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State Sues 'Loan Shark' Preying on Soldiers

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Last week New York Attorney General Eliot Spitzer announced a lawsuit against a North Country lending firm for being a loan-sharking operation that preys on cash-strapped military families. The suit alleges a company called JAG NY has defrauded hundreds of people of thousands of dollars by offering loans at illegally high interest rates. The company operates three stores called New York Catalog Sales, one in Queensbury and two near Fort Drum. David Sommerstein spoke with Attorney General spokesperson Christine Pritchard about the case. She says New York Catalog Sales takes advantage of military families with limited incomes. The complaint number is 800-771-7755.

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