Vivint Replaces Founder With Former COO, Amid Numerous Illegal Activity Complaints

Former ****** ***, ****** ***** *** ***** ******* ***** ****** ***

** **** *, ****, Vivint************** *********** ****** *** *******'* new ***, ********* **** 15. ******* *** *** at ****** **** **** to **** *** *** of ****** ***** **** 2016 ** ****. **** announcement ********** *********** ** **** Pedersen, ******* *** ****** CEO ** ******, ** the **** ***** *** *** *** taking ****** ******* ****** for ******* ************** ****.

***** ******* ** * seasoned ********* **** ********** at ******, ** *** also ** ****** ** operations **** ****** *** Vivint ***** **** ********** fraudulent ******** ********** *** 2010s.

Vivint ***** $** ******* ** *** *** ********* ******* ********

****** *******'* **** ** an ********* ** ****** and ****** *****, **** companies ******* ** ******** that ******** ** *********** fines *** *********** **** the ** **********, ********* the ***, *** **** attorney *******, *** *** Jersey ******** *******.

******* *** *** ** Vivint **** ***** **** started ** ********* **** "hundreds ** *********" ** accounts *** ********* **** bad ****** *** *** not ******* *** ******* financing. ****** **** ***** the ********* ** ***** as ****, *** *******************, *** ********* ** allow ****. ****** ********** paid * ******-******* $** million *** ** *** FTC ** ***** ** May ****.

Vivint ***** ******* **** *** **** ******** ******* **** "*********" *********

** ******* ****, ****** Solar**** $*.** ******* *** as * ************ *** *** **** attorney *******'* (****) ****** after *** ****** ************ Vivint's ******** *********. *** attorney ******* ****** ****** Solar's ********* *** *********** "false, **********, ** *********," including "****************** ***** ********* savings **** ** ***** personnel, ** **** **** marketing *********, *** ** Vivint *****'* *******." *** example, ****** ***** ********** a ** ** **% savings ******** ** ****** rates ******* ** ******* companies *** *** **** writes "*** ****** *** of... ***** ****-***** ******* representations **** ********* *** attainable." *******, ****** ***** would ******** ** ********* these ******* ** ********* even **** ******* ***** fell *** ****** *****'* did ***:

*** **** ********** **** Vivint ***** *** *** disclose **** ********* ***** be ****** * **% increase ** ***** ******* rate ** *** *** of *** ********* **-**** contract:

********* **** ******** ****** Solar "****** ** ***** them ******** **** ** review **********" ********* "******** directly ** *** ********* page." **** ********* **** allege **** ****** ****** their **********:

*** ************* **** ********** that ****** ***** ********* solar ****** "** ***** that **** ** ****** to *********' ***** *** other ***** ** ***** homes" ******* *** ******* would "**** ** ******* some *********' ***** ** ensure **** **** *** fit *** *** ************ of ***** ****** ****** consumers **** *********."

Vivint ***** ******* **** *** ****** ******** ******* *** ******* *********

** ****, ****** ************ * ******* **** with *** *** ****** attorney ******* (****)*** "********* ***** *********." Many ** *** ****'* allegations **** ******* ** the ****'* ********* *************** overall *******, ******* ** provide ******** *******, *********** workmanship ****** ************ *** failing ** ******* *** consumer **** * ***** view ** *** ********. The **** **** ******* that ****** ***** "******** consumer ******* **** * consumer ********* ****** ******* the ******** ********** * business *********** **** ****** Solar *** ******* *** consumer's *********." ****** ***** paid ~$***,*** ** **** settlement.

Other ****** ********* ********* ********

****** *** **** **** twice ** *** *** deceptive ***** *********, **** in **** *** ***** in ****. ******** ** 2013, ***** ******* *** COO ** ******, ****** sales **** ***** ******* to ** ********** **** ADT ** **** ****** to ********* *********' *****, then **** **** **** to ******, ********* *****'* *********:

******’* ***** ****** *** false ***** ******* **** mislead ***’* ********* **** believing **** *** ****** represent *** ** **** they *** ********* ********** with ***, *** **** they *** ******** ** install *** *** ***** equipment **** ** **** they **** ** *** affiliation

**** ******, *** ****** sign ***’* ********* ** new ********* **** ******.

** ****, ****** ********** paid *** $** ******* USD ** ****** *** lawsuit. *******, ** ****, ADT ************ *********, ******** ******'* ********* practices **** ***** *******, despite *** ******** **** settlement.

****** ***** *** **** engaged ** **** * dozen ******** **** "************ allege ****** ****** ******** contracts ** ********* ******* in ***** ** *********,"********* ** * ************** ******** *****, ***** ******** *** diligence ** ****** *********. 19 ** *** ** lawsuits *** ****** ****** out ********** ******** **** Vivint ***** "******" ******* consumers' ********** ** *** contract. ***** ****, ****** ***** **** forged *** ********* ** a ******** *** ** a ********.

Future ********** *** ****** ***** ****

******'* ******* ****** **** the ******* ** *** looking ******* *** *** leadership *** *** ** plans ** ************* ****** its ********* ******** ** business. ***** *******'* **********, Vivint *** ****** ***** allowed ********* ***** ********* to ********. ** ** unlikely **** ** *** Bywater **** ****** *** strategy *************. ***** ******'* outgoing *** *** **** the ******* *** ***** steps ** "********** *** compliance ********," ** *** not ********** ** **** those ******* ***. ****** off ** ******** ******* for ******* **********, ******'* picking * *** *** who ******* ********** ****** these ******* ********** ** negative *** *** *******.

Vivint ******** ** *******

****** ******** ** ******* to ****'* ******** ****** whether ******* **** ***** fundamental ******* ** ****** in *** **** ** its *********** **** *** US **********.

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