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By Greg Sandoval CNET News
Posted on ZDNet News: Nov 17, 2009 1:57:17 PM

Three companies have generated more than $1.4 billion by "misleading" Web shoppers into signing up for so-called loyalty program memberships, according to a Senate report (PDF) issued Tuesday.

Out of that money, the report charges, Webloyalty, Vertrue, and Affinion paid online retailers $792 million, and in exchange the retailers handed over access to their customers' credit cards.

The U.S. Senate Committee on Commerce, Science and Transportation has spent six months investigating complaints from people who found mysterious charges on their credit card bill and don't know where they came from.

For more, read "Feds: Top e-tailers profitting from billion-dollar Web scam" from CNET News.

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  • Most Recent of 13 Talkback(s)
freecreditreport.com did this to my girlfriend
There were three charges from those companies that the bank said originated from some kind of freecreditreport.com scam.

Luckily they reversed the charges, but was kinda scary that they had her credit card info.... (Read the rest)
Posted by: starmonkey Posted on: 11/28/09 You are currently: a Guest | | Terms of Use
what about the banking scam?  damasterwc | 11/17/09
Windows BOT Network soon to be CLOUD  Use_More_OIL_NOW | 11/17/09
Thank you for your useless contribution...  mgp3 | 11/18/09
boring  gkrwc | 11/22/09
since when has it been ok to use generic titles for news stories?!  jonesyx2 | 11/18/09
Google  jorjitop | 11/18/09
RE: The most successful Web scam ever?  dieter.pfeiffer@... | 11/18/09
Another "nothing" contribution....  mgp3 | 11/18/09
Agreed  mlbslugger | 11/18/09
eTailers selling our Credit Card information, nothing to do with any OS  invmgr@... | 11/18/09
RE: The most successful Web scam ever?  Rod-Iron | 11/18/09
RE: The most successful Web scam ever?  jldurham@... | 11/18/09
freecreditreport.com did this to my girlfriend  starmonkey | 11/28/09

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