ATLANTA - Federal prosecutors have charged three people with duping thousands of customers who were seeking to lower their credit card payments.
Kara Singleton Adams, Jason James Eyer and James A. Schoenholz were charged this week with wire fraud and conspiring to defraud consumers through a credit card interest reduction program.
They worked through array of companies, including Economic Relief Technologies and SafeRide Warranty.
Prosecutors said the three would promise through telemarketing to save customers thousands of dollars by negotiating lower credit card rates for a fee of at least $749. Authorities said in an affidavit that the three would rarely follow through. It also said that the three rarely offered refunds.
Thousands of complaints were filed against businesses run by the three defendants, according to the affidavit.