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 Advocate's
Warning
DSI Financial
DSI's Attorney, Yale Manoff
Company Resolutions Documentation
David Colton Letter, Page 1
August 19, 2004
David H. Coltin
P.O. Box 2023
Seabrook, N.H. 03874
Yale Manoff, P.A.
4400N. Federal Highway, Suite 2 10-26
Boca Raton, Florida 33431
Re: DSI Financial, Inc.
Dear Attorney Manoff:
I am responding to your letter of July 22, 2004 and to our
conversation that took place today. As I mentioned, one item that I was trying
to determine was the size of the company. That has been resolved somewhat by the
disclosure of the settlement with the attorney general of Washington state and
it allows me now to go forward with a fair proposal.
The substance of my proposal as outlined in my July 20, 1994
is based (in my belief that DSI deliberately defrauded the public based on the
nature of the plan itself and this practice is more egregious than the
telemarketing. and sales practices outlined in the settlement notice. The
combination of the two, if presented to a state or federal jury or other
attorney general’s could result in much more significant damages and the
possibility of jail and certainly the shutting down of DSI. A point not to be
missed is that the practices I uncovered were taking place while the state of
Washington and. maybe others were in the midst of an ongoing investigation.
DSI indicated that it had saved me $66,339.77 when, in fact,
it knew that it had not saved me any money but in reality cost me many thousands
should I follow their plan. Therefore I am asking for compensatory damages in
the amount listed, for this would be the only way that DSI could show me the
savings they printed in their plan. Furthermore, I am asking punitive damages of
10 times compensatory, an. amount within the guidelines recently established by
the United States Supreme Court, for a total settlement of $729,737.47.
I suggest an initial payment of 60% ($437,842.48) and the
balance of $29 l,.894..99 be paid in 36 monthly installments of $8108.19.
Addressing your need for assurances, I will not initiate any
legal action, either civilly or through other attorney general’s offices. With
the Washington settlement in hand I could prompt action in a number of other
states as well as find any number of attorneys interested in a class action due
to the numbers involved. My first contact would be
End Colton Letter Page 1 -
Colton Letter Page 2
Go to; Manoff Letter Page 1 -
Resolutions page 1
The Advocate's Advice . . .
We are re-iterating our Warning - Beware of DSI Financial,
or any company that claims to "Correct, Help, Restore, Reduce
or in any way, To fix Your Credit".
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Last Revised:
July 11, 2006 11:47 PM,
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