Thursday, December 09, 2004

Bobo's World

I'm shocked. There are bad people in Bobo's world.

Lakewood-based General Steel Corp. engaged in consumer fraud and deceptive business practices by leading customers to believe they were getting deep discounts on steel buildings, a judge ruled.

Jefferson County District Judge Brooke Jackson imposed the maximum fine of $200,000 on owner Jeffrey Knight and lesser fines on other company officials. He also ordered restitution for customers of the company, which sells steel buildings used in agriculture and commerce.

General Steel praised portions of the ruling, including a decision by Jackson not to fine the company itself. But it vowed to appeal other "aspects of the case."

The judge said that the General Steel, in some of its ads including those done by personalities Paul Harvey and Rush Limbaugh, pitched products at 50 percent off, when the buildings were being sold at full price.