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Netquote...
This is an April Fool's Joke... REPEAT...THIS IS A JOKE! IT IS NOT REAL!
AP (Denver Co) Following a nine-month undercover investigation by the State of Colorado Fraud division that alleges "extreme intent to defraud customers", Quotesmith has decided to
break up and subsequently lay off all NetQuote employees. Netquote, with local offices here in Denver at 501 Wazee Street, is a wholly-owned subsidiary of Quotesmith.
"We were presented irrefutable evidence of over-billing and reckless behaviour, " said QuoteSmith Presiden William Lackey. "We let Netquote run their own operation and that proved to be a grave error."
Some of the alleged practices include:
*Generating fictitious leads that were sold to insurance brokers nationwide.
*Selling "exclusive" leads to three different insurance brokers.
*Falsely promising cash incentives to vendors who used their affiliate program.
*Providing confidential information generated for insurance purposes to more than a dozen mortgage lenders across the US.
A formal statement will provided at a press conference scheduled for 3:00 p.m. Sunday April 1st. That's April 1st. As in April 1.
THIS IS AN APRIL FOOLS JOKE IT IS NOT REAL!!!
This is an April Fool's Joke... REPEAT...THIS IS A JOKE! IT IS NOT REAL!
AP (Denver Co) Following a nine-month undercover investigation by the State of Colorado Fraud division that alleges "extreme intent to defraud customers", Quotesmith has decided to
break up and subsequently lay off all NetQuote employees. Netquote, with local offices here in Denver at 501 Wazee Street, is a wholly-owned subsidiary of Quotesmith.
"We were presented irrefutable evidence of over-billing and reckless behaviour, " said QuoteSmith Presiden William Lackey. "We let Netquote run their own operation and that proved to be a grave error."
Some of the alleged practices include:
*Generating fictitious leads that were sold to insurance brokers nationwide.
*Selling "exclusive" leads to three different insurance brokers.
*Falsely promising cash incentives to vendors who used their affiliate program.
*Providing confidential information generated for insurance purposes to more than a dozen mortgage lenders across the US.
A formal statement will provided at a press conference scheduled for 3:00 p.m. Sunday April 1st. That's April 1st. As in April 1.
THIS IS AN APRIL FOOLS JOKE IT IS NOT REAL!!!
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