Signature Devices Inc. (SDVI)

[RRSilverShadow]

Here is a rough translation of the website from Dutch to English:

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Clever Life falls in prices with the AFM

27-06-2012 • 26 comments

The AFM has two fines of € 30,000 imposed on Graffiti Entertainment Europe BV from the Gelderse Huissen and her actual managerial Mart van der Velde. The company has according to the supervisor in the period september 2009 to december last year been guilty of canvassing.

The company, then still operating under the name Clever Life, brokered at the time of the offence and in consumer credit, mortgages and damage-and life insurance. The company listed or by telephone and had approached consumer consumer credits and whether they were interested in lower monthly charges. From the working procedures and the customised calling script revealed that the Adviser of Clever Life then always went on home visit among consumers. In 5 cases examined during the visit was signed a credit agreement. This is a violation of the colportagewet, which should prevent consumers at a house visit possible unprepared on a purchase have to decide.

The AFM also Mart van der Velde, Union Cycliste Internationale fined since the end of 2006 the only driver and de facto leadership of Clever Life. According to the supervisor was Van der Velde at the height of the prohibited behaviors and he has failed to terminate them with measures.

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It sounds like it is talking about some sort of illegal consumer credit practices in the Netherlands that Mart was accused of being involved.

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