Refund Checks Mailed To People Targeted In Computer Financing Scheme That Failed To Deliver
4,505 checks are being mailed to victims of the scheme, which the FTC alleges failed to deliver promised computers
The Federal Trade Commission is sending checks to people who lost money in a financing scheme that targeted customers shopping for computers and related electronic devices. In 2008, the FTC alleged that BlueHippo Funding, LLC and affiliate BlueHippo Capital, LLC promised to finance new computers, collected money, and then failed to provide computers, as well as failed to disclose the refund policy.
Accused of violating prior orders
After agreeing to a previous settlement with the FTC, BlueHippo continued to engage in deceptive practices. In 2009, the FTC sued the companies again, as well as CEO and sole owner Joseph Rensin, charging them with contempt for violating the 2008 order. The FTC won a lengthy court battle, and is now using the money it recovered from Rensin to provide more than $103,000 in refunds to consumers.
Deposit checks quickly
Consumers who receive checks should deposit or cash them within 90 days, as indicated on the check. Recipients who have questions about their checks can call the refund administrator Analytics, Inc., at (855) 558-1233. The FTC never requires people to pay money or provide account information to cash a refund check.