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Home > Blogs > Ohio politics > Archives > 2010 > March > 02 > Entry
Ohioans to receive $2.8 M in telemarketing settlement
More than $2.8 million will go to Ohio customers of Wachovia Bank whose accounts were illegally debited by a payment processing company between 2004 and 2006, Attorney General Richard Cordray announced on Tuesday, March 2.
The payout is the result of a settlement of a 2007 lawsuit between the Federal Trade Commission and seven states with Florida-based payment processing companies Your Money Access and YMA Company, owned by Tarzenea Dixon, Cordray’s office said in a press release.
The lawsuit accused Dixon and several co-defendants of knowingly processing unauthorized debits through Wachova Bank on behalf of deceptive telemarketing schemes that violated the FTC’s Telemarketing Sales Rule, the release said.
Wachovia has agreed to issue more than $150 million in redress checks to victims of the telemarketing fraud and $2.8 million will go directly to 24,517 victims in Ohio, the release said. The checks are to consumers for funds deducted from their accounts by three payment processors that maintained accounts with Wachovia, including Dixon’s company, said the release.
“It is always unfortunate when consumers fall victim to the many financial predators and schemes that are out there,” Cordray said in the release.
“However, today we have a good story to tell. We were not only able to track down the predators, but the victims will receive restitution. These cases are tough on everyone, but thanks to the strong efforts of the many state and federal agencies involved, this one is a success story.”
From June 23, 2004 to March 31, 2006, Dixon’s company processed more than $200 million in debits and attempted debits by providing its clients access to consumers’ bank accounts, the release said.
More than $69 million of the attempted debits were returned or rejected by consumers or their banks as unauthorized charges, the release said. In other cases, the merchants either failed to deliver the promised products or services or sent consumers relatively worthless items, said the release.
For more information on the case, click here.
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May 30, 2010 4:27 PM | Link to this
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By FTC BIG FAT LIE
April 1, 2010 9:28 AM | Link to this
I am back! I wanted to let everyone know the correct name of Shawn Vinks company. It is interglobal holdings not global holdings. I also wanted everyone to know the Wachovia branch that was involved was the Wachovia bank in Philadelphia. Philadelphia was where the companies that YMA purchased were located. The companies that YMA purchase was an all white company (I am not trying to be funny, but that is what it was) When Derrelle flew up to Philadelphia to meet the employees and give them an idea of what the direction of the company would be the employees where irate. Derrelle Janey had to get a body guard while he was up there because the employees were threatening him. The FTC said that Tarzenea Dixon personally knew the owners of the companies YMA purchased which is another big fat lie that the FTC told among all the other lies they told. Tarzenea Dixon did not know them prior to merger. Let me tell you what else the FTC knew. They knew that YMA was run by board members so no decisions for the company were made without a vote. Tarzenea Dixon was the only one that voted against purchase of the other companies. Also YMA did not have the capital to purchase the companies so an investor firm by the name of TRF approved YMA and helped with the purchase of the companies. YMA also had lawyers that were involved in the mergers Reed smith to be exact. Which did not do their job to protect YMA from vultures like the helendgers who were the former owners of the companies that YMA purchased? How is it that the FTC received all evidence to prove that Tarzenea Dixon and Derrelle Janey are innocent but never did anything but accuse them? Michelle Chua and the FTC crooks I wonder how you all sleep at night after destroying innocent people’s lives? Is there really such a thing called innocent until proven guilty? In this case Tarzenea Dixon and Derrelle Janey were deemed guilty and the evidence that the FTC was given to prove they are innocent was swept under a rug as if the FTC never received. We need justice; we need to make sure that the FTC is not able to continue to ruined innocent people’s lives. The FTC should have to use facts and not their own selfish truths to make money
By FTC big fat lie
April 1, 2010 9:22 AM | Link to this
This is for everyone that really wants to know the truth about the FTC and the lies they are continuing to spread about innocent people. Tarzenea Dixon and Derrelle Janey are being accused of something they did not do. First of all if the FTC are going to lie they need to at least keep their lies consistent, the whole story has changed since the first lie that they told. YMA was not owned by individuals it was owned by companies MTD Ministries, The Garrison Group and Global holdings. Shawn Vink is the owner of Global holdings and has never been listed on the FTC lies you need to wonder why? If YMA did something wrong why was the owner of Global holdings never talked about? The people that are accused are minorities the person not listed white!! Tarzenea Dixon has never been an owner of YMA, being the CEO does not make you the owner, but they lied and used scandalized her name and has drug her through the mud. YMA did a merger and purchased the assets of other companies listed on the FTC website. YMA hired companies to do the due diligence on the companies purchased. And it all came back okay. Once the companies were purchased, months after YMA found out these companies did not have all legitimate merchants under them. YMA started shutting down and closing out merchants that were not legitimate. During this process the FTC became involved and YMA complied to every request they made if they sent over a merchant that needed to be closed and the funds sent to them it was done. The FTC knew from the beginning that YMA did a merger and we were not affiliated with the companies purchased prior to the merger. Tarzenea Dixon and Derrelle Janey never took funds from consumers. YMA was a processor that opened merchant accounts in which the merchants sold different products to consumers. Once the merchants sent the files in to be processed at the end of the day then YMA would process for them. YMA never directly took any funds from consumers; the consumers were debited by the merchant when they placed an order with them. Our processing policy to all the merchants was if the consumer was not happy with their products they would receive a full refund and YMA would refund the consumer to make sure it was done. Wachovia bank was connected to the companies that YMA purchased in the merger and they were involved in what these companies prior to merger. Wachovia made a lot of money knowing these companies were not legitimate. YMA ended up with Wachovia by default because this was the bank used by the other companies prior to merger. There are quite a few people that know the truth but will they be willing to open their mouths and tell the truth including the officer of Wachovia. I know that Tarzenea Dixon and Darrelle Janey are innocent. The true reality of it all is that FTC never charged them with anything because they had no evidence to charge them. The evidence that was provided to the FTC indeed proved that YMA, Tarzenea Dixon and Derrelle Janey were innocent but they stated those lies on their website. It is a true shame that the FTC is allowed to post lies about people that are not true to make themselves feel better. The money the FTC says was taken by YMA was in the millions. Hopefully something will happen and our President of the United States will look into the FTC criminal activities as they are truly the crooks!!!! 90 percent of the consumers do not even see the money the FTC takes from people. I tell you what anyone that could fine Einstein is a crook. Consumers when you complain make sure that is a legitimate complaint as the FTC does not care who they take down as long as they make money and it is not to benefit the consumer if the FTC were made to show their financial records!!!!!! Signed tired of the FTC big fat lies!!!!!!
By SPG Consultants
March 3, 2010 11:31 AM | Link to this
Has Your Office Encountered The Online Yellow Pages Scam? Harassing calls, threats and use of obscene language can pressurize you to the edge and moreover, a collector may embarrass you by contacting your employer or even be pursued to disburse for a debt that is not rightfully yours. There are limits on how far telemarketers can go, that is why we provide information on how to put an end to telemarketer calls and more efficiently, how to correspond with them about your account and/or to dispute a collection action and can teach you what are your rights in terms of privacy. You can find out more information on our website: www.spgconsultants.com By informing each other, we protect each other
By d
March 2, 2010 6:14 PM | Link to this
After the lawyers get their cuts, how much will actually go to the victims? As it stands now, each of the 24,517 victims in Ohio will get around $114.20 each. What a payout.
By Duhhh
March 2, 2010 1:21 PM | Link to this
“Tarzenea Dixon”… No red flags there.
By Duhhh.
March 2, 2010 1:19 PM | Link to this
“Tarzenea Dixon”… No red flags there.