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Telemarketers Fined for Selling Nonexistent Credit Cards
A group of telemarketers, charged with selling nonexistent credit cards to U.S. consumers, have agreed to pay $415,000 to settle Federal Trade Commission charges, DM News reports. The defendants - Sun Spectrum Communications Organization Inc., North American Communications Organization Inc., WWCI2002 Inc., and Canadian corporation 9106-7843 Quebec Inc. - targeted consumers with poor credit, used fictitious business names, requested bank account and social security information from consumers, and never sent the credit cards promised.
The defendants are banned from selling credit-related products through telemarketing and trying to deceive consumers into giving out financial information, the FTC said.