FTC shuts down company, alleges $25M in unauthorized charges - KMSP-TV

FTC shuts down company, alleges $25M in unauthorized charges

Posted: Updated:
ATLANTA -

The Federal Trade Commission has temporarily shut down a company it claims billed consumers to the tune of $25 million without their consent.

According to the FTC
, the money was taken from bank and credit card holders. In a press release, the FTC says there were tens of thousands of complaints about a company called Ideal Financial Solutions. They say the company used more than 200 internet domain names and used identity-hiding services.

They say the company targeted vulnerable people, usually charging them about $30 for services they didn't get. They're not sure how Ideal Financial Solutions got the account numbers, but most victims had applied for payday loans through the internet.

Other companies named in the complaint are: Fund Assur, Debt2Wealth and Avanix.

So what can you do if you suspect you may have been a victim? Go back and look at credit card and debit statements dating back to January 2009, and look at charges to financial services that just don't make sense to you.

For more information, click here!

  • I-Team Story ArchiveMore>>

  • Good Day Atlanta

    Teaching your kids the value of money

    Teaching your kids the value of money

    Monday, September 15 2014 11:22 AM EDT2014-09-15 15:22:34 GMT
    We've all been tempted to buy that extra toy, or give those extra few dollars to our kids to buy something on impulse...but are those the best habits to pass along?
    We've all been tempted to buy that extra toy, or give those extra few dollars to our kids to buy something on impulse...but are those the best habits to pass along?
  • GA Lottery targets shadow winners

    GA Lottery targets shadow winners

    Sunday, September 14 2014 5:30 PM EDT2014-09-14 21:30:57 GMT
    The Georgia Lottery tells the Fox 5 I-Team it's launching a full-scale effort to crack down on so-called "shadow winners.
    The Georgia Lottery tells the Fox 5 I-Team it's launching a full-scale effort to crack down on so-called "shadow winners.
  • Graphic video of Forsyth Co. Courthouse shootout

    Graphic video of Forsyth Co. Courthouse shootout

    Thursday, September 11 2014 4:43 PM EDT2014-09-11 20:43:06 GMT
    FOX 5 has an extended clip of the dramatic shootout at the Forsyth County Courthouse.
    FOX 5 has an extended clip of the dramatic shootout at the Forsyth County Courthouse in June.
  • Contact the FOX 5 I-Team

    * denotes required fields

    We're sorry, but only one entry is allowed per person.
    Thank you for your continued interest.

    Thanks for contacting FOX 5.  To reach our newsroom by phone, please call (404) 898-0100.

Powered by WorldNow

KMSP-TV
11358 Viking Drive
Eden Prairie, MN 55344

Phone: (952) 944-9999
Fax: (952) 942-0455

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices