Consumer Payment Card News

Credit Con Artists

The Federal Trade Commission and 15 state and federal law enforcers last week announced the results of their joint “Operation No-Credit” law enforcement campaign. The campaign netted 43 actions against credit con artists. Among those caught were seven separate enterprises offering consumers VISA and MasterCards, for a one-time advance fee, but never produced the promised credit cards. In one case, consumers paid as much as $499 to receive the credit card, most consumers did not receive the promised credit cards. A few received a “temporary” or “dummy”card with the MasterCard logo and a non-magnetic black stripe on the back. When consumers called to activate the card, the defendants told them for the first time that they had a debit card and not a credit card. The defendants also told consumers that they had to pay an additional fee and deposit money for any purchases made on the account.

                  OPERATION  NO-CREDIT  DRAGNET
               (Credit Card Firms Sued by the FTC)

    FLORIDA - Bay Area Business Council, Inc.; Bay Area Business
      Council Customer Service Corp.;America Leisure Card Corp.

              Premier Financial Services International, Inc.;
      First Financial Debt Consolidation Inc.

    TEXAS - Brent Shivers dba Credit Card Services; Destyni Enterprises

    TORONTO - 1st Beneficial Credit Services LLC; First Beneficial
              Credit Services;
              First Beneficial Credit Services, Inc.;
              American Capitol; Platinum Express

    TENNESSEE - Premier Financial Services of Tennessee, Inc.

    UTAH - Westcal Equipment, Inc.; Pioneer First; PF Member
           Services., Inc.

    NEW YORK - Star Credit Services Inc.

    NEVADA - Tyme Lock 2000, Inc; United Family Services;
     USA Membership Services; Total Resources, Inc.

For more information visit www.ftc.gov.

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