A Bangor used car dealer has been banned from doing business for seven years after being sued by the state for unfair and deceptive trade practices.
Glenn A. Geiser Jr. and his used car dealerships, My Maine Ride and Bumper2Bumper Inc., will be out of business until 2021, according to a news release from the Maine Attorney General’s Office. Additionally, some consumers will be eligible for partial restitution of repair costs for vehicles bought through the dealerships, and may be eligible for forgiveness of loan balances on repossessed cars.
“In addition, the companies Mr. Geiser relied on to exploit consumers will not do business with him in the future. This should stand as a warning to any business that thinks it can cut corners and abuse Maine consumers,” Attorney General Janet Mills said in the release.
Geiser will not be able to apply for the business licenses required to operate a car dealership, repair shop or inspection station, or work for one if it is owned or operated by a member of his household, for the next seven years, according to a consent agreement. Geiser and his companies also will pay some restitution to consumers whose vehicles failed inspection within 30 days of purchase, or became inoperable or unsafe within 90 days of purchase, because of a mechanical defect that was not disclosed.
The companies that provided financing for Geiser’s customers cooperated with the AG’s office in resolving the case. They agreed to stop collection actions for consumers whose vehicles were repossessed – essentially erasing the debt – and to remove all negative information relating to the loans from consumers’ credit reports. In addition, all agreed they will not provide financing for any future business owned or operated by Geiser.
Separate civil litigation is continuing against Bangor Car Care Inc., which is owned by Geiser’s mother, according to the AG’s office.