July 7, 2015 “A Monsey-based energy company accused of ripping off people by falsely promising lower rates is being forced to repay $1.25 million to 25,000 customers, the state attorney general said Monday. After an the introductory rate, customers of HIKO Energy LLC saw their electricity bills soar, the AG said in a news release. The settlement amount, which includes fines, resulted from an investigation by the office’s Consumer Protection Bureau. The office found HIKO lured consumers with false promises of lower rates of 10 to 15 percent and then fleeced them with much higher bills.” The company had a contract with the Town of Ramapo and donated to the campaign funds of St. Lawrence, Daniel Friedman, and Ilan Schoenberger. Complete Journal News story here.
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