• Report: #265975
Complaint Review:

EDP Reporting, E Debit Pay

  • Submitted: Tue, August 07, 2007
  • Updated: Tue, August 07, 2007

  • Reported By:northridge California
EDP Reporting, E Debit Pay
5301 Laurel Canyon Blvd Suite 132 North Holywood, California U.S.A.

EDP Reporting, EDebit Pay EDP RAIDED by FBI Please follow link Ripoff Valley Village California

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Please visit the following link - read all posts on this page.
Below is a portion of what was posted. I hope everyone is able to fight this company and get their money back

EdebitPay Gets Raided By The FBI

The rumors have been flying all day long, with no solid comments or facts that can be verified just yet.. But we do know that their offices have been raided by the FBI are 100% true and confirmed. For what and why, not sure yet. More news to come when it can be confirmed.

For Release: August 7, 2007 FTC Stops Prepaid Stored-Value Card Sellers From Improper Debiting

Allegedly Injured Consumers Who Did Not Authorize Defendants to Debit Their Bank Accounts

At the request of the Federal Trade Commission, a federal judge has temporarily halted an operation marketing Visa- and MasterCard-branded stored-value cards from making unauthorized debits from consumers bank accounts.

According to a complaint filed by the FTC, the defendants market bank-issued, Visa- and MasterCard-branded stored-value (prepaid) cards under a variety of names through Web sites and pop-up and e-mail advertisements that direct consumers to Web sites for the individual cards. These include Acclaim Visa, Impact Visa, Sterling Visa, VIP Advantage Visa, Vue Visa, Elite Plus MasterCard, Impact MasterCard, Secure Deposit MasterCard, VIP MasterCard, and Vue MasterCard. The defendants also market unrelated short-term loans on Web sites such as Welcome to SuperAutoSource.com!, SuperCa$hSource.com, and fastcashusa.com :: Online Cash Advance Payday Loans - No Fax! - Fast Cash Til Pay Day Loans, Paycheck Cash Advance Loan, Quick Bad Credit Payday Loans, Apply Now!.

The complaint alleges that, through their prepaid card programs, the defendants debited, without authorization, a $159.95 'application and processing' fee from consumers' bank accounts, including from consumers who either had no contact with the defendants or had applied for an unrelated short-term loan. Consumers who visited the defendants prepaid card Web sites were instructed to provide personally identifiable information, including their bank account information, to apply for a card. The defendants allegedly also made deceptive claims on their Web sites, such as 'No Annual Fees' and 'No Security Deposit, without disclosing clearly and prominently that they would use the consumers personal information to debit the $159.95 fee. Consumers usually discovered the unauthorized debits when they reviewed their bank account statements or when banks notified them of penalty fees or overdraft charges due to insufficient funds.

The defendants are charged with violating federal law by engaging in unauthorized bank account debiting; failing to disclose clearly and conspicuously that consumers' personal information will be used to debit a fee from their bank accounts, and that the fee will be debited once they apply for a prepaid card; and misrepresenting that consumers are obligated to pay the fee when they did not consent to pay a fee.

On July 30, the judge issued a temporary restraining order barring unauthorized debiting and freezing the assets of EdebitPay, LLC, EDP Reporting, LLC, EDP Technologies Corporation, Secure Deposit Card Inc., Dale Paul Cleveland, and William Richard Wilson, all based in California . The judge will hold a hearing to determine whether to extend the injunction pending a trial. The FTC will seek to permanently bar the defendants from further violations and make them forfeit their ill-gotten gains.

By a 5-0 vote, the Commission approved the filing of the complaint in the U.S. District Court for the Central District of California.

NOTE: The Commission files a complaint when it has 'reason to believe' that the law has been or is being violated, and it appears to the Commission that a proceeding is in the public interest. The complaint is not a finding or ruling that the defendant has actually violated the law. The case will be decided by the court.
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northridge, California

This report was posted on Ripoff Report on 08/07/2007 08:52 PM and is a permanent record located here: http://www.ripoffreport.com/reports/edp-reporting-e-debit-pay/north-holywood-california-91607/edp-reporting-edebit-pay-edp-raided-by-fbi-please-follow-link-ripoff-valley-village-calif-265975. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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