Merchant Account Underwriting Tools

“Birds of A Feather”

Yesterday, March 31, the FTC filed a cease and desist order against:
Ari Tietolman
Marc Ferry
Charles Borie
Robert Barczai

A few of their companies are First Consumers, LLC
PowerPlay Industries, LLC
Standard American Marketing
Patient Assistnace Plus
Legal Eye
Trust One Services
Landshark Holdings
Madicom, Inc
Fraud Watch

Fraud Watch? Indeed! “Defendants make deceptive telemarketing calls, targeting seniors, to obtain their personal bank account information, such as bank account and routing numbers.
“They have deposited more than $20 million into their accounts by illegally debiting the bank accounts of tens of thousands of consumers.
Defendants’ representatives misrepresent that consumers have previously authorized some transaction with Defendants and claim that consumers must sign up for, or renew, Defendants’ fraud protection service immediately to preserve critical protection against an imminent threat of bank fraud. Defendants’ representatives also urge consumers to sign up for other products and services important to seniors, such as medical discount benefits.”

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