Onmi Financial Services

Onmi Financial Services

The State of Colorado entered into an Assurance of Voluntary Compliance and Discontinuance with Sierra Financial Services, Inc., d/b/a Omni Financial Services and its owner Jill Fisher to resolve its investigation into alleged violations of the Colorado Consumer Protection Act. The State alleges that, until at least January 2017, Sierra engaged in conduct that deceived small businesses looking for assistance to resolve outstanding tax debt by misrepresenting the costs of Sierra’s services, using bait and switch tactics, advertising services with the intent not to sell them as advertised, and failing to disclose material information concerning services. The State also alleges that Sierra engaged in unlawful telemarketing practices.

Under the terms of the Assurance, Sierra will implement business practices designed to address the State’s concerns and pay $1.5 million to the State to resolve the State’s claims, with $1 million deferred so long as Sierra and Fisher remain in compliance with the Assurance.