America's Elite Media Ridiculous Telemarketing Scam Denver, Colorado

About 3 months ago, I started receiving magazines from this company called America's Elite Media. They asked me if I was interested in a few magazines that they had for a bargain price. I have no idea why I gave them my information but I did.

They told me that I had about 2 weeks to cancel my subscription. I gave them a call about 3 days before the 2 weeks had ended and they said in order for me to cancel my subscription, I would have to talk to the supervisor about it. They then stated that he would not be in for the next 3 days. That would mean that I won't be able to cancel my subscription and that I would be charged.

After those 3 days ended, I gave them a call around 3/22/12 around 2:36 pm and talked to the supervisor. I asked him if I would be able to cancel the subscription, but he said that it was past the 2 week policy (or so they say) and that I would have to pay $400 to cancel.

I talked to him more about my account and said that I will need my billing statements in order for me to "pay" for these magazines. It's been about 2 months and I have not received my billing statements. I cancelled my credit card so that I won't be charged and I've been sending my magazines back.

They've been calling me about my billing payments but I've never called them back. Is there anyway to cancel or stop this scam from continuing? If anyone has any information on helping me and other victims, please give some advice.