Online Fraudsters Fined $3.7 Million for Violating Court Order

The phony  credit line was actually prepaid debit card loaded with hidden fees.
The phony credit line was actually prepaid debit card loaded with hidden fees.

A pair of serial scammers have been cited for contempt and fined more than $3 million by a federal judge for defying a 2008 court order settling a Federal Trade Commission lawsuit.

The contempt order was filed at the request of the FTC after the agency accused the defendants of targeting unemployed and non-creditworthy consumers with a phony "$10,000 credit line" that was actually an online shopping club membership and a "no cost" prepaid debit card loaded with hidden fees.