FTC Delivering Refund Checks to Victims of J.K. Publications Credit Card Con
Consumers are in line to receive about 322,000 checks totaling nearly $9.7 million
The Federal Trade Commission (FTC) is mailing checks to consumers cheated out of money through an illegal billing scam.
About 322,000 checks totaling nearly $9.7 million will be mailed to consumers. The refund comes as the result of a 1999 lawsuit filed by the FTC against J.K. Publications and other defendants. The operators of this scam made unauthorized charges dating back to 1998 on consumers' credit and debit cards for unsubstantiated Internet services. The average amount of each check is $30.
Some consumers have been forced to wait over 15 years for their refunds because the defendants moved millions of dollars of their ill-gotten funds offshore, and it took significant time and effort to locate and retrieve the money.
The defendants placed charges on consumers' credit and debit cards for X-rated online entertainment services that the victims had not ordered and did not want. According to the original FTC complaint, the defendants purchased access to lists from a California bank that provided the account numbers for more than 3 million valid Visa and MasterCard credit cards. J.K Publications utilized the account numbers to provide for over 90 percent of their $49 million per year in "sales."
The upcoming mailing will be the third round of redress checks issued by the FTC in connection with the case. The agency mailed out a first round of checks on June 11, 2009 and the second round on April 9, 2010.
Consumers who receive checks in this mailing can call (844) 225-4524 for more information.