Leasing News posted an alert regarding Brican America, Miami, Florida on October 5, being sued over its leasing portfolio sold to some bank regarding “marketing agreement” not disclosed within lease documents.
This alert was fed to Leasing News attention by Bernie Boettigheimer, CLP, President of Lease Police. Seems like Brican America was inside the operation of working to sell facets of its lease portfolio. In doing a survey, Bernie found NCMIC Finance Corporation dba Professional Solutions Financial Services (PSFS), Clive, Iowa possessing a claim against Brican for $38 million involving 1672 leases. He wanted Leasing News to alert readers associated with this company.
Sales on the systems to dentists and optometrists use advertising revenues reimbursing the purchaser for the system cost, prior to an ex-salesman of Brican America, and also the suit brought by NCMIC Finance Corporation dba Professional Solutions Financial Services (PSFS), Clive, Iowa.
Seems like one of several two men behind Brican America is Jean-Francois Vincens. The operation is the same as the recent Royal Links Golf Carts leased to country clubs based on advertising to cover the carts and perhaps even earn profits. Jean-Francois Vincens was one of many principals in Recomm, who had over $125 million in losses involving over 30 leasing companies, including Colonial Pacific Leasing, Lease Partners, Bell Atlantic TriCon, Finova, GreatAmerica Leasing, Textron, among others. This is conclusive evidence regarding the Brican America Scam.
There are multiple sites with information with regards to the lawsuit including a South Florida Lawyer. In case you are interested int he Brican America Lawsuit - there is certainly more to understand as of this link.