$7.4 Million in Refunds Mailed to Consumers Harmed by 'Platinum' Credit Card Scam
TheFederal Trade Commission (FTC) has mailed 70,511 refund checks to consumers who lost money to a scheme that allegedly sold bogus 'platinum' credit cards and illegally debited consumers' bank accounts.
Under a settlement entered by the court in September 2012 as part of the FTC's ongoing efforts to protect consumers in financial distress, Blake Rubin, Chase Rubin, and Justin Diaczuk, who ran the Platinum Trust Card and Express Platinum Card scam, were permanently banned from telemarketing and from selling any type of credit card product or service.
More than $7.4 million is being returned to consumers; payments will be 97 percent of their loss. Consumers who receive the checks from the FTC's refund administrator should cash them on or before March 16, 2013. The FTC never requires consumers to pay money or provide information before redress checks can be cashed.
Those with questions should call the FTC's refund administrator, Gilardi & Co., LLC, at 877-282-8781.
Don't Let Car Dealers Take You In with an Illegal Yo-Yo Auto Sale Scam
You've finally filled out all the paperwork for a new or used car and drive it off the lot in triumph. Then, only a few hours (or days or weeks) later, the dealer calls you and tells you that you have to return the car because your financing didn't go through. What's going on? Is this legal? No.
Scam Alert: Don't Fall For a Fake Discounted Cable Service Offer
According to the scam alert released by the Better Business Bureau (BBB), scammers are targeting unsuspecting consumers across the country by impersonating cable companies and taking advantage of subscribers' eagerness to save money on cable television services.
Do You Know How to Protect Yourself Against Computer Fraud
Do you know how to protect yourself against computer fraud? Most people think they can spot a scam, but scammers are getting better every day. It's now sometimes very difficult to know who is on the other end of the Internet and whether an email or website is truly legitimate.
Your Phone May Allow Hackers to See the Screen While It Charges
We use our phones to do all kinds of things. But those who use USB charging stations may want to think twice before checking off the first two items on that list. Security researchers have discovered a way to hack into smartphones using USB stations and view and record everything that is displayed on the screen.