November 18, 2010 -- With the assistance of the BBB, the FTC announced this week that an Illinois Court issued a temporary restraining order with an asset freeze, of the operations of an international robocall ring that allegedly conned consumers with false promises, that it would reduce their credit card interest rates, but provided little or nothing in return.
Better Business Bureaus across the country, including Delaware, provided valuable information regarding consumers that were victims of this practice. BBB of Delaware President, Christine Sauers, said “It is our strong commitment to work with law enforcement that ultimately helps protect consumers and puts an end to unethical and potentially illegal practices. In
From the FTC Release http://www.ftc.gov/opa/2010/11/aflfinancial.shtm
“At the request of the Federal Trade Commission, a federal district court in
As part of its crackdown on frauds that seek to take advantage ofconsumers hurt by the recent economic downturn, the FTC charged that the robocall ring made bogus promises that it would provide refunds to consumers if they did not save at least $2,500. When consumers called to complain, however,the robocallers simply disappeared, the FTC charged. The FTC alleges that this company has defrauded nearly 13,000 consumers out of almost $13 million from this scheme.
The agency has brought several other cases in the past year against the marketers of worthless credit card interest rate reductionservices.
According to the FTC, since at least 2007, the defendants allegedly used at least 10 different company names, including AFL Financial Services, when pitching the service. The defendants, who are in