Attorney General Richard Blumenthal has won a judgment compelling a Hartford loan company owner to pa $230,150 in restitution and penalties for allegedly taking money and failing to provide promised loans and services.

The settlement bans Michael Petriccione from the commerical loan business in Connecticut and obligates him to pay $165,150 in restitution to thirteen consumers and $65,000 in penalties.

Petriccione used phony endorsements from prominent individuals to entice consumers into doing business with is companies.

Blumnethal sued Petriccione and his two companies, Mediations, Inc. and Innovations NE, LLC in April 2008 for allegedly collecting $165,000 in deposits and upfront fees, but never delivered the loans or services.

The judgment empowers Blumenthal's office to seek seizure of property and other assets that Pettriccione has or may acquire in the future.

Through his companies, Pettriccione claimed to provide investment loans of $100,000 to $700 million and "mediation services." His companies also claimed to have legal and "placement" skills, and Petriccione represented that he was a Connecticut attorney. He is not licensed to practice law in CT.

Pettriccione is currently in jail awaiting trial on separate larceny charges stemming from the case.