Department's Revocation of the Check Casher Registration of Trend Stitchers International, Inc. d/b/a Conoco Truck Stop Becomes Final, as does an Order to Cease and Desist Issued to its President, Amin Budhwani

May 2, 2011


Atlanta, Georgia - On April 27, 2011, an Amended Notice of Intent to Revoke Annual Registration (“Amended Notice”) became final against Trend Stitchers International, Inc. d/b/a Conoco Truck Stop, check casher registration number 20066, located at 3000 Moreland Avenue, Conley, Georgia 30288.    

This Amended Notice provided that in violation of state law, Trend Stitchers International, Inc. d/b/a Conoco Truck Stop employed a convicted felon as its president; purposefully withheld, deleted, destroyed, or altered information requested by an examiner of the Department and/or made false statements or material misrepresentations to the Department; made a false statement in the renewal application it filed for a check casher registration and/or failed to give a truthful reply to a question in such application; and committed fraud, engaged in dishonest activities, and/or made misrepresentations.

Pursuant to state law, it is prohibited for any person to sell checks without holding a check casher’s license or registration or without operating under a lawful exemption from licensure or registration. 

In conjunction with the violations identified in the Amended Notice of Intent to Revoke Annual Registration, the Department issued an Order to Cease and Desist to Amin Budhwani, who is the president of Trend Stitchers International, Inc. d/b/a Conoco Truck Stop. The Order to Cease and Desist issued by the Department provided that it was unlawful for Mr. Budhwani to serve in the capacity of the president of Trend Stitchers International, Inc. d/b/a Conoco Truck Stop. It also contended that Mr. Budhwani purposefully withheld, deleted, destroyed, or altered information requested by an examiner of the Department and/or made false statements or material misrepresentations to the Department; made a false statement in the renewal application he filed for a check casher registration and/or failed to give a truthful reply to a question in such application; and committed fraud, engaged in dishonest activities, and/or made misrepresentations. 

The Department’s Order to Cease and Desist issued to Amin Budhwani became final on April 27, 2011, as well.

 

Contact
Rod Carnes
Deputy Commissioner for Non-Depository Financial Institutions
Phone: (770) 986-1371
E-mail:   rodc@dbf.state.ga.us

 

The Department has regulatory and/or licensing authority over state-chartered banks, credit unions, trust companies, mortgage loan originators, mortgage brokers, mortgage lenders, mortgage processors, check cashers, sale of check companies, money transmitters, international banking organizations, and bank holding companies conducting business in Georgia.  Visit us on the Web at: http://dbf.georgia.gov/

 

Related Files: 
PDF icon Revocation (48.72 KB)