A group of U.S. and Canadian telemarketing firms will pay $415,000 in consumer redress to settle charges, filed in the U.S. District Court for the Southern District of Florida, that they were selling nonexistent credit cards to U.S. consumers, according to the Federal Trade Commission.
The FTC said consumers with poor credit ratings were targeted by telephone with an advance-fee promotion for a credit card with a $2,500 limit, which was never delivered. Instead consumers received a credit repair book with coupons and a list of banks that issue credit cards.
The firms involved Sun Spectrum Communications Organization Inc., North American Communications Organization Inc. and WWCI2002 Inc. operated from Palm Beach, FL. The Canadian firm 9106-7843 Quebec Inc. is located in Montreal, Canada.
As part of the settlement the firms and their principals William H. Martell, Tracey A. Bascove, Mitchel Kastner, Ronald Gorber and Jason Kastner are banned from offering credit-related products by telephone.
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