HIKO Energy in Monsey settles scam claim

A well-known energy company has agreed to an out-of-court settlement over deceptive business practices.



Attorney General Eric Schneiderman says HIKO Energy had been using deceptive practices to lure customers with false promises of lower electric rates for over three years.



In reality, there were no discounts and in some cases, sales people changed customers' electric suppliers without their permission.



Under the settlement, HIKO will pay more than $1 million to the 25,000 current and former victims of the scam.



The claims of customers scammed by HIKO will be processed for the attorney general by the Better Business Bureau.



News 12 asked HIKO Energy for a comment, but it declined.


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