Federal Trade Commission (FTC) Sends Tax-Scam Victims Refund Checks

the agency will mail out more than $16 million in refunds

Federal Trade Commission (FTC) Sends Tax-Scam Victims Refund Checks
Image: Pixabay
August 5, 2014

almost 20,000 victims

If you were one of the 18,500 people roped into a tax scam, expect a check in the mail.

The Federal Trade Commission (FTC) is mailing more than $16 million worth of refund checks to consumers who paid money to American Tax Relief. The company scammed financially distressed customers into thinking their tax bills could be reduced.

16 percent

Victims will receive about 16 percent of the amount that they lost and customers should cash the checks within 60 days. The FTC warms that the agency never requires consumers to pay money to provide information before refund checks can be cashed.

As part of its settlement with the FTC, American Tax Relief turned over millions of dollars in assets including bank accounts, jewelry, real estate properties and a Ferrari.

Those with questions should call the refund administrator, Gilardi & Co., LLC, at 1-877-430-3699.