• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Crime / Courts / Attorney General joins suit against money transfer company

Attorney General joins suit against money transfer company

December 11, 2007 By admin

Iowa Attorney General Tom Miller has joined six other states and the Federal Trade Commission in a federal lawsuit against a company with offices and Florida and Pennsylvania for allegedly illegally taking millions of dollars from people in telemarketing, direct mail and Internet schemes. Attorney General spokesman, Bob Brammer, says the suit is against "Your Money Access" company, or Y-M-A .

Brammer says Y-M-A contracts with others to withdraw money from people’s bank accounts, and in this case they linked with people running schemes to illegally take money from the victim’s bank. Brammer says the company was the conduit to funnel money to the people running the illegal schemes.

He says Y-M-A debited more than 200-million dollars over a two or three-year period for the "con schemes" and facilitated the fraudulent schemes. Brammer says some of the people discovered the money was being taken without their permission.

Brammer says those customers protested and didn’t lose their money, but he says many more didn’t notice the scams, and lost millions and millions of dollars. Brammer says most lawsuits go directly after the people conducting the illegal scams, but this one tried to cut off one of the key components needed to get the money.

Brammer says they’re asking the court to prohibit the violations and for "serious financial consequences" to require the company to give up the money it wrongfully took. Iowa’s Attorney General has joined his counterparts in Illinois, Nevada, North Carolina, North Dakota, Ohio, and Vermont to file the complaint U-S District Court in the eastern district of Pennsylvania. 

Share this:

  • Facebook
  • Twitter

Filed Under: Crime / Courts

Featured Stories

Governor signs child care expansion into law

Iowa seniors have until July 1 to apply for new property tax break

Smoke from distant fires creates colorful sunrise in Iowa

DOT’s Motor Vehicle Enforcement Division to merge into State Patrol

Iowa’s governor approves liability limits for trucking industry

TwitterFacebook
Tweets by RadioIowa

Iowa AD Gary Barta announces retirement

Iowa to visit Creighton in Gavitt Tipoff Games

Iowa and Indiana collide Thursday at B1G baseball tournament

Former Hawkeye joins Lisa Bluder’s staff at Iowa

Iowa rolls in B1G Tournament opener

More Sports

Archives

Copyright © 2023 ยท Learfield News & Ag, LLC