The Federal Trade Commission (FTC) is issuing additional refunds to the victims of a credit card billing scam, which was operated by J.K. Publications and other defendants.
On Monday, the FTC said its refund administrator is sending 187,664 checks totaling more than $3.2 million to consumers who lost money to the fraudulent credit card billing.
This is the fourth distribution of refunds related to the case. The Commission first sent over 400,000 redress checks to victims in June 2009. It already distributed refunds totaling more than $21 million.
Victims of the J.K. Publications credit card billing scam will receive a new check for $17.17. The additional refunds became available after the repatriation of funds from the defendants’ offshore accounts.
The FTC is advising consumers to cash the refund checks within 90 days. The Commission does not require consumers to pay money or provide account information to cash a refund check.
Refunds were the result of a 1999 FTC lawsuit against J.K. Publications
In 1999, the FTC filed a lawsuit against Kenneth and Teresa Taves, and Dennis Rappaport, and their businesses including J.K. Publications and other related companies. The defendants operated adult or X-rated websites.
