Canadian Telemarketers Pay $25,000

Share this content:
Canadian companies agreed to pay $25,000 to settle charges that they defrauded consumers with a telemarketing offer of credit card protection services, the Federal Trade Commission said yesterday.

Two individuals and the companies, Icon America Inc. and 9066-3451 Quebec Inc., sold the "essentially worthless" services to hundreds of consumers for $369, the FTC said. The FTC filed charges against the companies in October 2001 as part of a sweep of outbound telemarketing schemes dubbed "Ditch the Pitch."

The credit card protection insurance offered by the companies is considered worthless by the FTC because consumers are responsible only for up to $50 when unauthorized charges are placed against their credit cards. In telemarketing pitches, the two companies frightened consumers into believing their credit card numbers were available on the Internet and that they would be liable for any unauthorized charges.

The companies are no longer in business, the FTC said, and both individuals have few remaining assets.

Sign up to our newsletters

Company of the Week

Brightcove is the world's leading video platform. The most innovative and respected brands confidently rely on Brightcove to solve their most demanding communication challenges because of the unmatched performance and flexibility of our platform, our global scale and reliability, and our award-winning service. With thousands of customers and an industry-leading suite of cloud video products, Brightcove enables customers to drive compelling business results.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above