Scam Operators Banned from Collecting or Disclosing Consumer Information

Scam Operators Banned from Collecting or Disclosing Consumer Information
Image: Pixabay
March 10, 2016

Following a 2013 Federal Trade Commission (FTC) lawsuit, a federal court has banned seven people, Ideal Financial Solutions and its subsidiaries from collecting or disclosing consumer information. The defendants in the case operated a massive scam that took money from consumers' bank accounts without their authorization.

The court has imposed a $43 million judgment against Ideal Financial Solutions and its subsidiaries, Steven Sunyich, Christopher Sunyich, Michael Sunyich, and Melissa Sunyich Gardner, and a $36.6 million judgment against Jared Mosher.

The court banned the ringleaders, Mosher, Steven Sunyich and Christopher Sunyich, from marketing, selling and handling any credit-related products or services. It banned all the defendants from collecting or disclosing consumer account numbers except for transactions expressly authorized by the consumer.

Settlements entered in June 2014 banned Kent Brown and Shawn Sunyich from placing unauthorized charges on consumer financial accounts and collecting and disclosing consumer financial information without the consumer's express consent. The orders imposed suspended $25 million judgments against each defendant, and Brown was required to liquidate his assets and turn them over to the FTC.

The defendants bought consumer payday loan applications, which included Social Security and bank account numbers, from data brokers and payday loan websites, and used the information to defraud consumers. To end the problem, the FTC has sued several of the data brokers who sold consumers' information to Ideal Financial, including Sitesearch Corp., also known as LeapLab, Gen X Marketing Group LLC and Sequoia One LLC.