Telemarketers in Philadelphia and Jenkintown have agreed to pay more than $7.5 million to settle charges that they sold bogus "platinum" credit cards and stole money from cash-strapped consumers' bank accounts, the Federal Trade Commission said Wednesday.
The alleged scam defrauded 61,000 consumers of more than $6.1 million before a federal judge in Illinois shut it down in February, according to a court document in the case, which was filed by the FTC's Midwest region.
Agreeing to the settlement were two brothers, Blake Rubin of Huntingdon Valley and Chase Rubin of Rydal; and Justin Diaczuk of Philadelphia. Among their companies were Apogee One Enterprises L.L.C. and Marquee Marketing L.L.C.