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. 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…
FTC Charges T-Mobile With "Cramming"
Mark Melin
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.