HFA Icon

FTC Charges T-Mobile With "Cramming"

HFA Padded
Mark Melin
Published on
Updated on
Sign up for our E-mail List and Get FREE Access to Exclusive Investment E-books and More!

Cell phone carrier T-Mobile US Inc (NYSE:TMUS) has been accused by the Federal Trade Commission of “cramming” bogus bills into customer’s monthly bills and continued the process well after it was discovered.

FTC Charges T-Mobile With "Cramming"

T-Mobile placing hidden charges in phone bills

Business Insider is reporting that T-Mobile US Inc (NYSE:TMUS) has been placing hidden charges in phone bills for premium third-party texting services that weren't authorized by customers.  This generated "hundreds of millions of dollars" through such charges.

According to an FTC spokesperson, when cell phone customers sign up for such premium texting services they are supposed to ask for payment authorization twice, but the...

Login required to continue reading.

Setup a free account to get access to this article (no credit card required).

View Full Article
Already a member? Log in here
HFA Padded

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.