Oblio Wins 2.5 Million Dollar Suit Against Clifton Prepaid

Well it seems as if the Oblio mess continues even long after this companies notorious collapse. Back in August 2007, Titan Global Holdings (Oblio's parent company) filed suit against Clifton Prepaid Communications Corp in Texas court for non-payment of invoices based on services rendered. They had successfully won a Motion for Writ of Garnishment which in essence froze Clifton Prepaid's bank accounts until the trial had concluded. Clifton Prepaid had offices both in Texas and NJ and Mr. Aref had been the former owner of another phone card distribution company called Clifton Digital pior to opening this business. It's interesting how this is the second phone card company located in Clifton NJ to make the headlines recently... Clifton Telecard was in the headlines earlier this year for it's alleged deceptive marketing practices by the FTC.

Well the trial is now over and Titan won a 2.5 million dollar judgement in their favor but Clifton Prepaid's owner, Aref Aref, had already filed for personal bankruptcy making any chance of Oblio recouping the full judgement near impossible. However, Titan will be able to unfreeze the bank account and seize any contents towards the judgement and they have vowed to pursue Mr Aref further which will include monitoring all recent transactions between the defendant and any known associates or businesses for any "concealed" monies.

While I'm sure not many distributors or service providers have anything for disdain towards Oblio for having left them holding the bag with worthless cards, this judgement will possibly open up some chances for Oblio to actually make things right with their distributors that did not "screw them." Unfortunately this is just a common example of what goes on in the prepaid business... it's the mind set of some distributors and service providers who say I need to screw them up before they screw me up!

I hope Oblio gets everything from Clifton Prepaid and then all of the other honest business men and women who we hurt by Oblio get their restitution.

A full link to the story: http://www.reuters.com/article/pressRelease/idUS182111+29-Sep-2008+BW20080929