2 NJ Men Settle FTC Credit-Fee Charges

Share this content:
Two New Jersey men have agreed to pay $240,000 and accept a ban on the sale of their customer lists to settle charges that they ran an advance-fee credit card scam, the Federal Trade Commission said yesterday.

Bernard Rann and Anthony Camporeale ran Financial Services of North America Inc., which cold-called consumers offering Visa or MasterCard credit cards for a $99 fee regardless of their credit history, according to the FTC's charges. Requesting a fee in advance of arranging credit violates federal law.

Also, the company failed to deliver on the credit cards it promised, the FTC said. Consumers who paid the $99 received a membership in the "Diamond Club," a merchandise-buying club, and an application for a credit card at a South Dakota bank, which in some cases required consumers to pay further application fees.

The FTC further charged the company and its principals with debiting consumer bank accounts without permission. In other cases, consumers received charges in excess of what they had authorized, the FTC said.

Money paid by the men to settle the charges will be used to reimburse consumers, the FTC said. The settlement was approved in U.S. District Court in Trenton, NJ.


Next Article in Marketing Strategy

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