IAB Bilked Thousands Of Consumers By Promising Higher Medical Insurance Coverage Than What was Provided

October 10, 2012
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FTC Acts to Halt Medical Plan Scheme that Targeted Vulnerable Consumers IAB Scheme Allegedly Bilked Millions of Dollars from Consumers Seeking Health Insurance

The Federal Trade Commission charged a telemarketing operation with bilking millions of dollars from thousands of consumers by tricking them into buying what they believed was comprehensive health insurance, when in fact they had paid for something decidedly less.  At the FTC’s request, a federal court stopped the defendants from marketing or selling any products or services related to medical discount plans or health-related insured benefits, pending resolution of the case.

“The FTC is committed to cracking down on those who prey on vulnerable consumers, including the unemployed, uninsured, and consumers with pre-existing medical conditions, by falsely claiming to offer coverage that is generally accepted by medical providers across the nation,” said David Vladeck, Director of the FTC’s Bureau of Consumer Protection.

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One Response to IAB Bilked Thousands Of Consumers By Promising Higher Medical Insurance Coverage Than What was Provided

  1. ExAmbot on January 9, 2013 at 12:43 pm

    FTC needs to take it one step further and criminally lock up these perpetrators!

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