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Telephone Scammers Ordered To Pay $50M

Posted by kdawson on

coondoggie writes "The Federal Trade Commission said a group of telephone scammers will pay out nearly $50 million to settle charges they deceived over a million people in a bank information fraud scheme. As is unfortunately the situation in many of these case, the $50 million restitution, while substantial, is dwarfed by the almost $172 million the FTC says Suntasia Marketing bilked out of its victims." The company used "negative option" programs, including memberships in discount buyer's and travel clubs, to keep dinging victims' bank accounts. The FTC said the eight interrelated companies running the scam employed more than 1,000 people.

3 of 88 comments (clear)

  1. 1K Unemployed by conureman · · Score: 3, Funny

    At least no one is talking "Bail-out".

    --
    The cost of that cleanup, of course, will be borne by taxpayers, not industry.
    1. Re:1K Unemployed by MiniMike · · Score: 2, Funny

      They'll be ok if they figure out how to work that 'negative option' into their job applications:
      "By not responding to this cover letter, you are agreeing to hire applicant..."

  2. Suntasia Marketing's answer by nabil2199 · · Score: 4, Funny

    To:FTC
    On:Case XXXX-XXXXX

    In order to proceed with the financial restitution banking information is required.