What better material could an underwriter have to work with? This “merchant” has been operating since around 2007 and chargebacks didn’t bother the processor? Hmmm.
First you buy a “list.” Then you tell consumers you are calling to verify and update their magazine accounts and con them into giving up personal information and “verifying” a contract for up to $1300 on their credit card.
They don’t subscribe any magazines? No problem. Then A & R became a collection agency, insisting that the consumer owed them money and threatening to report them to the credit bureau.
When the consumers tried to cancel the non-existent contracts, A & R would charge them a “cancellation fee” of up to $350.
The Joneses operated through various companies including Publications@Mile High; Subscription Solutions; C&R Marketing and Associates, LLC, and Magazine Man.
http://www.coloradoattorneygeneral.gov/press/news/2013/05/01/attorney_general_halts_magazine_telemarketing_scam