Telemarketer Told To Repay $5.1M To Car Sales Scam Victims

Law360, New York (December 2, 2013, 5:52 PM EST) -- A Canadian telemarketer has been ordered to pay $5.1 million to reimburse victims of a car-buying scam, the Federal Trade Commission said Monday.

The FTC sued Matthew J. Loewen and his companies — 0803065 B.C. Ltd., 0881046 B.C. Ltd,, ReadyPay Services Inc. and Xavier Processing Services LLC — alleging American and Canadian consumers were duped into paying hundreds of dollars based on false claims that the defendants had buyers lined up for their cars, and that refunds would be provided if the cars weren’t sold....
To view the full article, register now.