Monday, August 31, 2009

VirtualWorks Settles for $52,000 with the FTC

According to this post on, VirtualWorks, A California-based credit card company has settled with the FTC for a sum of $52,000 for tricking customers into buying prepaid cards. Joshua Finer, the owner of VirtualWorks misrepresented his product to consumers by having them apply for a payday loan in which was disguised as "free", but then charged consumers a $54.95 prepaid card enrollment fee.

What are some other examples of deceptive marketing prepaid card schemes like this one that you've come across in through your endeavors?

Share this article with your social network, just click below to share now!

No comments: