The taxi commission said an unregulated Lyft could pose safety risks for passengers and warned drivers they could lose their cars and face steep fines.
"I don't think the drivers understand the risk they're taking when they sign up to be a Lyft driver," said TLC Chairwoman Meera Joshi. "It's a scam, really. They could lose their cars and it'll cost them a lot of money. And I don't think that Lyft is being completely candid about the risk that the driver—not the out-of-state company—is taking."Speaking of not being completely candid, just what would Meera Joshi be doing for a living if the customers decided they didn't need her protection racket? Anyway, it's' game on New York;
Lyft has pledged to compensate its drivers for any fines or costs related to regulators seizing their cars, said John Zimmer, the company's co-founder and president. Lyft raised $250 million from investors in April.How many (tow truck) divisions does the TLC have?