Federal Trade Commission sends $7.4 million worth of refund checks to victims in credit card scheme

WASHINGTON, D.C. - If you get a check in the mail from the Federal Trade Commission, it may be legitimate. In mid-January, the FTC sent 70,511 refund checks to consumers who lost money in a scheme that allegedly sold bogus "platinum" credit cards. Consumer accounts were debited for the accounts. This refund will repay consumers 97 percent of what they lost.

In total, the FTC is returning $7.4 million to consumers who bought a Platinum Trust Card or Express Platinum Card. The companies and three men associated with the business were permanently banned from telemarketing and from selling any type of credit product or service.

If you receive a check in relation to this scheme, you need to cash it by March 16, 2013.

You will never have to pay money to receive money from the FTC. You can always check to make sure it's legitimate on the FTC's Refund website.

Call the administrator of this refund, Gilardi & Co., LLC at 1-877-282-8781 if you have questions.

Print this article Back to Top

Comments