Business ProfileforEastern Funding & Investment, Inc.
Additional business information
The following describes a pending government action that has been formally brought by a government agency but has not yet been resolved. We are providing a summary of the governments allegations, which have not yet been proven.
On 3/27/2017 the Massachusetts Attorney General's office announced that Kevin Taing was indicted on charges of 9 counts of larceny over $250. Eastern Funding & Investment, Inc. (EFI), owned by Taing, was also indicted today on the charge of Larceny Over $250.
The AG’s Office began an investigation into Taing, a licensed real estate broker and principal of EFI, in late 2014 after a referral from a non-profit legal services agency. Authorities allege that Taing, who is of Cambodian descent and speaks Khmer, persuaded 11 homeowners of Cambodian descent facing foreclosure to make payments to EFI rather than the actual holder of their mortgage loans.
Authorities further allege that Taing led these families to believe that by paying EFI they would reduce their monthly payments, stay in their homes or otherwise resolve their mortgage issues.
Taing allegedly used the money paid to EFI to pay for personal expenses, credit card bills, restaurant and retail expenses, and to support a property near Huntington Beach, Calif.
At-a-glance
Related Categories
Overview
Business Details
- Location of This Business
- 14 Corner St, Lowell, MA 01851-3706
- BBB File Opened:
- 3/28/2017
- Years in Business:
- 13
- Business Started:
- 6/17/2011
- Business Incorporated:
- 6/17/2011
- Type of Entity:
- Corporation
- Number of Employees:
- 1
- Business Management
- Mr. Kevin Taing, President
- Contact Information
Principal
- Mr. Kevin Taing, President
Customer Contact
- Mr. Kevin Taing, President
Customer Complaints
0 Customer Complaints
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