Processing Your Payment

Please do not leave this page until complete. This can take a few moments.

June 21, 2010

Restitution ordered for Biddeford oil dealer

By The Mainebiz News Staff

An oil dealer in southern Maine charged with failing to deliver fuel to more than 300 pre-paid customers must pay nearly $400,000 in restitution, a judge ordered last week.

York County Superior Court Justice G. Arthur Brennan approved an agreement that requires Nicholas Curro, owner of three Biddeford-area oil companies -- Price-Rite Oil, Veilleux Oil & Service and Perron Oil -- to pay $394,000 to 313 customers, according to the Portland Press Herald. Curro was also fined $250,000, which will be reduced to $25,000 if the restitution is paid within five years. The Attorney General's Office sued Curro in January 2009 for bilking customers out of pre-paid oil, and a judge last year ruled he violated the state's Unfair Trade Practices Act.

Dave Johnson, Curro's attorney, previously said his client may not "have the financial wherewithal to do anything" to reimburse customers, according to the paper. Curro's companies' assets were sold last year to repay secured creditors.

Go to the article from the Portland Press Herald >>

Sign up for Enews

Most Recent

Most Recent

Comments

Order a PDF