FTC sends refunds to victims of credit card debt relief schemes

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The FTC and Ohio also filed a separate complaint against Madera Merchant Services and B&P Enterprises. The defendants generated and processed remotely created payment orders and checks that allowed dishonest merchants including Educare to withdraw money from their consumers’ bank accounts.

Refunds were the result of the settlement with the defendants

The defendants settled the complaints against them. Educare, and its managers Sam Madi, and Charles Kharouf were subjected to a judgment of $7.5 million that was largely suspended due to their inability to pay. The FTC required Educare and Madi to forfeit all funds frozen in the company’s bank accounts.

Tripletel and its manager Wissam Jalil were subjected to a $2.8 million judgment that was largely suspended due to their inability to pay. The Commission required them to forfeit all funds frozen in the firm’s bank accounts.

Globex agreed to pay a total of $1.9 million to settle the allegations that it helped facilitate credit card debt relief schemes and illegally charged consumers millions of dollars.