An online scam is making the rounds alleging that people can claim money from the Tobacco Master Settlement Agreement (MSA). The false ads assert consumers can receive tax-free monthly payments of $2,300 from the government through a special program. In order to claim the money, consumers are prompted to pay up to $129 for a recurring subscription that will provide further details on how to receive the payout. This is nothing but a huge scam.
Individuals are not entitled to receive payments under the MSA. All of the payments under this $206 billion agreement, reached in 1998 between tobacco companies and some state governments, are made to state and local governments.
Not only is the ad fake, it’s hard to get the recurring charges to stop. The ads appear to be published by Money Morning, a publication from F-rated Money Map Press. Complaints against the company allege unauthorized charges, difficulty cancelling the service and obtaining a refund, and misrepresentation. Check out BCA’s report on the business to read about some consumers’ experiences.
If you are or know of a victim of this scam or have a similar experience with a scheme, file a complaint with BCA. You can also keep up-to-date on trending consumer topics, scam watch alerts, and more by following us on Facebook and Twitter.
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Business Consumer Alliance (BCA) is a non-profit company that started in 1928. The broad purpose of BCA is to promote business self-regulation. BCA's mission is achieved by assisting consumers in resolving complaints with businesses and using that complaint information, along with other relevant information such as customer reviews, to forecast business reliability. With community support, BCA can identify trustworthy and ethical businesses and warn the public to avoid unscrupulous businesses whose purpose is to defraud the marketplace. BCA also helps businesses promote themselves by providing services and tools to protect their business and reach out to their customers. BCA obtains its funding from member businesses who support the mission and purpose of the organization and who agree to abide by high standards of ethical business practices.