The state of Colorado wants to talk to two men about their company’s extended warranty program.
Not randomly via phone, but face-to-face in a courtroom. Before a judge.
The men — Jack Yedid and Ralph Anteby, both of New York — own and operate Champion Car Warranty. They’ve worked out of an office in Colorado Springs for the past three years.
The Colorado State Attorney General’s Office filed a civil lawsuit against the men and their business on Oct. 31. It accuses them of failing to fulfill the car warranties they’ve sold, advertising falsehoods and misrepresenting their products and reputation. An El Paso County judge also approved the state’s request to put a stop to the business’s operations and freeze its assets.
Champion Car Warranty sells extended warranty coverage to vehicle owners. An extended warranty is insurance coverage for repairs once a vehicle manufacturer’s warranty expires. An extended warranty can also supplement or overlap with other coverage.
In the case of Champion, state prosecutors claim its owners have unlawfully earned more than $2 million from customers across the country.