approved by the court, Brandon and Debra Olson -- owners of Olson Powersports -- are prohibited from selling ATVs in Texas for five years, required to provide refunds to their customers, and must pay $30,000 in civil penalties and attorneys’ fees to the State. Because the defendants financially mismanaged their ATV dealership, the Attorney General’s initial legal action asked the court to freeze the firm’s assets so that funds would be preserved for customers who never received the ATVs they purchased. Customer refunds will be prorated from the defendants’ previously frozen accounts.

Prior to the State’s enforcement action, the defendants sold ATVs through a number of entities associated with Olson Powersports -- including: The Family Exchange, Big Time Powersports, Big Time ATV and Star Power. An investigation by the Attorney General’s Office revealed that the defendants failed to deliver recreational vehicles after customers paid in-full for their purchases online. The defendants required up-front payment and, in exchange, guaranteed delivery of selected vehicles within five to seven days, often in time for children’s birthdays. However, the defendants either failed to actually ship the pre-paid ATVs or shipped them weeks or months after the agreed-upon dates.
 
« Previous Blog Entry (October 19, 2011)
 


Your Opinions and Comments
 
Elaine K.  
Floresville  
October 21, 2011 2:39pm
 
 
New post.
 

Share your comment or opinion on this story!


You must be logged in to post comments:



Other Consumer Updates


 
^Top
  Copyright © 2014 Wilson County News. All rights reserved. Web development by Drewa Designs.
^Top