The Federal Trade Commission has settled charges with Harvey and Tye Sloniker, two brothers who allegedly used deceptive and unfair practices to bilk consumers across the country out of millions of dollars.
As part of their settlement, The pair are permanently banned from telemarketing and must pay a $525,000 judgment.
According to the FTC, the Slonikers, operating out of Arizona sold nonexistent advance-fee, low-interest credit cards, and bogus identity theft and telemarketing fraud protection services, often on behalf of third-party client companies including: Corporate Marketing Solutions Inc.; Corporate Industries, Inc.; ATM Machine Wrap, Inc.; Bankcard Recovery Services, Inc.; Direct Wireless+, Inc.; National Consolidation Foundation, Inc.; and Sierra Management Properties, Inc.
The complaint further alleged that the defendants unlawfully charged consumers’ credit cards or electronically debited fees from their bank accounts. without their permission.
