The Federal Trade Commission and 15 state and federal law enforcers, who yesterday announced “Operation No-Credit” – a joint law enforcement campaign targeting a wide range of credit-related frauds, said they have filed 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
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.