FTC sends $16 million in refunds to victims of Helping America Group

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FTC to send refunds to victims of credit card billing scam

Consumers who were victims of a debt relief scam will receive refunds, according to the Federal Trade Commission (FTC).

On Tuesday, the federal consumer protection watchdog announced that it will be distributing $16 million in refunds to people who lost money to a debt relief scam perpetrated by Helping America Group, which was also doing business as 321 Loans, United Financial Support, and many other names.

According to the FTC, it is sending 27,048 refund checks to victims. It is expecting to collect more money in this case and intends to send a second round of refund checks to victims.

The federal consumer protection watchdog is reminding recipients of the refunds to deposit or cash their checks within 90 days. It is not requiring individuals to pay money or provide their account information to cash a refund check.

In 2017, the FTC and the State of Florida filed a lawsuit against Jeremy Lee Marcus, Craig Davis Smith, and Yisbet Segrea for operating a massive debt relief scam through Helping America Group and other interrelated companies.