Ftc V Amg Services
Federal trade commission v.
Ftc v amg services. The federal trade commission working jointly with the department of justice is mailing 1179803 refund checks totaling more than 505 million to people. Click here to confirm that your amg refund check is from the ftc. The 505 million the ftc is returning to consumers makes this the largest refund program the agency has ever administered. October 2 2018 ftc and doj mailing refunds to consumers.
An online payday lender called amg services will grant refunds totaling 505 million to consumers the government says were victims of deception. Amg capital management llc amg services inc black creek capital corporation don e. Brady broadmoor capital. In the 2012 complaint the ftc contended that operators of amg services claimed they would charge borrowers the loan amount plus a one time finance fee but instead the defendants made multiple.
The federal trade commission has initiated the process of returning more than 505000000 to more than 1 million consumers in the amg servicesscott tucker case. Consumers getting refunds from record fraud judgment. Amg services inc et al. Red cedar services inc also doing business as 500fastcash.
The federal trade commission ftc is warning consumers of a dangerous and growing swindle called the check overpayment scam now the fifth most common telemarketing fraud and the fourth most common internet scam ever reported. We told you last month about the 505 million in checks going back to 11 million people who got an online payday loan from a company affiliated with amg services. Federal trade commission v. People who have questions about their check can call 1 866 730 8147.